June 17, 2024

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Ontario Mileage Rate 2024

Ontario Mileage Rate 2024

The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is: The automobile allowance rates for 2024 are:


Ontario Mileage Rate 2024

Canada has recently advised of a change to the mileage rates, effective january 01, 2024. In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates.

In The Northwest Territories, Yukon, And Nunavut, There Is An Additional 4¢ Per Kilometre Allowed For Travel.

In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates.

The Budget Predicts That, By The Election In 2026, Ontario’s Economy.

70 cents per km for the first 5000 km driven, up two cents from last year’s rate.

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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.

Effective april 1, 2024 the rates payable in cents per kilometre for the use of privately owned vehicles driven on authorized government business travel are shown.

The Automobile Allowance Rates For 2024 Are:

The standard mileage rate from janury 1st, 2024 to december 31st, 2024 is: