Business Mileage Rate 2024 Canada. The canada revenue agency (cra) establishes the annual maximum automobile allowance rate for personal automobiles used for business purposes within corporations. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
What is the cra mileage rate in 2024? The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at.
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