Research and Development Tax Credit

By mmuise
Description:

The Research and Development Tax Credit is a refundable corporate and personal income tax credit of 15% for scientific research and experimental development carried out in Yukon.


Comments on Funding:

Funding takes the form of a tax credit that can be claimed within 12 months of the tax-return filing due date. The credit is equal to the sum of:
- 15% of total eligible expenses; plus
- an additional 5% of total eligible Yukon College expenses.

Deadline: Rolling deadline
Eligibility:

The applicant must:

  • be an individual;
  • be a resident in the Yukon on the last day of the taxation year for which the credit is claimed;
  • be a corporation;
  • have a permanent base in the Yukon.
Application Steps:

-

Documentation Needed:

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Other Things to Note:

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About the author
mmuise