Mileage Rate 2024 Cra. The cra automobile allowance rates for 2024 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.
The 2024 cra mileage rates are 70 cents per kilometre for the first 5,000 km, and 64 cents per km after that. 64¢ per kilometre driven after that in the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed for travel.
70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.
(24,000 ÷ 32,000) × $8,000 = $6,000.
The Cra Has Issued The Mileage Rate For 2024, Applicable From January 1 Until December 31, 2024.
Salaried employee’s allowable motor vehicle expenses.
64 Cents Per Kilometer For Each Additional Kilometer.
Images References :
The Mileage Allowance Is 70 Cents For The First 5,000 Kilometres And.
The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
This Rate Directly Impacts Financial Management.
The rates for 2024 will be available on our website in 2025.
If You Drive In The Northwest Territories, Yukon Or Nunavut,.
