Mileage Rate 2024 Cra. 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 the year 2024. 70 cents per kilometer for the first 5,000 kilometers driven for business purposes.

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. From the cra’s official website, the 2024 automobile allowance rates are: