Business Mileage Rate 2024 Cra. Rates are reviewed on a quarterly basis. 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.

The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. When we flip the calendar into the new year, drivers will be looking at a new, slightly higher standard mileage rate for a deduction for business use on their 2024 federal.