Mileage Rate 2024 Ontario 2024. July 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 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.
This guide provides a comprehensive overview of everything. 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.
