Mileage Rates 2024 Canada. The following table reflects the kilometric/mileage rates in canadian dollars which apply outside canada and the u.s.a. 64 cents per kilometre after that.
In the northwest territories, yukon, and nunavut, there is an additional 4¢ per kilometre allowed for travel. The automobile allowance rates for 2024 are:
70¢ Per Kilometre For The First 5,000 Kilometres.
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.
70 Cents Per Km For The First 5000 Km Driven, Up Two Cents From Last Year's Rate.
The meal rates are reviewed every six (6) months and resulting revisions, if any, are effective as of april.
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