70 cents per kilometer for the first 5,000 kilometers. 70 cents per kilometre for the first 5000 km.
$0.70 per kilometer for the first. 64 cents per kilometre after that.
The General Prescribed Rate Used To Determine The Taxable Benefit Of Employees Relating To The Personal Portion Of Automobile Expenses Paid By Their.
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.
70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's.
If you are an employer, go to automobile and motor vehicle allowances.
Images References :
The Following Lists The Privately Owned Vehicle (Pov) Reimbursement Rates For Automobiles, Motorcycles, And Airplanes.
64¢ per kilometre driven after that in the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed.
The Cra Mileage Rate For 2024.
The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.