Zakat in Canada

Calculate Zakat in Canadian dollars and include local assets.

Use the Zakat Calculator

Zakat in Canada is calculated the same way as anywhere else, but you may hold assets in CAD and use local pricing for gold and silver.

Quick answer

  • Use CAD as your base currency.
  • Include bank balances, cash, investments, and crypto.
  • Pay 2.5% once above Nisab.

How to calculate

  1. Pick a Zakat date and list all assets in CAD.
  2. Convert foreign assets to CAD using current rates.
  3. Check the Nisab value in CAD for gold or silver.
  4. Apply 2.5% if above the threshold.

Common mistakes

  • Using USD prices without conversion to CAD.
  • Ignoring TFSA or brokerage cash balances.
  • Forgetting short-term debts owed in Canada.
Use the calculator with CAD as your base currency.

FAQ

Do I include my TFSA or RRSP?

Scholars differ. If funds are accessible, many include them.

Is Zakat tax-deductible in Canada?

Charitable donations may be tax deductible. Consult a tax advisor.

Can I pay Zakat to a Canadian charity?

Yes, as long as it distributes funds to eligible recipients.

Related guides

How to Calculate Zakat

A simple step-by-step guide for calculating your Zakat.

Nisab: Gold vs Silver

Understand the difference between gold and silver Nisab thresholds.

Zakat on Bank Accounts

Include all accessible balances in checking and savings accounts.

Zakat on Cash and Savings

Include all cash on hand, savings, and digital balances in Zakat.

More resources: FAQ and About Zakat.