Mileage Rate For 2024 In Canada. Confidence in rate cuts remains extremely strong across canadian lenders and investors. The 2024 business mileage charges released by the cra body enables employees to claim reimbursement at 70 cents for the first 5000 kilometers driven in.
64 cents per kilometre after that. 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.