A novel hydrophobic Canola oil-based nanocomposite anticorrosive coating material with different contents of fumes silica (FS) was successfully synthesized via an in situ method. Firstly, a Canola oil-based hydroxyl terminated poly (oxalate-amide) was prepared by a two-step process of amidation and condensation. Secondly, the dispersion of fumed silica (1 to 3 wt.%) in hydroxyl terminated poly (oxalate-amide) was carried out, followed by reaction with toluene-2,4- diisocyanate (TDI) in order to form poly (urethane-oxalate-amide)/fumed silica nanocomposite. The structure and properties of nanocomposite were analyzed by FTIR, NMR (1H/13C), TGA/DTA, DSC, contact angle, and SEM. The physico-mechanical and electrochemical tests were performed in order to check the performance of nanocomposite coating. The results reveal that FS is homogenously dispersed in poly (urethane-oxalate-amide) matrix with a loading amount of less than 3 wt.%. The performance of nanocomposite coating improved when compared to virgin polymer. The synthesized nanocomposite coating can be used in the field of hydrophobic anticorrosive coatings.