2025 Mileage Rate 2025 Canada 2025 2026 . IRS Announces 2025 Standard Mileage Rates Mileage reimbursement is calculated by multiplying the total miles driven for business purposes by the standard mileage rate The kilometric rates (payable in cents per kilometre) below are payable in Canadian funds only
The IRS Mileage Rate for 2025 MileIQ from mileiq.com
Updated Mileage Rates Effective January 1, 2025, the mileage rates are: First 5,000 km: 72 cents per kilometre. The President confirms that the 2025 mileage rate is increased from $0.70 per kilometre to $0.72 per kilometre, effective January 1, 2025
The IRS Mileage Rate for 2025 MileIQ The Canada Revenue Agency rate for 2025 is CAD $0.72/km for the first 5,000 km, then CAD $0.66/km thereafter. The Department of Finance Canada has announced the automobile deduction limits and expense benefit rates for 2025 The Canada Revenue Agency (CRA) has announced updated mileage reimbursement rates for 2025
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