Mileage Reimbursement Canada 2024. The cra has issued the mileage rate for 2024, applicable from january 1 until december 31, 2024. Recommendations discussed include adjusting the reimbursement rate for 2024 based on the department of finance canada annual publication on automobile.
The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles. Understanding and effectively applying these rates.
The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
What is the current mileage reimbursement rate for 2024?
$0.70 Per Kilometer For The First.
70 cents per kilometre for the first 5000 km driven.
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 kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
The Standard Mileage Rate From Janury 1St, 2024 To December 31St, 2024 Is:
The mileage allowance is 70 cents for the first 5,000.