Mileage Rate For 2024 In Canada

Mileage Rate For 2024 In Canada. Here’s a breakdown of the recent revisions: 70 cents per km for the first 5000 km driven, up two cents from last year's rate.

Fuel economy is rated at 6.1 l/100 km in city driving, 6.3 on the highway, and 6.2 combined. With the bank of canada putting more emphasis on the downside risks to the economy, we expect the bank to cut interest rates further, with the policy rate ending the year at 3.75% and settling.