The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that.
As a salaried individual, your employer may reimburse you for any expenses incurred when using your personal car for work. 70¢ per kilometre for the first 5,000 kilometres driven.
When You Do Get Your Reimbursements, Make Sure.
As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that.
If You Drive In The Northwest Territories, Yukon Or.
The automobile allowance rates for 2024 are:
Images References :
The Canada Revenue Agency Has Announced The New 2024 Mileage Rates:
The mileage allowance is 70 cents for the first 5,000.
In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.