The recent Federal Budget introduced a new initiative allowing taxpayers to claim a tax deduction when donating publicly listed shares that are valued at $5,000 or less. The recent Federal Budget introduced a new initiative allowing taxpayers to claim a tax deduction when donating publicly listed shares that are valued at $5,000 or less. To claim the deduction the shares must have been held for at least 12 months, and must be given to a nonprofit with deductible gift recipient status (DGR). Taxpayers will still be required to pay capital gains tax, or will be able to claim a capital loss, on any donated shares. Prior to this change, shares…