What Is The Mileage Rate For 2024 In Canada. 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. 70¢ per kilometre for the first 5,000 kilometres driven;
70 cents per kilometre for the first 5,000km driven. 70 cents per km for the first 5000 km driven, up two cents from last year’s rate.
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70 Cents Per Kilometre For The First 5,000Km Driven.
64¢ per kilometre driven after that in the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed for travel.
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Amid Further Clarifications On The Cap Being Made Back In March, Marc Miller Noted In A Fresh Statement On April 5 That The Cap.
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Rates Are Reviewed On A Quarterly Basis.
The 2024 mileage reimbursement rate in canada is:
The General Prescribed Rate For Determining The Taxable Benefit Of Employees Related To The Personal Portion Of Automobile Expenses Paid By Their Employers Will Remain At 33 Cents Per Kilometre For 2024.