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WHITEHORSE – The Yukon Party Official Opposition is calling on the Yukon government to work with the federal government and make carbon tax rebates non-taxable for small businesses and placer miners. Last month, the federal government announced the carbon tax rebates for small businesses would not be considered income and, therefore, not subject to tax.
During the Fall sitting of the Yukon Legislative Assembly, Kluane MLA Wade Istchenko asked the government if the Yukon would follow the lead of Ottawa and ensure small businesses and placer miners were not taxed on their carbon tax rebates. At first, the premier indicated he was not sure, but then a day later told the house under the federal tax law, refundable tax credits, including the Yukon’s business carbon rebate and Canada carbon rebate for small businesses, are taxable unless an exception is provided.
The Canadian Federation of Independent Businesses (CFIB) supports this call to make carbon tax rebates non-taxable. The CFIB has written to the federal finance minister asking Ottawa to work with the Yukon government to ensure that carbon tax rebates for small businesses in the Yukon are delivered tax-free.
“Small businesses are hurting enough under both Liberal governments in Ottawa and Whitehorse, and this is just piling on,” said Istchenko. “A tax on a rebate just does not make sense. For the sake of small businesses and placer miners, I hope the territorial government will seek an exemption for the Yukon before the next tax season rolls around in the Spring.”
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Contact:
Tim Kucharuk
Media Director
(867) 689-7874
