Mileage Rate For 2024 Canada Tax. The following changes to limits and rates will take effect as of january 1, 2024: These rates apply to your taxable income.

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. April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.