Yukon political contribution tax credit
You can claim a tax credit on contributions made to a registered political party or to a candidate for an election to the Yukon Legislative Assembly.
The Yukon political contribution tax credit for corporations matches the federal political contribution tax credit for individuals on an ongoing basis.
Currently, the annual maximum credit is $650 and is calculated as follows:
- 75% of the first $400 contributed
- 50% of the next $350 contributed
- 33 1/3% of the next $525 contributed
Claiming the credit
On line 897 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the total amount of qualifying contributions. On line 675, enter the amount of the credit you are claiming.
Receipts – You do not have to file official receipts with your return. However, keep them in case we ask for them later. We can only accept photocopies if the issuer certifies them as true copies.
Forms and publications
- Yukon (territorial site)
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