2024 Mileage Rate Canada

2024 Mileage Rate Canada. 64 cents per kilometer for each additional kilometer beyond 5,000. 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 increasing to 70.

Historical mileage rates in canada. Use the prescribed rate (section 7306 of the itr) per kilometre of personal driving to calculate the.