2024 Mileage Reimbursement Rate Ontario

2024 Mileage Reimbursement Rate Ontario. April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 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.

Here’s the cra’s automobile allowance rates for the past five. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their.