TP-965.39.4-V: Calculation of the CIP Deduction

Did you invest in the Cooperative Investment Plan (CIP) by buying securities from a cooperative or a federation of cooperatives, in or after 2010? As long as 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 tax software to file your 2016 taxes:

Before you begin, make sure you told us that you lived in QUÉBEC on December 31, 2016.

  1. On the PREPARE tab, click the LET’S TALK ABOUT 2016 icon. 

  2. Select the checkbox labelled I had investments and/or investment income, or I bought and/or sold property.

  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.