In our first video from a new YouTube series, Cardata Co-CEO Mike Levine discusses when to reimburse at the IRS standard rate.
Cents per Mile ("CPM")
For Canadian employers, the new year brings a new per kilometre reimbursement rate. In 2022, the new Canada Revenue Agency rate is set at ¢61.
Gas prices have a large effect on vehicle reimbursements. Yet most vehicle reimbursement programs do not account for regional variations in fuel cost.
Cents per mile (CPM) are suggested rates at which to reimburse your employees for using their personal vehicle for work. The IRS and CRA set them...
Everything you need to know about vehicle reimbursement programs like FAVR. Enterprises are turning away from fleets to save money & administrative...
The CRA standard rate for mileage reimbursement remains the same in 2021, 59¢ per kilometer for the first 5000 driven, 53¢ per kilometer after that.
Effective January 1 2021, the IRS Standard Mileage Rate for 2021 is down 1.50 cents to 56 cents per mile. This is the recommended cents per mile...
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