Ontario Mileage Rate 2024. The mileage rate in ontario for 2024 is the same rate as for all canadian provinces: 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.
64 cents per kilometre after that. From the cra’s official website , the 2024 automobile allowance rates are:
The Cra Automobile Allowance Rates For 2024 Are:
You can find upcoming cpi release dates on our schedule.
April 1, 2024 The Kilometric Rates (Payable In Cents Per Kilometre) Below Are Payable In Canadian Funds Only.
The following changes to limits and rates will take effect as of january 1, 2024:
Ontario Mileage Rate 2024 Images References :
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.
The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles.
The Economy Grew By An Estimated 1.2 Per Cent In 2023 And Will Drop To Just 0.3 Per Cent Growth In 2024.