2012 mileage rates

December 29th, 2011

The 2012 mileage rates are increasing by 1 cent per kilometre.  The new maximum non-taxable rate that an employer can pay is rising to $0.53 / kilometre on the first 5,000 kms per year, and $0.47 for each additional kilometre.

Different rates apply if you live in a northern territory.  Read the full release here: http://www.fin.gc.ca/n11/11-146-eng.asp

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