Canada Revenue Agency Mileage Rate 2024. An input tax credit can be claimed by the employer based on the mileage allowance paid to the employees or officers. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
What were the cra mileage rates in canada in 2024? Use the prescribed rate (section 7306 of the itr) per kilometre of personal driving to calculate the motor vehicle taxable benefit:
