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.
- Under the PREPARE tab, click IN THIS SECTION icon.
- Under Investments (shares, securities, property, tax shelters, etc.) you bought or sold in 2017, click the Add This button.
- Click the PENSION PLANS AND INVESTMENTS icon. You will find yourself here:
- Under the INVESTMENT INCOME heading, select the checkbox labelled Calculation of the CIP deduction (TP-965.39.4-V), then click Continue.
- When you arrive at the Calculation of the CIP deduction page, enter your information into the tax software.