The Yukon Business Relief Program provides relief to Yukon businesses affected by the COVID-19 pandemic. The program provides non-repayable grants to cover specific fixed costs.
Extension of the program
The Yukon Business Relief Program has been extended to March 31, 2021, in order to continue our partnership with CanNor’s Northern Business Relief Fund.
The Yukon Business Relief Program and CanNor’s Northern Business Relief Fund now cover many of the same fixed costs. Applications are assessed for support under CanNor’s program. Some applications that are ineligible for federal funding will then be assessed for territorial funding. This coordination happens automatically provided the business, on its application form, has permitted information sharing between the 2 governments.
Businesses will have to provide:
- a 3-month forecast of profit and loss (income versus expenses) for the period they applied for (submit this every 3 months); and
- before further funding is released, proof of payment of eligible expenses and verification of income on a quarterly basis.
When you might have to repay funding
If we do not receive adequate proof of payment and income verification within 30 days of the end of each quarter.
Who can apply?
This program is open to Yukon businesses, including home-based businesses, which are operating at a deficit on a monthly basis due to the COVID-19 pandemic.
Who cannot apply?
This program is not available to:
- governments at all levels and their corporations;
- religious organizations;
- finance and insurance;
- real estate;
- telecommunications; and
This program is available to Yukon businesses that have experienced an operating deficit on a monthly basis.
A Yukon business means a business that meets 3 of the following criteria:
- has an office with a physical address in Yukon;
- is subject to the Yukon Income Tax Act;
- is registered as per the Business Corporations Act or the Partnership and Business Name Act, where applicable; and
- has a valid municipal business licence, where applicable.
What is the funding period?
April 1, 2020, to March 31, 2021.
How much can eligible businesses receive?
You may receive funding to reach your financial break-even point up to a maximum of $30,000 per month.
The maximum amount that any business can claim from this program is $100,000.
What is the timeline for costs?
The program extension will cover eligible costs incurred from August 1, 2020, to March 31, 2021.
The application period for April to July 2020 is now closed.
Applications for August 1, 2020, to March 31, 2021, are being accepted until April 15, 2021.
Eligible fixed costs
The business costs eligible for support are:
- accrued monthly property taxes;
- animal feed or veterinary services (for example, for dog mushing or horse camps) where the expenses are core to the business;
- aviation insurance;
- business insurance;
- commercial rent or lease;
- electricity and heating fuel;
- licences including business licences;
- mechanical costs for aviation companies;
- mortgage interest on owned business premises;
- payments on assets (such as vehicles or machinery), for assets acquired before March 1, 2020;
- pest control;
- software, data services, and subscriptions (including financial or booking systems);
- telephone, cable, internet and satellite;
- vehicle leasing for vehicles used solely by the business; and
- water, sewage and waste disposal.
For home-based businesses
If you have a home-based business, your business-use-of-home expenses are eligible. This means the portion of mortgage interest or rent costs accepted by the Canada Revenue Agency as attributable to the operation of the home-based businesses.
Home-based businesses must provide proof of “business-use-of-home expenses deductions,” as defined by the Canada Revenue Agency, on their 2018 federal income tax return. For example:
- portion of rent;
- property insurance;
- interest on mortgages; and
Support for tourism businesses
Tourism operators and visitor-dependent businesses may qualify for additional support. You’ll need to have reached your maximum funding limit through the:
- Yukon Business Relief Program; and
- Northern Business Relief Fund (administered by Canadian Northern Economic Development Agency).
Learn about the Tourism Accommodations Sector Supplement.
Learn about the Tourism Non-Accomodation Sector Supplement.
The following business costs are not covered by the program:
- any expense not listed under “eligible fixed costs”;
- mortgage principal payments; and
- any costs that have already been covered by insurance.
What you need to apply
- Complete and sign the application form with the original signature page.
- Documentation showing that you’re an eligible Yukon business dated before March 1, 2020. For example, a utility bill, showing your organization’s name and address, registration from Corporate Affairs dated before March 1, 2020, and a valid business licence.
- Copies of invoices or bills showing fixed costs incurred during the program period that meet the eligibility requirements for this program. For example, electrical bills and rent receipts.
- Documents to demonstrate that your business is operating at a deficit – calculation method may vary by sector.
- Any other supporting documents.
- Eligible expenses for home-based business will be based on previous tax years.
- New home-based businesses without 2018 tax filings may provide 2019 tax filing documentation as proof of eligibility.
How to apply
- Download and complete the application form.
- Download and complete the profit and loss worksheet.
- Submit the application form and all required documentation.
In person: 303 Alexander Street, 2nd floor, Whitehorse
Open Monday to Friday, from 8:30 a.m. to 4:30 p.m.
Government of Yukon
Yukon Business Relief Program (F-1)
Get answers to common questions about the program.
If you have questions, email firstname.lastname@example.org or phone 867-456-3803, toll free in Yukon 1-800-661-0408 extension 3803.