The RCAFA's main goals are to advocate for a well-equipped, well-trained, well-prepared air force for Canada; motivate young Canadians to develop an interest in an aerospace (civil or military) career; and to inform new generations of Canadians about the importance and history of their country's air force.

The association is also active in advocating for veterans rights, with community service, and with promoting aviation heritage and youth projects, especially those supporting the Royal Canadian Air Cadets.

Postwar, there was also a perceived need to keep track of skilled airmen and airwomen who were active during the Second World War.

The executive director, Dean Black, made it clear that the association needed to unite Canadian air force veterans and proposed the name Canadian Air Force Association.

The association's regalia includes distinctive two-tone blue wedge caps and Air Force tartan neck ties.