2024 Mileage Reimbursement Rate Canada 2024

2024 Mileage Reimbursement Rate Canada 2024. Understanding and effectively applying these rates can lead to more accurate budgeting, financial forecasting, and tax optimization. Calculate the motor vehicle benefit using the reasonable allowances rate calculation.

If you drive in the northwest territories, yukon or nunavut, cra mileage rates are 74¢ per kilometre for the first 5,000 kilometres and 68¢ afterwards. Gsa has adjusted all pov mileage reimbursement rates effective january 1, 2024.