Canada Revenue Agency Mileage Rate 2024

2024

Canada Revenue Agency Mileage Rate 2024. Revenues in january 2024 totalled $41.2 billion, up $2.4 billion, or 6.2 per cent, from january 2023. 70¢ per kilometre for the first 5,000 kilometres driven;


Canada Revenue Agency Mileage Rate 2024

The mileage allowance is 70 cents for the first 5,000 kilometres and 64 cents for each additional kilometre. The automobile allowance rates for 2024 are:

The Formula Is As Follows:

The cra has set the following official mileage rates for 2023:

Meal And Vehicle Rates Used To Calculate Travel Expenses For 2023.

700 * $0.64 = $448, for a total reimbursement of $3,948.

If You Are An Employer, Go To Automobile And Motor.

Images References :

As Of 2024, The Cra Will Give Back 70¢ Per Kilometre For The First 5,000 Kilometres Driven And 64¢ Per Kilometre After That.

The cra mileage rae for the first 5000 kilometer will be 68¢.

The Fixed Rate For 2024 Is 33¢ Per Kilometre Of Personal Use (Including Gst/Hst And Pst).

The northwest territories, yukon, and nunavut have.

Tax Revenues Increased By $1.6 Billion, Or 4.9 Per Cent, Compared To The.