2025 Mileage Rate Cra India . Irs Mileage Rate 2025 Medical Travel Cora Meriel However, CRA rates were slightly higher in Canadian Territories (the Northwest Territories, Yukon, and Nunavut) being 74. They are as follows; 72 cents per kilometre for the first 5000 kilometres driven, and 66 cents for each additional kilometre
Standard Mileage Rate 2025 In India David Harris from davidaharris.pages.dev
The CRA has announced that the rate for 2025 is $0.72 per kilometre For taxpayers employed principally in the selling or leasing of automobiles, the prescribed rate is now 31 cents per kilometre.
Standard Mileage Rate 2025 In India David Harris Annually the Canada Revenue Agency (CRA) sets mileage expense rates for reimbursement when employees use personal vehicles for business purposes, and the District Office uses this rate for reimbursing its employees Effective January 1, 2025, several key thresholds are increasing, providing greater deductions for businesses and employees using vehicles for work-related purposes. Although you do not need to keep detailed receipts for actual expenses if you choose to use this method, the CRA may still ask you to provide some documentation to support your claim.
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