Mileage Rate 2024 Cra. 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. (please refer to the collective agreements as to when these transportation rates take effect) 70ยข per kilometre for the first 5,000 kilometres driven
The following changes to limits and rates will take effect as of january 1, 2024: 64 cents per kilometer for each additional kilometer beyond 5,000.
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