Business Mileage Rate 2024 Canada. The mileage allowance is 70 cents for the first 5,000 kilometres and 64 cents for each additional kilometre. An additional 4¢ per kilometre in the northwest territories, nunavut, and yukon.
Log your business travel and calculate your reimbursements. 64 cents per kilometre after that;
74 Cents Per Kilometer For The First 5,000 Kilometers.
Here’s a breakdown of the recent revisions:
An Additional 4¢ Per Kilometre In The Northwest Territories, Nunavut, And Yukon.
As a salaried individual, your employer may reimburse you for any expenses incurred when using your personal car for work.
Business Mileage Rate 2024 Canada Images References :
The Release Will Help Bolster A Case For The Bank Of Canada To Cut Rates At A Second Straight Meeting Next Wednesday.
An additional 4 cents per kilometre in the northwestern territories, nunavut and yukon
70¢ Per Kilometre For The First 5,000 Kilometres.
Here’s the cra’s automobile allowance rates for the past five years:
