2024 Mileage Rate Canada. Rates are reviewed on a quarterly basis. 70 cents per kilometre for the first 5,000km driven;
The kilometric rates (payable in cents per kilometre) will be used for the application of the. 64 cents per kilometre after that;
The 2024 Cra Mileage Rate In Ontario Is Set To 70 Cents Per Kilometer For The First 5,000 Kilometers Driven And 64 Cents For Each Additional Kilometer, The Same As In Other Parts.
For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate.
The Cra Automobile Allowance Rates For 2024 Are:
Cra sets reasonable rates each year.
2024 Mileage Rate Canada Images References :
Cra Sets Reasonable Rates Each Year.
The 2024 cra mileage rate in ontario is set to 70 cents per kilometer for the first 5,000 kilometers driven and 64 cents for each additional kilometer, the same as in other parts.
Maximize Tax Savings On Business Travel Expenses With Our Comprehensive Guide To Cra Mileage Rate 2024 And Vehicle Allowances.
The canada revenue agency has announced the new 2024 mileage rates: