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Yukon 2016 & 2017 Personal Tax Rates

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Yukon Territory   ->   Tax Rates   ->   2016 & 2017 Marginal Tax Rates  -> Yukon 2016 & 2017 Income Tax Rates

Yukon 2016 and 2017 Personal Marginal Income Tax Rates

The Federal and Yukon tax brackets and personal tax credits are increased for 2017 by an indexation factor of 1.014, except for the Yukon amount of $500,000, which is equal to the corporate small business limit.  Yukon uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

Yukon's top tax threshold, as per s. 6(2)(b) of their Income Tax Act, is equal to the Small Business Limit.  The top tax rate is now set at 15%, effective January 1, 2017, instead of being equal to the general corporate tax rate.

The 2016 marginal tax rate for non-eligible dividends reflects the rate that is in effect automatically due to the change in the gross-up rate and federal small business corporate income tax rate for 2016.  The Yukon legislation automatically adjusts the dividend tax credit based on these changes.

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

Yukon Personal Income Tax Brackets and Tax Rates

2017 Taxable Income 2017 Tax Rates 2016 Taxable Income 2016 Tax Rates
first $45,916 6.40% first $45,282 6.40%
over $45,916 up to $91,831 9.00% over $45,282 up to $90,563 9.00%
over $91,831 up to $142,353 10.90% over $90,563 up to $140,388 10.90%
over $142,353 up to $500,000 12.80% over $140,388 up to $500,000 12.80%
over $500,000 15.00% over $500,000 15.00%

Combined Federal & Yukon Tax Brackets and Tax Rates

2017 Taxable Income 2017 Marginal Tax Rates 2016 Taxable Income 2016 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $45,916 21.40% 10.70% -11.89% 9.05% first $45,282 21.40% 10.70% -11.89% 9.05%
over $45,916 up to $91,831 29.50% 14.75% -0.72% 18.53% over $45,282 up to $90,563 29.50% 14.75% -0.72% 18.53%
over $91,831 up to $142,353 36.90% 18.45% 9.50% 27.19% over $90,563 up to $140,388 36.90% 18.45% 9.50% 27.19%
over $142,353 up to $202,800 41.80% 20.90% 16.26% 32.92% over $140,388 up to $200,000 41.80% 20.90% 16.26% 32.92%
over $202,800 up to $500,000 45.80% 22.90% 21.78% 37.60% over $200,000 up to $500,000 45.80% 22.90% 21.78% 37.60%
over $500,000 48.00% 24.00% 24.81% 40.18% over $500,000 48.00% 24.00% 24.81% 40.18%

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 17%.
For more information see Yukon Dividend Tax Credits.

Yukon Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$11,635 6.40% $11,474 6.40%

Federal Basic Personal Amount

2017 Personal Amount 2017 Tax Rate 2016 Personal Amount 2016 Tax Rate
$11,635 15% $11,474 15%

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Revised: October 24, 2017

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