Yukon -> Tax Rates -> 2015 & 2016 Tax Rates -> Yukon 2015 & 2016 Income Tax Rates
Yukon 2015 and 2016 Personal Marginal Income Tax Rates
The Federal tax rates for 2016 are as per Bill C-2 tabled in December 2015. The Yukon tax brackets and personal tax credits were increased for 2016 by an indexation factor of 1.013, 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 equal to the Yukon general corporate income 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 |
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| 2016 Taxable Income | 2016 Tax Rates | 2015 Taxable Income | 2015 Tax Rates | ||||||
| first $45,282 | 6.40% | first $44,701 | 6.40% | ||||||
| over $45,282 up to $90,563 | 9.00% | over $44,701 up to $89,401 | 9.00% | ||||||
| over $90,563 up to $140,388 | 10.90% | over $89,401 up to $138,586 | 10.90% | ||||||
| over $140,388 up to $500,000 | 12.80% | over $138,586 up to $500,000 | 12.80% | ||||||
| over $500,000 | 15.00% | over $500,000 | 15.00% | ||||||
Combined Federal & Yukon Tax Brackets and Tax Rates |
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| 2016 Taxable Income | 2016 Marginal Tax Rates | 2015 Taxable Income | 2015 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $45,282 | 21.40% | 10.70% | -11.89% | 9.05% | first $44,701 | 21.40% | 10.70% | -11.89% | 8.51% |
| over $45,282 up to $90,563 | 29.50% | 14.75% | -0.72% | 18.53% | over $44,701 up to $89,401 | 31.00% | 15.50% | 1.35% | 19.84% |
| over $90,563 up to $140,388 | 36.90% | 18.45% | 9.50% | 27.19% | over $89,401 up to $138,586 | 36.90% | 18.45% | 9.50% | 26.80% |
| over $140,388 up to $200,000 | 41.80% | 20.90% | 16.26% | 32.92% | over $138,586 up to $500,000 | 41.80% | 20.90% | 16.26% | 32.58% |
| over $200,000 up to $500,000 | 45.80% | 22.90% | 21.78% | 37.60% | over $500,000 | 44.00% | 22.00% | 19.29% | 35.18% |
| over $500,000 | 48.00% | 24.00% | 24.81% | 40.18% | |||||
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The 2015 income tax rates were
revised by the Yukon 2015 Budget, which
included cancellation of the surtax. |
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Yukon Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $11,474 | 6.40% | $11,327 | 6.40% | ||||||
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Federal Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $11,474 | 15% | $11,327 | 15% | ||||||
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Revised: October 26, 2023