2024 Mileage Reimbursement Rate Canada 2024. Department of finance canada announced the automobile income tax deduction limits and expense benefit rates for 2024. For example, in canada, the rate for the first 5,000 kilometers is 70¢ and any kilometer after that is 60¢.
The kilometric rate payable when a canadian registered vehicle is driven on government business travel in more than one province or in the usa shall be the rate applicable to. 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.