Mileage reimbursement from your employer… what do you get?

[88CRX]

What does your employer reimburse for mileage?

And have they adjusted the mileage rate recently/ever?

Discuss.

[ercchry]

Looks like the official CRA rate is up $0.02 this year, have to see if we’ve adjusted! Last year the rate was $0.01 lower.. so $0.61

[vengie]

Our company does $0.68 per km

[88CRX]

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Looks like the official CRA rate is up $0.02 this year, have to see if we’ve adjusted! Last year the rate was $0.01 lower.. so $0.61

CRA 2024 mileage rate is up to $0.70.

Do most businesses follow CRA maximums... or just you rich O&G guys?

[ThePenIsMightier]

I think it's $0.61

[Disoblige]

I miss the days I could charge mileage.

[Swank]

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I miss the days I could charge mileage.

My wife mumbled that in her sleep last night.

[ercchry]

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CRA 2024 mileage rate is up to $0.70.

Do most businesses follow CRA maximums... or just you rich O&G guys?

$0.70 is only first 5k kms

CRA is “best practice” if you go too much higher then it’s a taxable benefit

[88CRX]

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$0.70 is only first 5k kms

CRA is “best practice” if you go too much higher then it’s a taxable benefit

I think if you go any higher its taxable?

I'm mostly just trying to gauge what is reasonable or what most business pay.

[The_Penguin]

0.64/km here. Just went up for 2024, I don't recall what it was previously.

[ercchry]

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I think if you go any higher its taxable?

I'm mostly just trying to gauge what is reasonable or what most business pay.

In true government fashion the definition of taxable is “unreasonable” doing CRA’s regular rate (not the first 5k one) which is the $0.64 this year keeps admin work and guessing to a minimum, so you will find most businesses will be there, some will be lower and only make adjustments as the delta approaches “unreasonable” from the CRA rate.

Anyone getting any substantial amount for travel is getting a taxable benefit, so if you’re within a reasonable amount of that rate, then you’re on par with the average

[ExtraSlow]

CRA rate. Doesn't cost your company a dime, they just write it off.

[Brent.ff]

CRA rate, except a day rate (plus they'll pay gas) if we're over 200 k. Think day rate is like $55 or 65

[88CRX]

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CRA rate. Doesn't cost your company a dime, they just write it off.

In our case they charge our client as a dispersement (after marking is up a few cents). But similar, doesn't cost the company anything.

[msommers]

I'm curious what companies are charging O&G clients for mileage these days.

[riander5]

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I'm curious what companies are charging O&G clients for mileage these days.

Any service based company that has ever existed?

[ExtraSlow]

For a light duty "service truck" at least $1.50/km. More for heavier equipment.

[msommers]

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For a light duty "service truck" at least $1.50/km. More for heavier equipment.

Thanks. Was thinking of more professional consulting rates (service truck as you say) rather than heavy duty machinery.

[Hallowed_point]

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CRA rate. Doesn't cost your company a dime, they just write it off.

That's what I thought, yet we get less than CRA reg rate. What's gives? Think it's just over 50 cents/km.

Good thing I don't have to do a lot of driving in my role.

[ExtraSlow]

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Thanks. Was thinking of more professional consulting rates (service truck as you say) rather than heavy duty machinery.

Not sure. Somewhere between the CRA rate and that $1.50/km. But if it was me, I would either pay for the time while driving, or the kms, not both for a consultant.