2024 Mileage Reimbursement Rate Ontario. The 2024 cra mileage rate in ontario is set to 70 cents per kilometer for the first 5,000 kilometers driven and 64 cents for each additional kilometer, the same as in other parts. Rates are reviewed on a quarterly basis.
The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their. 70 cents per km for the first 5000 km driven, up two cents from last year’s rate.
The Mileage Allowance Is 70 Cents For The First 5,000.
70 cents per km for the first 5000 km driven, up two cents from last year's rate.
In This Case, The Driven.
64 cents per kilometre after that.
2024 Mileage Reimbursement Rate Ontario Images References :
In This Case, The Driven.
The kilometric rates (payable in cents per kilometre) will be used for the application of the.
Rates Are Reviewed On A Quarterly Basis.
April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.