Mileage Rate 2024 Canada Calculator. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate. Canada revenue agency's (cra) mileage rates play a crucial role in determining the deductible costs for using a personal vehicle for business purposes.
Calculate the motor vehicle benefit using the fixed rate calculation. The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada.