2024 Mileage Reimbursement Rate Ontario. Rates are reviewed on a quarterly basis. 70 cents per km for the first 5000 km driven, up two cents from last year's rate.
Rates are payable in canadian funds only. In the territories, the mileage rate is 74 cents per km for the first 5,000 kilometres and 68 cents after that.
Multiply Miles By 1.609 To Convert To Kilometres.
Select year or custom rate.
Rates Are Reviewed On A Quarterly Basis.
As a salaried individual, your employer may reimburse you for any expenses incurred when using your personal car for work.
If You Are Catching Up With Mileage Rates And Reimbursements For 2023, The Cra Rate For Automobile Allowances Calculates 68ยข Per Kilometre For The First 5,000 Kilometres Driven And 62ยข Per Kilometre Driven After That.
64 cents per kilometre after that;
Canada Raises The Per Kilometre Reimbursement Rate To 70 Cents Per Kilometre For Employees Using Personal Vehicles For Work.
What is the cra reasonable allowance for mileage rates for 2023/2024?