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The unincorporated community of Canal Point is a census-designated place (CDP) in Palm Beach County, Florida, United States. The population was 525 at the 2000 census. Canal Point is located between Lake Okeechobee and numerous sugarcane fields. The town is very small with very little infrastructure. The area offers some of the most beautiful scenery in Florida.

Almost the entirety of Canal Point’s populace is involved in agriculture. Most are independent farmers or employees of one of the large local sugar co-operatives, the largest three being the US Sugar Corporation, Osceola Farms, and Fanjul Sugar.