How much funding can be received?

Funds up to 25% of admissible expenses, capped at $25000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Yukon Business Investment Tax Credit?

Yukon Business Investment Tax Credit is funded by Department of Finance (YK), Government of Yukon

Yukon Business Investment Tax Credit

YT, Canada

Investment Tax Credit in Yukon

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grant_single|openingDateJuly 01, 1999

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Tax Credits

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Manufacturing
Professional, scientific and technical services

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Department of Finance (YK)
Government of Yukon

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Attract Yukon investors to your organization by issuing shares in exchange for an agreed-upon return and an individual tax credit of 25% on the amount invested.

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$25,000

Halifax

Implementing a digital literacy program for seniors

$25,000

Vancouver

Establishing a community kitchen to provide meals to low-income families

$25,000

Toronto

Developing an eco-friendly packaging line for a local beverage company

$25,000

Ottawa

Establishing a solar panel installation service

$25,000

Calgary

Launching a mobile health clinic to serve remote communities around Calgary

$25,000

Montreal

Launching an art therapy program for youth at risk

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Eligibility criteria for this grant are as follows:

The investor must be 19 years of age or older.
The investor must be a Yukon resident on December 31 of the year in which the tax credit is claimed.
Eligible organizations must be incorporated private corporations with a permanent establishment in the Yukon, among other requirements.

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Here are the eligible types of companies for the grant:

Corporations manufacturing and processing in the Yukon
Large corporations meeting specific criteria
Small corporations meeting specific criteria

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There are evaluation and selection criteria for this grant. Applicants will be assessed based on the following criteria:

Investment in an eligible Yukon organization.
Applicant's age and residency status in Yukon.
Compliance with the Yukon Business Investment Tax Credit requirements.

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1-866-426-1527

Apply to this program

Yukon Business Investment Tax Credit

The Yukon Business Investment Tax Credit is a program that allows eligible investors in Yukon to receive a tax credit of 25% on the amount invested in eligible organizations. The maximum claim for a taxation year is $25,000.

Yukon Business Investment Tax Credit

The Yukon Business Investment Tax Credit is a valuable program that encourages investment in eligible Yukon organizations by providing a tax credit to eligible investors. This credit allows Yukon organizations to issue shares to Yukon investors in exchange for an agreed upon return and a tax credit of 25% on the amount invested. The maximum claim for a taxation year is $25,000, providing a significant incentive for investors to support local businesses. To be eligible for the Yukon Business Investment Tax Credit, investors must be 19 years of age or older and residents of Yukon on December 31 of the year in which the tax credit is claimed. Eligible Yukon organizations must be incorporated, maintain a permanent establishment in Yukon, have their head office located in Yukon, pay at least 25% of salaries and wages to Yukon residents, and not exceed $100 million in assets. The credit came into effect on July 1, 1999, and has been instrumental in fostering economic growth and supporting local businesses in Yukon. Unused amounts of the tax credit can be carried back three years or forward seven years, providing flexibility for investors to maximize the benefits of the program. Investors interested in participating in the Yukon Business Investment Tax Credit program can apply for the credit through eligible Yukon organizations. By leveraging this tax credit, investors can support the growth of Yukon businesses while also benefiting from a significant tax incentive. Overall, the Yukon Business Investment Tax Credit is a key initiative that promotes economic development, encourages investment in local organizations, and supports the business community in Yukon. Investors and eligible organizations alike can take advantage of this program to drive innovation, create opportunities for growth, and contribute to the prosperity of Yukon's economy.