If you find yourself wishing there were more hours in day, you should check out Yukon. Also known as the “land of the midnight sun”, Yukon boasts almost continuous sun for three months a year.
Yukon has a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of Yukon compliment similar credits at the federal level, but there are many unique credits for residents of Yukon.
Progressive Tax Rate Structure
As with most provinces, Yukon uses a progressive tax structure.
The tax brackets increase each year, based on inflation. Visit the Yukon Government’s Income Tax Rates page for this year’s tax bracket rates.
Yukon’s Tax Brackets for Tax Year 2018
- 6.40%: first $45,915
- 9.00%: over $45,916 up to $91,830
- 10.90%: over $91,831 up to $142,352
- 12.80%: over $142,352 up to $500,000
- 15.00%: over %500,000
- First Nations Income Tax Credit: This credit is available to people living on Yukon First Nations Settlement Lands of an eligible First Nation. Learn more.
References & Resources:
Provincial tax brackets
- Alberta Tax Brackets
- British Columbia Tax Brackets
- Manitoba Tax Brackets
- Newfoundland and Labrador Tax Brackets
- New Brunswick Tax Brackets
- Northwest Territories Tax Brackets
- Nova Scotia Tax Brackets
- Nunavut Tax Brackets
- Ontario Tax Brackets
- Prince Edward Island Tax Brackets
- Québec Tax Brackets
- Saskatchewan Tax Brackets
- Yukon Tax Brackets