Yukon Research and Development Tax Credit
The Yukon research and development tax credit is a refundable credit equal to 15 per cent of total eligible expenses for scientific research and experimental development carried out in the Yukon, plus an additional 5 per cent of total eligible Yukon University expenses. Individuals resident in the Yukon on the last day of the taxation year and corporations with a permanent base in the Yukon can claim it.
Offered by Department of Finance
Amount
15 per cent of total eligible expenses plus an additional 5 per cent of total eligible Yukon University expenses; refundable if it exceeds your payable income tax
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Who can apply
For eligible expenses by:
Individual
A resident in the Yukon on the last day of the taxation year for which the credit is claimed
Corporation
Have a permanent base in the Yukon
About the funding
The credit is refundable if it exceeds your payable income tax.
You have to claim the tax credit within 12 months of the tax-return filing due date. The credit is equal to the sum of:
15 per cent of total eligible expenses; plus
an additional 5 per cent of total eligible Yukon University expenses.
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The expenses must be for:
scientific research and experimental development; and
work that takes place in the Yukon.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Investment Tax Credits (ITC) on Qualified Expenditures for Scientific Research and Experimental Development (SR&ED) | Tax Credit | Non-refundable ITC of 15% of the SR&ED qualified expenditure pool | Open |
| Scientific Research and Experimental Development Tax Incentive Program (SR&ED) | Tax Credit | Investment tax credit at a basic rate of 15% | Open |
