Territories -> Yukon -> Tax Rates -> 2018 & 2019 Marginal Tax Rates -> Yukon
Yukon 2019 and 2018 Personal Marginal Income Tax Rates
The Federal and Yukon tax brackets and personal tax credits are increased for 2019 by an indexation factor of 1.022, except for the Yukon amount of $500,000, which is equal to the corporate small business limit. Yukon uses the Federal tax brackets for their first 3 tax brackets. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
Yukon's top tax rate is now set at 15%, effective January 1, 2017, instead of being equal to the general corporate tax rate.
The 2018/2019 rate for eligible dividends reflects the change in the Yukon enhanced dividend tax credit rate resulting from the reduction of the general corporate income tax rate to 12% effective July 1, 2017.
The 2018/2019 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the changes in the gross-up rate for 2018 and 2019, as announced in the October 24, 2017 Fall Economic Statement, as well as the reduction in the Yukon small business corporate tax rate effective July 1, 2017. The Yukon legislation automatically adjusts the dividend tax credit based on these changes. The change in their small business tax rate effective July 1, 2017 revised the dividend tax credit rate effective January 1, 2018.
Please read the article Understanding the Tables of Personal Income Tax Rates.
| Yukon Personal Income Tax Brackets and Tax Rates | |||||||||
| 2019 Taxable Income | 2019 Tax Rates | 2018 Taxable Income | 2018 Tax Rates | ||||||
| first $47,630 | 6.40% | first $46,605 | 6.40% | ||||||
| over $47,630 up to $95,259 | 9.00% | over $46,605 up to $93,208 | 9.00% | ||||||
| over $95,259 up to $147,667 | 10.90% | over $93,208 up to $144,489 | 10.90% | ||||||
| over $147,667 up to $500,000 | 12.80% | over $144,489 up to $500,000 | 12.80% | ||||||
| over $500,000 | 15.00% | over $500,000 | 15.00% | ||||||
| Combined Federal & Yukon Tax Brackets and Tax Rates | |||||||||
| 2019 Taxable Income | 2019 Marginal Tax Rates | 2018 Taxable Income | 2018 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $47,630 | 21.40% | 10.70% | -7.78% | 11.58% | first $46,605 | 21.40% | 10.70% | -7.78% | 10.57% |
| over $47,630 up to $95,259 | 29.50% | 14.75% | 3.40% | 20.90% | over $46,605 up to $93,208 | 29.50% | 14.75% | 3.40% | 19.96% |
| over $95,259 up to $147,667 | 36.90% | 18.45% | 13.61% | 29.41% | over $93,208 up to $144,489 | 36.90% | 18.45% | 13.61% | 28.55% |
| over $147,667 up to $210,371 | 41.80% | 20.90% | 20.37% | 35.04% | over $144,489 up to $205,842 | 41.80% | 20.90% | 20.37% | 34.23% |
| over $210,371 up to $500,000 | 45.80% | 22.90% | 25.89% | 39.64% | over $205,842 up to $500,000 | 45.80% | 22.90% | 25.89% | 38.87% |
| over $500,000 | 48.00% | 24.00% | 28.93% | 42.17% | over $500,000 | 48.00% | 24.00% | 28.93% | 41.42% |
| Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15% in 2019, and 16% in 2018. For more information see Yukon Dividend Tax Credits. |
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| Yukon Basic Personal Amount | |||||||||
| 2019 Personal Amount | 2019 Tax Rate | 2018 Personal Amount | 2018 Tax Rate | ||||||
| $12,069 | 6.40% | $11,809 | 6.40% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2019 Personal Amount | 2019 Tax Rate | 2018 Personal Amount | 2018 Tax Rate | ||||||
| $12,069 | 15% | $11,809 | 15% | ||||||
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Revised: October 26, 2023