Ontario Mileage Rate 2024. The standard mileage rate is 68 cents per kilometre for the first 5,000km, then 62 cents for each additional kilometre. The 2024 cra mileage rate in ontario is set to 70 cents per kilometer for the first 5,000 kilometers driven and 64 cents for each.
64¢ per kilometre driven after that in the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed for travel. If you are catching up with mileage rates and reimbursements for 2023, the cra rate for automobile.
In 2024, The Cra Has Updated Its Mileage Rates To 70 Cents Per Kilometre For The First 5,000 Kilometres Driven And 64 Cents Thereafter.
The mileage rate in ontario for 2024 is the same rate as for all canadian provinces:
What Is The Cra Mileage Rate 2024 And How Is It Calculated?
What is the cra reasonable allowance for mileage rates for 2023/2024?
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In A Significant Move That Will Impact Businesses Across The Nation, The Department Of Finance Canada Has Announced Changes To The Deductible Mileage Rates.
What is the 2024 cra mileage rate in ontario?
The Automobile Allowance Rates For 2024 Are:
The canada revenue agency has announced the new 2024 mileage rates:
64¢ Per Kilometre Driven After That In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.