Yukon Manufacturing and Processing Profits Tax Credit

Amount:

No fixed amount

Type:

Tax Credit

Description:

Large corporations engaged in manufacturing and processing may claim up to 9.5% on profits earned in Yukon.

Comments on Funding:

1. Funding takes the form of a tax credit.
2. Large corporations can claim up to 9.5% on manufacturing and processing profits earned in the Yukon.
3. Small corporations can claim up to 0.5% on manufacturing and processing profits earned in the Yukon.

From January 1, 2021, the small business tax rate was reduced to 0%. As a result, the manufacturing and processing profits tax credit no longer applies to small corporations.

Deadline:

Rolling deadline

Eligibility:

Applicants must:

1. Be a corporation manufacturing and processing in the Yukon.

Application Steps:

Applicants must:

1. Call at Phone: 1-866-841-1876 (note: they must be within the Yukon’s 867 area code) for application details.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Link Guide:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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