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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 · 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. Rates are reviewed on a quarterly basis effective January 1st of every year.
1 lip 2023 · Appendix A: CRA Kilometric Rates. Effective: July 1, 2023. The kilometric rates (payable in cents per kilometre) below are payable in Canadian funds only. Rates are reviewed on a quarterly basis.
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.
19 gru 2023 · The mileage rate in Canada for 2023 is: 68 cents per kilometre for the first 5,000 kilometres driven. 62 cents per kilometre driven after that. An extra 4 cents per kilometre in the Northwest Territories, Yukon, and Nunavut. See previous years' per kilometre rates for business-related driving. Alternatives to the mileage rate in Canada.
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.
10 sty 2023 · The rate used to determine the taxable benefit relating to the personal portion of automobile operating expenses paid by employers increased to 33 cents per kilometre (from 29 cents), as of January 1, 2023.
