Mileage Reimbursement 2024 Canada 2024 . The standard mileage rate for 2024 is currently 67 cents per mile, which is up from 65.5 cents per mile in 2023. The mileage reimbursement rate for 2024 will be adjusted to reflect the new rate determined by the department of finance canada annual publication which is a per.
This documentation ensures adherence to cra regulations, allowing for the calculation of a reimbursement allowance, with the rate capped at the specified maximum allowance. Rates are reviewed on a quarterly basis.
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2024 Mileage Rate Canada Kara Theodora , 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.