Wow! That’s a bit of s blow!!
Just as you have stated.. just lost your biggest incentive to work offshore…. I wonder how much impact that will have on other Canadians thinking of working overseas (not just offshore) now that this is being phased out.
The overall loser might be CRA as more people choose not to work overseas and stop bringing dollars into the country as a result. No government wants to see net importation of cash fade away. I sense another bit of fiscal meddling which the Fed government may need to back down on when Canadian companies start complaining that they can’t get Canadians to work overseas any longer and are losing business as a result.