Australia and Canada Agree to Modernize Tax Treaty

The Prime Minister of Australia, Anthony Albanese, has issued a joint statement with the Prime Minister of Canada, Mark Carney, at the start of the Canadian Prime Minister's first official visit to Australia. Among other things, the joint statement notes that the two sides are committed to modernizing the 1980 Australia-Canada tax treaty to facilitate greater investment, including joint investments, in nation-building projects in both countries, and have agreed to prioritize negotiations. Th…