Cra Allowable Mileage Rate 2024

Cra Allowable Mileage Rate 2024. The 2024 business mileage charges released by the cra body enables employees to claim reimbursement at 70 cents for the first 5000 kilometers driven in. 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.


Cra Allowable Mileage Rate 2024

The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office.

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Cra Allowable Mileage Rate 2024