Cra Reasonable Mileage Rate 2024
Cra Reasonable Mileage Rate 2024. Government utilizes a monthly adjustment in the rate per kilometer paid to employees who use their private vehicles for work. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
70 cents per kilometer for the first 5,000 kilometers driven for business purposes. To determine the amount you can claim for vehicle expenses, multiply the number of kilometres by the cents/km rate from the chart below for the province or territory in which the travel.