Business Mileage Rate 2025 Cra . Cra Mileage Rate 2024 Calculator Loria Evangelin Updated Mileage Rates Effective January 1, 2025, the mileage rates are: First 5,000 km: 72 cents per kilometre. The Canada Revenue Agency (CRA) has announced updated mileage reimbursement rates for 2025
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These new rates are used to calculate deductible vehicle expenses for business use If there is no business (employment-related) driving,
Canada Revenue Agency Mileage Rate 2024 Iris Renell These include several changes from last year's limits and rates 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 The 2025 business mileage charges released by the CRA body enables employees to claim reimbursement at 70 cents for the first 5000 kilometers driven in business-related journeys
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Source: neprocoxyv.pages.dev Printable Mileage Log 26+ Examples, Format, How to Make, Pdf , For zero-emission passenger vehicles (class 54), the CCA limit is $61,000 in 2025. The following changes to limits and rates will be taking effect as of January 1, 2025: The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will be increased from $37,000 to $38,000, before tax, in respect of vehicles (new and used) acquired on or.
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