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Canada

Self-Employed Taxes

Understanding the CRA Mileage Rate for 2024

The Canada Revenue Agency, also referred to as CRA and the Canadian equivalent to the IRS, allows residents to deduct business mileage on a cost per kilometre basis. This is known as the CRA Mileage Rate or the Automobile Allowance Rate, and just like the U.S. Standard Mileage Rate, it is not a fixed value and can vary year to year.

Posted on 
Feb 1, 2024
  by
Brad Thibeau
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