Mileage Rate 2024 Ontario. The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is: From the cra’s official website, the 2024 automobile allowance rates are:
The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is: 70 cents per km for the first 5000 km driven, up two cents from last year’s rate.
From The Cra’s Official Website, The 2024 Automobile Allowance Rates Are:
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 Mileage Allowance Is 70 Cents For The First 5,000 Kilometres And 64.
The cra automobile allowance rates for 2024 are:
Mileage Rate 2024 Ontario Images References :
Mileage When Public Transportation Is Not Available And A Personal Vehicle Is Used, Payment Is Made At The Approved Mileage Rate.
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.
The following changes to limits and rates will take effect as of january 1, 2024: