Canada and Saudi Arabia have launched negotiations on their first bilateral income tax treaty as part of a broader effort to strengthen economic cooperation, encourage cross-border investment, support SMEs, and expand non-oil trade. 

RF Report

Canada and Saudi Arabia have launched negotiations on a bilateral income tax treaty, following an announcement by the Canadian Prime Minister’s Office on 9 July 2026.

This initiative was announced as part of a broader economic strategy to unlock the full potential of their bilateral ties, promote two-way investment, support small and medium-sized enterprises, and increase non-oil trade.

If an agreement is reached, it must be signed and ratified by both governments before it can enter into force.