Cra Mileage Rate 2024 Ontario. In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates. 70¢ per kilometre for the first 5,000 kilometres.
The cra has issued the mileage rate for 2024, applicable from january 1 until december 31, 2024. Rates are reviewed on a quarterly.