Ontario Government Mileage Rate 2024. In 2024, the cra has updated its mileage rates to 70 cents per kilometre for the first 5,000 kilometres driven and 64 cents thereafter. $0.70 per kilometer for the first.
Here’s a breakdown of the recent revisions: Here’s a complete look at how these changes will impact you.
Rates Are Reviewed On A Quarterly Basis.
The economy grew by an estimated 1.2 per cent in 2023 and will drop to just 0.3 per cent growth in 2024.
After 5,000 Km, The Rate Decreases To 64 Cents Per Kilometre.
The kilometric rates (payable in cents per kilometre) will be used for the application of the directive on travel.
Ontario Government Mileage Rate 2024 Images References :
Here’s A Breakdown Of The Recent Revisions:
The rates payable in cents per kilometre for the use of privately owned vehicles driven on authorized government business travel are shown below: