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2024 Yukon Income Tax Calculator

Plug in a few numbers and we’ll give you visibility into your tax bracket, marginal tax rate, average tax rate, and payroll tax deductions, along with an estimate of your tax refunds and taxes owed in 2024.

Employment income and taxable benefits.

Business, professional, commission, partnership, fishing, and farming income.

Keep in mind RRSP and FHSA contributions are subject to annual contribution and deduction limits.

The total amount of your capital gains realized before June 25, 2024. Half of this amount is included in income.

The total amount of your capital gains realized on June 25, 2024 and later. Half of the first $250,000 of this amount is included in income. Two-thirds of anything above $250,000 is included in income.

In general, these are dividends received from public Canadian companies. Enter the actual amount of dividends received.

In general, these are dividends received from private Canadian companies. Enter the actual amount of dividends received.

All other income (like rental income, interest, CERB, CESB, EI, CPP, and OAS).

For example, taxes deducted from your paycheque. Don't include CPP/EI.

Your Results

  • Total income

    Total income entered.

    $0
  • Total tax
    $0
    Federal Tax

    Federal tax owing.

    $0
    Provincial Tax

    Provincial tax owing.

    $0
  • After-tax income

    Total income after tax.

    $0
  • Average tax rate

    Total tax divided by total income.

    0.00%
    Marginal tax rate

    Incremental tax paid on incremental income.

    0.00%

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Summary

Please enter your income, deductions, gains, dividends, and taxes paid to get a summary of your results.

These calculations are approximate and include the following non-refundable tax credits: the basic personal tax amount, CPP/QPP, QPIP, and EI premiums, and the Canada employment amount. After-tax income is your total income net of federal tax, provincial tax, and payroll tax. Rates are current as of July 30, 2024.

Yukon Provincial
and Federal tax brackets

Your taxable income places you in the following tax brackets.

Canadian federal tax bracketCanadian federal tax rate
$55,867 or less15.00%
$55,867 - $111,73320.50%
$111,733 - $173,20526.00%
$173,205 - $246,75229.00%
More than $246,75233.00%
Yukon tax bracketYukon tax rate
first $55,8676.40%
over $55,867 up to $111,7339.00%
over $111,733 up to $173,20510.90%
over $173,205 up to $500,00012.80%
over $500,00015.00%
How to calculate Yukon net income?

To calculate your net income in Yukon, follow the step-by-step process given below.

Determine taxable income by deducting any pre-tax contributions to benefits Your taxable income is the gross income earned during the tax year, less deductions. To calculate your annual gross income, first, calculate your annual income from salary. Then add all types of income earned during the year such as commissions, tips, dividend income, interest income, rental income, and all forms of earnings. Find out which federal and Yukon tax deductions you are eligible for. Deduct them from your gross income, to arrive at your total taxable income.

Withhold all applicable taxes (federal and provincial) Using the tax rates in Yukon provided on the CRA website, calculate your taxes. You can also use the Yukon tax calculator to calculate your tax in Yukon. If taxes are withheld from your paycheck, you can check if less or excess tax was withheld from your salary.

Deduct any post-tax contributions to benefits After the withholding of taxes from your paycheck, your employer may withhold post-tax deductions. Post-tax deductions can be union dues, garnishment of wages, or insurance payments. After post-tax deductions, you arrive at your take-home salary.

Garnish wages, if necessary Garnishment of wages refers to the withholding of a portion of your salary that is remitted to the government. A court order obliges the employers to withhold an amount from a person’s paycheck to repay debt or undue taxes. If your wages are garnished, you’ll have to report this amount on your tax returns as garnished wages are a part of your taxable income.

The result is net income After paying taxes, the result is net income that is your take-home salary.

Explore other provincial or territorial tax calculators

FAQs

Tax in Yukon is due on April 30 for employed taxpayers and on June 15 for self-employed taxpayers.

There are 5 Yukon tax brackets. For the first $55,867 of taxable income, the tax rate is 6.4%. Plus 9% on the next $55,867, plus 10.9% on the next $61,472, plus 12.8% on the next $326,795, plus 15% on the amount over $500,000.

To calculate your taxes in Yukon, you can use a Yukon tax calculator or calculate taxes manually with the help of Yukon income tax table provided on the CRA’s website.

Tax deducted from a paycheck in Yukon depends on your total taxable income and the Yukon tax rate that applies to it. For the first $53,359 of taxable income, the tax rate is 6.4%. Plus 9% on the next $53,358. Plus 10.9% on the next $58,713. Plus 12.8% on the next $334,570. Plus 15% on the amount over $500,000.

The carbon tax is charged per ton of greenhouse gas emissions. The carbon tax rebate returns the revenue to the Yukoners. Households, individuals with dependent children, and married and common-law partners are eligible for a carbon tax rebate.

The CRA advises taxpayers to keep tax records for at least 6 years.

Getting a tax refund in Yukon can take up to 2 weeks if you file taxes online. However, the refunds can take up to 8 weeks if you file paper tax returns.

To calculate annual income, you can use Yukon income tax calculator. Or get a tax expert to calculate taxes and your annual net income.

The Yukon tax return can be mailed to the Winnipeg Tax Centre, Post Office Box 14001, Station Main Winnipeg MB R3C 3M3.

The capital gains tax (federal and provincial combined) in Yukon on the first $53,359 of income is 10.70%. Capital gains tax is 14.75% on income over $53,359 up to $106,717. Capital gains tax is 18.45% on income over $106,717 up to $165,430. Capital gains tax is 21.13% on income over $165,430 up to $235,675. Capital gains tax is 20.90% on income over $235,675 up to $500,000. Capital gains tax is 24% on income over $500,000.

The withholding tax in Yukon on the first $53,359 of taxable income, the tax rate is 6.4%. Plus 9% on the next $53,358, plus 10.9% on the next $58,713, plus 12.8% on the next $334,570, plus 15% on the amount over $500,000.

The marginal tax (federal and provincial combined) rate in Yukon is 21.40% on the first $53,359 of income. 29.50% on income over $53,359 up to $106,717. 36.90% on income over $106,717 up to $165,430. 42.25% on income over $165,430 up to $235,675. 45.80% on income over $235,675 up to $500,000. 48.00% on income over $500,000.

There are 5 Yukon tax brackets. For the first $53,359 of taxable income, the tax rate is 6.4%. Plus 9% on the next $53,358, plus 10.9% on the next $58,713, plus 12.8% on the next $334,570, plus 15% on the amount over $500,000.

If you sell the house you live in, you can claim the principal residence tax exemption on Form T2091. Otherwise, you’ll have to pay taxes and report the capital gains on Schedule 3 of Capital Gains taxes.

Yukon-specific income tax credits are the Children’s Fitness Tax Credit, Business Investment Tax Credit, and First Nations Income Tax Credits.