September 7, 2024

Denna Bobinette

Explore ideas, tips guide and info Denna Bobinette

Mileage Reimbursement 2024 Canada Tax

Mileage Reimbursement 2024 Canada Tax. John, a freelancer, drives 1,000 miles for client meetings and is reimbursed by his clients at $0.60 per mile, totaling $600. July 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.


Mileage Reimbursement 2024 Canada Tax

As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that. The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles.

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