Yukon 2024 and 2023 Tax Rates & Tax Brackets

The Federal and Yukon tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% increase), 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 2024 Federal Budget proposed an increase in the capital gains inclusion rate to 66 2/3% for the portion of gains realized after June 24, 2024 in excess of $250,000, for an individual. We've added an extra column below, to show the marginal tax rate for those gains. The inclusion rate is still 50% for the portion of gains up to $250,000 after June 24, 2024.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The indexation factors, tax brackets and tax rates for 2024 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 or the Detailed Tax Calculators.

TaxTips.ca - Yukon Tax Rates
2024 Taxable Income	2023 Tax Rates	2023 Taxable Income	2023 Tax Rates
first $55,867	6.40%	first $53,359	6.40%
over $55,867 up to $111,733	9.00%	over $53,359 up to $106,717	9.00%
over $111,733 up to $173,205	10.90%	over $106,717 up to $165,430	10.90%
over $173,205 up to $246,752	12.93%	over $165,430 up to $235,675	12.93%
over $246,752 up to $500,000	12.80%	over $235,675 up to $500,000	12.80%
over $500,000	15.00%	over $500,000	15.00%

TaxTips.ca - Combined Federal & Yukon Tax Brackets and Tax Rates
2024 Taxable Income (1)	YT 2024 Marginal Tax Rates					2023 Taxable Income (1)	YT 2023 Marginal Tax Rates
	Other Income	Capital Gains		Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	All Pre- Jun 25	>$250K Post- Jun 24	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $55,867	21.40%	10.70%	14.27%	-7.78%	13.45%	first $53,359	21.40%	10.70%	-7.78%	13.45%
over $55,867 up to $111,733	29.50%	14.75%	19.67%	3.40%	22.77%	over $53,359 up to $106,717	29.50%	14.75%	3.40%	22.77%
over $111,733 up to $173,205	36.90%	18.45%	24.60%	13.61%	31.28%	over $106,717 up to $165,430	36.90%	18.45%	13.61%	31.28%
over $173,205 up to $246,752	42.25%	21.13%	28.17%	20.99%	37.43%	over $165,430 up to $235,675	42.25%	21.13%	20.99%	37.43%
over $246,752 up to $500,000	45.80%	22.90%	30.53%	25.89%	41.51%	over $235,675 up to $500,000	45.80%	22.90%	25.89%	41.51%
over $500,000	48.00%	24.00%	32.00%	28.93%	44.04%	over $500,000	48.00%	24.00%	28.93%	44.04%
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. Copyright © 2002 Boat Harbour Investments Ltd.

Yukon Basic Personal Amount
2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate	2023 Personal Amount (1) Minimum / Maximum		2023 Tax Rate
$14,156	$15,705	6.4%	$13,521	$15,000	6.4%

Federal Basic Personal Amount
2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate	2023 Personal Amount (1) Minimum / Maximum		2023 Tax Rate
$14,156	$15,705	15%	$13,520	$15,000	15%

(1) See the federal tax rates page for information on the enhanced federal and Yukon basic personal amounts (BPAs), which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.

The Yukon BPA mirrors the changes in the federal BPA.

Revised: October 17, 2024