University of Waterloo

Tax credits and incentives: Northern Canada

Funding for small businesses

Check out all the tax credits and incentives available in Yukon, Northwest Territories and Nunavut.

Information last updated: June 1, 2020.

Yukon Research and Development Tax Credit
15 - 20% tax credit

Amount:	15% or 20% for eligible expenditures
Who can apply (eligibility):	Any corporation that has maintained a permanent establishment in the Yukon at any time during the taxation year for which the credit is being claimed. Eligible expenditures are those incurred during research and development in the field of science or technology.
How to apply:	Corporations can claim the credit by completing the SCH 442 form and filing it with their T2 corporate income tax return. Learn more on the government website.
Application deadline:	Tax season each year

Yukon Small Business Investment Tax Credit
Varies

Amount:	Varies
Who can apply (eligibility):	This tax credit allows Yukon organizations to issue shares to Yukon investors in exchange for an agreed upon return and an individual tax credit of 25% on the amount invested. Your organization must: Be an incorporated, private corporation Maintain permanent establishment in Yukon Have at least 50% of its assets located in Yukon Pay at least 50% of its salaries and wages to Yukon residents and not exceed $25 million in total capitalization
How to apply:	Learn more about the forms you need to submit on the government website.
Application deadline:	Tax season each year