Cra Mileage Rate 2024 Calculator Online
Cra Mileage Rate 2024 Calculator Online. Calculate the motor vehicle benefit using the reasonable allowances rate calculation. Mileage reimbursement allowance in canada cra (2024) by:
To calculate vehicle allowance amounts provided by employers using the cra mileage rate, multiply an employee’s total business kilometres driven during a given tax year with the corresponding kilometric rate of ($0.70. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.