Mileage Rate 2024 Canada 2024. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate increasing to 70. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at.

64 cents per kilometer for each additional kilometer beyond 5,000. The cra mileage rate for 2024 is: