Current Mileage Rate For 2024 In Canada

Current Mileage Rate For 2024 In Canada. Here’s a breakdown of the recent revisions: The rates payable in cents per kilometre for the use of privately owned vehicles driven on authorized government business travel are shown below:.

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 increasing to 70. Government utilizes a monthly adjustment in the rate per kilometer paid to employees who use their private vehicles for work.