2024 Mileage Rate Canada. An additional 4 cents per kilometre in the northwestern territories, nunavut and yukon. 64 cents per kilometer for each additional kilometer.
In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates for the year 2024. What is the cra mileage rate 2024 and how is it calculated?
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.
$0.70 per kilometer for the first 5,000 kilometers driven
Here’s A Complete Look At How These Changes Will Impact You.
64 cents per kilometre after that.
A Quick Guide To Ireland's Mileage Compliance Regulations For Businesses.
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An Additional 4 Cents Per Business Kilometre For The Northwest Territories, Yukon, And Nunavut.
If you drive in the northwest territories, yukon or nunavut, cra mileage rates are 74¢ per kilometre for the first 5,000 kilometres and 68¢ afterwards.
70¢ Per Kilometre For The First 5,000 Kilometres Driven.
The rates for 2024 will be available on our website in 2025.