2025 Mileage Reimbursement Rate Canada

2025 Mileage Reimbursement Rate Canada. 2025 Mileage Reimbursement Rate Canada Richie Lingo 2025: $0.72: $0.66: $0.76: $0.70: 2024: $0.70: $0.64: $0.74: $0.68: 2023: $0.68: $0.62: $0.72: $0.66: These new rates are used to calculate deductible vehicle expenses for business use

IRS Announces 2025 Standard Mileage Rates Marshfield Insurance
IRS Announces 2025 Standard Mileage Rates Marshfield Insurance from marshfieldinsurance.agency

Here is the associated news release from the Government of Canada Calculate your 2025 Canada Revenue Agency mileage reimbursement

IRS Announces 2025 Standard Mileage Rates Marshfield Insurance

You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or employment duties. Updated Mileage Rates Effective January 1, 2025, the mileage rates are: First 5,000 km: 72 cents per kilometre. You can find the historical reasonable per-kilometre allowance rates for the past 7 years in the table below.

2025 Mileage Reimbursement Rate Chart Printable Todd Alvarez. You may provide an allowance or a reimbursement to your employee to compensate for use of their automobile or motor vehicle in connection with or in the course of their office or employment duties. The kilometric rates (payable in cents per kilometre) below are payable in Canadian funds only

2025 Mileage Reimbursement Rate Canada In India Isla Hodes. These new rates are used to calculate deductible vehicle expenses for business use The Canada Revenue Agency (CRA) has announced updated mileage reimbursement rates for 2025