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Meal and vehicle rates used to calculate travel expenses for 2023 - Canada.ca. The rates for 2024 will be available on our website in 2025. If you are an employer, go to Automobile and motor vehicle allowances. Meal and vehicle rates for previous years are also available. The following applies to the 2023 tax year.
An allowance is any payment that employees receive from an employer for using their own vehicle in connection with or in the course of their office or employment without having to account for its use. This payment is in addition to their salary or wages. An allowance is taxable unless it is based on a reasonable per-kilometre rate.
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 ...
13 sty 2022 · The Automobile Benefits Online Calculator allows you to calculate the estimated automobile benefit for employees (including shareholders) based on the information you provide. The Canada Revenue Agency (CRA) does not keep any of the data you provide to complete your calculation.
23 kwi 2024 · Use the mileage calculator below to get an overview of how much you can receive as vehicle mileage reimbursement or deduction from the CRA for the year based on your work-related kilometres. CRA mileage calculator. Enter your driving below to estimate the reimbursement or CRA deduction you are entitled to for your business kilometres. Select rate.
18 sty 2024 · Mileage allowance in Canada is normally calculated on a per-kilometre basis and is meant to cover the costs of owning and operating a personal vehicle for business-related purposes. Every year, the CRA publishes a reasonable per-kilometre allowance rate that employers can use to compensate employees. Track business driving with ease.
19 gru 2023 · The current rate for mileage in Canada is 70¢ per kilometre for the first 5,000 kilometres driven. After 5000 km the rate drops to 64¢ per kilometre for business purposes.
