Mileage Reimbursement 2024 Canada Tax. What is the 2024 cra automobile allowance. โ the capital cost allowance limit for passenger vehicles purchased in 2024 will increase by $1,000 to $37,000, plus applicable federal and provincial sales taxes,.
64 cents per kilometer for each additional kilometer. 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.