Mileage Rate 2024 Canada Eta. From the cra’s official website , the 2024 automobile allowance rates are: With inflation anchored at 2 per cent, the bank of canada led all g7 central banks in cutting its policy rate, reducing it five times in a row from 5 per cent to 3.25 per cent, with.

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 increasing to 70. ‍ to calculate mileage reimbursement, check out our handy cra mileage reimbursement calculator.