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If you choose the simplified method, claim in Canadian or US funds a flat rate of $23 per meal (for the 2023 tax year), to a maximum of $69 per day (sales tax included) per person, without receipts.
The automobile allowance rates for 2023 are: 68¢ per kilometre for the first 5,000 kilometres driven. 62¢ per kilometre driven after that. In the Northwest Territories, Yukon, and Nunavut, there is an additional 4¢ per kilometre allowed for travel. The automobile allowance rates for 2022 are: 61¢ per kilometre for the first 5,000 kilometres driven.
10 sty 2023 · Appendix A: CRA Kilometric Rates. Effective: January 1, 2023. The kilometric rates (payable in cents per kilometre) will be used for the application of the Directive on Travel. Rates are payable in Canadian funds only.
6 cze 2024 · Choose a CRA per-kilometre rate or enter your own. Simply enter how many km you drove to calculate your allowance or deduction.
17 kwi 2024 · The 2023 CRA mileage rates are 68¢ per km for the first 5,000 kilometres driven and 62¢ per km after that. The Northwest Territories, Yukon, and Nunavut have an additional 4¢ per km allowed for travel. Ontario mileage rate 2023. Ontario uses the official CRA mileage rate for the reimbursement of business-related vehicle expenses.
Canada Revenue Agency's (CRA) mileage rates play a crucial role in determining the deductible costs for using a personal vehicle for business purposes. In this blog post, we'll explore the 2023 CRA mileage rates, their implications, and how to effectively track your kilometres for tax purposes. 2023 CRA Mileage Rates.
What are the automobile deduction rates for 2023? The changes to limits and rates took effect on January 1, 2023. Fortunately, the Canadian government made new changes involving increases to common automobile deductions. To understand how this will have an effect on your tax claim, review the following announcements from the DFC below:
