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Yukon Personal Tax Rates

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Territories   ->   Yukon
Tax Rates   ->   Current Marginal Tax Rates -> Yukon

Yukon 2020 and 2019 Personal Marginal Income Tax Rates

The Federal and Yukon tax brackets and personal tax credits are increased for 2020 by an indexation factor of 1.019, 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 not yet been confirmed to Canada Revenue Agency information.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Yukon Personal Income Tax Brackets and Tax Rates

2020 Taxable Income 2020 Tax Rates 2019 Taxable Income 2019 Tax Rates
first $48,535 6.40% first $47,630 6.40%
over $48,535 up to $97,069 9.00% over $47,630 up to $95,259 9.00%
over $97,069 up to $150,473 10.90% over $95,259 up to $147,667 10.90%
over $150,473 up to $500,000 12.80% over $147,667 up to $500,000 12.80%
over $500,000 15.00% over $500,000 15.00%

Combined Federal & Yukon Tax Brackets and Tax Rates

2020 Taxable Income 2020 Marginal Tax Rates 2019 Taxable Income 2019 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $48,535 21.40% 10.70% -7.78% 11.58% first $47,630 21.40% 10.70% -7.78% 11.58%
over $48,535 up to $97,069 29.50% 14.75% 3.40% 20.90% over $47,630 up to $95,259 29.50% 14.75% 3.40% 20.90%
over $97,069 up to $150,473 36.90% 18.45% 13.61% 29.41% over $95,259 up to $147,667 36.90% 18.45% 13.61% 29.41%
over $150,473 up to $214,368 41.80% 20.90% 20.37% 35.04% over $147,667 up to $210,371 41.80% 20.90% 20.37% 35.04%
over $214,368 up to $500,000 45.80% 22.90% 25.89% 39.64% over $210,371 up to $500,000 45.80% 22.90% 25.89% 39.64%
over $500,000 48.00% 24.00% 28.93% 42.17% over $500,000 48.00% 24.00% 28.93% 42.17%

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 2020, and 16% in 2019.
For more information see Yukon Dividend Tax Credits.

Yukon Basic Personal Amount

2020 Personal Amount 2020 Tax Rate 2019 Personal Amount 2019 Tax Rate
$12,298 6.40% $12,069 6.40%

Federal Basic Personal Amount

2020 Personal Amount 2020 Tax Rate 2019 Personal Amount 2019 Tax Rate
$12,298 15% $12,069 15%
 

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: October 18, 2019

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

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