Cra Mileage Rate 2024 Calculator Google
Cra Mileage Rate 2024 Calculator Google. To calculate vehicle allowance amounts provided by employers using the cra mileage rate, multiply an employee’s total business kilometres driven during a given tax year with the corresponding kilometric rate of ($0.70. 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.
How to calculate mileage rates in canada. the cra mileage rate for 2024 is set at 70 cents for the first initial 5,000.