What Is The Mileage Rate For 2024

What Is The Mileage Rate For 2024. Use the prescribed rate (section 7305.1 of the itr) per kilometre of personal driving to calculate the motor. Calculate the motor vehicle benefit using the fixed rate calculation.


What Is The Mileage Rate For 2024

July 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. The new irs mileage rates for 2024 are 67 cents per mile for business purposes (up from 65.5 cents per mile in 2023), 21 cents per mile for medical or moving.

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