TP-965.39.4-V: Calculation of the CIP Deduction

If you invested in a Cooperative Investment Plan (CIP) by buying securities from a cooperative or a federation of cooperatives, in or after 2010, and you lived in Québec at the end of the year, you might be able to claim a deduction for your investment. You’ll need to complete form TP-965.39.4-V to determine what your deduction is.

You can also carry forward the unused portion of the CIP deduction you don’t use right away (for up to 5 years) so that you can apply it to a future return. 

Where do I claim this?

Follow these steps in H&R Block's 2017 tax software:

Before you begin, make sure you told us that you lived in Québec on December 31, 2017.

  1. Under the PREPARE tab, click IN THIS SECTION icon.

  2. Under Investments (shares, securities, property, tax shelters, etc.) you bought or sold in 2017, click the Add This button.

  3. Click the PENSION PLANS AND INVESTMENTS icon. You will find yourself here:


  4. Under the INVESTMENT INCOME heading, select the checkbox labelled Calculation of the CIP deduction (TP-965.39.4-V), then click Continue.

  5. When you arrive at the Calculation of the CIP deduction page, enter your information into the tax software.