2025 Mileage Rate 2025 Canada 2025 2026. Mileage Reimbursement Allowance in Canada CRA (2025) PiggyBank The Canada Revenue Agency (CRA) has announced updated mileage reimbursement rates for 2025 These new rates are used to calculate deductible vehicle expenses for business use
Mileage Rate 2025 Ontario Government Megan Knox from meganknox.pages.dev
Calculate your 2025 Canada Revenue Agency mileage reimbursement The Department of Finance Canada has announced the automobile deduction limits and expense benefit rates for 2025
Mileage Rate 2025 Ontario Government Megan Knox
For example: If you drove 500 miles for work in 2025: 500 miles × $0.70 = $350 in reimbursement The following changes to limits and rates will be taking effect as of January 1, 2025: The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will be increased from $37,000 to $38,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2025. 2025 Automobile Deduction Limits and Expense Benefit Rates
Mileage Reimbursement Allowance in Canada CRA (2025) PiggyBank. The automobile allowance rates for 2025 are: 72¢ per kilometre for the first 5,000 kilometres driven; 66¢ per kilometre driven after that; December 30, 2024 - Ottawa, Ontario - Department of Finance Canada Mileage reimbursement is calculated by multiplying the total miles driven for business purposes by the standard mileage rate
Mileage Reimbursement 2025 Medical Thomas E Godines. The kilometric rates (payable in cents per kilometre) below are payable in Canadian funds only Download PDF Publication Date: Jan 1, 2025 File type: PDF (118 KB)