Cra Mileage Rate 2025 Calculator Osrs

Cra Mileage Rate 2025 Calculator Osrs. Cra Mileage Rate 2025 Ontario Leon Dietrich These rates are guided and established by the National Joint Council (NJC) and adopted by the Canada Revenue Agency for application of the Directive on Travel. For the 2025 tax year, the CRA mileage rates are set at: 72 cents per km for the first 5,000 km driven;

CRA Mileage Rate A 2024 Guide Timeero
CRA Mileage Rate A 2024 Guide Timeero from timeero.com

A reasonable per-kilometre amount is set by the Canada Revenue Agency (CRA) - you can find it in the Income Tax Regulations, in section 7306 These new rates are used to calculate deductible vehicle expenses for business use

CRA Mileage Rate A 2024 Guide Timeero

For example, if an employee drove 6,000 km for work-related purposes in 2025, their reimbursement. The kilometric rates (payable in cents per kilometre) below are payable in Canadian funds only However, CRA rates were slightly higher in Canadian Territories (the Northwest Territories, Yukon, and Nunavut) being 74.

Cra Mileage Rate 2024 Calculator India Dacia Electra. For 2025, these rates are different for provinces and territories You can find the historical reasonable per-kilometre allowance rates for the past 7 years in the table below.

Cra 2025 Medical Mileage Rate Manitoba Joshua Tyler. These new rates are used to calculate deductible vehicle expenses for business use Our free mileage reimbursement calculator for Canada automatically applies the current 2024 CRA mileage rates: Up to 5,000 km: 70¢/km (64¢/km for mileage thereafter) Northwest Territories, Yukon and Nunavut: Additional 4¢/km ‍