Kilometer Reimbursement Rate 2024 Canada. The rates payable in cents per kilometre for the use of privately. 64 cents per kilometer for each additional kilometer.
64¢ per kilometre driven after that. Deduction limits and rates for 2024 applicable to the use of an automobile.
The Cra Has Issued The Mileage Rate For 2024, Applicable From January 1 Until December 31, 2024.
Rates are payable in canadian funds only.
The General Prescribed Rate For Determining The Taxable Benefit Of Employees Related To The Personal Portion Of Automobile Expenses Paid By Their Employers Will.
The rate set by the cra for 2023 currently stands at $0.68 per kilometre.
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.
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The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The Directive On Travel.
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.
The Cra Automobile Allowance Rates For 2024 Are:
64¢ per kilometre after that;
As Of 2024, The Cra Will Give Back 70¢ Per Kilometre For The First 5,000 Kilometres Driven And 64¢ Per Kilometre After That.