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Tax Rates   ->   Current Marginal Tax Rates -> Yukon

Yukon 2023 and 2022 Tax Rates & Tax Brackets

The Federal and Yukon tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase), 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.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The indexation factors, tax brackets and tax rates for 2023 have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator.

TaxTips.ca - Yukon Tax Rates
2023 Taxable Income 2023 Tax Rates 2022 Taxable Income 2022 Tax Rates
first $53,359 6.40% first $50,197 6.40%
over $53,359 up to $106,717 9.00% over $50,197 up to $100,392 9.00%
over $106,717 up to $165,430 10.90% over $100,392 up to $155,625 10.90%
over $165,430 up to $235,675 12.93% over $155,625 up to $221,708 12.96%
over $235,675 up to $500,000 12.80% over $221,708 up to $500,000 12.80%
over $500,000 15.00% over $500,000 15.00%

 

TaxTips.ca - Combined Federal & Yukon Tax Brackets and Tax Rates
2023 Taxable Income (1) YT 2023 Marginal Tax Rates 2022 Taxable Income (1) YT 2022 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $53,359 21.40% 10.70% -7.78% 13.45% first $50,197 21.40% 10.70% -7.78% 13.45%
over $53,359 up to $106,717 29.50% 14.75% 3.40% 22.77% over $50,197 up to $100,392 29.50% 14.75% 3.40% 22.77%
over $106,717 up to $165,430 36.90% 18.45% 13.61% 31.28% over $100,392 up to $155,625 36.90% 18.45% 13.61% 31.28%
over $165,430 up to $235,675 42.25% 21.13% 20.99% 37.43% over $155,625 up to $221,708 42.34% 21.17% 21.11% 37.53%
over $235,675 up to $500,000 45.80% 22.90% 25.89% 41.51% over $221,708 up to $500,000 45.80% 22.90% 25.89% 41.51%
over $500,000 48.00% 24.00% 28.93% 44.04% over $500,000 48.00% 24.00% 28.93% 44.04%
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%.
For more information see Yukon Dividend Tax Credits.
Copyright © 2002 Boat Harbour Investments Ltd.
TaxTips.ca
Yukon Basic Personal Amount
2023 Personal Amount (1) 2023 Tax Rate 2022 Personal Amount (1) 2022 Tax Rate
$15,000 6.40% $14,398 6.40%
Federal Basic Personal Amount
2023 Personal Amount (1) 2023 Tax Rate 2022 Personal Amount (1) 2022 Tax Rate
$15,000 15% $14,398 15%

(1) See the federal tax rates page for information on the enhanced federal and Yukon basic personal amounts (BPAs), which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket.  The marginal tax rates in blue above have been adjusted to reflect these changes.

The Yukon BPA mirrors the changes in the federal BPA.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: November 30, 2022

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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