Canadian Mileage Reimbursement Rate 2024. In other words, a maximum amount that employers. Rates are reviewed on a quarterly basis.
An additional 4 cents per kilometre. The mileage allowance is 70 cents for the first 5,000 kilometres.
The Canada Revenue Agency Has Announced The New 2024 Mileage Rates:
70 cents per kilometre for the first 5000 km.
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.
The automobile allowance rates for 2024 are:
See The Business Driving Reimbursement Rules In Canada, Learn What To Expect From Your Employer, How To Log Mileage And Report To Your Employer For.
Images References :
The Rates For 2024 Will Be Available On Our Website In 2025.
70ยข per kilometre for the first 5,000 kilometres driven;
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.