Yukon Manufacturing and Processing Profits Tax Credit

This grant offers benefits specific to the manufacturing and processing sector in Yukon. Eligible activities relate to the operations of corporations engaged in the manufacturing and processing within the territorial jurisdiction of Yukon.

Individuals and corporations in Yukon can apply for the various tax credits and benefits outlined. Specific eligibility criteria apply for different credits: Yukon residents can access the Yukon Child Benefit and First Nations Income Tax Credit if residing on settlement land of designated First Nations. For the Business Investment Tax Credit, Yukon residents aged 19 and older can invest in eligible Yukon organizations. Corporations, both large and small, involved in manufacturing and processing in Yukon can apply for related tax credits. Political contributions tax credit is available for contributions to recognized territorial parties or candidates. The research and development tax credit is open to Yukon residents and corporations conducting eligible research in the territory. For a foreign tax credit, individuals or corporations who've paid foreign income tax and are now paying Yukon taxes can apply. Each program or credit has specific criteria that must be met.

Some types of companies may not be eligible for the grant. For example, companies that do not meet the residency requirements or asset limits specified in the eligibility criteria may not qualify.

This grant outlines several tax credit initiatives aimed at supporting individuals and corporations in the Yukon. The eligible activities focus on investments, research and development, manufacturing, and political contributions.

This tax credit is available to corporations manufacturing and processing within the Yukon territory. The eligibility is region-specific, focusing on supporting local economic activities.