Prime Minister Justin Trudeau leaves a small business after stopping to meet the people inside, in Surrey, B.C., on Tuesday, November 14, 2023. Darryl Dyck/The Canadian Press.

Welcome to 2024, Canadian businesses. Hope you like taxes

Clearly, businesses not only need to budget for taxes already announced, but they also must allow for the possibility that politicians will in the upcoming year find some political motivation to levy more taxes. Thanks to the federal government, businesses and other organizations in Canada must prepare to bear a heavier burden in 2024.