Yukon political contribution tax credit

You can claim a tax credit on contributions made to a registered political party or to a candidate for an election to the Yukon Legislative Assembly.

For contributions made after 2015, the Yukon political contribution tax credit for corporations matches the federal political contribution tax credit for individuals on an ongoing basis.

Currently, the federal maximum credit you can claim is $650 and is calculated as follows:

• 75% of the first $400 contributed
  plus
• 50% of the next $350 contributed
  plus
• 33 1/3% of the amount contributed that is more than $750, to a maximum contribution of $1,275

For contributions made before 2016, the maximum credit you can claim is $500 and is calculated as follows:

• 75% of the first $100 contributed
  plus
• 50% of the next $450 contributed
  plus
• 33 1/3% of the amount contributed that is more than $550

Claiming the credit

On line 897 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the total amount of qualifying contributions, and on line 675 enter the amount of the credit you are claiming.

Receipts – You do not have to file official receipts with the return. However, keep them in case we ask for them later. We can only accept photocopies if the issuer certifies them as true copies.

Forms and publications

• Schedule 5, Tax Calculation Supplementary – Corporations

Government partners

• Yukon (territorial site)

Date modified:

2017-04-20