Cra Mileage Rate 2024 Ontario. Under the cra's administrative policy, you can use the prescribed rate per kilometre of personal driving to calculate the value of the motor vehicle benefit using the fixed rate. 70¢ per kilometre for the first 5,000 kilometres.
The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is: The cra automobile allowance rates for 2024 are:
The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
After 5,000 km, the rate.
What Is The 2024 Cra Mileage Rate In Ontario?
From the cra’s official website, the 2024 automobile allowance rates are:
Cra Mileage Rate 2024 Ontario Images References :
The Northwest Territories, Yukon, And.
The 2024 cra mileage rate in ontario is set to 70 cents per kilometer for the first 5,000 kilometers driven and 64 cents for each.
In 2024, The Cra Has Updated Its Mileage Rates To 70 Cents Per Kilometre For The First 5,000 Kilometres Driven And 64 Cents Thereafter.