Cra Mileage Allowance 2024. After 5,000 km, the rate. A flat rate allowance is a taxable benefit.
Canada 2024 mileage rates, automobile deduction limits. 64 cents per kilometre after that.
After 5,000 Km, The Rate.
Meal and vehicle rates used to calculate travel expenses for 2023.
The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The Directive On.
These rates vary based on the year and location.
64¢ Per Kilometre Driven After That In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.
Images References :
Here’s A Breakdown Of The Recent Revisions:
A vehicle allowance is intended to cover all of the costs of using a personal vehicle for business purposes, including maintenance costs.
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 kilometric rates (payable in cents per kilometre) will be used for the application of the directive on.