What Is The Mileage Rate For 2024 In Ontario. The rate is set to rise by two cents, reaching 70 cents per kilometre for the first 5,000 kilometres driven, and 64 cents for each additional kilometre. The average premium rate for ontario businesses in 2024 remains steady at $1.30 per $100 of insurable payroll, the lowest it has been in more than 20 years.
The flat rate allowance is not based on the number of kilometres driven in the course of the taxpayer’s office or employment. Here’s the cra’s automobile allowance rates for the past five years: