From the cra’s official website , the 2024 automobile allowance rates are: The mileage allowance is 70 cents for the first 5,000.
No one offers more ways to get tax help than h&r block. 64 cents per kilometre after that.
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.
If you drive in the northwest territories, yukon or.
70¢ Per Kilometre For The First 5,000 Kilometres Driven.
$0.70 per kilometer for the first.
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The Kilometric Rates (Payable In Cents Per Kilometre) Will Be Used For The Application Of The.
In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates.