Mileage Reimbursement 2024 Canada. 64 cents per kilometer for each additional kilometer. If you are an employer, go to automobile and motor vehicle allowances.
In this guide, we will provide a definitive overview of what the system entails, so employers know exactly how to reimburse employees for mileage and their employees know how to claim properly when using their own vehicles for business driving. The rates for 2024 will be available on our website in 2025.
The Deadline For Submitting 2024 Benefit Period Claims.
January 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
If You Are An Employer, Go To Automobile And Motor Vehicle Allowances.
The additional 4 cents per kilometre allowance in northern regions addresses the higher costs in these areas.
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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In A Significant Move That Will Impact Businesses Across The Nation, The Department Of Finance Canada Has Announced Changes To The Deductible Mileage Rates For The Year 2024.
70 cents per kilometre for the first 5000 km;
What Are The Automobile Deduction Rates For.
This bifurcation reflects an understanding of vehicle operation costs.