TP-965.55-V: Stock Savings Plan II (SSP II)

What’s in this article?

 

What is this?

Form TP-965.55-V is used if you purchased shares or securities that you included in your Stock Savings Plan II (SSP II) or if you withdrew shares or securities from your SSP II. Form TP-965.55-V is used to calculate the deduction you can claim for shares or securities purchased in your SSP II. In addition, if you withdrew shares or securities from your SSP II, you may have to include in your income a recovery amount for deductions you claimed in the previous two years. To find out if you are required to include the recovery amount in your income for the year, complete this form.

 

Am I eligible?

You must complete form TP-965.55-V if, you purchased shares or securities that were included in your SSP II or withdrew shares or securities from your SSP II and were resident in Québec on December 31.

 

Where do I claim this? 

Follow these steps in H&R Block’s tax software to file your 2015 taxes:

Important: Before you begin, ensure that you told us that you lived in QUÉBEC on December 31st of the 2015 tax year, in H&R Block’s tax software. To do this:

  1. Click the HOME tab.
  2. Click the ABOUT YOU icon, and click the Your residence link. You will find yourself here:

Once you have confirmed your residence location, complete form TP-965.55-V by following these steps:

  1. Click the PREPARE tab.
  2. Click the YOUR YEAR IN REVIEW icon. You will find yourself here:
  3. Click the checkbox labelled I had investments.
  4. Scroll to the bottom of the page and click Continue.
  5. Click the RRSPS AND INVESTMENTS icon. You will find yourself here :
  6. Under the INVESTMENT INCOME heading, click the checkbox labelled Stock savings plan II (SSP II) (TP-965.55-V).
  7. Scroll to the bottom of the page and click Continue.

When you arrive at the Stock savings plan II (SSII) (TP-965.55-V) page, enter your information into the tax software.

 

Where can I learn more?