2024 Mileage Rate Canada Tax. 70 cents per kilometer for the first 5,000 kilometers driven for business purposes. However, cra rates are slightly.
The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at 33 cents per kilometre for 2024. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or.