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Yukon Income Tax
Yukon/Federal tax brackets and marginal tax rates
- tax brackets and applicable Yukon rates, plus combined federal/Yukon marginal tax rates for eligible and non-eligible Canadian dividends, capital gains and other income (interest, foreign dividends, employment, self-employment, etc).
- Detailed tax calculator which includes most deductions and tax credits, can be used to check your tax return or to do some tax planning for the next tax year.
- The Basic Tax Calculator works for all provinces and territories, and requires very little input. You input the amount of income from Canadian eligible and non-eligible dividends, capital gains, and employment/other income. This will produce a table of taxes payable for the current and past 5 years, for all provinces and territories, as well as your marginal tax rate for each type of income.
Yukon COVID-19 Information and Support
COVID-19 Resources - federal and provincial/territorial
Yukon Non-refundable Personal Tax Credits
Non-Refundable Personal Tax Credits Tables - federal & all provinces and territories
As per the Yukon 2020 Budget, Yukon's basic personal amount will mirror changes made to the federal basic personal amount.
Yukon Dividend Tax Credit
Yukon Dividend Tax Credit for Eligible Dividends
YT Income Tax Act s. 6(39)
Due to the changes in the federal gross-up % starting in 2010, amendments were made to the Yukon Income Tax Act, revising the calculation of the dividend tax credit starting in 2011. The dividend tax credit is revised automatically now if there is a change in the federal or Yukon general corporate income tax rate, highest personal income tax (PIT) rate, or gross-up percentage. The following table shows the resulting rates. The 2015 rate changed slightly due to the increase in the highest PIT rate. The rate for 2018 and later years is reduced because the Yukon 2017 Budget reduced the general corporate income tax rate from 15% to 12%.
| Yukon Dividend Tax Credit Rate for Eligible Dividends | |||
| Year | Gross-up Rate |
% of Grossed-up Dividend |
% of Actual Dividend |
| 2018+ | 38% | 12.02% | 16.59% |
| 2015-17 | 38% | 15.00% | 20.70% |
| 2012-14 | 38% | 15.08% | 20.81% |
| 2011 | 41% | 15.08% | 21.26% |
| 2010 | 44% | 10.83% | 15.60% |
| 2009 | 45% | 11.00% | 15.95% |
The above rates are based on the federal and Yukon corporate tax rates for large corporations, as well as the gross-up percentage in effect on January 1 of the tax year.
The Yukon tables of marginal tax rates include the marginal tax rates for both eligible and non-eligible dividends.
The Federal 2008 Budget reduced the gross-up rate and the dividend tax credit rate for dividends eligible for the eligible dividend tax credit. See the Eligible Dividend Tax Credit article for details.
Yukon Dividend Tax Credit for Non-eligible Dividends
YT Income Tax Act s. 6(39)
The Yukon Income Tax Act was revised in the fall of 2010, for tax years 2011 and later. The dividend tax credit for non-eligible dividends changes automatically now if there is a change in the federal or Yukon corporate income tax rate, highest personal income tax rate, or gross-up percentage.
The Yukon 2015 Budget Bill 86 made a change to the calculation of the non-eligible dividend tax credit calculation, in relation to the creation of a new tax bracket with a threshold equal to the small business limit, with a tax rate equal to the general corporate tax rate, which is paid by small businesses on taxable income above the small business limit. The 2017 Budget set the tax rate for the highest tax threshold at 15% instead of leaving it dependent on the general corporate tax rate. The 2017 Budget also reduced the small business tax rate to 2% from 3%, effective July 1, 2017. This changes the 2018 dividend tax credit rate.
The Yukon 2020 Budget reduced the small business tax rate for 2021 to zero. This automatically changed the 2021 non-eligible dividend tax credit rate to 0.67% of the grossed-up (taxable) dividend.
| Yukon Dividend Tax Credit Rate for Non-Eligible Dividends | ||||
| Year | Gross-up Rate |
%of
Federal Gross-up |
% of Grossed-up Dividend |
% of Actual Dividend |
| 2021+ | 15% | 5.10% | 0.67% | 0.77% |
| 2019-20 | 15% | 17.62% | 2.30% | 2.64% |
| 2018 | 16% | 16.42% | 2.26% | 2.63% |
| 2016-17 | 17% | 21.63% | 3.14% | 3.68% |
| 2015 | 18% | 20.81% | 3.17% | 3.75% |
| 2014 | 18% | 26.42% | 4.03% | 4.76% |
| 2011-13 | 25% | 22.55% | 4.51% | 5.64% |
| 2006-10 | 25% | 22.24% | 4.45% | 5.56% |
Yukon Low-income Family Tax Credit
The Yukon 2015 Budget repealed this tax credit, effective for 2015 and later taxation years. The Yukon Child Tax Benefit is increased for the 2015 and later taxation years.
 | was available for low income individuals or families |
| if married or living common-law, must be claimed by spouse with higher net income |
| maximum credit was 80% of Yukon tax |
| income for the calculation of this credit did not include the federal Universal Child Care Benefit of $100 per month |
See Canada Revenue Agency ( CRA) form YT428 from the YT General Income Tax and Benefit Package page for detailed calculation.
Yukon Refundable Child Fitness Tax Credit
Form YT479 Line 63800 (line 6392 prior to 2019)
Yukon Income Tax Act s. 9.01
Yukon has a refundable child fitness tax credit that was based on the federal tax credit. The Yukon Child Fitness Credit became refundable in 2015. Yukon tabled amendments so that the reduction and elimination of the Federal Children's Fitness Credit did not reduce or eliminate the Yukon Children's Fitness Credit.
Up to $1,000 per child in eligible fees can be claimed for children under 16 years of age (under 18 years of age if eligible for the disability tax credit).
Details of the Yukon credit:
| Total cost for prescribed programs for the child | $80 | $100 | $200 | $500 | $1,000+ |
| Child fitness tax credit @6.4% to maximum $64 | $5.12 | $6.40 | $12.80 | $32 | $64 |
| Additional tax credit for child with disability $500 x 6.4% | 0 | 32 | 32 | 32 | 32 |
| Total tax credit for child with disability | $5.12 | $38.40 | $44.80 | $64 | $96 |
For more information, see the Canada Revenue Agency document 5007-PC Information for Residents of Yukon, Children's fitness tax credit.
YT Children's arts tax credit
See Provincial tax credits paid with the GST/HST credit
Yukon Government Links
Legislative Assembly - Progress of Bills
Health Care in the Yukon
Health Care Coverage - includes registration information
Apply for extended health care benefits and Pharmacare for seniors
Canada Revenue Agency (CRA) Links
YT Personal income tax and benefit package
Government benefits, programs and services
Yukon Budgets
Yukon 2024 Budget - March 7, 2024
No income tax changes were announced in the budget. The Fiscal and Economic Outlook is forecasting surpluses for each year, up to the 2028-29 fiscal year.
Yukon 2023 Budget - March 2, 2023
No income tax changes were announced in the budget.
Yukon 2022 Budget - March 3, 2022
There were no new tax measures announced in the budget. The Fiscal and Economic Outlook is forecasting a surplus for the 2021-22 year, and for each year going forward. However, they are showing their net debt increasing each year.
Yukon 2021 Budget - March 4, 2021
There were no new tax measures announced in the budget, but the Fiscal and Economic Outlook indicated that there were January 1, 2021 increases in tax rates for:
| tobacco - by one cent per cigarette and one cent per gram of loose tobacco |
| insurance premiums |
Yukon 2020 Budget - March 5, 2020
| Small business corporate income tax rate to be reduced to zero effective January 1, 2021. |
| Insurance premium tax will increase to 4% effective January 1, 2021. |
| Small Business Investment Tax Credit program will be expanded in 2020 to allow medium-sized businesses to apply, and it will be renamed the Business Investment Tax Credit. |
| Yukon's basic personal amount (BPA), spousal and eligible dependant amounts will mirror changes made to the federal basic personal amount. |
See Bill No. 8, Budget Measures Implementation Act, 2020 and subsequent Amendments - Assent March 16, 2020.
Yukon 2019 Budget - March 7, 2019
No tax changes were announced. Above link is to Yukon Budget website.
Yukon 2018 Budget - March 1, 2018
No tax changes were announced. Above link is to Yukon Budget website.
Yukon 2017 Budget - April 27, 2017
- on Yukon website. See also Bill 3, Budget Measures Implementation Act, 2017 (pdf).
- General corporate tax rate reduced from 15% to 12%, effective July 1, 2017.
- The manufacturing and processing profits deduction rate is reduced from 12.5% to 9.5% as of July 1, 2017.
- The small business manufacturing and processing profits deduction rate is reduced from 1.5% to 0.5% as of July 1, 2017.
- The highest personal income tax rate is set at 15% instead of being linked to the corporate income tax rate.
- Small business corporate tax reduced from 3% to 2%, effective July 1, 2017.
- Tax rate on cigarettes and loose tobacco will increase from 21 cents per cigarette or gram to 25 cents on July 1, 2017, rising to 30 cents on April 1, 2018. The tax will increase by the consumer price index each January 1 starting in 2019.
Revised: September 20, 2024