Mileage Rate 2024 Canada Tax

Mileage Rate 2024 Canada Tax. 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 increasing to 70. 70 cents per kilometer for the first 5,000 kilometers.


Mileage Rate 2024 Canada Tax

64 cents per kilometer for each additional kilometer. For tax year 2024, the standard mileage rates for the use of a vehicle (including vans, pickups or panel trucks) will be:

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