2024 Mileage Reimbursement Rate Ontario. If you are catching up with mileage rates and reimbursements for 2023, the cra rate for automobile allowances calculates 68¢ per kilometre for the first 5,000 kilometres driven and 62¢ per kilometre driven after that. Use the prescribed rate (section 7306 of the itr) per kilometre of personal driving to calculate the motor vehicle taxable benefit:
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. To calculate meal and vehicle expenses, you may choose the detailed or simplified method.