2024 Mileage Rate Ontario. The budget predicts that, by the election in 2026, ontario’s economy. As of 2024, the cra will give back 70¢ per kilometre for the first 5,000 kilometres driven and 64¢ per kilometre after that.
From the cra’s official website , the 2024 automobile allowance rates are: 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.