Cra Allowable Mileage Rate 2024. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 64¢ per kilometre driven after that in the northwest territories, yukon,.
This bifurcation reflects an understanding of. The mileage rate for business mileage incurred in 2024 is 70¢ per kilometre for the first 5,000 kilometres.
70¢ Per Kilometre For The First 5,000 Kilometres Driven.
A vehicle allowance will be considered a taxable benefit if an employee or officer is paid:
When Discussing Mileage Reimbursement In Canada And The Cra Mileage Rate 2024, It’s Important To Clarify What This Refers To And In What Cases Employees Are Entitled To.
Generally, travel from home to work is not eligible for mileage reimbursement in canada.
