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Securities
Gift of Stocks & Securities
Make your Zakat & Sadaqah go further through a tax-efficient donation of publicly traded shares. Your contribution can help provide food, shelter, clothing and essential support to Muslims across Canada, while offering meaningful tax benefits to you.
Gift of Stocks & Securities
Why Donate Securities Instead of Cash?
When you donate publicly traded securities in-kind, you receive a charitable tax receipt for the full market value, and no capital gains tax applies on the appreciated amount.
This often results in greater tax savings and a larger net gift to those in need compared to selling the shares and donating the proceeds.
This often results in greater tax savings and a larger net gift to those in need compared to selling the shares and donating the proceeds.
Example: Tax benefit of gifting publicly traded securities to National Zakat Foundation.
How to Donate Securities
Download and complete the Securities Transfer Form
It contains the transfer instructions and fields your broker requires.
The donor information you enter here is used for your tax receipt.
The donor information you enter here is used for your tax receipt.
Send the completed form to your financial advisor or investment institution
This instructs your broker to transfer shares in-kind to National Zakat Foundation’s custody account.
Transfers generally complete in 3–10 business days.
Transfers generally complete in 3–10 business days.
Email NZF to let us know your transfer is on its way
This ensures your donation is tracked and receipted without delay.
donorcare@nzfcanada.com
Include one of the following:
✔ A copy of the form you sent to your broker
or
✔ A simple note confirming the transfer has been initiated
donorcare@nzfcanada.com
Include one of the following:
✔ A copy of the form you sent to your broker
or
✔ A simple note confirming the transfer has been initiated
We sell your securities and issue your receipt
Your tax receipt is based on the fair-market price of the shares on the day they are received in NZF’s receiving account at RBC Dominion Securities.
Tax receipts are issued each February for all gifts received in the previous calendar year.
Tax receipts are issued each February for all gifts received in the previous calendar year.
Please note, eligible securities include:
- Stocks
- Mutual Funds
- ETFs
- Bonds
- Publicly traded income securities
Private shares or non-marketable assets will require review prior to acceptance. All securities must be transferred in-kind to the National Zakat Foundation account, not sold prior to transfer.
- Stocks
- Mutual Funds
- ETFs
- Bonds
- Publicly traded income securities
Private shares or non-marketable assets will require review prior to acceptance. All securities must be transferred in-kind to the National Zakat Foundation account, not sold prior to transfer.
Download the PDF form to get started or click here to gift securities through Canada Helps.
Giving Your Zakat as Shares
Donating securities is acceptable for Zakat, provided investments are halal.
Check compliance using:
● Zoya Finance
● Islamicly
Please note, these are shared for informational purposes only. NZF Canada cannot confirm the validity of halal investments noted on these websites; donors should seek professional tax or investment guidance before proceeding.
Check compliance using:
● Zoya Finance
● Islamicly
Please note, these are shared for informational purposes only. NZF Canada cannot confirm the validity of halal investments noted on these websites; donors should seek professional tax or investment guidance before proceeding.
We're Here to Help
If at any point you’d like assistance with your transfer, please contact:
Email: donorcare@nzfcanada.com
Call: 1-888-693-2203 ext. 3 (Mon–Fri · 9am–5pm EST)
Frequently Asked Questions
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What types of investments can I donate?
You may donate publicly traded stocks, ETFs, mutual funds, and bonds from a non-registered account.
Can I donate securities from a TFSA?
Yes, transfers from a TFSA are possible, but there is no added capital gains tax advantage since TFSA gains are already tax-sheltered.
Will I pay capital gains tax when donating securities?
No, when donated in-kind from a non-registered account, capital gains tax is eliminated. Please consult your advisor for individual tax advice.
How long does the transfer process take?
Most transfers complete in three to ten business days depending on your financial institution.
Do I need to notify NZF after submitting the transfer?
Yes, email donorcare@nzfcanada.com once you initiate the transfer so your receipt can be tracked and issued smoothly.
When will I receive my charitable tax receipt?
Receipts are issued every February for all securities received during the prior calendar year.
How is the donation value calculated?
The receipt is based on the market price on the date shares arrive in NZF’s receiving account.
Is donating securities acceptable for Zakat?
Yes, if the investment is halal and you intend the transfer as Zakat at the time of donation.
Can I donate U.S. traded securities?
Yes, Canadian and U.S. publicly traded securities are accepted for in-kind transfer.
