The CRA administers the Yukon R&D tax credit.
Available to: The Yukon R&D tax credit can be claimed by corporations and individuals operating in, and residents of Yukon on the last day of the year, participation in SR&ED. It is refundable at 15% of eligible expenses and an additional 5% on payments to the Yukon College.
The deadline to claim the credit: a year after the filing due date.
Carryback and carryforward: The tax credit cannot be carried back or forward.
Assistance: The federal pool of deductible and eligible SR&ED credit will be cut down by the Yukon tax credit.
Recapture: Not required
Potential to renounce: Not required
(Research and development (R&D) tax credit and the funding is in addition to the federal SR&ED program)
(This information is correct as at 31 March, 2019)
Yukon region is served through our office in Vancouver
Canadian SR&ED Solutions
1285 West Broadway