Gift of Stocks & Securities
A smart way to donate and multiply your generosity
Make a Bigger Difference with Stock Giving
You can make your donations go further through a tax-efficient donation of publicly traded shares. Your contribution can help provide food, shelter, clean water, healthcare, and life-saving aid to Muslims across the world while offering meaningful tax benefits to you.
Why Donate Securities Instead of Cash?
When you make an in-kind donation of publicly traded securities, you receive a charitable tax receipt for the full market value of the donation, without incurring any capital gains tax on the appreciated amount.
This means your donation has the power to support more people in need, while reducing the taxes you owe, resulting in a more effective donation, compared to first selling the shares and then donating the proceeds.
Example: Tax Benefits of Donating Securities to Islamic Relief Canada
| Scenario | Sell Securities & Donate Cash | Donate Securities Directly |
| Market Value | $10,000 | $10,000 |
| Original Cost | $2,000 | $2,000 |
| Capital Gain | $8,000 | $8,000 |
| Taxable Portion (50% of Capital Gain) | $4,000 | $0 |
| Tax on Capital Gain (46%) | $1,840 | $0 |
| Donation Amount After Tax | $8,160 | $10,000 |
| Charitable Tax Credit | $3,754 | $4,600 |
Please note: the example above assumes a 46% marginal rate. Your actual tax benefits will depend on the amount donated, province of residence, tax bracket, and other factors.
This example is meant to be illustrative in nature and should not serve as financial advice. Please seek professional tax or investment guidance before proceeding, if needed.
How to Donate Securities
Step 1: Download and complete the Gift of Securities Transfer Form
The Gift of Securities Transfer Form contains the transfer instructions and fields required by your investment advisor, as well as instructions for our team on how to best allocate the purpose of your donation.
Please note: the donor information you enter here is used for your tax receipt.
Step 2: Send the completed form to your financial advisor or investment institution, and CC Us
Please CC [email protected] in your email. This instructs your broker to transfer the securities in-kind to Islamic Relief Canada’s account, and ensures we have the information needed to allocate the donation to you.
Transfers typically take 5-10 business days to complete.
Step 3: Receive your tax receipt from Islamic Relief Canada Fill out the Form
Your tax receipt is based on the fair-market price of the shares on the day they are received in Islamic Relief Canada’s account at CIBC Wood Gundy.
Tax receipts are issued each February for all gifts received in the previous calendar year. To obtain tax benefits, all securities must be transferred in-kind to Islamic Relief Canada’s account (not sold prior to transfer).
Get in Contact with Us
If you have any questions about this process, please feel free to reach out to our team at any point through email or phone.
Email: [email protected]
Call: 1-855-377-HOPE (4673)
Islamic Relief Canada's Registered Charity Number: 821896875RR0001
Address:
Islamic Relief Canada
3501 Mainway
Burlington, ON L7M 1A9
Frequently Asked Questions
You may donate publicly traded stocks, exchange-traded funds (ETFs), mutual funds, and bonds from a non-registered account.
Yes, transfers from a TFSA are possible, but there is no added capital gains tax advantage since TFSA gains are already tax-sheltered.
No, when donated in-kind from a non-registered account, capital gains tax is eliminated. Please consult your advisor for individual tax advice.
Most transfers take 5-10 business days to complete, depending on your financial institution.
Yes, please CC [email protected] when making your transfer. This helps ensure your donation can effectively be tracked and we can create a formal receipt.
Receipts are issued every February for all securities received during the prior calendar year.
The receipt is based on the market price on the date that shares arrive in Islamic Relief Canada’s receiving account.
Yes, if the investment is halal and you intend the transfer as Zakat at the time of donation.