Mileage Rate 2024 Cra. 70 cents per km for the first 5000 km driven, up two cents from last year's rate. The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is:
The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their. For this year, the canadian revenue agency updated the rates to 70 cents for the first 5,000 km, and 64 cents per.
70 Cents Per Kilometer For The First 5,000 Kilometers.
70 cents per km for the first 5000 km driven, up two cents from last year's rate.
These Rates Will Be In Effect From July 1, 2024 To September 30, 2024.
Compact cars typically offer young drivers a low price and good gas mileage.
$0.70 Per Kilometer For The First.
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70ยข Per Kilometre For The First 5,000 Kilometres Driven.
70 cents per km for the first 5000 km driven, up two cents from last year's rate.
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This rate directly impacts financial management.
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.
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