Cra Reasonable Mileage Rate 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 cents per kilometre for the first 5,000 kilometers driven. From the cra’s official website, the 2024 automobile allowance rates are:
64 cents per kilometer for each additional kilometer beyond 5,000. Here’s the cra’s automobile allowance rates for the past five years: