Yukon’s Carbon Price Rebate Program: General Business Rebate
No fixed amount
Rebate
Description:
The Yukon Carbon Price Rebate Program helps Yukon businesses offset the cost of carbon pricing. Businesses that file a tax return in the territory receive a rebate from the Yukon government, administered by the Canada Revenue Agency (CRA). To ensure fairness, the program analyzes fuel consumption trends to estimate carbon levy payments for different business groups. This ensures that, on average, businesses get more back in rebates than they pay in levies.
The general business rebate is issued as a refundable credit. The rebate is assessed through your tax return and administered by the Canada Revenue Agency (CRA).
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must be:
1. is a Yukon business;
2. files a tax return in the Yukon; and
3. has not applied for a placer or quartz mining rebate.
Companies involved in exploration projects are also eligible for the general business rebate.
Eligiible Assets:
– Buildings: classes 1 and 3
– Equipment: classes 10, 10.1, 13, 16, 22, 28, 29, 38, 39, 40, 43 and 53
– Assets eligible for a Super Green Credit: classes 43.1, 43.2, 54, 55, and 56 “
Application Steps:
Applicants must:
1. Contact CRA for T1 tax return applications:
a) Phone 1-800-959-8281.
b) If you’re within the Yukon’s 867 area code, you can phone the CRA Northern Service Centre 1-866-426-1527.
2. For T2 tax return applications:
a) Phone 1-800-959-5525.
b) If you’re within the Yukon’s 867 area code, you can phone the CRA Northern Service Centre for businesses 1-866-841-1876.
Documentation Needed:
Applicants must submit their respective income tax returns:
1. Corporations: T2 corporation income tax return.
2. Individuals with unincorporated businesses: T1 income tax return.
3. Trusts: Refer to the T3 Trust Guide (Canada.ca), for the required documentation.
Other Things to Note:
About the author
Maurice
