Mileage Rate For 2024 Taxes Canada. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. A vehicle allowance will be considered a taxable benefit if an employee or officer is paid:
However, cra rates are slightly higher in canadian territories (the. As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that.