Yukon political contribution tax credit

You can claim a non-refundable 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
  plus
• 50% of the next $350 contributed
  plus
• 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 the CRA asks for them later. The CRA can accept photocopies only if the issuer certifies them as true copies.

Forms and publications

• Schedule 5, Tax Calculation Supplementary – Corporations

Government partners

• Yukon (territorial site)