This schedule is a worksheet only and is used by corporations that had a permanent establishment in Yukon (as defined in section 400 of the federal Income Tax Regulations) to calculate the following for each period in Yukon:
(a) Income eligible for the Yukon lower and higher tax rate;
(b) Total Yukon tax at the lower and higher rates before credits.
The amount calculated in (b) above transfers to Schedule 5 in the Provincial or territorial tax payable before credits column for Yukon and to line 245 of Schedule 5.
See also