Mileage 2024 Cra. Rates are reviewed on a quarterly basis. The canada revenue agency (cra) uses the index of inflation from the previous year to determine how much tax canadians pay on different amounts of income in the next.
For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate increasing to 70. Generally, the benefit from personal driving of the employer provided motor vehicle is a taxable benefit.
