Schedule YT(S14) - fill out and auto calculate/complete form online

Yukon Government Carbon Price Rebate

Schedule YT(S14)
2023
Protected B when completed

The Yukon Government Carbon Price Rebate is an amount paid to individuals and businesses to help offset the cost of
the federal carbon pollution pricing levy.

Complete Part 1 – Yukon Government carbon price rebate – Individuals and, if it applies, Part 2 – Yukon business carbon
price rebate.

Attach a copy of this schedule to your return.

Part 1 – Yukon Government carbon price rebate – Individuals

Rebate payments are issued quarterly to individuals and their families separately from the income tax refund. The amount is
the same for each Yukoner regardless of age, income or marital status.

You and your spouse or common-law partner (if applicable) must file a return every year as a resident of Yukon to continue
receiving the rebate.

You will receive the basic rebate automatically, based on the information in your return. Yukoners who resided outside
Whitehorse on December 31, 2023, may qualify for a 10% remote supplement.

Did you reside outside Whitehorse on December 31, 2023?

63790

Yes

Part 2 – Yukon business carbon price rebate

The Yukon business carbon price rebate, which includes the general business carbon price rebate and the mining business
carbon price rebate, is an amount paid to businesses to help offset the cost of the federal carbon pollution pricing levy.

You may be able to claim these rebates if, in 2023, you operated an eligible business or eligible mining business in Yukon, or
you earned income from a rental property while you lived in Yukon.

The Yukon mining business carbon price rebate is a refundable tax credit. It is equal to the amount of the mining business
rebate factor for the financial year in which the tax year ends multiplied by the eligible Yukon mining undepreciated capital
cost (UCC) to the taxpayer at the end of the tax year.

The Yukon general business carbon price rebate is a refundable tax credit. It is equal to the amount of the general business
rebate factor for the financial year in which the tax year ends multiplied by the amount of the eligible Yukon UCC to the
taxpayer at the end of the tax year that exceeds the amount of the eligible Yukon mining UCC, if any, if you are an eligible
Yukon mining business taxpayer.

The terms eligible Yukon business taxpayer, eligible Yukon mining business taxpayer, eligible Yukon asset, eligible
Yukon mining asset, eligible Yukon UCC, eligible Yukon mining UCC, eligible Yukon business, eligible Yukon mining
business, and cross-border transport equipment are defined in subsection 16(1) of the Yukon Income Tax Act.

Attach a copy of this form to your paper return.

5011-S14 E (23)

(Ce formulaire est disponible en français.)

Page 1 of 5

Eligible Yukon mining UCC for eligible Yukon mining asset

If you need more space, use a separate sheet of paper.

Complete the table below if you operated an eligible Yukon mining business with eligible Yukon mining assets in 2023. If not,
enter "0" at line 7 and continue at line 8.

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Column 7

Class number
of eligible
Yukon mining
asset
(see note 1)

Prescribed
inclusion rate
(see note 2)

Prescribed fraction
(see note 3)

UCC at the end
of the year

Capital cost
allowance claimed
for the year

Column 4
plus
column 5

Eligible Yukon
UCC at the end of
the year for
eligible Yukon
mining assets
(column 2
multiplied by
column 3
multiplied by
column 6)

Add the amounts from column 7.

Prescribed mining adjustment factor (see note 4)

Line 1 multiplied by line 2

Eligible Yukon mining UCC allocated from partnerships (see note 5)

Line 3 plus line 4

Total eligible Yukon mining UCC

Mining business rebate factor (see note 6)

Line 5 multiplied by line 6

Yukon mining business

Enter this amount on line 63856 of your Form YT479.

carbon price rebate

If the tax year is shorter than 12 months, prorate the Yukon mining business carbon price rebate by the number of days in
the tax year divided by 365.

5011-S14 E (23)

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Protected B when completed

Eligible Yukon UCC for eligible Yukon asset

If you need more space, use a separate sheet of paper.

Complete the table below if you operated an eligible Yukon business with eligible Yukon assets in 2023.
Also include eligible Yukon mining assets (other than classes 41 and 41.2).

Column 1

Column 2

Column 3

Column 4

Column 5

Column 6

Column 7

Class number
of eligible
Yukon asset
(see note 7)

Prescribed
inclusion rate
(see note 8)

Prescribed fraction
(see note 3)

UCC at the end
of the year

Capital cost
allowance claimed
for the year

Column 4
plus
column 5

Eligible Yukon
UCC at the end of
the year
(column 2
multiplied by
column 3
multiplied by
column 6)

Add the amounts from column 7.

Eligible Yukon UCC allocated from partnerships (see note 9)

Line 8 plus line 9.

Total eligible Yukon UCC

Amount from line 5, if any.

–

Line 10 minus line 11, if negative enter "0"

Net eligible Yukon UCC

General business rebate factor (see note 10)

Line 12 multiplied by line 13

Yukon general business

Enter this amount on line 63855 of your Form YT479.

carbon price rebate

If the tax year is shorter than 12 months, prorate the Yukon general business carbon price rebate by the number of days in
the tax year divided by 365.

Note 1

The following classes are prescribed for the purposes of the definition eligible Yukon asset:

•

Category 4 (buildings and equipment that burn fossil fuels): classes 1, 3, 10, 10.1, 13, 16, 22, 28, 29, 38, 39, 40, 41, 41.2,
43 and 53

•

Category 5 ("green" assets): classes 43.1, 43.2, 54, 55 and 56

The classes prescribed for the purposes of the definition eligible Yukon mining asset are subject to change.
Where the list of classes provided here differs from that provided in the Carbon Price Rebate General Regulation, the latter
takes precedence.

Note 2

The inclusion rates for prescribed classes of eligible Yukon mining assets are:

•

For category 4 (buildings and equipment that burn fossil fuels): classes 1, 3, 10, 10.1, 13, 16, 22, 28, 29, 38, 39, 40, 41,
41.2, 43 and 53 use 100%

•

For category 5 ("green" assets): classes 43.1, 43.2, 54, 55 and 56 use 500% multiplied by the general business rebate
factor (see note 10) for the financial year in which the tax year ends divided by the mining business rebate factor
(see note 6) for that financial year

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Protected B when completed

Note 3

If you don't use cross-border transport equipment, enter "1".

If you use cross-border transport equipment principally to transport passengers or goods from Yukon to outside of Yukon,
or you make an election under subsection 16(11) of the Yukon Income Tax Act, enter the prescribed fraction.

The prescribed fraction equals the net fuel quantity you used in Yukon for operating the cross-border transport equipment
for the tax year, divided by the net fuel quantity you used worldwide (including in Yukon) in operating that equipment.

Enter a decimal number less than 1 with a maximum of two decimal places to express this fraction.

Note 4

If you carry on a specified placer mining business in the tax year and do not operate a specified quartz mine either directly
or through a partnership, enter "4"; otherwise enter "1".

Note 5

If you are a member of a partnership that is an eligible Yukon mining business partnership, the eligible Yukon mining UCC
at the end of the year from the partnership is equal to your specified proportion of the eligible Yukon mining UCC to the
partnership at the end of the partnership's fiscal period.

Enter the total of all eligible Yukon mining UCCs provided by the partnerships of which you are a member.

If any of the Eligible Yukon mining UCC allocated from partnerships relate to a specified placer mine and you, or another
partnership of which you are a member, operate a quartz mine, you must recalculate the eligible Yukon mining UCC
allocated from partnerships in respect of a specified placer mine by using a prescribed mining adjustment factor of 1
instead of 4.

Note 6

Use the mining business rebate factor for the Yukon financial year in which the tax year ends.
The mining business rebate factor is equal to:

•

$5.27 for each $1,000 of eligible Yukon mining UCC if your tax year ends after December 31, 2022 and before
April 1, 2023 (enter 0.00527)

•

$21.08 for each $1,000 of eligible Yukon mining UCC if your tax year ends after March 31, 2023 (enter 0.02108)

Note 7

The following classes are prescribed for the purposes of the definition eligible Yukon mining asset:

•

Category 1 (buildings): classes 1 and 3

•

Category 2 (equipment that burns fossil fuels): classes 10, 10.1, 13, 16, 22, 28, 29, 38, 39, 40, 43 and 53

•

Category 3 ("green" assets): classes 43.1, 43.2, 54, 55 and 56

The classes prescribed for the purposes of the definition eligible Yukon asset are subject to change.

Where the list of classes provided here differs from that provided in the Carbon Price Rebate General Regulation, the latter
takes precedence.

Note 8

The inclusion rates for prescribed classes of eligible Yukon assets are:

•

For category 1 (buildings): classes 1 and 3 use 50%

•

For category 2 (equipment that burns fossil fuels): classes 10, 10.1, 13, 16, 22, 28, 29, 38, 39, 40, 43, and 53 use 250%

•

For category 3 ("green" assets): classes 43.1, 43.2, 54, 55, and 56 use 500%

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Protected B when completed

Note 9

If you are a member of a partnership that is an eligible Yukon business partnership, the eligible Yukon UCC at the end of
the year from the partnership is equal to your specified proportion of the eligible Yukon UCC to the partnership at the end of
the partnership's fiscal period.

Enter the total of all eligible Yukon UCCs provided by the partnerships of which you are a member.

Note 10

Use the general business rebate factor for the Yukon financial year in which the tax year ends.
The general business rebate factor is equal to:

•

$39.62 for each $1,000 of eligible Yukon UCC if your tax year ends before April 1, 2023 (enter 0.03962)

•

$21.89 for each $1,000 of eligible Yukon UCC if your tax year ends after March 31, 2023 (enter 0.02189)

See the privacy notice on your return.

5011-S14 E (23)

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