5011-PC Information Sheet for Residents of the Yukon

All the information you need to calculate your Yukon tax and credits is included on Form T1C (YUKON), Yukon Tax and Credits. We have included two copies of the form, and it is also available on the Canada Customs and Revenue Agency (formerly Revenue Canada) web site at: www.ccra-adrc.gc.ca/1999-T1package/ . Attach a completed copy to your return.

What's new for 1999?

The Yukon low income family tax credit is a non-refundable credit that reduces Yukon tax by up to $300.

The Yukon small business investment tax credit is a non-refundable credit of up to 25% of eligible investments made in eligible Yukon businesses after June 30, 1999, to a maximum of $25,000 per investor per year.

The Yukon mineral exploration tax credit is a refundable credit for qualified mining exploration expenses incurred in the Yukon after March 31, 1999.

Did you reside on Yukon First Nations settlement land?

If you resided on settlement land of an agreeing Yukon First Nation on December 31, 1999, enter the First Nation name and identification number on page 1 of your return. If you are taxable, complete Form T1C (YUKON) AG, Yukon First Nations Tax, to determine the part of federal and territorial tax that is attributed to the Yukon First Nation government responsible for the settlement land where you resided. Attach a completed copy to your return.

Questions about Yukon tax and credits

If you have questions about the Yukon tax credits, contact:

Department of Finance
Government of Yukon
P.O. Box 2703
Whitehorse YT Y1A 2C6

Telephone: (867) 667-5343

If you have other questions, including questions about Yukon tax and Yukon First Nations tax, contact:

Whitehorse Tax Services Office
Canada Customs and Revenue Agency
120 - 300 Main Street
P.O. Box 220
Whitehorse YT Y1A 2B5

Call toll free 1-800-959-8281. To request forms, call toll free 1-800-959-2221.

If you are a First Nations Indian, you can call the Canada Customs and Revenue Agency's First Nation information line toll-free at 1-800-367-9058.

Yukon Child Benefit

The Yukon Child Benefit (YCB) is a tax-free monthly payment to help low- and modest-income families with the costs of raising their children under age 18. Benefits from this program are combined with the federal Canada Child Tax Benefit (CCTB) into a single monthly payment.

Under the YCB, you may be entitled to receive a benefit of $300 per year ($25 per month) per child. The amount of the benefit is reduced if your family net income is more than $16,700.

You do not have to apply separately to receive payments under this program. We will use the information from the CCTB application to determine your eligibility for the program. You (and your spouse) should file your 1999 tax return(s) as soon as possible. The information you supply on your tax return (and, if applicable, your spouse's return) will determine how much you will receive beginning in July 2000.

The program is fully funded by the Yukon. For more information, call 1-800-387-1193.