Cra Allowable Mileage Rate 2024

Cra Allowable Mileage Rate 2024. From the cra’s official website, the 2024 automobile allowance rates are: 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 increasing to 70 cents per kilometre for the first 5,000 kilometers driven.


Cra Allowable Mileage Rate 2024

$0.70 per kilometer for the first 5,000 kilometers driven; These rates, effective january 1, 2024, will be as follows:

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