Mileage Rate 2024 Cra. Track business driving with ease. These rates are guided and established by the national joint council (njc) and adopted by the canada revenue agency for application of the directive on travel.
Rates are reviewed on a quarterly basis. Here’s the cra’s automobile allowance rates for the past five years:
Rates Are Reviewed On A Quarterly Basis.
The cra has issued the mileage rate for 2024, applicable from january 1 until december 31, 2024.
The Mileage Allowance Is 70 Cents For The First 5,000 Kilometres And 64 Cents For Each Additional Kilometre.
Current mileage reimbursement rate 2024.
Mileage Rate 2024 Cra Images References :
What Is The Cra Mileage Rate In 2024?
From the cra’s official website, the 2024 automobile allowance rates are:
The Following Changes To Limits And Rates Will Take Effect As Of January 1, 2024:
The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles will increase to $37,000 from $36,000, before tax, in respect of new and used vehicles acquired on or after january 1, 2024.