Mileage Rate 2024 Canada. The cra mileage rate in 2024 is set to: If you are an employer, go to automobile and motor. The formula is as follows:
(24,000 ÷ 32,000) × $8,000 = $6,000. 70 cents per kilometre for the first 5000 km driven.
As Of 2024, The Cra Will Give Back 70¢ Per Kilometre For The First 5,000 Kilometres Driven And 64¢ Per Kilometre After That.
70¢ per kilometre for the first 5,000 kilometres driven.
64¢ Per Kilometre Driven After That.
The general prescribed rate for determining the taxable benefit of employees related to the personal portion of automobile expenses paid by their employers will.
Images References :
The Rates For 2024 Will Be Available On Our Website In 2025.
The date of this year’s federal budget has not yet been announced by finance minister chrystia freeland.
Mileage/Kilometer Tracking For Salaried Workers.
The canada revenue agency has announced the new 2024 mileage rates: