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May 17, 2021

Yukon revised budget 2021-22 discussed

Yukon Premier and Finance Minister Sandy Silver tabled the territory's revised fiscal 2021-22 budget on May 13, as its post-election fiscal 2021-22 budget. No additional tax measures were announced in the revised budget. Although Yukon is in a minority government situation, the budget will likely be adopted in light of the 2021 Confidence and Supply Agreement between the Yukon Liberal Caucus and the Yukon NDP Caucus, which establishes the basis for which the Yukon NDP Caucus will provide confidence in a Yukon Liberal Government. The agreement is in effect from April 28, 2021 to January 31, 2023.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.


Full text of Tax Alert