For independent contractors and business owners, deductible business mileage expenses are determined using the irs standard mileage rate. The rates for 2024 will be available on our website in 2025.
The kilometric rates (payable in cents per kilometre) will be used for the application of the. The 2024 cra mileage rates are 70 cents per kilometre for the first 5,000 km, and 64 cents per km 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.
If you are an employer, go to automobile and motor.
The 2024 Cra Mileage Rates Are 70 Cents Per Kilometre For The First 5,000 Km, And 64 Cents Per Km After That.
Meal and vehicle rates used to calculate travel expenses.
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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.
64ยข per kilometre driven after that.
The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The Directive On.
April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.