The new income tax treaty between Canada and Israel entered into force on 21 December 2016. The treaty, signed 21 September 2016, replaces the 1975 tax treaty between the two countries. Taxes Covered The treaty covers Canadian taxes imposed by the Government of Canada under the Income Tax Act. It 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 the company's residence for the purpose...