Mileage Rate 2024 Canada. The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. Canada kilometer reimbursement 2024 cati mattie, the mileage allowance is 70 cents for the first 5,000.
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. Confidence in rate cuts remains extremely strong across canadian lenders and investors.