2024 Cra Mileage Rate Deduction. To determine the amount you can claim for vehicle expenses, multiply the number of kilometres by the cents/km rate from the chart below for the province or territory in which the travel. The capital cost allowance limit for passenger vehicles purchased in 2024 will increase by $1,000 to $37,000, plus applicable federal and provincial sales taxes, and the limit.
$0.70 per kilometer for the first 5,000 kilometers driven; The rate is set to rise by two cents, reaching 70 cents per kilometre for the first 5,000 kilometres driven, and 64 cents for each additional kilometre.