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.


2024 Cra Mileage Rate Deduction

$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.

2024 Cra Mileage Rate Deduction Images References :