Mileage Reimbursement 2024 Canada. Trusted by millions of drivers. Here’s the cra’s automobile allowance rates for the past five years:
The rates for 2024 will be available on our website in 2025. If you are an employer, go to automobile and motor vehicle allowances.
The Following Changes To Limits And Rates Will Take Effect As Of January 1, 2024:
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.
64¢ Per Kilometre Driven After That In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.
68 cents per kilometer for each additional kilometer.
Meal And Vehicle Rates For Previous Years Are Also Available.
Images References :
The Formula For Figuring Out Your Reimbursement For Business Mileage In A Car Is As Simple As:
If you are an employer, go to automobile and motor vehicle allowances.
An Additional 4¢ Per Kilometre In The Northwest Territories, Nunavut, And Yukon.
In this guide, we will provide a definitive overview of what the system entails, so employers know exactly how to reimburse employees for mileage and their employees know how to claim properly when using their own vehicles for business driving.
