2024 Mileage Rate Canada Calculator. The kilometric rate payable when a canadian registered vehicle is driven on government business travel in more than one province or in the usa shall be the rate applicable to. The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada.
Canada revenue agency’s (cra) mileage rates play a crucial role in determining the deductible costs for using a personal vehicle for business purposes. โ to calculate vehicle allowance amounts provided by employers using the cra mileage rate, multiply an employeeโs total business kilometres driven during a given tax year with the.