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Industry News

IRS Cents per Mile rate to be 62.5¢ July 1st

For the first time in over a decade, the IRS has announced a new optional standard mileage rate of 62.5¢ for the rest of 2022 to reflect the rising...

Industry News

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.

Industry News

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.

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