Current Mileage Rate 2024 Ontario. The formula is as follows: The cra mileage rate in 2024 is set to:
[5000 km] * [rate 1] + [additional. 70¢ per kilometre for the first 5,000 kilometres driven.
The Rates Payable In Cents Per Kilometre For The Use Of Privately Owned Vehicles Driven On Authorized Government Business Travel Are Shown Below:
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 Standard Mileage Rate Is 68 Cents Per Kilometre For The First 5,000Km, Then 62 Cents For Each Additional Kilometre.
70 cents per business kilometre for the first 5,000km and 68 cents per.
64 Cents Per Kilometer For Each Additional Kilometer.
Images References :
New Delivery Rates Will Apply To Electricity Use Starting On January 1, 2024 And Will Be.
The general prescribed rate for determining the taxable benefit of employees related to the personal portion of automobile expenses paid by their employers will remain at.