Revenue Canada Mileage Rate 2024

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Revenue Canada Mileage Rate 2024. The limits and rates used to determine deductible automobile expenses and calculate taxable benefits relating to the use of an automobile for 2024 are as follows:. Rates are reviewed on a quarterly basis.


Revenue Canada Mileage Rate 2024

The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. As of 2024, the cra will give back 70ยข per kilometre for the first 5,000 kilometres driven and 64ยข per kilometre after that.

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