2025 Mileage Rate Cra India . 2025 Mileage Allowance 2025 Mileage Allowance Clifford A. Effective January 1, 2025, several key thresholds are increasing, providing greater deductions for businesses and employees using vehicles for work-related purposes. The CRA has announced that the rate for 2025 is $0.72 per kilometre
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The general prescribed rate used to determine the taxable benefit relating to the personal portion of the operating costs of an employer-provided automobile has increased by one cent to 34 cents per kilometre for 2025 However, CRA rates were slightly higher in Canadian Territories (the Northwest Territories, Yukon, and Nunavut) being 74.
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