Intereststandard Mileage Rate 2024. For 2023, the standard mileage rate for the cost of operating your car for business use is 65.5 cents ($0.655) per mile. The kilometric rates (payable in cents per kilometre) below are payable in canadian funds only.
The 2024 standard mileage rate for business use jumps to 67 cents per mile, a welcome increase from 65.5 cents in 2023. This rate will apply beginning.