2024 Mileage Rate Ontario . Department of finance canada announced the automobile income tax deduction limits and expense benefit rates for 2024. Official source in english can be found here:
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. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
2024 Mileage Rate Ontario Images References :
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2024 Standard Mileage Rates Released by IRS; Mileage Rate Up , If you drive in the northwest territories, yukon or nunavut, cra.
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Understanding the 2024 IRS Standard Mileage Rates , As of 2024, the cra will give back 70ยข per kilometre for the first 5,000 kilometres driven and 64ยข per kilometre after that.
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