Yukon Business Incentive Program
Highlights
This program is a fantastic opportunity for your business. It offers rebates for hiring Yukon residents and using Yukon-made goods and services. By participating, you can significantly reduce your labor and material costs, making your projects more affordable and boosting your bottom line.
Key Benefits:
- Rebates on Yukon-made construction materials: Save on costs by using locally produced materials.
- Apprentice and youth labor rebates: Get back up to 15% of gross wages paid to registered apprentices and young workers.
- General labor rebates: Receive between 5% and 20% of gross wages for hiring Yukon residents on construction projects.
Why Apply?
- Financial Savings: Lower your project costs with substantial rebates.
- Support Local Economy: Contribute to the local economy by hiring Yukon residents and using Yukon-made products.
- Easy Qualification: If your business is working on eligible Government of Yukon contracts, you likely qualify for these rebates.
Applying is straightforward, and the benefits can make a significant difference to your business's financial health. Take advantage of this program to enhance your profitability and support the local community.
Financing Details
Type of Financing: Rebate
Repayment Terms and Interest Rates:
- No repayment terms or interest rates. This is a rebate, not a loan.
Eligible Expenses:
- Gross wages and benefits paid to Yukon residents hired for construction projects.
- Gross wages paid to registered Yukon apprentices.
- Gross wages and benefits paid to Yukon youth (ages 16-24).
- Construction materials made in Yukon.
- Yukon-made goods and services purchased by the Government of Yukon.
Use of Funds:
- Funds can be used to cover wages and benefits for eligible Yukon hires.
- Funds can be used to purchase eligible construction materials and Yukon-made goods and services.
Restrictions on Use of Funds:
- Funds cannot be used for expenses not listed as eligible.
- Sole-source contracts are not eligible for rebates on Yukon-made goods and services.
Fees:
- No fees are associated with applying for or receiving the rebate.
Qualifications
- Must be a Yukon business working on a Government of Yukon contract.
- Must hire registered Yukon apprentices.
- Apprentices must be registered with the Government of Yukon Advanced Education Apprenticeship Program before starting the job.
- Must hire Yukon residents who have made their permanent and principal residence in Yukon and have been physically present in Yukon for at least 180 days immediately before the date of hire.
- Must hire Yukon youth between the ages of 16 and 24.
- Must use construction materials made in Yukon, used for a Government of Yukon construction contract, and listed on the rebate schedule.
- Must hire a minimum of 80% Yukon residents based on the dollar value of gross wages and benefits.
- Must pay employees based on the Fair Wage Schedule.
Goods and services must be purchased by the Government of Yukon, made or produced in Yukon, and listed in the Business Incentive Program Rebate Schedule.
Disqualifications:
- Businesses receiving benefits for an apprentice through another Government of Yukon program.
- Sole-source contracts for goods and services.
Description
This program offers rebates for businesses working on Government of Yukon contracts. You can get money back for hiring Yukon residents, including youths, apprentices, and adults, or for using Yukon-made goods and services.
Here’s what you can get:
- Rebates for hiring Yukon apprentices: You can receive a rebate equal to 15% of the gross wages paid to an apprentice.
- Rebates for hiring Yukon construction workers: You can get between 5% and 20% of the gross wages and benefits paid to employees.
- Rebates for hiring Yukon youth: You can receive a rebate equal to 15% of the gross wages and benefits paid to youths aged 16 to 24.
- Rebates for using Yukon-made goods and services: The rebate amount is based on the bid price of the product or service sold to the Government of Yukon, multiplied by the rebate rate.
Why this matters to your business:
- Save on labor costs: By hiring local apprentices, youth, and construction workers, you can significantly reduce your payroll expenses.
- Support local economy: Using Yukon-made goods and services not only benefits your business but also supports local producers and suppliers.
- Financial incentives: These rebates can improve your cash flow and make your projects more cost-effective.
This program is a great way to cut costs, support the local community, and make your business more competitive.
Program Steps
Contact the Business Incentive Program Office:
- Reach out to the Business Incentive Program office to request the necessary rebate-claim worksheet.
Prepare the Appropriate Documentation:
- Gather the following documents:
- Completed rebate-claim worksheet.
- Signed and notarized Statutory Declaration.
- Employee Information and Release Form (if applicable).
- Employment Report worksheet (if applicable).
- Supporting documents verifying Yukon residency (if applicable).
- Gather the following documents:
Complete the Required Forms:
- Fill out the rebate-claim worksheet accurately.
- Ensure the Statutory Declaration is signed and notarized.
- Have employees complete and sign the Employee Information and Release Form, if required.
- Fill out the Employment Report worksheet, detailing all on-site hours for employees or apprentices, if applicable.
Submit the Application and Documents:
- Submit your completed application and all required documents to the Business Incentive Program office.
- In person: 303 Alexander Street (first floor) in Whitehorse, Yukon. The office is open Monday to Friday from 8:30 a.m. to 4:30 p.m.
- Email: [email protected]
- Fax: 867-393-6228
- Mail:
Government of Yukon
Business Incentive Program (F-1)
Box 2703
Whitehorse, Yukon Y1A 2C6
- Submit your completed application and all required documents to the Business Incentive Program office.
Await Review and Possible Audit:
- After submission, the Business Incentive Program may randomly select a small cross-section of employees for a payroll audit. Be prepared to provide additional documents such as timesheets, pay stubs, and copies of cancelled cheques or electronic fund-transfer receipts if requested.
Follow Up:
- Ensure all required documents are submitted within one year after the project is complete to avoid application refusal.