Mileage Rate 2024 Ontario Tax
Mileage Rate 2024 Ontario Tax. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or. If you drive in the northwest territories, yukon or nunavut, cra mileage rates are 74¢.
Spotlight on recent changes to the taxation of capital gains and employee stock options. Knowing the specific mileage rates for 2024 can help you effectively manage your travel expenses and maximize tax deductions.