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.
- On the PREPARE tab, click the LET’S TALK ABOUT 2016 icon.
- Select the checkbox labelled I had investments and/or investment income, or I bought and/or sold property.
- 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.