2024 Mileage Rate Ontario. 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. The rates payable in cents per kilometre for the use of privately owned vehicles driven on authorized government business travel are shown below:
The mileage allowance is 70 cents for the first 5,000. 70 cents per kilometre for the first 5,000km driven;
Maximize Tax Savings On Business Travel Expenses With Our Comprehensive Guide To Cra Mileage Rate 2024 And Vehicle Allowances.
The rates for 2024 will be available on our website in 2025.
If You Are An Employer, Go To Automobile And Motor.
Annual adjustment of mileage rates.
2024 Mileage Rate Ontario Images References :
The Cra Revises The Official Mileage Rates Every Year.
As of 2024, the cra will give back 70ยข per kilometre for the first 5,000 kilometres driven and 64ยข per kilometre after that.
If You Live In Nunavut, Northwest.
70 cents per kilometre for the first 5,000km driven;