Mileage Rate 2024 Canada. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 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.
What you can receive an employee mileage reimbursement for. Canadian mileage reimbursement rate 2024.
For 2024, The Department Of Finance Canada Made Some Notable Changes To The Automobile Income Tax Deduction Limits And Mileage.
Learn how the new tax bracket thresholds and indexed rates may impact your tax bill.
64 Cents Per Kilometre After That.
The government adjusts these brackets.
Mileage Rate 2024 Canada Images References :
Rates Are Reviewed On A Quarterly Basis.
Using a mileage reimbursement calculator that reflects the current cra mileage rates is the key to issuing accurate reimbursements.
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