The Canal Street station is a local station on the IRT Broadway–Seventh Avenue Line of the New York City Subway, located at the intersection of Canal and Varick Streets in the TriBeCa and SoHo neighborhoods of Manhattan, it is served by the 1 train at all times and by the 2 train during late nights.

The station was built by the Interborough Rapid Transit Company (IRT) as part of the Dual Contracts with New York City, and opened on July 1, 1918.

[6] It was predicted that the subway extension would lead to the growth of the Lower West Side, and to neighborhoods such as Chelsea and Greenwich Village.

[9][11] The new "H" system was implemented on August 1, 1918, joining the two halves of the Broadway–Seventh Avenue Line and sending all West Side trains south from Times Square.

[21] As part of its 2025–2029 Capital Program, the MTA has proposed making the station wheelchair-accessible in compliance with the Americans with Disabilities Act of 1990.

[22] An elevator easement to the northbound platform was previously proposed as part of the construction of a neighboring building at 2 Hudson Square.

Beige I-beam columns run along both platforms, alternating ones having the standard black station name plate with white lettering.

[30][31] At the end of the uptown platform, there was a free zone passageway that had two staircases to Laight and Varick Streets; it was not monitored and was closed down for security reasons.