Mileage Rate 2024 Ontario Canada

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Mileage Rate 2024 Ontario Canada. 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. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.


Mileage Rate 2024 Ontario Canada

From the cra’s official website, the 2024 automobile allowance rates are: Rates are reviewed on a quarterly basis.

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