Quick Rates

Automobile Deduction Limits

Item 2025 2024 2023

Non-taxable allowance for employee-owned automobiles1

    

First 5,000 of employment related km

  $0.72/km $0.70/km $0.68/km

Additional employment related km

 $0.66/km $0.64/km $0.62/km
Yukon, NWT & Nunavut      

First 5,000 of employment related km

 $0.76/km $0.74/km $0.72/km

Additional employment related km

 $0.70/km $0.65/km $0.61/km
       

Taxable Benefits

      

Employer paid operating costs for personal km

 $0.34/km $0.33/km $0.33/km

Employees selling or leasing automobiles for personal km

  $0.31/km $0.30/km $0.30/km
       
 
  • The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will be increased from $37,000 to $38,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2025.
  • Deductible leasing costs will be increased from $1,050 to $1,100 per month, before tax, for new leases entered into on or after January 1, 2025.
 

Automobile Standby Charge

The standby charge benefit recognizes that the employee is receiving a benefit by having the automobile available to them during the year for their personal use. The standby charge is calculated based on:

  • the original cost of a purchased automobile or the monthly lease cost of a leased automobile (including GST or HST and PST if applicable), and
  • the number of months the automobile is available to the employee for personal use (which normally includes driving to and from work), and
  • the number of kilometres driven for both personal and business purposes, and
  • any reimbursement by the employee for the availability of the vehicle.