News & Insights

Yukon Budget 2021

Tax Development Mar 09, 2021

On March 4, 2021, Premier and Finance Minister, Sandy Silver, presented Yukon’s 2021–22 budget. As is expected to be the trend this spring in every Canadian jurisdiction, this year’s budget focuses on continuing to support residents throughout the COVID-19 pandemic and facilitating the territory’s economic recovery and future growth. 

With a $15 million COVID-19 contingency fund and record capital spending, the budget projects a modest deficit of $12.7 million, which the government attributes to the impact of the global pandemic.

This year’s budget includes no new taxes or tax increases.

More Information

Further information on Yukon’s 2021 budget may be found on the province’s web site at:

If you have questions about any of the tax changes proposed in recent Canadian budgets, please do not hesitate to call the Ryan TaxDirect® line at 1.800.667.1600.