2024 Mileage Rate Canada Tax

2024 Mileage Rate Canada Tax. The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. The northwest territories, yukon, and nunavut get an additional 4¢ per.

As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.