All three of Canada’s territories have released their 2020 budgets
Yukon, the Northwest Territories and Nunavut recently tabled their 2020 budgets. Yukon's budget includes measures to reduce the small business income tax rate to 0% (from 2%) and increase the insurance premium tax to 4%, effective January 1, 2021. Yukon also announced it is expanding the Small Business Investment Tax Credit, which will be renamed the Business Investment Tax Credit.
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