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2024 Cra Mileage Rate Deduction

2024 Cra Mileage Rate Deduction. The updated cra mileage rates for 2024 carry significant implications for both business owners and employees in canada. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate increasing to 70.


2024 Cra Mileage Rate Deduction

$0.70 per kilometer for the first 5,000 kilometers. These rates are guided and.

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