Research and Development Tax Credit
“Yukon. Finance”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
The Yukon Research and Development Tax Credit is a refundable corporate and personal income tax credit of 15% or 20% (Item H) for eligible expenditures incurred by a corporation after June 30, 2000 or by an individual after December 31, 2000. This program is administered by the Government of Yukon's Department of Finance and Revenue Canada.
- An eligible expenditure is one that meets the definition of a "qualified expenditure" under subsection 127 (9) of the federal Income Tax Act. Eligible research and development expenses are expenses incurred by the taxpayer in respect of a "\"systematic investigation or search that is carried out in a field of science or technology by means of experiment or analysis".
- Scientific research can take the form of basic or applied research undertaken "for the advancement of scientific knowledge" or experimental development "for the purpose of creating new or improving existing materials, devices, products, and processes".
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