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;
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.