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Yukon 2015 and 2014 Personal Tax Rates

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Territories -> Yukon Territory
Tax Rates
-> 2014 and 2015 Marginal Tax Rates -> Yukon Territory

Yukon 2014 and 2015 Personal Marginal Income Tax Rates

The Yukon tax brackets and personal tax credits were increased for 2015 by an indexation factor of 1.017.  Yukon uses the Federal indexation factor.  The indexation factor, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Yukon Personal Income Tax Brackets and Tax Rates Before Surtax

2015 Taxable Income 2015 Tax Rates 2014 Taxable Income 2014 Tax Rates
first $44,701 6.40% first $43,953 7.04%
over $44,701 up to $89,401 9.00% over $43,953 up to $87,907 9.68%
over $89,401 up to $138,586 10.90% over $87,907 up to $136,270 11.44%
over $138,586 up to $500,000 12.80% over $136,270 12.76%
over $500,000 15.00%

<- New tax bracket as per Yukon 2015 Budget

Combined Federal & Yukon Tax Brackets and Tax Rates (Including Surtax for 2014)

2015 Taxable Income 2015 Marginal Tax Rates 2014 Taxable Income 2014 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $44,701 21.40% 10.70% -11.89% 8.51% first $43,953 22.04% 11.02% -11.12% 8.25%
over $44,701 up to $89,401 31.00% 15.50% 1.35% 19.83% over $43,953 up to $82,073 31.68% 15.84% 2.18% 19.63%
over $89,401 up to $138,586 36.90% 18.45% 9.50% 26.80% over $82,073 up to $87,907 32.16% 16.08% 1.81% 19.96%
over $138,586 up to $500,000 41.80% 20.90% 16.26% 32.58% over $87,907 up to $136,270 38.01% 19.01% 9.88% 26.86%
over $500,000 44.00% 22.00% 19.29% 35.17% over $136,270 42.40% 21.20% 15.93% 32.04%

The 2015 income tax rates were revised by the Yukon 2015 Budget - see Financial Information (pdf - see page 18), which included cancellation of the surtax.
The dividend tax credit rate for non-eligible dividends is automatically revised based on the lower small business corporate income tax rate.
The dividend tax credit rates for both eligible & non-eligible dividends are automatically revised based on the new highest income tax rate.
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 18%.
For more information see Yukon.

Yukon Surtax

2015 2014

The Yukon surtax is repealed as per the 2015 Budget.

Surtax rate (included in above rates) 5%
Surtax is on YT tax greater than $6,000
Person with only basic personal amount - surtax starts at taxable income of $82,073

Yukon Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 6.40% $11,138 7.04%

Federal Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 15% $11,138 15%

 

Revised: September 20, 2017

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