Canada Revenue Agency Mileage Rate 2024. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at. 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.
Here’s a breakdown of the recent revisions:. April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.