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 cra revises the official mileage rates every year. In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates.
The Rates Payable In Cents Per Kilometre For The Use Of Privately Owned Vehicles Driven On Authorized Government Business Travel Are Shown Below:
The territories' 2024 rates are 74 cents per km for.
The Cra Revises The Official Mileage Rates Every Year.
In 2024, the cra has updated its mileage rates to 70 cents per kilometre for the first 5,000 kilometres driven and 64 cents thereafter.
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The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The.
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.
64¢ Per Kilometre Driven After That;
Explore the dynamic history of cra mileage rates in canada.