2024 Mileage Reimbursement Rate Ontario

2024 Mileage Reimbursement Rate Ontario. 70 cents per km for the first 5000 km driven, up two cents from last year's rate. The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles.

From the cra’s official website, the 2024 automobile allowance rates are: For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage.