Mileage Rate 2024 Ontario Canada

Mileage Rate 2024 Ontario Canada. The cra has a standard mileage rate of $0.70 per kilometre for the first 5,000 kilometres driven each year; Effective january 1, 2024, businesses.


Mileage Rate 2024 Ontario Canada

64 cents per kilometer for each additional kilometer. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate increasing to 70.

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