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All the information you need to calculate your Yukon tax and credits can be found in the publication called Completing your Yukon forms.

Complete the following forms that apply to you: Form YT428, Yukon Tax, Form YT432, Yukon First Nations Tax, and Form YT479, Yukon Credits, and attach a copy to your return.

What's new for 2007?

The income levels and most of the non-refundable tax credits used to calculate your territorial income tax have changed.

New non-refundable tax credits have been introduced for Yukon parents.

• You can claim $2,000 for each child who is under 18 years of age at the end of the year.
• You can claim up to $500 per child for eligible fees paid that relate to the cost of registering your child in an eligible program of physical activity. Parents of children with disabilities can claim up to $1,000 per child.

Form YT428, Yukon Tax, reflects these changes.

Yukon Child Benefit

The Yukon Child Benefit (YCB) is a non-taxable monthly payment to help low- and modest-income families with the cost of raising children under 18 years of age. Benefits are combined with the Canada Child Tax Benefit into one monthly payment.

Under the YCB, you may be entitled to get a benefit of $37.50 per month for each child. Families with net income above $25,000 may get part of the benefit.

You do not have to apply separately to get payments under this program. We will use the information from your Canada Child Benefits application to determine your eligibility for the program.

File your tax return - You (and your spouse or common-law partner) should file your 2007 tax return(s) as soon as possible. The information you give on your return(s) will determine how much you will get starting in July 2008.

This program is funded by Yukon with a contribution from Indian and Northern Affairs Canada on behalf of Status Indian children. For more information, call 1-800-387-1193 .

Did you reside on Yukon First Nations settlement land?

If you resided on settlement land of a self-governing Yukon First Nation at the end of the year, enter the First Nation name and identification number on page 1 of your return.

Complete Form YT432, Yukon First Nations Tax, to determine the part of federal and territorial tax that is transferred to the self-governing Yukon First Nation government responsible for the settlement land where you resided. Attach a completed copy to your paper return.

If you have questions…

If you have questions about Yukon tax credits, contact:

Department of Finance
Government of Yukon
3rd floor, 2071-2^nd Avenue
P.O. Box 2703
Whitehorse YT Y1A 2C6

Call: 867-667-5343 , or 1-800-661-0408

If you need more help about Yukon tax after you read the publication called Completing your Yukon forms, call the Canada Revenue Agency (CRA) at 1-800-959-8281 .

If you have questions about Yukon First Nations Tax, call the CRA at 1-800-367-9058 (available in area codes 867 and 250).

To get forms, visit the CRA Forms and publications page or call 1-800-959-2221 .