What Is The Mileage Rate For 2024 Canada. 70 cents per kilometre for the first 5000 km. 64 cents per kilometre after that.
The mileage allowance is 70 cents for the first 5,000 kilometres and 64 cents for each additional kilometre. Understanding and effectively applying these rates can lead to more accurate budgeting, financial forecasting, and tax optimization.
An Additional 4ยข Per Kilometre In The Northwest Territories, Nunavut, And Yukon.
The meal rates are reviewed every six (6) months and resulting revisions, if any, are effective as of april.
70 Cents Per Kilometre For The First 5000 Km Driven.
Prior to these proposed changes coming into effect.
What Is The Mileage Rate For 2024 Canada Images References :
The Current Cra Mileage Rates For 2024 Are:
70 cents per kilometre for the first 5000 km.
Canada Revenue Agency Mileage Rate 2024 Jemmy Korney, The Tier 1 Rates Reflect An Overall.
April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.