A Canada Water Agency is being created by the federal government. The process, which began in 2020, is expected to take several months. As part of the public consultations held in early 2021, Environment and Climate Change Canada recently released a discussion paper entitled “Toward the Creation of a Canada Water Agency.” The initial elements revealed remain both broad and general. The proposed opportunities are casting a wide net of possibilities, and the formulations chosen are sometimes lacking precision. Nevertheless, this document presents a unique opportunity to make an assessment of the Canadian legal context surrounding water, particularly regarding the intergovernmental considerations that could be central to this upcoming structure. Moreover, the general nature in which the discussion paper is written encourages to explore the possible legal scenarios for the future Canada Water Agency and their potential jurisdictional basis.