Cooperative Investment Plan Act (chapter R-8.1.1).

The purpose of this Act is to introduce a tax incentive to increase the permanent capitalization of certain cooperatives and federations of cooperatives needing equity capital for their development.
The Act defines “qualified cooperative” (Division II) and “qualified federation of cooperatives” (Division III) for the purpose of the application of the Act. “Qualified cooperative” is either (a) a work cooperative, (b) a shareholding workers cooperative, (c) a solidarity cooperative that would be a work cooperative but for its supporting members, (d) a producers cooperative or a solidarity cooperative that would be a producers cooperative but for its supporting members, so long as at least 90% of the goods or services it provides, including those provided through a partnership or a controlled subsidiary, are provided to persons or partnerships that procure those goods or services for the purpose of earning income from a business, (d.1) a solidarity cooperative, with or without supporting members, that consists of worker members and user members, so long as each user member of the cooperative is a producer and at least 90% of the goods or services it provides, including those provided through a partnership or a controlled subsidiary, are provided to persons or partnerships that procure those goods or services for the purpose of earning income from a business, or (e) a farm cooperative.