Yukon Small Business Investment Tax Credit (SBITC)
Eligibility & Details
What this program funds and who can apply
Program Description
Territorial tax credit providing Yukon resident investors with a 25% non-refundable tax credit on purchases of eligible shares in designated Yukon-incorporated corporations or cooperatives. Maximum credit of $25,000 per investor per year (on $100,000 investment). Businesses must apply for designation as an eligible corporation before issuing tax-credit-eligible shares. Designed to stimulate local angel investment in Yukon businesses.
Eligibility Requirements
- Yukon-incorporated corporations or cooperatives seeking eligible designation
- Investors must be Yukon residents age 19+
- Shares must be newly issued eligible shares
- Corporation must be approved as an eligible entity by Yukon Finance
Quick Assessment
Funding Details
- Amount
- 25% tax credit on eligible share purchases (max $25,000/year per investor)
- Type
- Tax Credit
- Level
- Territorial
- Co-Funding
- Up to 25% of eligible costs
- Deadline
- Ongoing
Program Scorecard
Competition, effort, and approval at a glance
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How to Win
Insider tips, common pitfalls, and what successful applicants look like
Insider TipThe 25% credit makes Yukon investments very attractive for local investors — effectively a guaranteed 25% return floor. Businesses must apply for designation as an eligible corporation first, then issue tax-credit-eligible shares. Great for startups raising seed capital from the local community.
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Success Profile
A Yukon tech startup raising $200,000 from 10 local investors, each investing $20,000 and receiving $5,000 in territorial tax credits.
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Evaluation Criteria
Entitlement-based — no competitive scoring. Yukon Finance reviews the eligible corporation application (YG6672) to confirm: Yukon incorporation, head office location, payroll residency ratio (25%+ Yukon), asset limit ($100M), and permanent establishment. Once designated, any qualifying Yukon resident investor automatically qualifies for the credit on eligible share purchases.
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Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 4
Eligible Expenses 4
- Newly issued eligible shares in a designated Yukon-incorporated corporation or cooperative
- Subordinated debt instruments that meet eligible criteria
- Investments in businesses maintaining a Yukon permanent establishment with head office in Yukon
- Investments where at least 25% of salaries/wages paid to Yukon residents
Ineligible Expenses 5
- Secondary market share purchases (must be newly issued)
- Shares in corporations with over $100 million in assets
- Investments in non-Yukon-incorporated entities
- Investments where the corporation fails the 25% Yukon payroll test
- Shares issued to non-Yukon-resident investors
Intake Periods
Monthly intakes — opens first day of each month, closes last business day of month. Year-round program.
Deadline Notes
Ongoing — businesses can apply for eligible corporation designation at any time. Investors claim the credit on their territorial tax return.
Open Application Portal →Ineligible Organizations
- Corporations not incorporated in Yukon
- Corporations without a Yukon head office or permanent establishment
- Corporations paying less than 25% of salaries/wages to Yukon residents
- Corporations with assets exceeding $100 million
- Public corporations
- Non-Yukon-resident investors (credit side — corporation itself is not receiving government funds)
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Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Compatible Programs
Clawback Risk
Low RiskLow — credit is claimed by investors at the time of purchase. If the eligible corporation loses its designation status after shares are issued, future share issuances no longer qualify but previously issued shares are generally unaffected.
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How SBITC Compares
Side-by-side with similar programs
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Yukon Small Business Investment Tax C... | 25% | Easy | Tax Credit Offset | Ongoing |
| Yukon Economic Development Fund (EDF) | up to $30,000 | Moderate | Milestone-Based | Tier 1: Rolling; Tier 2:... |
| Futurpreneur Canada Startup Program | Up to $75,000 | Moderate | Loan | Ongoing |
| Canadian Northern Economic Developmen... | Varies | Moderate | Mixed (Advance + Reimb.) | Ongoing |
| Yukon Foundation — Douglas B. Craig G... | Varies — typically $5,000–$25,000... | Easy | Lump Sum | Annual — June 1 (next:... |
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