Mileage Rate For 2024 Cra

Mileage Rate For 2024 Cra. 70 cents per kilometer for the first 5,000 kilometers. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.

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