ARCHIVED - Information for Residents of Yukon

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All the information you need to calculate your Yukon tax and credits can be found in the publication called Completing your Yukon forms.

Complete the following forms that apply to you: Form YT428, Yukon Tax, Form YT432, Yukon First Nations Tax, and Form YT479, Yukon Credits, and attach a copy to your return.

What's new for 2006?

The income levels and most of the non-refundable tax credits used to calculate your territorial income tax have changed.

There is a new non-refundable tax credit for employees. They can claim the Canada employment amount.

In addition, a new non-refundable tax credit for the cost of public transit passes has been introduced by Yukon.

Yukon parents can claim up to $10,220 in expenses for adopting a child less than 18 years of age.

The calculation for the Yukon dividend tax credit has changed and can be found on the Territorial Worksheet.

The maximum mineral exploration tax credit is $300,000 in respect of eligible mineral exploration expenses incurred after March 31, 2006.

Members of the Kwanlin Dun settlement lands may now claim the Yukon First Nations income tax credit.

Form YT428, Yukon Tax, Form YT479, Yukon Credits, and Form YT432, Yukon First Nations Tax, reflect these changes.

Yukon Child Benefit

The Yukon Child Benefit (YCB) is a non-taxable monthly payment to help low- and modest-income families with the cost of raising children under age 18. Benefits are combined with the Canada Child Tax Benefit (CCTB) into one monthly payment.

Under the YCB, you may be entitled to get a benefit of $37.50 per month for each child. Families with net income above $25,000 may get part of the benefit.

You do not have to apply separately to get payments under this program. We will use the information from your CCTB application to determine your eligibility for the program.

File your tax return - You (and your spouse or common-law partner) should file your 2006 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will get starting in July 2007.

This program is funded by Yukon with a contribution from Indian and Northern Affairs Canada on behalf of Status Indian children. For more information, call 1-800-387-1193.

Did you reside on Yukon First Nations settlement land?

If you resided on settlement land of a Self-Governing Yukon First Nation at the end of the year, enter the First Nation name and identification number on page 1 of your return.

Complete Form YT432, Yukon First Nations Tax, to determine the part of federal and territorial tax that is transferred to the Self-Governing Yukon First Nation government responsible for the settlement land where you resided. Attach a completed copy to your paper return.

If you have questions…

If you have questions about Yukon tax credits, contact:

Department of Finance
Government of Yukon
3rd floor, 2071-2^nd Avenue
P.O. Box 2703
Whitehorse YT Y1A 2C6

Call: 867- 667-5343, or 1-800-661-0408

If you need more help about Yukon tax after you read the publication called Completing your Yukon forms, call the Canada Revenue Agency (CRA) at 1-800-959-8281.

If you have questions about Yukon First Nations Tax, call the CRA at 1-800-367-9058 (available in area codes 867 and 250).

To get forms, visit the CRA Forms and publications page or call 1-800-959-2221.