Cra Mileage Rate 2024 Ontario

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 calculation if all of. What were the cra mileage rates in canada in 2024?

$0.70 per kilometer for the first 5,000 kilometers. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at.