Global Daily Tax News, Australia, Canada To Negotiate Double Tax Pact Update, (Mar 9, 2026)

Following recent engagement between the countries' leaders, Canada and Australia agreed to launch talks on a double tax agreement Protocol.

A joint statement released by the two countries following meetings between prime ministers Anthony Albanese of Australia and Mark Carney of Canada said: "Leaders committed to modernising the Australia-Canada Tax Treaty to facilitate greater investment, including joint investments, in nation-building projects in both countries. Both countries agreed to prioritise the negotiations."

Further, it was announced that engagement between Australia's Treasurer and Canada's Minister for Finance and National Revenue, supported by senior officials, will look to strengthen collaboration in the area of tax and two-way investment.

Also in their joint statement, leaders acknowledged deep cooperation on border security, policing, and law enforcement, including efforts to combat illicit trafficking and transnational crime while facilitating the secure movement of legitimate trade and travel, and welcomed the entry into force in 2026 of the Canada-Australia Customs Mutual Assistance Agreement.