2014-2015 Yukon budget highlights

Canadian tax alert

March 26, 2014

Read a summary of the Yukon budget highlights from Deloitte's tax professionals

Budget highlights

On March 25, 2014, Yukon Premier and Finance Minister Darrell Pasloski tabled the territory’s 2014-2015 budget. Here are some of the highlights:

  • The budget includes the largest capital investment in Yukon's history.
  • Despite the high level of capital spending, the budget reports a surplus of $72 million for 2014-2015.
  • Yukon is expected to continue to be debt-free.
  • The government will undertake a red tape review of the regulatory burden facing Yukon businesses with a view to reducing this burden.

Personal and corporate tax rates

  • The budget proposes that the small business rate be reduced from 4% to 3% on the first $500,000 of taxable income.
  • Yukon continues to have no general territorial sales tax and no payroll taxes.
  • There are no other changes or announcements related to tax rates.

Other measures

  • Funding for the 2014-2015 Yukon Mineral Exploration Program, which provides funding for mineral exploration projects, including risk capital for locating, exploring and developing mineral projects to an advanced stage, has been increased by $630,000 to a total of $1.4 million.
  • Yukon residential electrical consumers will benefit by a one year extension of the Interim Electrical Rebate.

For further details, we refer you to the Ministry of Finance website.


Canadian Managing Partner, Tax
Heather Evans

National Tax Policy Leader
Albert Baker


This publication is produced by Deloitte LLP as an information service to clients and friends of the firm, and is not intended to substitute for competent professional advice. No action should be initiated without consulting your professional advisors. Your use of this document is at your own risk.

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