2024 Mileage Rate Canada. The canada revenue agency has announced the new 2024 mileage rates: If the employee's main source of employment is selling or leasing.
The automobile allowance rates for 2024 are: 64¢ per kilometre driven after that in the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed for travel.
70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.
If you are an employer, go to automobile and motor.
The Rates Payable In Cents Per Kilometre For The Use Of Privately Owned Vehicles Driven On.
The rate is set to rise by two cents, reaching 70 cents per kilometre for the first 5,000 kilometres driven, and 64 cents for each additional kilometre.
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.
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The Cra Has Issued The Mileage Rate For 2024, Applicable From January 1 Until December 31, 2024.
$0.64 for every km driven beyond that.
The Rates For 2024 Will Be Available On Our Website In 2025.
As we show you the simple calculations that will help.
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.
