Revenue Canada Mileage Rate 2024

Revenue Canada Mileage Rate 2024. Calculate the motor vehicle benefit using the fixed rate calculation. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate increasing to 70.

64¢ per kilometre after that. In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates for the year 2024.