Cents per Mile ("CPM")

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Cents per Mile ("CPM")

CRA sets new per kilometre rate for 2022

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.

Cents per Mile ("CPM")

The IRS standard mileage rate for 2022

The IRS has today announced an increase in the standard mileage rate for 2022. It has increased from ¢56 to ¢58.5.

Cents per Mile ("CPM")

The CRA Standard Rate Remains the Same for 2021

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.

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