Canada Revenue Agency (CRA) Approved Mileage Rate

For personally-owned vehicles that are used for business purposes (either in your proprietorship, partnership, or company) we often claim the CRA approved mileage rate rather than claiming a portion of your vehicle gas, repairs, insurance, and registration. 

To claim mileage on your taxes you must keep a log of the kilometers that you drove for business purposes. The rate for 2024 is $.70 per kilometer for the first 5,000 kilometers and $.64 per kilometer for 5001 and more kilometers.

These rates are up from $.68 for the first 5,000 kilometers and $.62 for 5,001 and more kilometers in 2023