Business Mileage Rate 2024 Canada. The 2024 business mileage charges released by the cra body enables employees to claim reimbursement at 70 cents for the first 5000 kilometers driven in. As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that.
Canada revenue agency’s (cra) mileage rates play a crucial role in determining the deductible costs for using a personal vehicle for business purposes. In this guide, we will provide a definitive overview of what the system entails, so employers know exactly how to reimburse employees for mileage and their employees know how.
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