Canada Mileage Reimbursement Rate 2024

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Canada Mileage Reimbursement Rate 2024. You may have noticed that the mileage reimbursement rate is generally higher than the cost of fuel (in canada, motorists pay an average of around 0.07 cents per kilometre for their gas, less than an eighth of the cra mileage rate). 64¢ per kilometre driven after that in the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed for travel.


Canada Mileage Reimbursement Rate 2024

If you are an employer, go to automobile and motor. The general prescribed rate for determining the taxable benefit of employees related to the personal portion of automobile expenses paid by their employers will.

Our Free Online Irs Mileage Calculator Makes Calculating Mileage For Reimbursement Easy.

70 cents per kilometer for the first 5,000 kilometers.

70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.

The canada revenue agency has announced the new 2024 mileage rates:

The Cra Mileage Rate For 2024.

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70¢ Per Kilometre For The First 5,000 Kilometres Driven;

By inputting the tax year and total miles driven for business, medical, and charitable.

The Mileage Reimbursement Rate Is Increasing By 2 Cents In 2024 To $0.67/Km.

The cra mileage rate for 2024.

70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.