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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. 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.
12 paź 2022 · The kilometric rate payable when a Canadian registered vehicle is driven in more than one province or in the USA shall be the rate applicable to the province or territory of registration of the vehicle. Date modified: 2022-10-12.
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.
19 gru 2023 · The CRA mileage rate for 2023. The standard mileage rate from Janury 1st, 2023 to December 31st, 2023 is: 68 cents per kilometre for the first 5000 km driven. 62 cents per kilometre after that. An additional 4 cents per kilometre in the Northwestern Territories, Nunavut and Yukon.
For 2023, the Department of Finance Canada made some notable changes to the automobile income tax deduction limits and expense benefit rates. Here’s a look at how those changes will impact you. What are the automobile deduction rates for 2023? The changes to limits and rates took effect on January 1, 2023.
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.
