On Air Now Cool Country Morning 7:00am - 10:00am

Now Playing Hosted by Carl Carpentier Cool Country Morning

Listen Live

Yukon Businesses Benefit From Zero Tax Rate

Friday, 29 January 2021 12:35

This change will support Yukon businesses and is expected to save this sector approximately $2 million per year. Yukon joins Manitoba as one of two Canadian jurisdictions to permanently reduce this tax rate to zero.

Yukon’s small business tax rate has been reduced from two per cent to zero. This change took effect on January 1, 2021 as one of the measures introduced as part of the Budget Measures Implementation Act, 2020. This change will support Yukon businesses and is expected to save this sector approximately $2 million per year. Yukon joins Manitoba as one of two Canadian jurisdictions to permanently reduce this tax rate to zero. The government anticipates approximately 2,000 small businesses will benefit from the rate reduction.

"Last spring, we made a commitment to support Yukon businesses by cutting the small business tax rate to zero. We are now putting money back into the pockets of those who keep our community going. From restaurant owners to tourism operators, this is money returning to hard working Yukoners at a time when it is needed most." Minister of Finance Sandy Silver

The changes to the small business tax rate were introduced in March, 2020 as part of the Budget Measures Implementation Act, 2020.

In 2017, the Government of Yukon changed the Small Business Tax Rate from three per cent to two per cent, saving Yukon small businesses a total of approximately $1 million a year.

More from CHON-FM Northern News

First Nation of Na-Cho Nyäk Dun youth benefit as mining firms fund mayo school sports

The companies combined their efforts after several of them received requests from the school to cover a sports funding shortfall. The donation also helps teams travel.
FNNND calls out Yukon Government over exclusive mine sale talks, demands consent

The First Nation of Na-Cho Nyäk Dun said it has not consented to any sale or restart and has no agreements with any party
BC man convicted of manslaughter

The Crown submitted that Primozic died as a result of multiple blunt and sharp force injuries.
Hamilton Boulevard trail cleared as winter pilot project wraps up

Priority 1 trails are normally cleared as close to the surface as possible.
Yukon RCMP roll out new navy-blue uniform shirts

The RCMP says the updates improve comfort and fit for officerswhile keeping them recognizable
Yukon releases final flood maps for Dawson, Klondike Valley, Upper Liard

Draft maps for Dawson and the Klondike Valley were available for review from August 12 to September 10, 2025.
Inquest into the death of Manui Roux to be held in Whitehorse

The inquest aims to determine the facts and circumstances surrounding Roux’s death
Yukon municipalities to receive record $30 million in funding

In addition to the funding for municipalities, up to $88,000 is allocated annually to the Association of Yukon Communities for professional development opportunities.
Yukon expands winter electricity relief for residents

The program is designed to support families struggling with winter electricity bills and is replacing previous rebate programs.
Ross River Dena Council says 'no' to proposed mining on its traditional territory

The decision to approve the mine represents both a severe and unjustified infringement of its constitutionally protected Kaska Aboriginal Title and Rights
LSCFN stands firm: 'No mining in the Breadbasket'

Chief Russell Blackjack emphasizes that no mining activity will be tolerated in this area
Yukon Government accepts responsibility for abuse at Jack Hulland Elementary

The Government accepts full responsibility for the harm caused and apologizes to the affected children and their families.
Whistle Bend road connector project gets $8.7M boost from federal government

The Whistle Bend Neighbourhood Active Transportation Connector project will receive over $8.7 million to build 5.5km of multi-use pathways and protected bike lanes, connecting downtown Whitehorse to Whistle Bend
Yukon Government signs deal with Alliance Health for primary care clinic

The clinic, located at 106 Lambert Street, will utilize the existing River Valley Medical Clinic space and serve approximately 2,000 new patients over the next two years.
Man Missing in Whitehorse: Reuben van Klaveren Sought by RCMP

He was last seen near the Millennium Trail in Whitehorse on March 31, 2026, wearing blue jeans, a winter jacket, and glasses.
Yukon Government passes health authority act amendment amidst first nations concerns

The amendment reflects the government's commitment to strengthening frontline healthcare and improving health outcomes, as promised in the 2025 election
Selkirk First Nation announces election results

Jeremy Harper was acclaimed as Chief and Rena Simon as Youth Councillor, effective February 10, 2026.
Carcross/Tagish First Nation cuts community safety services amid funding shortfall

The federal government's First Nations and Inuit Policing Program (FNIPP) funding will end on March 31, 2026.
Yukon First Nations Outraged Over Clean Energy Act Repeal

Repealing the Act without consultation ignores this partnership and undermines progress made
The Yukon Employees’ Union is weighing in on the Health Authority Act’s uncertain future

The YEU calls on the Yukon government to engage in honest, constructive discussions with health care workers and their representatives.