2024 Mileage Reimbursement Rate Ontario. The cra automobile allowance rates for 2024 are: 70 cents per km for the first 5000 km driven, up two cents from last year's rate.


2024 Mileage Reimbursement Rate Ontario

Calculate the motor vehicle benefit using the reasonable allowances rate calculation. The kilometric rates (payable in cents per kilometre) will be used for the application of the directive on travel.

If You Are Catching Up With Mileage Rates And Reimbursements For 2023, The Cra Rate For Automobile.

The canada revenue agency has announced the new 2024 mileage rates:

The Kilometrage(*) Rate Allowed For Use Of A Personally Owned Automobile While On Approved University Business Is 57 Cents Per Kilometre Effective February 1, 2020 (See.

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

2024 Mileage Reimbursement Rate Ontario Images References :

The Cra Has Issued The Mileage Rate For 2024, Applicable From January 1 Until December 31, 2024.

The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their.

70 Cents Per Kilometre For The First 5,000Km Driven.

July 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.

2024 Mileage Reimbursement Rate Ontario