Cra Mileage Rate 2024. Reasonable allowances rate calculation (prescribed rates per kilometre from section 7306 of the itr) fixed rate calculation, if all conditions in step 5 are met (prescribed rates per. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage.
Reasonable allowances rate calculation (prescribed rates per kilometre from section 7306 of the itr) fixed rate calculation, if all conditions in step 5 are met (prescribed rates per. The rate is set to rise by two cents, reaching 70 cents per kilometre for the first 5,000 kilometres driven, and 64 cents for each additional kilometre.