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Mileage Reimbursement Policy Template  Form

Mileage Reimbursement Policy Template Form

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Instructions and help about mileage policy

vehicle mileage is something that should be kept track of when it's related to your company not only can this be a valuable deduction for your business at tax time but your employees will also appreciate being reimbursed when they're using their own vehicle when looking at vehicle mileage reimbursement the canada revenue agency has guidelines as to what they deem appropriate we'll look at this in today's video let's get started what you should know about reimbursing your employees mileage current rate currently in 2021 the prescribed rate is 59 cents for the first 5 000 kilometers driven within the year if there are any kilometers driven above 5000 the employee can be reimbursed 53 cents per kilometer this rate applies to bc and most of canada with the exception of the northwest territories yukon and nunavut they're provided with an additional 4 cents per kilometer traveled as a note under the reasonable per kilometer allowance the canada

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