Yukon Research and Development Tax Credit
If your business has incurred costs related to research and development, you could receive a tax credit of 15% or 20%, when you file your taxes.
Eligible expenditures include:
- Scientific or technological experiments and analysis
- Basic or applied research that advances scientific knowledge
- Experimental development that creates new products or improves existing materials, devices, products and processes
R&D activities must be conducted in the Yukon and meet the definition of a qualified expenditure in subsection 127 (9) of the federal Income Tax Act.
Other conditions apply.