Mileage Rate For 2024 In Canada. The general prescribed rate used to determine the taxable benefit of employees relating to the personal portion of automobile expenses paid by their employers will remain at 33 cents per. In case an employer pays their employee a mileage allowance above reasonable rates, the excess should be considered taxable income.

Meal and vehicle rates used to calculate travel expenses. April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.