ARCHIVED - Information for Residents of Yukon

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All the information you need to calculate your Yukon tax and credits is included on the following pages. You will find two copies of Form YT428, Yukon Tax , Form YT432, Yukon First Nations Tax , and Form YT479, Yukon Credits , in this book. Complete the forms that apply to you and attach a copy to your return.

What's new for 2004?

The territorial non-refundable tax credits and the income levels you use to calculate your territorial tax have been indexed to match the federal amounts. This reduces the amount of territorial tax you pay.

Form YT428, Yukon Tax , reflects 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 a single 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 2004 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 2005.

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 an agreeing 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 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, 2nd Avenue
P.O. 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) Web site at www.cra.gc.ca 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, visit the CRA Web site at www.cra.gc.ca/forms or call 1-800-959-2221.

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