Government Mileage Rate 2024 Canada. The standard mileage rate is 68 cents per kilometre for the first 5,000km, then 62 cents for each additional kilometre. 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.
[5000 km] * [rate 1]. The standard mileage rate is 68 cents per kilometre for the first 5,000km, then 62 cents for each additional kilometre.
Today, The Department Of Finance Canada Announced The Automobile Income Tax Deduction Limits And Expense Benefit Rates For 2024.
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.
In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.
Gsa has adjusted all pov mileage.
Appendix D, Meal Allowances, International;
Images References :
Today, The Department Of Finance Canada Announced The Automobile Income Tax Deduction Limits And Expense Benefit Rates For 2024.
The formula is as follows:
64¢ Per Kilometre Driven After That.
The canadian economy is outperforming expectations to start 2024, statistics canada data shows.
70¢ Per Kilometre For The First 5,000 Kilometres Driven.
