Search results
5 dni temu · The directive applies to employees and other persons travelling on Canada Revenue Agency (CRA) business, such as Members of Parliament, the Minister’s exempt staff and contractors, and is mandatory to follow.
2 dni temu · This refundable tax credit announced in Budget 2024 returns a portion of federal fuel charge proceeds directly to an estimated 600,000 small and medium businesses. Over $2.5 billion in retroactive payments will be issued to eligible Canadian-controlled private corporations (CCPCs) with respect to the 2019-2020 to 2023-2024 fuel charge years.
25 cze 2024 · For work-related mileage incurred from July 1, 2021, the ATO cents per kilometre rate for cars (not including motorcycles or vehicles with a carrying capacity of one tonne or more, or nine or more passengers, such as a utility truck or panel van) is: $0.72 per kilometre driven for business. Learn more about the historic ATO cents per km rates.
12 cze 2024 · The Canada Revenue Agency (CRA) is here to support you and your business in meeting your tax obligations. If you are a self-employed individual, or your spouse or common-law partner is self-employed, you have until June 15, 2024, to file your 2023 income tax and benefit return.
18 cze 2024 · Mileage log requirements for claiming mileage from the CRA. Self-employed individuals can claim mileage from the CRA using either the full or simplified logbook method. Employees claiming mileage at tax time must have kept a mileage log for the full year.
25 cze 2024 · Rates for travel expenses. The 2024 current mileage reimbursement rate is 70 cents per kilometre for the first 5,000km driven and 64 cents per kilometre after that. Any incidental expenses spent while using your car (such as charges for jump starts, tyre changes, etc.) are reimbursable as long as they are fair under the circumstances.
25 cze 2024 · FAQ. On this page you will find the ATO cents per kilometre rate for both the current and previous years. When claiming for mileage, you will want to use the rate for the year in which the driving took place. Quick refresher on the cents per km method. Each year, the ATO issues the standard car expense mileage rate for the coming year.
