The 45 year-old driver was shot and killed last November while on duty.
Bouzid had been working as a taxi driver in Montreal for almost 10 years, and he was his family’s primary source of income.
The 45-year-old left behind a widow and three children.
Almost immediately after Bouzid's death, Diamond Taxi started a fund for his family.
"We would have never imagined to be able to raise so much from the drivers and we donated — we matched — the amount from the drivers and also from the public...It's quite incredible," said Denis Laramée, Taxi Diamond’s deputy general manager.
Laramée said he hopes the money will help the family make ends meet for some time to come.