Mileage Rate 2024 Ontario Canada. 70 cents per business kilometre for the first 5,000km and 68 cents per. 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 updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. The cra mileage rate for 2024.
The Rates Payable In Cents Per Kilometre For The Use Of Privately Owned Vehicles Driven.
70 cents per kilometre for the first 5,000km driven.
From The Cra’s Official Website , The 2024 Automobile Allowance Rates Are:
The mileage rate in ontario for 2024 is the same rate as for all canadian provinces:
You May Provide An Allowance Or A Reimbursement To Your Employee To Compensate For Use Of Their Automobile Or Motor Vehicle In Connection With Or In The Course Of Their Office Or.
The kilometric rates (payable in cents per kilometre) will be used for the application of the.
The 2024 Cra Mileage Rate In Ontario Is Set To 70 Cents Per Kilometer For The First 5,000 Kilometers Driven And 64 Cents For Each.
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