The northwest territories, yukon, and nunavut get an additional 4¢ per kilometre: 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 cents per kilometre for the first 5,000 kilometers driven.
The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is: 70 cents per km for the first 5000 km driven, up two cents from last year’s rate.
The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The Directive On Travel.
The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is:
The Automobile Allowance Rates For 2023 Are:
68¢ per kilometre for the first 5,000 kilometres driven.
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the cra mileage rate in 2024 is set at 70 cents for the initial 5,000 kilometers and 64 cents for each subsequent kilometer.
The Current Cra Mileage Rates For 2024 Are:
The kilometric rates (payable in cents per kilometre) will be used for the application of the directive on travel.