64 cents per kilometer for each additional kilometer. 70¢ per kilometre for the first 5,000 kilometres driven.
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. How to calculate the allowance you give to your employee for using their own automobile or other vehicle.
The Mileage Allowance Is 70 Cents For The First 5,000.
The cra automobile allowance rates for 2024 are:
In A Significant Move That Will Impact Businesses Across The Nation, The Department Of Finance Canada Has Announced Changes To The Deductible Mileage Rates.
The rates payable in cents per kilometre for the use of privately owned vehicles driven on authorized government business travel are shown below:
Images References :
70 Cents Per Kilometre For The First 5000 Km.
70 cents per kilometer for the first 5,000 kilometers.
The Rates Payable In Cents Per Kilometre For The Use Of Privately Owned Vehicles Driven.
The following changes to limits and rates will take effect as of january 1, 2024:
