Mileage Rate 2024 Ontario. Here’s the cra’s automobile allowance rates for the past five years: 64 cents per kilometre after that.
If you live in nunavut, northwest territories or yukon, it’s an extra $0.04 for each km driven. An additional 4 cents per business kilometre for the northwest territories, yukon, and nunavut.
70 Cents Per Kilometre For The First 5,000Km Driven.
70 cents per kilometre for the first 5000 km driven.
The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
Log your business travel and calculate your reimbursements.
Mileage Rate 2024 Ontario Images References :
After 5,000 Km, The Rate Decreases To 64 Cents Per Kilometre.
Meal and vehicle rates used to calculate travel expenses.
July 1, 2024 The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles will increase to $37,000 from $36,000, before tax, in respect of new and used vehicles acquired on or after january 1, 2024.