Nine teams played in the tournament, which took place in Vaughan, Ontario, from 5–10 October 2022.

Each of Canada Soccer's thirteen provincial and territorial associations can send one representative to the Challenge Trophy, with teams generally qualifying through a regional preliminary series such as an open cup or league competition.

New Brunswick's Fredericton Picaroons withdrew from the tournament in September 2022, leaving nine provincial representatives.

Matches were played at two different venues in the Maple and Woodbridge subdivisions of Vaughan.

The preliminary schedule was announced by Canada Soccer on 9 August 2022 without kick-off times, and were later confirmed on 29 September 2022.