The 1992 Canadian Football League season is considered to be the 39th season in modern-day Canadian football, although it is officially the 35th Canadian Football League season.

The CFL celebrated 100 years of football in Canada, commemorating the formation of the Canadian Rugby Union in 1892, the forerunner of Football Canada and the CFL. Former Alouette running back/tight end, Larry Smith was named as the ninth CFL Commissioner in history on Thursday, February 27.

The Calgary Stampeders signed free agent quarterback, Doug Flutie in March. The CFL revoked the franchise of BC Lions owner Murray Pezim and assumed control of the team, when Pezim refused to pay off club bills, on August 27. After one month, Bill Comrie purchased the BC Lions franchise from the CFL on September 23.

At the CFL Awards, Doug Flutie was named as the CFL's Most Outstanding Player for the second straight season, only becoming the third player to do so. Toronto played host to the Grey Cup for the 45th time, which is more than any other city. In addition, the Calgary Stampeders won their first Grey Cup championship in 21 years; ending the longest drought at that time of any CFL city, by defeating the Winnipeg Blue Bombers, 24–10.

In June 1992, the CFL played a preseason game between Toronto and Calgary in Portland, Oregon. It was a predecessor to the CFL USA expansion that would begin the next year.

Note: GP = Games Played, W = Wins, L = Losses, T = Ties, PF = Points For, PA = Points Against, Pts = Points

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