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Yukon 2015 and 2016 Personal Marginal
Income Tax Rates
The Federal tax rates for 2016 are as per Bill
C-2 tabled in December 2015. The Yukon tax brackets and personal tax credits were increased for
2016 by an indexation factor of 1.013, except for the Yukon amount of
$500,000, which is equal to the corporate small business limit. Yukon uses the Federal indexation factor.
factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency
Yukon's top tax threshold, as per s. 6(2)(b) of their Income Tax Act, is equal
to the Small Business Limit. The top tax rate is equal to the Yukon
general corporate income tax rate.
The 2016 marginal tax rate for non-eligible dividends reflects the rate that is
in effect automatically due to the change in the gross-up rate and federal small
business corporate income tax rate for 2016.
The Yukon legislation automatically adjusts the dividend tax credit based on
& Yukon Tax Brackets and Tax Rates
Marginal Tax Rates
Marginal Tax Rates
over $45,282 up to
over $44,701 up to
over $90,563 up to $140,388
over $89,401 up to $138,586
over $140,388 up to
over $138,586 up to
over $200,000 up to $500,000
The 2015 income tax rates were
revised by the Yukon 2015 Budget - see Financial Information (pdf - see page 18), which
included cancellation of the surtax.
The dividend tax credit rate for non-eligible dividends is
automatically revised based on the lower small business corporate
income tax rate.
The dividend tax credit rates for both eligible & non-eligible
dividends are automatically revised based on the new highest income
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up 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
17% for 2016, 18% for 2015.
For more information see Yukon
Dividend Tax Credits.