Mileage Rate Cra 2024

Mileage Rate Cra 2024. 64 cents per kilometer for each additional kilometer. A vehicle allowance will be considered a taxable benefit if an employee or officer is paid:


Mileage Rate Cra 2024

The kilometric rates (payable in cents per kilometre) will be used for the application of the directive on travel. 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 increasing to 70.

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