Yukon Manufacturing and Processing Profits Tax Credit
Your manufacturing and processing corporation could benefit from a tax credit. You can apply even if you qualify for the small business tax rate.
To receive the credit, you need to:
- Be incorporated
- Complete the T2 Schedule 440 (federal corporation income tax return)
- Claim 1.5% credit on income taxed at the Yukon small business rate of 3%
- Claim 12.5% credit on income taxed at the 15% general Yukon rate
Other conditions apply.