Automobile allowance rates for 2015 Posted on Feb 25, 2015

If you are small business and deduct automobile expenses then in 2015 you will be better off. The automobile allowance rates (i.e. how much you can deduct per kilometer driven) for 2015 have increased. So, it is:

  • 55¢ per kilometre for the first 5,000 kilometres driven; and
  • 49¢ per kilometre driven after that.