Mileage Reimbursement 2024 Canada. Today, the department of finance canada announced the automobile income tax deduction limits and expense benefit rates for 2024. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or.

What is the cra mileage rate in 2024? The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada.