Cra Mileage Rate 2025 Calculator Google. √ Printable IRS Mileage Reimbursement Form What was the CRA mileage rate in 2024? To calculate mileage reimbursement, check out our handy CRA mileage reimbursement calculator. Once available, these rates will apply starting January 1, 2025.
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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 For class 10.1 passenger vehicles, the limit for CCA in 2025 is $38,000, before tax, for vehicles (new and used) acquired on or after January 1, 2025
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Historically, the CRA releases these rates in December for the upcoming year 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. You can find the historical reasonable per-kilometre allowance rates for the past 7 years in the table below.
Irs Mileage 2025 Reimbursement Rate Free Sara Roman. That means the maximum amount you can claim for a purchased vehicle is $38,000 Historically, the CRA releases these rates in December for the upcoming year
Mileage Allowance 2025 Cra Christopher Nolan. What was the CRA mileage rate in 2024? To calculate mileage reimbursement, check out our handy CRA mileage reimbursement calculator. What are the current CRA mileage rates for Canadian companies? For the 2025 tax year, the CRA mileage rates are set at: 72 cents per km for the first 5,000 km driven; 66 cents per km for each additional kilometer; These rates apply to all provinces, with slightly higher rates for the Territories to account for increased travel costs in those.