What is RL-7 Slip – Investments in an Investment Plan

RL-7 Slip – Investments in an Investment Plan

The RL-7 slip must be filed by any cooperative or federation of cooperatives that has issued securities that are qualifying securities under a Cooperative Investment Plan (CIP).

Purpose of the RL-7 slip

The RL-7 slip is used to report an individual's investments in a CIP.

How to Complete the RL-7 Slip (Box by Box Instructions)

Box G

Amount giving entitlement to a Cooperative Investment Plan (CIP) deduction. Enter this amount on form TP-965.39.4-V,Calculation of the CIP Deduction

Box H

Amount in excess of 100% of the cost of securities. Use this amount to calculate the alternative minimum tax.

For further information please contact Taxtron Support at 416-491-0333 or visit www.taxtron.ca (opens in a new tab)