Revenue Canada Mileage Rate 2024. A vehicle allowance will be considered a taxable benefit if an employee or officer is paid: The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada.

The 2024 business mileage charges released by the cra body enables employees to claim reimbursement at 70 cents for the first 5000 kilometers driven in. The cra mileage rate for 2024 is set at 70 cents for the first initial 5,000 kilometers and 64 cents for each subsequent kilometer.