Flying Colours garnered generally positive reviews from music critics. Tabassum Siddiqui of Now gave high praise to the versatile production and lyrical delivery made throughout the album, concluding that "the result is a record that fully reveals all of Shad's musical colours." Jacob Lorinc of The Varsity praised the lyrical content for tackling socio-political topics without coming across as obvious and trite when going for positivity, saying that "Although he is still an underdog in the world of hip-hop, Shad’s clever rhymes and intricately woven verses throughout Flying Colours show the rapper’s ability to cover all sorts of ground on this album." Aaron Matthews of Exclaim! said that despite some out-of-place tracks, he praised the album for its vast use of different genres and instruments, and Shad's continued growth as a mature rapper, calling it "a wake-up call to anyone sleeping on Canadian rappers and Shad's coming for the crown next time."

Adapted from the Flying Colours liner notes.

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