Mileage Rate For 2024 In Canada. 64 cents per kilometer for each additional kilometer. If you live in nunavut, northwest.
The kilometric rates (payable in cents per kilometre) will be used for the application of the directive on travel. From january 1st, 2024, per kilometre rates will increase 2 cents over 2023.
70 Cents Per Kilometre For The First 5000 Km Driven;
$0.70 per kilometer for the first 5,000 kilometers driven
The Rates For 2024 Will Be Available On Our Website In 2025.
70 cents per kilometre for the first 5000 km.
Mileage Rate For 2024 In Canada Images References :
Canada Revenue Agency Mileage Rate 2024 Jemmy Korney, The Tier 1 Rates Reflect An Overall.
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 cents per kilometre for the first 5,000 kilometers driven.
Meal And Vehicle Rates Used To Calculate Travel Expenses.
2024) we expect that a sustained period of below potential growth will help bring core inflation to the 2% target by the end of the year and persuade the bank of canada to cut interest rates further, with the policy rate ending the year at 3.75% and settling at 2.5% next year.