Revenue Canada Mileage Rate 2024 . Here’s a breakdown of the recent revisions: A vehicle allowance will be considered a taxable benefit if an employee or officer is paid:
As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that. — the cra mileage rates are a guide set by the canada revenue agency to reimburse taxpayers for vehicle expenses incurred for business use.
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