Mileage Rate 2024 Canada. The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. The canadian revenue agency (cra) mileage rate for the year 2023 has been set at 68 cents per kilometre for business travel,.
The cra mileage rate for 2024 is set at 70 cents for the first initial 5,000 kilometers and 64 cents for each subsequent kilometer. The amounts in 2024 were 70 cents for the first 5000 km, and then 64 cents for any kilometers after that.