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Cra Allowable Mileage Rate 2024

Cra Allowable Mileage Rate 2024. The cra mileage rate in 2024 is set at 70 cents for the initial 5,000 kilometers and 64 cents for each subsequent kilometer. The kilometric rates (payable in cents per kilometre) will be used for the application of the directive on.


Cra Allowable Mileage Rate 2024

These rates define the amount that the cra considers a reasonable allowance when. Cra vehicle (automobile) allowance rates for 2024:

The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The Directive On.

70 cents per kilometre for the first 5000 km driven.

Calculate The Motor Vehicle Benefit Using The Reasonable Allowances Rate Calculation.

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.

Cra Allowable Mileage Rate 2024 Images References :

If You Drive In The Northwest Territories, Yukon Or.

The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is:

Calculate The Motor Vehicle Benefit Using The Reasonable Allowances Rate Calculation.

$0.70 per kilometer for the first.