Executive summary
On 5 March 2020, Yukon Premier and Finance Minister Sandy Silver tabled Yukon’s fiscal 2020–21 budget. The budget contains no new taxes but contains an increase in the existing insurance premium tax rate as well as a reduction in the small-business corporate income tax rates.
The Minister projects a surplus of CA$4.1m1 for 2020–21.
The following is a brief summary of the key tax measures.
Detailed discussion
Business tax measures
Corporate tax rates
Effective 1 January 2021, the Yukon…