Tax Measures Under Canada’s COVID-19 Economic Response Plan

  • Businesses can also apply for a grant (non-repayable) to pay certain fixed costs through the Yukon Business Relief Program. The program is aimed at businesses in the Yukon Territory, including home-based businesses, which are operating at a deficit on a monthly basis due to the COVID-19 pandemic. To be eligible, a business must meet at least three of the following criteria:
    • have an office with a physical address in the Yukon;
    • be subject to the Yukon Income Tax Act;
    • be registered under the Business Corporations Act or the Partnership and Business Name Act, where applicable; and
    • hold a valid municipal business license, where applicable.

    [188]

Businesses may receive funding to reach their financial break-even point up to a maximum of $30,000 per month. The maximum amount that a business can claim from this program is $100,000. The program initially covered eligible costs incurred between March 23, 2020, and July 23, 2020. The extension[189] covers costs incurred from August 1,2020 to March 31, 2021. Eligible costs are:

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