The cra has issued the mileage rate for 2024, applicable from january 1 until december 31, 2024. The kilometric rate payable when a canadian registered vehicle is driven on government business travel in more than one province or in the usa shall be the rate.
The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their. 70 cents per kilometre for the first 5000 km driven;
From The Cra’s Official Website , The 2024 Automobile Allowance Rates Are:
70 cents per kilometre for the first 5000 km.
64 Cents Per Kilometre After That.
From january 1st, 2024, per kilometre rates will.
Images References :
The General Prescribed Rate Used To Determine The Taxable Benefit Of Employees Relating To The Personal Portion Of Automobile Expenses Paid By Their.
70 cents per kilometre for the first 5000 km driven;
64¢ Per Kilometre Driven After That.
The mileage allowance is 70 cents for the first 5,000.