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CRA

A collection of 2 posts

Maximizing Your Mileage Deductions as a Self-Employed Professional in Canada: Understanding the CRA Guidelines

Maximizing Your Mileage Deductions as a Self-Employed Professional in Canada: Understanding the CRA Guidelines

Claiming mileage deductions can help self-employed professionals in Canada save money on their taxes. Understand the CRA guidelines and use tools like Psngr to simplify the process, in order to maximize your deductions while minimizing the risk of errors and audit.

CRA Kilometre Rate: Per-KM Allowance in Canada 2023

CRA Kilometre Rate: Per-KM Allowance in Canada 2023

The CRA Kilometre Rate is the standard mileage rate published by Canada Revenue Agency (CRA) for the purpose of calculating the deductible costs of operating a vehicle for business purposes. The CRA standard mileage rate is higher in the territories compared to the provinces. This is due to the higher