Hi, the fees are usually around 20 pounds per transfer. I don't think my bank in Canada charges me for receiving funds (they're too happy to get the money). You'll find that opening a bank account in Canada is a lot easier than in the UK. As for the 120000$ it should be more than enought. I have a lot to say about Canada as I was born and raised their and moved to the UK only 2 months ago with my husband. I don't know where you live, but we're in the Cambridge area and if you want, we'd be more than happy to answer your question around a cup of coffee or a pint (I have too many things to say to write it all!!!) Cheers and good luck