Cra Mileage Rate 2024 Calculator. Keep in mind, if you’re driving in the northwest territories, yukon, and nunavut, there is an additional $0.04 per kilometer allowed for travel (starting at $0.74 per kilometer, then $0.68 after 5,000 kilometers driven). If you choose the detailed method to calculate meal expenses, you must keep your receipts and claim the actual amount that you spent.
The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. An additional 4 cents per kilometre in the northwestern territories, nunavut and yukon.
70 Cents Per Kilometre For The First 5000 Km.
The northwest territories, yukon, and nunavut get an additional 4¢ per kilometre:
64 Cents Per Kilometre After That.
An additional 4 cents per kilometre in the northwestern territories, nunavut and yukon.
The Ceiling For Capital Cost Allowances (Cca) For Class 10.1 Passenger Vehicles Will Increase To $37,000 From $36,000, Before Tax, In Respect Of New And Used Vehicles.
70¢/km (64¢/km for mileage thereafter) northwest territories, yukon and nunavut:
Government Announces The 2024 Automobile Deduction Limits And Expense Benefit Rates For Businesses;
From the cra’s official website, the 2024 automobile allowance rates are: