2024 Mileage Rate Canada. In a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates for the year 2024. The cra mileage rate for 2024 is set at 70 cents for the first initial 5,000 kilometers and 64 cents for each subsequent kilometer.

$0.70 per kilometer for the first 5,000 kilometers driven The rates payable in cents per kilometre for the use of privately owned vehicles driven on.