Mileage Reimbursement Rate 2024 Canada Calculator

Mileage Reimbursement Rate 2024 Canada Calculator. Mileage reimbursement savings calculator using outdated manual mileage logs can cost businesses thousands of dollars per year in lost time and incorrect reimbursements. * airplane nautical miles (nms) should be converted into statute miles (sms) or.

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. The kilometric rate payable when a canadian registered vehicle is driven on government business travel in more than one province or in the usa shall be the rate.