ARCHIVED - Information for Residents of Yukon

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General information

Yukon child benefit

The Yukon child benefit is a non-taxable amount paid monthly to help low- and modest-income families with the cost of raising children under 18 years of age. This amount is combined with the Canada child tax benefit into a single monthly payment.

For more information on the payment amounts, see Booklet T4114, Canada Child Benefits.

File your tax return – You (and your spouse or common-law partner) should file your 2013 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 2014.

This program is funded by Yukon with a contribution from Aboriginal Affairs and Northern Development Canada on behalf of 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 calculate 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 copy to your return.

Completing your Yukon forms

You can download and print a copy of Form YT428, Yukon Tax , Form YT479, Yukon Credits, and Form YT432, Yukon First Nations Tax, which you need to calculate your Yukon tax and credits. Complete the forms that apply to you, and attach a copy to your return.

The following information will help you complete Form YT428, Form YT479, and Form YT432.

The terms spouse and common-law partner are defined in the General Income Tax and Benefit Guide.

The term end of the year means December 31, 2013, the date you left Canada if you emigrated in 2013, or the date of death for a person who died in 2013.

Form YT428, Yukon Tax

Complete Form YT428 if you were a resident of Yukon at the end of the year.

If you had income from a business (including income you received as a limited or non-active partner), and the business has a permanent establishment outside of Yukon, complete Form T2203, Provincial and Territorial Taxes for 2013 - Multiple Jurisdictions, instead of completing Form YT428.

You also have to complete Form YT428 if you were a non-resident of Canada in 2013 and you earned income from employment in Yukon or received income from a business with a permanent establishment only in Yukon.

Step 1 – Yukon non-refundable tax credits

The eligibility criteria and rules for claiming the Yukon non-refundable tax credits are the same as for the federal non-refundable tax credits. In addition, the value and calculation of many of the Yukon non-refundable tax credits are the same as the corresponding federal credits.

Newcomers to Canada and emigrants

If you prorated any of the amounts you claimed on lines 300, 301, 303, 305, 367, 306, 315, 316, 318, 324, and 326 of your federal Schedule 1, you have to prorate the corresponding territorial amounts on lines 5804, 5808, 5812, 5816, 5825, 5820, 5840, 5844, 5848, 5860, and 5864.

Line 5804 – Basic personal amount

Claim $11,038.

Line 5808 – Age amount

You can claim this amount if you met the rules for claiming the amount on line 301 of federal Schedule 1. Enter on line 5808 the amount you claimed on line 301 of your federal Schedule 1.

Line 5812 – Spouse or common-law partner amount

You can claim this amount if the rules are met for claiming the amount on line 303 of federal Schedule 1. Enter on line 5812 the amount you claimed on line 303 of your federal Schedule 1.

Line 5816 – Amount for an eligible dependant

You can claim this amount if the rules are met for claiming the amount on line 305 of federal Schedule 1. Enter on line 5816 the amount you claimed on line 305 of your federal Schedule 1.

Line 5825 – Amount for children born in 1996 or later

You can claim this amount if the rules are met for claiming the amount on line 367 of federal Schedule 1. Enter on line 5825 the amount you claimed on line 367 of your federal Schedule 1.

Line 5820 – Amount for infirm dependants age 18 or older

You can claim this amount if the rules are met for claiming the amount on line 306 of federal Schedule 1. Enter on line 5820 the amount you claimed on line 306 of your federal Schedule 1.

Line 5824 – CPP or QPP contributions through employment

Enter on this line the amount you claimed on line 308 of your federal Schedule 1.

Line 5828 – CPP or QPP contributions on self-employment and other earnings

Enter on this line the amount you claimed on line 310 of your federal Schedule 1.

Line 5832 – Employment insurance premiums through employment

Enter on this line the amount you claimed on line 312 of your federal Schedule 1.

Line 5829 – Employment insurance premiums on self-employment and other eligible earnings

Enter on this line the amount you claimed on line 317 of your federal Schedule 1.

Line 5834 – Canada employment amount

You can claim this amount if you met the rules for claiming the amount on line 363 of federal Schedule 1. Enter on line 5834 the amount you claimed on line 363 of your federal Schedule 1.

Line 5835 – Public transit amount

You can claim this amount if you met the rules for claiming the amount on line 364 of federal Schedule 1. Enter on line 5835 the amount you claimed on line 364 of your federal Schedule 1.

Line 5838 – Children's fitness amount

You can claim this amount if the rules are met for claiming the amount on line 365 of federal Schedule 1. Enter on line 5838 the amount you claimed on line 365 of your federal Schedule 1.

Line 5841 – Children's arts amount

You can claim this amount if the rules are met for claiming the amount on line 370 of federal Schedule 1. Enter on line 5841 the amount you claimed on line 370 of your federal Schedule 1.

Line 5833 – Adoption expenses

You can claim this amount if the rules are met for claiming the amount on line 313 of federal Schedule 1. Enter on line 5833 the same amount that you entered on line 313 of your federal Schedule 1.

Line 5836 – Pension income amount

You can claim this amount if you met the rules for claiming the amount on line 314 of federal Schedule 1. Enter on line 5836 the amount you claimed on line 314 of your federal Schedule 1.

Line 5840 – Caregiver amount

You can claim this amount if the rules are met for claiming the amount on line 315 of federal Schedule 1. Enter on line 5840 the amount you claimed on line 315 of your federal Schedule 1.

Line 5844 – Disability amount (for self)

You can claim this amount if you met the rules for claiming the amount on line 316 of federal Schedule 1. Enter on line 5844 the amount you claimed on line 316 of your federal Schedule 1.

Line 5848 – Disability amount transferred from a dependant

You can claim this amount if the rules are met for claiming the amount on line 318 of federal Schedule 1. Enter on line 5848 the amount you claimed on line 318 of your federal Schedule 1.

Line 5852 – Interest paid on your student loans

Enter on this line the amount you claimed on line 319 of your federal Schedule 1.

Line 5856 – Your tuition, education, and textbook amounts

Complete Schedule YT(S11), Territorial Tuition, Education, and Textbook Amounts.

Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, attach your completed Schedule YT(S11), but do not send your other documents. Keep all your documents in case we ask to see them at a later date.

Transferring and carrying forward amounts

You may not need all of your 2013 tuition, education, and textbook amounts to reduce your territorial income tax to zero. In this case, you can transfer all or some of the unused part to one person, either your spouse or common-law partner (who would claim it on line 5864) or your or your spouse's or common-law partner's parent or grandparent (who would claim it on line 5860).

You can only transfer an amount to your parent or grandparent, or your spouse's or common-law partner's parent or grandparent, if your spouse or common-law partner does not claim an amount for you on line 5812 or 5864.

Complete the "Transfer/Carryforward of unused amount" section of Schedule YT(S11) to calculate the territorial amount available to transfer, as well as Form T2202A, Tuition, Education, and Textbook Amounts Certificate, TL11A, Tuition, Education, and Textbook Amounts Certificate - University Outside Canada, TL11B, Tuition, Education, and Textbook Amounts Certificate - Flying School or Club, or TL11C, Tuition, Education, and Textbook Amounts Certificate - Commuter to the United States, to designate who can claim the transferred amount and to specify the amount this person can claim.

This amount may be different from the amount calculated for the same person on your federal Schedule 11. Enter the territorial amount you are transferring on line 24 of your Schedule YT(S11).

Complete the “Transfer/Carryforward of unused amount” section of Schedule YT(S11) to calculate the amount you can carry forward to a future year. This amount corresponds to the part of your tuition, education, and textbook amounts you do not need to use (and do not transfer) for the year.

Line 5860 – Tuition, education, and textbook amounts transferred from a child

You can claim these amounts if the rules are met for claiming the amount on line 324 of federal Schedule 1.

Enter on line 5860 the total of all territorial amounts that each student has transferred to you as shown on his or her Form T2202A, TL11A, TL11B, or TL11C.

Supporting documents – If you are filing electronically or filing a paper return, do not send any documents. Keep all your documents in case we ask to see them at a later date. The student must attach Schedule YT(S11) to his or her paper return.

Line 5864 – Amounts transferred from your spouse or common-law partner

You can claim these amounts if the rules are met for claiming the amount on line 326 of federal Schedule 1.

Complete Schedule YT(S2), Territorial Amounts Transferred From Your Spouse or Common-Law Partner, and attach a copy to your return.

Line 5868 – Medical expenses for self, spouse or common-law partner, and your dependent children born in 1996 or later

The medical expenses you can claim on line 5868 are the same as those you can claim on line 330 of your federal Schedule 1. They have to cover the same 12-month period ending in 2013, and no one claimed them on a 2012 return.

Line 5872 – Allowable amount of medical expenses for other dependants

In addition to the medical expenses claimed on line 5868, you can claim medical expenses for other dependants.

The medical expenses you can claim on line 5872 are the same as those you can claim on line 331 of your federal Schedule 1. They have to cover the same 12-month period ending in 2013, and no one claimed them on a 2012 return.

Line 5896 – Donations and gifts

Enter the amounts from lines 345 and 347 of your federal Schedule 9 and multiply them by the rates on lines 32 and 33 of Form YT428.

Step 2 – Yukon tax on taxable income

Enter on line 36 your taxable income from line 260 of your return. Complete the appropriate column depending on the amount entered.

Step 3 – Yukon tax

Line 45 – Yukon tax on split income

If you have to pay federal tax on split income on line 424 of your federal Schedule 1, complete Part 2 of Form T1206, Tax on Split Income, to calculate the Yukon tax that applies to this income. Form T1206 also contains a special rule that applies to the amount you enter on line 428 of your return.

For more information on tax split income, see the General Income Tax and Benefit Guide.

Line 53 – Yukon additional tax for minimum tax purposes

If you have to pay federal minimum tax as calculated on Form T691, Alternative Minimum Tax, you will have to determine your Yukon additional tax for minimum tax purposes.

To do this, complete the calculation on line 53 of Form YT428.

For more information on minimum tax, see the General Income Tax and Benefit Guide.

Line 61 – Territorial foreign tax credit

If your federal foreign tax credit on non-business income is less than the related tax you paid to a foreign country, you may be eligible to claim a territorial foreign tax credit.

To claim the credit, complete Form T2036, Provincial or Territorial Foreign Tax Credit.

Enter, on line 61 of Form YT428, the tax credit amount from line 5 of Form T2036.

Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, attach your Form T2036.

Lines 64 to 77 – Yukon low-income family tax credit

This credit reduces Yukon tax by up to $300 for low-income individuals and families who were resident in Yukon at the end of the year. Complete the calculation of your adjusted net income at lines 64 to 68 of Form YT428. You can claim this credit if your adjusted net income is less than $25,000.

If you had a spouse or common-law partner on December 31, 2013, only the person with the higher net income can claim this credit.

If you both had the same net income, you and your spouse or common-law partner must decide who will claim the tax credit, as only one of you can make this claim.

If you are completing this return for a person who died in 2013, you can claim this credit for the person if he or she otherwise qualifies.

Form YT479, Yukon Credits

Lines 1 to 4 – Yukon political contribution tax credit

You can deduct part of the contributions you made in 2013 to a registered Yukon political party or to a candidate seeking election to the Yukon Legislative Assembly.

How to claim

Enter your total contributions on line 1 of Form YT479, and calculate the amount to enter on line 2 as follows:

• For contributions of more than $1,150, enter $500 on line 2.
• For contributions of $1,150 or less, complete the calculation for line 2 on the Territorial Worksheet.

Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, for each contribution, attach the official receipt signed by an official agent of the political party or candidate.

Lines 5 to 14 – Small business investment tax credit

You can claim this credit if, at the end of the year, you were a resident of Yukon and you were 19 years of age or older.

The credit is equal to 25% of the value of eligible shares and subordinated debt that you invested in eligible Yukon businesses in 2013 (that you did not claim on your 2012 return) or in the first 60 days of 2014.

Enter on line 5 of Form YT479, the amount of the tax credit shown on Certificate YSBITC-1, Small Business Corporation Investment Tax Credit (issued by the Yukon government).

Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, attach your YSBITC-1 certificate.

Unused small business investment tax credit

You can carry forward your unused small business investment tax credits for seven years or carry them back three years.

Any unused tax credit is shown on your most recent notice of assessment or notice of reassessment. Enter any unused credit from previous years on line 6 of Form YT479 to reduce your 2013 Yukon tax. The maximum amount available is $25,000 per year. This limit includes any carryover amount.

You may not need all of your credit to reduce your 2013 territorial income tax to zero. Complete the calculation for lines 12 to 14 on the Territorial Worksheet to determine any unused credit available to carry back to previous years.

Lines 15 to 24 – Labour-sponsored venture capital corporation tax credit

You can claim a credit equal to 25% of eligible investments you made in the Fireweed Fund Corporation in 2013 (that you did not claim on your 2012 return) or in the first 60 days of 2014. The maximum annual credit is $1,250.

If the investment was made into a spousal or common-law partner registered retirement savings plan (RRSP), you or your spouse or common-law partner may claim the tax credit.

Enter, on line 15 of Form YT479, the amount of the tax credit shown on the tax credit certificate you received from the Fireweed Fund Corporation.

Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, attach your certificate.

Unused labour-sponsored venture capital corporation tax credit

You can carry forward your unused labour-sponsored venture capital corporation tax credits for seven years or carry them back three years.

Any unused tax credit is shown on your most recent notice of assessment or notice of reassessment. Enter any unused credit from previous years on line 16 of Form YT479 to reduce your 2013 Yukon tax.

You may not need all of your credit to reduce your 2013 territorial income tax to zero. Complete the calculation for lines 22 to 24 on the Territorial Worksheet to determine any unused credit available to carry back to previous years.

Line 25 – Research and development tax credit

You can claim this credit if you were a resident of Yukon at the end of the year and you made eligible expenditures in the tax year for scientific research and experimental development carried out in Yukon.

To claim the credit, complete Form T1232, Yukon Research and Development Tax Credit (Individuals).

Enter, on line 25 of Form YT479, the tax credit from line 8 of Form T1232.

Supporting documents – If you are filing electronically, keep all your documents in case we ask to see them at a later date. If you are filing a paper return, attach your Form T1232.

Line 27 – Yukon First Nations income tax credit

If you resided within the settlement land of a self-governing Yukon First Nation at the end of the year, complete Form YT432, Yukon First Nations Tax.

This form contains all the information about this credit.

For more information

If you have questions about Yukon tax credits, contact:

Department of Finance
Government of Yukon
2071 2nd Avenue, 3rd floor
Post Office Box 2703
Whitehorse YT Y1A 2C6

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

If you have questions about Yukon tax, visit the Canada Revenue Agency (CRA) website or call the 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, go to Forms and publications.