Cra Mileage Rates 2024

Cra Mileage Rates 2024. 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. Here’s the cra’s automobile allowance rates for the past five years:

‍ the cra mileage rate for 2024 is set at 70 cents for the first initial 5,000. A vehicle allowance will be considered a taxable benefit if an employee or officer is paid: