The current cra mileage rates for 2024 are: April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
The automobile allowance rates for. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
In A Significant Move That Will Impact Businesses Across The Nation, The Department Of Finance Canada Has Announced Changes To The Deductible Mileage Rates.
The automobile allowance rates for 2024 are:
The Mileage Allowance Is 70 Cents For The First 5,000.
70¢ per kilometre for the first 5,000 kilometres.
Images References :
$0.70 Per Kilometer For The First.
64¢ per kilometre driven after that.
70¢ Per Kilometre For The First 5,000 Kilometres Driven.
If your employer does not reimburse you $0.55 per km, it could be considered a taxable.