Territories -> Yukon
Tax Rates -> 2020 and 2021 Tax Rates -> Yukon
Yukon 2021 and 2020 Personal Marginal Income Tax Rates
The Federal and Yukon tax brackets and personal tax credit amounts were increased for 2021 by an indexation factor of 1.010, except for the Yukon amount of $500,000, which is equal to the corporate small business limit.
Yukon uses the Federal tax brackets for their first 3 tax brackets.
The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.
| Yukon Personal Income Tax Brackets and Tax Rates | |||
| 2021 Taxable Income | 2021 Tax Rates | 2020 Taxable Income | 2020 Tax Rates |
| first $49,020 | 6.40% | first $48,535 | 6.40% |
| over $49,020 up to $98,040 | 9.00% | over $48,535 up to $97,069 | 9.00% |
| over $98,040 up to $151,978 | 10.90% | over $97,069 up to $150,473 | 10.90% |
| over $151,978 up to $500,000 | 12.80% | over $150,473 up to $500,000 | 12.80% |
| over $500,000 | 15.00% | over $500,000 | 15.00% |
| Combined Federal & Yukon Tax Brackets and Tax Rates | |||||||||
| 2021 Taxable Income | 2021 Marginal Tax Rates | 2020 Taxable Income | 2020 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $49,020 | 21.40% | 10.70% | -7.78% | 13.45% | first $48,535 | 21.40% | 10.70% | -7.78% | 11.58% |
| over $49,020 up to $98,040 | 29.50% | 14.75% | 3.40% | 22.77% | over $48,535 up to $97,069 | 29.50% | 14.75% | 3.40% | 20.90% |
| over $98,040 up to $151,978 | 36.90% | 18.45% | 13.61% | 31.28% | over $97,069 up to $150,473 | 36.90% | 18.45% | 13.61% | 29.41% |
| over $151,978 up to $216,511 (1) | 42.26% | 21.13% | 21.00% | 37.44% | over $150,473 up to $214,368 (1) | 42.11% | 21.06% | 20.79% | 35.39% |
| over $216,511 up to $500,000 | 45.80% | 22.90% | 25.89% | 41.51% | over $214,368 up to $500,000 | 45.80% | 22.90% | 25.89% | 39.64% |
| over $500,000 | 48.00% | 24.00% | 28.93% | 44.04% | over $500,000 | 48.00% | 24.00% | 28.93% | 42.17% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable 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 15%. For more information see Yukon Dividend Tax Credits. |
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| Yukon Basic Personal Amount | |||||||||
| 2021 Personal Amount (1) | 2021 Tax Rate | 2020 Personal Amount (1) | 2020 Tax Rate | ||||||
| $13,808 | 6.40% | $13,229 | 6.40% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2021 Personal Amount (1) | 2021 Tax Rate | 2020 Personal Amount (1) | 2020 Tax Rate | ||||||
| $13,808 | 15% | $13,229 | 15% | ||||||
(1) See the federal tax rates page for information on the federal and Yukon personal amount increase.
The marginal tax rates above have been adjusted to reflect these changes.
On June 20, 2020, Yukon tabled Bill No. 8, Budget Measures Implementation Act, 2020 to enable their BPA to mirror the changes in the federal BPA. This Act also reduced the small business corporate income tax rate for 2021, which automatically reduces the non-eligible dividend tax credit rate in 2021.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023