Mileage Rate 2024 Ontario. 70 cents per kilometre for the first 5000 km driven. For 2024, the department of finance canada made some notable changes to the automobile income tax deduction limits and mileage rates, with the initial mileage rate.
The ceiling for capital cost allowances (cca) for class 10.1 passenger vehicles. The cra has issued the mileage rate for 2024, applicable from january 1 until december 31, 2024.