On 21 September 2016, officials from Canada and Israel signed an income tax treaty. Once in force and effective, the new treaty will replace the 1975 tax treaty between the two countries, which is currently in force. Taxes Covered The treaty covers Canadian taxes imposed by the Government of Canada under the Income Tax Act, and covers Israeli income tax and company tax (including tax on capital gains), and tax on gains from the alienation of property according to the Real Estate Taxation Law. Residence If a company is considered resident in both Contracting States, the competent authorities will determine...