Over the past two decades anti-tax forces have spun the message that somehow taxes are for chumps. Corporations and wealthy individuals have spent a lot of time and money trying to outsmart the Canada Revenue Agency and its dwindling number of auditors.
As the old saying goes: "A buck is a buck". But at tax time, there is a different set of rules for corporate insiders using a loophole for stock option deductions. This loophole has a $1 billion annual price tag for the rest of us.