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Ontario Mileage Reimbursement Rate 2024
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Ontario Mileage Reimbursement Rate 2024. The mileage reimbursement rate for 2024 will be adjusted to reflect the new rate determined by the department of finance canada annual publication which is a per. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office.
The cra mileage rate for 2024. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage.
70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.
What is the cra reasonable allowance for mileage rates for 2023/2024?
July 1, 2024 The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
The mileage allowance is 70 cents for the first 5,000.
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