The Co-Y system was critically assessed by means of the CALPHAD technique. The solution phases (liquid, body-centred cubic, face-centred cubic and hexagonal close-packed) were modelled with the Redlich-Kister equation. The intermetallic compounds Co 17 Y 2 and Co 5 Y, which have a homogeneity range, were treated as one phase with the formula (Co 2 ,Y)(Co 2 ,Y) 2 Co 15 , based on their crystal structures, by a three-sublattice model with Co 2 and Y on the first and second sublattices and Co on the third one, respectively. The others Co were treated as stoichiometric compounds. A set of self-consistent thermodynamic parameters of the Co-Y system was obtained.