Business Mileage Rate 2025 Cra . Standard Mileage Rate 2023 Calculator Printable Forms Free Online Use the CRA mileage rate for 2025 to calculate business kilometres in the following year's tax return. Instead, you must: Log business driving separately from personal use
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Self-employed individuals cannot directly apply the mileage rate to deduct vehicle costs The Department of Finance Canada has announced the automobile deduction limits and expense benefit rates for 2025
Business Mileage Rate 2024 Calculator Alana Augusta Upon surpassing the 5000-kilometer mileage threshold, employees can claim at a range of 64 cents for every kilometer afterward. Self-employed individuals cannot directly apply the mileage rate to deduct vehicle costs Generally, the CRA considers an allowance based on the per-kilometre rates prescribed in section 7306 of the Income Tax Regulations (ITR) (maximum amount deductible as a business expense) to be reasonable.
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