Question: What Is The IRD Mileage Rate For 2018?

79 cents

What is the new mileage rate for 2019?

Beginning January 1, 2019, the standard mileage rates for the use of a car (vans, pickups or panel trucks) will be: 58 cents per mile for business miles driven, up from 54.5 cents for 2018. 20 cents per mile driven for medical or moving purposes, up from 18 cents for 2018.

What is the CRA mileage rate for 2018?

The reasonable per-kilometre rate for 2018 will increase by one cent to 55 cents per km for the first 5,000 kilometres driven, and to 49 cents per km for each additional kilometre.

What is the rate for claiming mileage?

45p per mile is the tax-free mileage allowance for the first 10,000 miles in the financial year – it’s 25p per mile thereafter. If a business chooses to pay employees an amount towards the mileage costs, these reimbursements are called ‘Mileage Allowance Payments’ (MAPs).