Mileage Reimbursement 2024 Kyoda.  — in a significant move that will impact businesses across the nation, the department of finance canada has announced changes to the deductible mileage rates for the year 2024. Effective january 1, 2024, the mileage reimbursement rate changed from 65.5 cents to 67 cents per mile as directed by internal revenue service (irs).

The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only. 67 cents per mile driven for business use, an increase of 1.5 cents from 2023.