Canada Revenue Agency Mileage Rate 2024

Canada Revenue Agency Mileage Rate 2024. 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. 64 cents per kilometer for each additional.

The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. Here’s a breakdown of the recent revisions: