Cra Allowable Mileage Rate 2024 Tax Year. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. This article will address the cra mileage rate and taxpayers’ automobile income tax deduction limits in 2024.

$0.70 per kilometer for the first 5,000 kilometers driven; The cra mileage rates directly impact your bottom line, enabling you to accurately calculate your business expenses and maximize your potential tax deductions.