Yukon Bureau of Statistics

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1 Yukon Bureau of Statistics 2 9 # 1 $ > & ± 8 < 3 π ^ Yukon Income Statistics 25 Taxation Year 1 Income Tax, Yukon, 25 The data used in this publication are from Canada Revenue Agency s Final Statistics detailed profiles of Canadian taxfilers based on a stratified random sample of individual tax returns. Total number of income tax returns Total income assessed Average total income Taxable income assessed Average taxable income assessed 22,29 $868,5, $38,964 $698,15, $31,319 For the 25 tax year, the total number of tax returns filed by Yukoners was 22,29. The total income assessed was $868,5, and the total taxable income assessed was $698,15,. For the 24 tax year, Yukoners filed 21,78 tax returns. The total income assessed was $798,571,, and the total taxable income assessed was $642,317,. From 24 to 25, the number of tax returns filed increased by 51, or 2.3%, and the total income assessed increased by $69,929,, or 8.8%. The taxable income assessed increased by $55,788,, or 8.7%. Taking a simple average, each tax return in 25 had an average taxable income assessed of $31,319. In 24, this figure was $29,491. The average taxable income assessed increased by $1,828 (6.2%) from 24 to 25. (millions) $1, $9 $8 $7 $6 $5 $4 $3 $2 $1 $ All Taxfilers, Total Income Assessed, Yukon, 1995 to '96 '97 '98 '99 ' '1 '2 '3 '4 25 1

2 2 All Taxfilers by Major Source of Gross Income, Yukon, 25 Farming Self-Employed Sales Self-Employed Professionals Investment Business Proprietorship/ Partnership ,44 Taxfilers have been grouped by their major source of income. For instance, taxfilers who reported a gross income of $45, made up of employment earnings of $3,, business earnings of $1,, and investment earnings of $5, would be classified as employees because their major source of income ($3,) was from employment. Groupings include: Farming: self-employed taxfilers who earn their major source of income from farming Self-employed Sales: taxfilers whose major source of earnings is commission income from self-employment Self-employed Professionals: self-employed taxfilers whose major source of income is professional fees (including accountants, doctors and surgeons, dentists, lawyers and notaries, engineers and architects, as well as entertainers, artists, etc.) Investment: taxfilers whose major source of income is interest, taxable dividends from Canadian corporations, taxable capital gains, or other investment income Business Proprietorship/Partnership: taxfilers whose major source of income is business income Pension: taxfilers whose major source of income is pensions Employment: taxfilers employed by a business, institution, school, federal or provincial Crown corporation, or some form of government body Pension 2, Employment 18,8 Number of Taxfilers 3 3, 2,5 2, 1,5 1, All Taxfilers by Age Group, Yukon, 23 to In the 25 tax year, the 45-to- 49-year-old age group had the highest total income assessed ($14,212,). The average income figure for this age group was $53,516. Average income assessed for the 45-to-49-yearold age group increased $8,313, or 18.4%, from 24 to 25. In the 24 tax year as well, the 45-to-49- year-old age group had the highest total income assessed ($119,337,). In 24, the average income figure for this age group was $45, < Age Groups 2

3 4 All Taxfiler Returns with RRSP Contributions, Yukon, 25 RRSP Contribution Ranges $1 to $1, $1, to $2, $2, to $4, $4, to $6, contributions # of contributions # of contributions # of ('s) returns ('s) returns ('s) returns contributions ('s) # of Total Income Class returns under $1, $ $1, to $2, 3 $12 3 $31 17 $ $647 $2, to $3, 4 $17 7 $71 2 $58 11 $519 $3, to $4, 1 $48 11 $ $285 3 $13 $4, to $5, 2 $18 1 $17 34 $968 2 $1,27 $5, to $6, 17 $ $84 16 $889 $6, to $8, 16 $63 25 $ $1, $2,654 $8, to $1, 8 $13 2 $24 22 $662 7 $37 $1, and over 5 $ $194 2 $123 Totals* 65 $ $73 1,65 $4,755 1,27 $6,331 $6, to $8, $8, to $1, $1, and over Total contributions # of contributions # of contributions # of ('s) returns ('s) returns ('s) returns As would be expected, tax filers who fell into higher income brackets generally recorded higher contributions to RRSPs. In 25, taxfilers who had made RRSP contributions accounted for 27.9% of the total number of taxfilers. This figure is up.2 percentage points from the 24 level of 27.7% and up 1.6 percentage points from the 23 level of 26.3%. Total Number of Income Tax Returns With RRSP Contributions, Yukon, 1995 to 25 contributions ('s) # of Total Income Class returns under $1, $12 $1, to $2, $1,29 $2, to $3, 1 $78 12 $1,82 1 $24 38 $2,28 $3, to $4, 2 $16 1 $119 1 $1, $2,24 $4, to $5, 9 $ $ $3,87 $5, to $6, 25 $1, $ $4,315 $6, to $8, 26 $1,661 3 $ $4,83 1,95 $1,221 $8, to $1, 1 $654 5 $ $2,391 7 $4,482 $1, and over 7 $52 8 $ $6, $7,855 Totals* 8 $5, $2, $15,534 6,22 $35,558 Notes: "-" = suppressed data. *Due to rounding and suppression, numbers may not sum to totals. 5,49 6,7 6,5 6,8 6,39 6,2 6,36 6,21 5,48 6,4 6,

4 5 All Taxfilers with Net Self-Employment Income, Yukon, 25 Number of returns Net amount $ ('s) Business income (major source) 1,42 $25,768 All other business income 1,48 $457 Total business income 2,9 $26,225 Professional income (major source) 19 $9,553 All other professional income 2 -$541 Total professional income 39 $9,12 Commission income (major source) 1 -$21 All other commission income - - Total commission income 1 -$21 Farming income (major source) 3 $59 All other farming income 11 -$384 Total farming income 14 -$325 Fishing income (major source) - - All other fishing income 3 -$19 Total fishing income 3 -$19 Rental income (major source) 18 $1,11 All other rental income 95 $2,324 Total rental income 1,13 $3,425 Self-employment income (major source) 1,83 $36,46 All other self-employment income 2,79 $1,858 Total self-employment income 4,61 $38,318 T h i s t a b l e s h o w s t h e distribution of all taxfilers with self-employment income in 25. The total number of returns with self-employment income was 4,61, compared with 4,32 in 24. This represents an increase of 29 returns, or 6.7%. In 25, the total amount of net self-employment income was $38,318,, compared with $38,152, in 24. This is an increase of $166,, or.4%. Note: - = suppressed data. 6 All Taxfilers by Community, 25 Number of Income under $1, to $5, to $1, to $15, to $2, to $25, to $3, to $4, to $5, Community returns ($) $1, $5, $1, $15, $2, $25, $3, $4, $5, and over Watson Lake 1,4 31, Faro 27 9, Teslin Whitehorse 31 17,15 1,43 711, ,28 4 In 24, the 4 total number 3 of 3 returns with 4 taxable 3 1,53 capital 1,48 gains was 1,2 1,42. 1,4 In 23, 1,92 this number 1,77 7 5,59 Carmacks 3 8, was 1,14. From 23 to 24, the total number Haines Junction 62 21, Mayo 37 12, of returns 4with taxable 4 capital 2 gains 5increased 3 8 Dawson City 1,3 45, by 28, 13 or 24.6% Tagish 16 4, Ross River 22 5, In 24, 3total taxable 2 capital 2 gains 2 were 2 3 Burwash Landing Pelly Crossing ,62 6, $9,248,. In 123, this amount 3 was 2 $6,984,. 3 From 3 232to 24, 4the total 1 3 Beaver Creek 6 2, taxable capital gains increased by $2,264,, 2 2 Old Crow 19 6, or 32.4%. Carcross 27 7, Destruction Bay 5 1, Yukon Unorganized 26 1, The data in this table is derived from tax data based on geographic area and is not a stratified random sample like the data in the rest of this publication. Therefore the data in this table do not equal the totals of other tables in this publication. Due to rounding, numbers may not sum to totals. 4

5 7 All Taxfilers by Sex, Age and Income Class, Yukon, 25 MALES Total Males per Total Income Class Income Class Under $1, ,22 $1,-$15, ,45 $15,-$2, $2,-$25, ,15 $25,-$3, $3,-$35, $35,-$4, $4,-$45, $45,-$5, $5,-$1, ,12 $1, and over Totals* 1,41 1,83 2,23 2,27 1, ,94 FEMALES Age Groups Age Groups Total Females per Total Income Class Income Class Under $1, ,15 $1,-$15, ,13 $15,-$2, ,1 $2,-$25, $25,-$3, $3,-$35, $35,-$4, $4,-$45, $45,-$5, $5,-$1, ,68 $1, and over Totals* 2,3 1,89 2,54 2,34 1, ,35 Note: - = suppressed data. *Due to rounding and suppression, numbers may not add up to totals. Total Male & Female Taxfilers by Income Class, Yukon, 25 4, Number of Taxfilers 3,5 3, 2,5 2, 1,5 1, 5 Male Female Under $1, $1,- $15, $15,- $2, $2,- $25, $25,- $3, $3,- $35, $35,- $4, $4,- $45, $45,- $5, $5,- $1, $1, and over Income Class 5

6 All Taxfilers, Total Income Assessed, Taxable Income & 8 Tax Payable, by Sex, Yukon, 25 6, 5, Male Female Thousands ($) 4, 3, 2, 1, Total income assessed Taxable income assessed Total tax payable 9 All Taxfilers, Total Tax Payable, Provinces and Territories, 25 N.B.: All dollars are in millions (,'s) $66,462 $19,595 $19,884 $18,149 $1,82 $464 $3,79 $2,596 $4,818 $3,746 $129 $216 $84 $348 Nfld. and Labrador P. E. I. Nova Scotia New Brunswick Quebec Ontario Manitoba Saskatchewan Alberta British Columbia Yukon N.W.T. Nunavut Non-resident 6

7 1 Taxfilers Claiming Child Care Expenses, Number of Children Claimed, Expenses Allowed, Yukon, 25 In 25, 87 taxfilers claimed child care expenses in the Yukon. In 24, this number was 79. A total of $3,87, in child care expenses was allowed for a total of 1,54 children for the 25 tax year. This means, an average deduction of $2,472 was allowed for each child claimed. In the 24 tax year, $2,44, was allowed for child care expenses, 1,5 children were claimed, and the average deduction for each child claimed was $1,63. Income Class Number of Taxfilers Claiming Number of Children Claimed Child Care Expenses Allowed less than $1, 2 3 $41, $1,-2, 1 1 $5, $2,-$3, $1,44, $3,-$4, 1 2 $79, $4,-$5, 34 6 $1,484, $5,-$1, $615, $1, and over 3 5 $179, Totals 87 1,54 $3,87, 11 All Taxfilers by Average Taxable Income Assessed, Yukon, Year Total Number of Returns Total Income Assessed *Total Deductions Taxable Income Assessed Average Taxable Income ,76 $586,783, $124,656, $462,859, $24, ,1 $634,977, $126,79, $59,22, $25, ,65 $66,7, $124,1, $486,6, $24, ,16 $66,437, $122,183, $483,763, $23, ,81 $67,375, $134,659, $535,743, $25, ,78 $675,18, $13,641, $546,474, $26, ,32 $696,769, $147,581, $549,865, $27,6 22 2,6 $73,997, $139,795, $592,525, $28, ,85 $745,736, $148,243, $6,66, $28, ,78 $798,571, $158,493, $642,317, $29, ,29 $868,5, $171,74, $698,15, $31,319 *Note: please see footnote on page 8. 7

8 12 Taxfiler Totals, Canada, Provinces, and Territories, 25 Total Number of Returns Total Income Assessed ('s) * Total Deductions ('s) Taxable Income Assessed ('s) Average Taxable Income Canada 23,881,54 $861,41,744 $91,121,688 $771,572,323 $32,38 Nfld and Labrador 395,36 $1,695,757 $1,251,943 $9,45,338 $23,93 Prince Edward Island 15,32 $2,976,3 $283,574 $2,698,596 $25,623 Nova Scotia 698,73 $21,511,88 $2,113,691 $19,421,927 $27,796 New Brunswick 573,26 $16,227,712 $1,559,591 $14,681,83 $25,61 Quebec 5,85,77 $186,632,632 $2,125,112 $166,76,58 $28,493 Ontario 9,35,6 $351,64,3 $36,474,51 $315,69,519 $34,939 Manitoba 85,49 $26,444,793 $2,742,761 $23,786,476 $27,968 Saskatchewan 717,38 $22,573,165 $2,451,235 $2,19,631 $28,145 Alberta 2,428,8 $18,16,783 $11,459,99 $96,819,925 $39,863 British Columbia 3,92,14 $11,45,424 $11,816,776 $98,48,87 $31,825 Yukon 22,29 $868,5 $171,74 $698,15 $31,319 Northwest Territories 29,51 $1,3,277 $23,563 $1,97,34 $37,184 Nunavut 16,11 $588,136 $13,821 $484,569 $3,79 Outside Canada 65,78 $1,782,446 $363,871 $1,438,256 $21,865 $4, Average Taxable Income Assessed, Canada, Provinces, and Territories, 25 $3, $2, $1, $ Outside Canada Newfoundland New Brunswick *Note: Total deductions includes deductions from total income assessed, such as RRSP contributions, annual union dues, child care expenses, etc., and deductions from net income, such as capital gains deductions, social assistance payments, Workers Compensation benefits, Northern Residents Allowance, etc. Total deductions are calculated as follows: Sum of total deduction before adjustments, social benefits repayment, and total deductions from net income. The information contained in this publication is based on Canada Customs and Revenue Agency data. Taxfilers include all returns filed with and without income reported. Some returns are filed for the sole purpose of the GST Credit and/or Child Tax Benefit. All figures are reported in current-year dollars and have not been adjusted for inflation. Statistics pertaining to less than ten taxfilers have been suppressed; however, they are included in all subtotals and totals. All counts of the number of taxfilers have been rounded to the nearest ten. Subtotals and totals were rounded independently. Thus, due to rounding and suppression, numbers may not sum to totals. Dollar values have been rounded to the nearest $1,. Executive Council Office Bureau of Statistics Prince Edward Island Nova Scotia Manitoba Saskatchewan Quebec Information sheet no May 28 8 Nunavut Yukon British Columbia Canada Ontario Northwest Territories Alberta Additional information: The Yukon Government Executive Council Office Bureau of Statistics (A-8C) Box 273, Whitehorse, Yukon Y1A 2C6 Telephone: (867) ; Fax: (867) ybsinfo@gov.yk.ca website:

Yukon Bureau of Statistics

Yukon Bureau of Statistics 2 9 # $ > 0-2 + 6 & ± 8 < 3 π 7 5 9 ^ Highlights: Yukon Statistics 205 Taxation Year There were 28,00 income taxfilers in Yukon in 205, an increase of 400, or.4%, compared to