What Is The Mileage Rate For 2024 Canada. 70 cents per km for the first 5000 km driven, up two cents from last year's rate. (24,000 ÷ 32,000) × $8,000 = $6,000.
70 cents per km for the first 5000 km driven, up two cents from last year’s rate. The canada revenue agency has announced the new 2024 mileage rates:
70 Cents Per Kilometre For The First 5000 Km Driven.
At the end of last year, the internal revenue service published the new mileage rates for 2024.
70¢ Per Kilometre For The First 5,000 Kilometres Driven.
Rates are reviewed on a quarterly basis.
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.
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70 Cents Per Kilometre For The First 5000 Km Driven.
64¢ per kilometre driven after that.
70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.
The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is:
If You Are An Employer, Go To Automobile And Motor Vehicle Allowances.
