Mileage Reimbursement 2024 Canada Immigration. The mileage rate for business mileage incurred in 2024 is 70¢ per kilometre for the first 5,000 kilometres driven, 64¢ per kilometre. Meal and vehicle rates for previous years are also available.
For 2026, the plan is to stabilize at the 500,000. Read more about the 2024 business mileage.
How To Calculate Mileage Reimbursement In 2024.
Track business driving with ease.
To Calculate Vehicle Allowance Amounts Provided By Employers Using The Cra Mileage Rate, Multiply An Employee’s Total Business Kilometres Driven During A Given Tax Year With The Corresponding Kilometric Rate Of ($0.70 Per Km 2024 For The First 5,000Km And $0.64 Thereafter).
70¢ per kilometre for the first 5,000 kilometres driven.
The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
Images References :
Immigration Minister Marc Miller Is Expected To Table Legislation.
Rates are reviewed on a quarterly basis.
Cra Mileage Allowances And Deductions Rules | 2024.
Ottawa, may 22, 2024 —the honourable marc miller, minister of immigration, refugees and citizenship, will hold a media scrum regarding the introduction of a citizenship bill.