Cra Mileage Rate 2024 Calculator. As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that. Mileage reimbursement example using the cra mileage rate in 2024 let’s say your employee drove 1,500 kilometers, and the cra mileage rate in 2024 is 70¢ for the first 5,000 kilometers driven.
70 cents per kilometre for the first 5,000km driven. The canada revenue agency (cra) does not keep any of the data you provide to complete your calculation.
The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
Meal and vehicle rates used to calculate travel expenses.
Rates Are Reviewed On A Quarterly Basis.
You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or employment duties.
Cra Mileage Rate 2024 Calculator Images References :
The Rates For 2024 Will Be Available On Our Website In 2025.
Revising the limit will be a relief for taxpayers.
These Rates Are Guided And Established By The National Joint Council (Njc) And Adopted By The Canada Revenue Agency For Application Of The Directive On Travel.
64 cents per kilometre after that.
