Mileage Allowance 2024 Canada

Mileage Allowance 2024 Canada. The department of finance announced the automobile expense deduction limits and the prescribed rates for automobile operating expense benefits that will apply for the 2024. The amounts in 2024 were 70 cents for the first 5000 km, and then 64 cents for any kilometers after that.


Mileage Allowance 2024 Canada

These rates are guided and. See the related links to determine if the allowance is taxable and the necessary reporting requirements.

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