2024 Mileage Rate Canada 2024. A lot depends on whether the car is new or used. Understanding and effectively applying these rates can lead to more accurate budgeting, financial forecasting, and tax optimization.

Use the prescribed rate (section 7305.1 of the itr) per kilometre of personal driving to calculate the motor vehicle benefit if all conditions in step 5 are met: Meal and vehicle rates used to calculate travel expenses.