Cra Mileage Rate 2024

Cra Mileage Rate 2024. The cra mileage rate for 2024 is: A vehicle allowance will be considered a taxable benefit if an employee or officer is paid:

Under the cra’s administrative policy, you can use the prescribed rate per kilometre of personal driving to calculate the value of the motor vehicle benefit using the fixed rate calculation if all of. $0.70 per kilometer for the first 5,000 kilometers.