2024 Mileage Reimbursement Rate 2024. If you are a sole trader or qualifying close company and use the kilometre rate method to claim business vehicle costs, this new rate applies for the 2024 year, that is,. April 1, 2024 the kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.

Uses a rate that takes all your vehicle running expenses (including registration, fuel, servicing and insurance) and depreciation into account. Rates are reviewed on a quarterly basis.