Cra Mileage Allowance 2024. Capital cost allowances (cca) for class 10.1 passenger vehicles the ceiling for cca in. This article will address the cra mileage rate and taxpayers’ automobile income tax deduction limits in 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. Here are the key changes you need to know as a canadian business or driver for 2024.