Mileage Allowance 2024 Canada. Generally, the benefit from personal driving of the employer provided motor vehicle is a taxable benefit. The cra mileage rates are a guide set by the canada revenue agency to reimburse taxpayers for vehicle expenses incurred for business.
From the cra’s official website , the 2024 automobile allowance rates are: In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates for.