Yukon Business Investment Tax Credit

The Yukon Business Investment Tax Credit is a non-refundable tax credit which you can claim if you invested in small Yukon business corporations.

You can claim the Yukon small business investment tax credit if:

  • You were a resident of Yukon on December 31. 2024
  • You were at least 19 years of age at the end of the year, and
  • You received a YBITC-1 Certificate from the Yukon government which shows the credit amount you can claim

You can claim up to 25% of the value of eligible shares and subordinated debt that you purchased from eligible Yukon businesses during 2024 or in the first 60 days of 2025. The amount of the credit that you can claim will be shown on your YBITC-1 Certificate.

Any unused credit amount can be carried back 3 years or carried forward up to 7 years. Refer to your notice of assessment (NOA) or reassessment to determine any unused credit amounts that you may have.

Follow these steps in H&R Block’s 2024 tax software:

Important: Before you begin, ensure that you told us you lived in Yukon on December 31, 2024.

  1. On the left navigation menu, under the Credits & deductions tab, click Tax Topics.

  2. Select the Investment income & expenses checkbox.

  3. At the bottom of the page, click Add selected topics to my return.

  1. Under the INVESTMENT INCOME heading, click the checkbox labelled Yukon business investment tax credit.

  2. When you arrive at the Yukon business investment tax credit page, enter your information into the tax software.