Business Mileage Rate 2024 Canada

Business Mileage Rate 2024 Canada. The cra mileage rate for 2024 is: The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at.


Business Mileage Rate 2024 Canada

70 cents per kilometer for the first 5,000 kilometers driven for business purposes. The cra mileage rate for 2024 is set at 70 cents for the first initial 5,000 kilometers and 64 cents for each subsequent kilometer.

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