The remote sensing of sun-induced chlorophyll fluorescence (SIF) is an emerging technique with immense potential for terrestrial vegetation sciences. However, the interpretation of fluorescence data is often hindered by the complexity of observed land surfaces. Therefore, advanced remote sensing models, particularly physically based simulations, are critical to accurately interpret SIF data. In this work, we propose a three-dimensional (3D) radiative transfer model that employs the Monte Carlo ray-tracing technique to simulate the excitation and transport of SIF within plant canopies. This physically based approach can quantify the various radiative processes contributing to the observed SIF signal with high fidelity. The model’s performance is rigorously evaluated by comparing the simulated SIF spectra and angular distributions to field measurements, as well as conducting systematic comparisons with an established radiative transfer model. The results demonstrate the proposed model’s ability to reliably reproduce the key spectral and angular characteristics of SIF, with the coefficient of determination (R2) exceeding 0.98 and root mean square error (RMSE) being less than 0.08 mW m−2 sr−1 nm−1 for both the red and far-red fluorescence peaks. Furthermore, the model’s versatile representation of canopy structures, enabled by the decoupling of radiation and geometry, is applied to study the impact of 3D structure on SIF patterns. This capability makes the proposed model a highly attractive tool for investigating SIF distributions in realistic, heterogeneous canopy environments.