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Ontario Mileage Reimbursement Rate 2024

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Ontario Mileage Reimbursement Rate 2024

If you drive in the northwest territories, yukon or. The 2024 cra mileage rate in ontario is set to 70 cents per kilometer for the first 5,000 kilometers driven and 64 cents for each.


Ontario Mileage Reimbursement Rate 2024

Meal and vehicle rates used to calculate travel expenses. In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage.

Government Employees, Elected Officials And Others Engaged In Work For The Government Can Claim — And Be Reimbursed For — Necessary Travel, Meal And.

What is the 2024 cra mileage rate in ontario?

An Employer Can Choose To Pay Out Mileage Reimbursement By The Mileage Rate Set By The Cra Or Reimburse Specific Expenses For Employees’ Business.

As a salaried individual, your employer may reimburse you for any expenses incurred when using your personal car for work.

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When Public Transportation Is Not Available And A Personal Vehicle Is Used, Payment Is Made At The Approved Mileage Rate.

The cra mileage rate for 2024.

An Employer Can Choose To Pay Out Mileage Reimbursement By The Mileage Rate Set By The Cra Or Reimburse Specific Expenses For Employees’ Business.

Rates are reviewed on a quarterly basis.