Are you wondering how much the cancellation fee is for Air Canada? According to Air canada cancellation policyAir Canada Cancellation Policy, if you cancel your booking within 24 hours of purchase, then you don’t need to pay any cancellation fees. Also, you get the full amount as a refund. On the off chance that your flight is cancelled by the airline, you will either be obliged on a later flight or on the other hand, in the event that you choose not to travel, you are qualified for a full discount.