TP-965.39.4-V: Calculation of the CIP Deduction

What’s in this article?

 

What is this?

Form TP-965.39.4 is used to calculate the deduction for investment in a Cooperative Investment Plan (CIP). If you purchased, in or after 2010, securities from a cooperative or a federation of cooperatives that is authorized to issue securities, you may be entitled to a deduction. Form TP-965.39.4 is used to calculate the deduction and the unused portion that is available for a carry forward.

You can carry forward any unused portion of the CIP deduction for five tax years.

 

Am I eligible?

You can claim a deduction for an investment in a CIP if you purchased qualifying securities from a cooperative or a federation of cooperative 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-965.39.4-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 Calculation of the CIP deduction (TP-965.39.4-V).
  7. Scroll to the bottom of the page and click Continue.

When you arrive at the Calculation of the CIP deduction (TP-965.39.4-V) page, enter your information into the tax software.

 

Where can I learn more?