Yukon Individual Tax Credits Directory (2024)
Explore all the major Yukon tax credits and benefits available to individuals and families for the 2023 and 2024 tax years. This directory covers family and child benefits, supports for seniors, students, renters, and those with health or disability needs, plus unique Yukon credits. Find eligibility rules, claim tips, calculation examples, and practical guidance to help you maximize your Yukon and Canada-wide tax benefits.
Yukon Family & Child Benefits
Yukon residents with dependent children may be eligible for a range of credits and benefits that help reduce taxes and increase after-tax income. The main programs include:
- Yukon Child Benefit: A monthly, income-tested payment for low- and moderate-income families with children under 18. Eligibility: Yukon resident with children under 18 and net family income under $35,000 for maximum benefit; phased out above.
- Canada Child Benefit (CCB): Federal benefit for families with children, administered jointly with Yukon. Eligibility: Canadian resident with children under 18, based on income and number/age of children.
- Child Care Expense Deduction: Deduct eligible childcare costs to enable parents to work or attend school. Eligibility: Parent/guardian working, studying, or running a business; must have receipts with provider’s SIN.
How to Claim
- Yukon Child Benefit & CCB: File your Yukon and federal tax returns every year and ensure your child is registered with the CRA. No separate Yukon application is required.
- Child Care Expense Deduction: Claim on line 21400 of your federal return for eligible expenses (receipts required).
Calculation Example
Example 1: The Martins, a family with two children (ages 3 and 7), net income $29,000, receive the full Yukon Child Benefit of $1,200/year. They also receive about $9,000/year in CCB. With $4,200 in annual childcare expenses, they claim the federal deduction, saving approx. $630 in tax (15% rate).
Example 2 (Stacking): A single parent with $25,000 income and one child receives Yukon Child Benefit, CCB, and claims $3,000 of childcare deduction, reducing both federal and territorial taxes. If the child is disabled, the parent may also claim the federal and Yukon disability credits.
Documentation
- Keep all childcare receipts (with provider’s name, address, and SIN).
- File returns on time; update CRA with family changes promptly.
Yukon Seniors' Credits
Yukon offers tax relief and supports for seniors, in addition to federal credits. These include:
- Yukon Age Amount: Additional non-refundable tax credit for residents aged 65+ at year-end. Eligibility: Yukon resident, age 65+, income-tested (max at net income ≤ $41,935; phased out above).
- Pension Income Amount: Tax relief for eligible pension income. Eligibility: Receive qualifying pension income (e.g. RRIF, employer pension).
- Home Owners Grant (Yukon): For seniors who own and occupy their home; reduces property taxes. Eligibility: Age 65+, Yukon resident, principal residence in Yukon.
How to Claim
- Yukon Age Amount: Claimed on Yukon Schedule YT428, line 5808; income-tested.
- Pension Income Amount: Claimed on line 31400 of federal return; applies to both returns.
- Home Owners Grant: Apply through your municipal government or Yukon property tax office annually. Attach proof of age and address.
Calculation Example
Example: If your net income is $43,000, excess = $1,065; reduction = $159.75 (15% x excess); max age amount minus reduction gives your credit. If a couple splits pension income, both may claim.
Documentation
- Keep T4A, T4OAS, and other pension slips.
- Keep Home Owners Grant approval, property tax bill, and proof of age.
Yukon Student & Education Credits
Students in Yukon benefit from:
- Yukon Tuition Amount: Non-refundable credit for post-secondary tuition paid to eligible institutions. Eligibility: Yukon resident, paid eligible tuition (with T2202 slip).
- Canada Training Credit: Refundable federal credit for eligible training fees. Eligibility: Working Canadian, aged 26–65, with eligible earnings.
- Student Loan Interest Credit: Claim interest paid on government student loans. Eligibility: Interest on Canada/Yukon student loans only.
How to Claim
- Report tuition on Yukon return (YT(S11)) using T2202 from your school.
- Canada Training Credit: Claim on federal return, line 45350; check your notice of assessment for accrual.
- Loan interest: Claim on line 31900 (federal) and Yukon equivalent. Carry forward unused credit up to 5 years.
Example: Tuition Credit Calculation
Emma pays $5,000 in tuition. Yukon Tuition Amount is 5.4%: $5,000 x 5.4% = $270 Yukon tax reduction; plus federal credit ($5,000 x 15% = $750). If Emma has no tax payable, she can transfer up to $5,000 to a parent/spouse or carry forward the rest.
Documentation
- Keep T2202 tuition slips, loan interest statements, and transfer authorization forms.
Yukon Renters' Credits
There is currently no direct Yukon renters' tax credit. However, renters may qualify for:
- GST/HST Credit: Federal quarterly payment for low/moderate-income individuals and families. Eligibility: File your tax return; based on income/family size. No application.
- Canada Housing Benefit: Targeted payments for low-income renters (eligibility varies by year/program; apply through federal/provincial portals).
Claim Tip: File your return annually and keep rent receipts/lease agreements for proof if requested by CRA or for housing assistance.
Yukon Disability & Health Credits
The Yukon disability and health-related credits help reduce the tax burden for individuals with disabilities or major health expenses. Key supports include:
- Yukon Disability Amount: Non-refundable credit for those eligible for the federal Disability Tax Credit (DTC). Eligibility: Approved for DTC (CRA Form T2201, certified by a medical professional).
- Medical Expense Tax Credit: Claim eligible medical expenses above the lesser of 3% of net income or $2,635 (2024). Eligibility: Out-of-pocket, unreimbursed expenses for yourself or dependents.
- Caregiver Amount: For those supporting an eligible dependent with a disability. Eligibility: Support for spouse/child/parent with mental or physical impairment; income-tested for dependent.
How to Claim
- Disability Amount: Claim on Yukon Schedule YT428, line 58440; must have CRA DTC approval.
- Medical Expenses: Claim on line 58740 (Yukon) and 33099 (federal). Keep receipts for all expenses.
- Caregiver Amount: Enter on Yukon and federal returns; keep records of support and medical forms.
Scenario: Disability Credit and Medical Expenses
Alex, a Yukon resident, is approved for the DTC and has $4,000 in eligible medical expenses. He claims:
- Yukon Disability Amount: reduces Yukon taxes by ~$1,400 (indexed annually).
- Medical Expense Tax Credit: $4,000 – $2,000 threshold = $2,000 eligible; 5.4% Yukon rate = $108 tax reduction.
- He also claims federal medical/disability credits for further savings.
Documentation
- Keep Form T2201 (for DTC), all medical receipts, doctor’s letters, and proof of support.
Other Unique Yukon Credits & Benefits
- Yukon Carbon Tax Rebate: Annual payment to offset federal carbon tax, delivered through the income tax system. Eligibility: Yukon resident, based on tax return.
- Volunteer Firefighter/First Responder Credit: Non-refundable credit for eligible volunteers (see Yukon line 58315). Eligibility: Minimum 200 hours of service; get official confirmation.
- Climate Action and Energy Rebates: Special programs for home energy retrofits or electric vehicles (see Yukon government site). Eligibility: Yukon resident, receipts for qualifying upgrades.
Claim Tip: Keep all receipts, certificates, and supporting documents for at least 6 years for audit or program review.
Audit Risk, Common Errors & Best Practices for Yukon Credits
- Documentation: Always keep original receipts for childcare, tuition, rent, medical, and volunteer service for at least 6 years. CRA and Yukon may audit claims at any time.
- Common Errors: Forgetting to file or update family status, missing receipts or T2202s, double-claiming credits between spouses, or not updating address with CRA.
- Audit Triggers: Unusually high claims (rent, medical), missing T-slips, or inconsistent family information. Yukon volunteer credits may require signed letters.
- Best Practices: Use certified tax software, review all entries, and respond promptly to CRA or Yukon requests. For stacking, claim the federal credit first, then the Yukon credit for the same expense if allowed.
- Tip: If you move into or out of Yukon, claim credits for the territory where you resided on December 31.
FAQ & More Resources
How do I get the Yukon Child Benefit?
File your Yukon tax return each year. The benefit is calculated automatically based on your family income and children registered with the CRA.
Can I transfer unused tuition or disability credits in Yukon?
Yes. Like federal credits, unused Yukon tuition and disability amounts can be transferred to a parent, grandparent, spouse, or common-law partner, subject to limits and proper authorization forms.
How do I maximize stacking of Yukon and federal credits?
Claim the federal credit (tuition, medical, childcare, disability) first, then claim the Yukon equivalent. You can often combine both for the same expense, but cannot double-claim on the same line. Review Yukon and CRA schedules for each credit.
What if I forget to claim a Yukon credit?
You can request a change using CRA’s ReFILE or T1-ADJ for up to 10 years. Attach all receipts and documentation.
How do I prove volunteer hours for the firefighter/first responder credit?
Obtain a letter or certificate from your fire department or emergency service confirming your 200+ hours of eligible service.
Are digital receipts accepted for audits?
Yes, digital/scanned receipts are accepted as long as they are legible, complete, and can be matched to your claim. Keep originals if possible.
If I move to Yukon, when am I eligible for credits?
You must be a Yukon resident on December 31 to claim most Yukon tax credits for that year (except for moving expenses, which follow different rules).