Mileage Rate 2024 Canada. 70 cents per km for the first 5000 km driven, up two cents from last year's rate. What is the 2024 cra automobile allowance (mileage) rate?
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. Meal and vehicle rates used to calculate travel expenses for 2023.
These Rates Vary Based On The Year And Location.
The rates payable in cents per kilometre for the use of privately owned vehicles driven on authorized government business travel are shown below:
Let’s Explore The Recent Changes:
The cra has a standard mileage rate of $0.70 per kilometre for the first 5,000 kilometres driven each year;
If You Are An Employer, Go To Automobile And Motor Vehicle Allowances.
Images References :
These Rates Vary Based On The Year And Location.
Medical travel if you travel more than 40 kilometres.
The Canada Revenue Agency Has Announced The New 2024 Mileage Rates:
70 cents per kilometre for the first 5,000km driven.
Log Your Business Travel And Calculate Your Reimbursements.
