Cra Approved Mileage Rate 2024. 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. This documentation ensures adherence to cra regulations, allowing for the calculation of a reimbursement allowance, with the rate capped at the specified maximum allowance rates.
Rates are reviewed on a quarterly basis. This is a 3% increase in comparison to.