Cra Mileage Rate 2024 Ontario. An additional 4 cents per kilometre in the northwestern territories, nunavut and yukon. Here’s a complete look at how these changes will impact you.
Your employer should inform you if they are using the. 0.62 cad per kilometer driven after that.
Today, The Department Of Finance Canada Announced The Automobile Income Tax Deduction Limits And Expense Benefit Rates For 2024.
70¢/km (64¢/km for mileage thereafter) northwest territories, yukon and nunavut:
The Canada Revenue Agency Sets An Annual Standard Mileage Rate.
The additional 4 cents per kilometre allowance in northern regions addresses the higher costs in these areas.
Cra Mileage Rate 2024 Ontario Images References :
The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
70 cents per kilometre for the first 5,000km driven.
64 Cents Per Kilometre After That.
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.