2024 Mileage Rate Canada 2022

2024 Mileage Rate Canada 2022. In case an employer pays their employee a mileage allowance above reasonable rates, the excess should be considered taxable income. Cra’s 2024 automobile allowance rates for all provinces:


2024 Mileage Rate Canada 2022

74 cents per kilometer for the first 5,000 kilometers. Use the prescribed rate (section 7306 of the itr) per kilometre of personal driving to calculate the.

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