[1] Canoe Lake is a major access point for many canoeists entering Algonquin Park as well as being home to many cottages.

The "P-store" as it is often colloquially known, is a well stocked outfitters and canoe equipment rental operation that includes one of the few commercial restaurants available in Algonquin Park.

The Portage Store also offers a number of outfitting and guiding packages to support peoples' canoe-tripping endeavours.

A gift shop is attached offering souvenirs, T-shirts and other items for sale.

Influential Canadian artist Tom Thomson drowned in Canoe Lake on July 8, 1917, during a canoeing trip; his body was discovered in the lake eight days later, washed up on the Island of Little Wapomeo, the initial home of the summer camp.