Cra Mileage Allowance 2025 . Cra Medical Mileage Rate 2025 Yuna dekooij If you choose the detailed method to calculate meal expenses, you must keep your receipts and claim the actual amount that you spent. The Canada Revenue Agency (CRA) provides mileage rates and reasonable automobile allowances for those who need to use their personal vehicles for work-related purposes.
CRA Mileage Calculator 2024 DriveLog from drivelog.app
The kilometric rates (payable in cents per kilometre) below are payable in Canadian funds only Updated Mileage Rates Effective January 1, 2025, the mileage rates are: First 5,000 km: 72 cents per kilometre.
CRA Mileage Calculator 2024 DriveLog Apart from using the prescribed CRA mileage rate for 2024, an allowance will be considered reasonable and tax-deductible only if:. In Canada, the CRA has updated its rate to $0.70 per kilometer for the first 5,000 kilometers, with a lower rate for distances beyond that For class 10.1 passenger vehicles, the limit for CCA in 2025 is $38,000, before tax, for vehicles (new and used) acquired on or after January 1, 2025
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