The synthesis of dihydroquinoline‐fused canthines by intramolecular aza‐Diels–Alder reaction between N‐prenylated 1‐formyl‐9H‐β‐carbolines and substituted anilines in the presence of a Lewis acid, followed by oxidation, is described. Additionally, it has been found that the N‐protected aldehyde in the presence of a suitable catalyst [ZnBr2 or Yb(OTf)3] undergoes intramolecular carbonyl–ene reaction in a diastereoselective fashion to afford the syn or anti isomer of a new canthine derivative.