Mileage Rate 2024 Canada. The cra has a standard mileage rate of $0.70 per kilometre for the first 5,000 kilometres driven each year; Salaried employee’s allowable motor vehicle expenses.
In a significant move that will impact businesses across. 70¢ per kilometre for the first 5,000 kilometres driven;
64¢ Per Kilometre Driven After That In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.
There are various lease choices with varying mileage and time periods.
Canada Revenue Agency Mileage Rate 2024.
70¢ per kilometre for the first 5,000 kilometres driven;
The 2024 Mileage Reimbursement Rate In Canada Is:
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The Cra Has Issued The Mileage Rate For 2024, Applicable From January 1 Until December 31, 2024.
The mileage allowance is 70 cents for the first 5,000 kilometres.
64¢ Per Kilometre Driven After That In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.
Meal and vehicle rates used to calculate travel expenses for 2023.
In 2024, The Cra Has Updated Its Mileage Rates To 70 Cents Per Kilometre For The First 5,000 Kilometres Driven And 64 Cents Thereafter.