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    <link:label id="lab_cae_AfricaAndOceaniaMember_c655c374-19c2-4705-a279-e8515466d3cd_terseLabel_en-US" xlink:label="lab_cae_AfricaAndOceaniaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Oceania and Africa</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_ae411a90-1ec8-4303-98cc-b3892dc5f824_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions to intangible assets</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Purchase of intangible assets, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_165876a8-245f-47fa-9a0e-64d074ac16d7_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_34623de4-d7c9-48ae-858c-e8f674d256af_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember_03335cd8-2e92-46e4-8a84-be20427892da_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for business combinations [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for business combinations [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="lab_ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DiscountRateForGovernmentRoyaltyPayments_79c5ab10-9baa-49eb-9eca-28f4003ed2bf_terseLabel_en-US" xlink:label="lab_cae_DiscountRateForGovernmentRoyaltyPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount rate for government royalty payments</link:label>
    <link:label id="lab_cae_DiscountRateForGovernmentRoyaltyPayments_label_en-US" xlink:label="lab_cae_DiscountRateForGovernmentRoyaltyPayments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount Rate For Government Royalty Payments</link:label>
    <link:label id="lab_cae_DiscountRateForGovernmentRoyaltyPayments_documentation_en-US" xlink:label="lab_cae_DiscountRateForGovernmentRoyaltyPayments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount Rate For Government Royalty Payments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DiscountRateForGovernmentRoyaltyPayments" xlink:href="cae-20210331.xsd#cae_DiscountRateForGovernmentRoyaltyPayments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DiscountRateForGovernmentRoyaltyPayments" xlink:to="lab_cae_DiscountRateForGovernmentRoyaltyPayments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremium_f63ac38c-4ce7-41e5-9601-3594ccbe957e_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contributed surplus</link:label>
    <link:label id="lab_ifrs-full_SharePremium_label_en-US" xlink:label="lab_ifrs-full_SharePremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share premium</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremium" xlink:to="lab_ifrs-full_SharePremium" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InventoryWritedown2011_34fa2627-ecfb-4642-a568-ae014ddff7af_terseLabel_en-US" xlink:label="lab_ifrs-full_InventoryWritedown2011" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Inventory write-down</link:label>
    <link:label id="lab_ifrs-full_InventoryWritedown2011_label_en-US" xlink:label="lab_ifrs-full_InventoryWritedown2011" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Inventory write-down</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoryWritedown2011" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InventoryWritedown2011"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InventoryWritedown2011" xlink:to="lab_ifrs-full_InventoryWritedown2011" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAEBangkokCoLtdMember_52832404-26ae-4b04-b5e0-5a04e5dfc8ad_terseLabel_en-US" xlink:label="lab_cae_CAEBangkokCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Bangkok Co., Ltd.</link:label>
    <link:label id="lab_cae_CAEBangkokCoLtdMember_label_en-US" xlink:label="lab_cae_CAEBangkokCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Bangkok Co., Ltd [Member]</link:label>
    <link:label id="lab_cae_CAEBangkokCoLtdMember_documentation_en-US" xlink:label="lab_cae_CAEBangkokCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Bangkok Co., Ltd</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEBangkokCoLtdMember" xlink:href="cae-20210331.xsd#cae_CAEBangkokCoLtdMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAEBangkokCoLtdMember" xlink:to="lab_cae_CAEBangkokCoLtdMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_bc6d0884-210a-4390-ab7c-711663ab8f74_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities and equity</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_cc6b0c00-c909-4b2e-a91a-4c056d8265ec_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee benefits obligations</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_6359a8fd-e65f-46fd-8468-f4e1fe12b0bd_periodStartLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net defined benefit liability (asset)</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_722df33f-e3c0-49f3-88fe-d1b8a0f47b57_periodEndLabel_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net defined benefit liability (asset)</link:label>
    <link:label id="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net defined benefit liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_LogitudeOyMember_a473ef37-1d48-4c9a-bab6-786045181966_terseLabel_en-US" xlink:label="lab_cae_LogitudeOyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Logitude OY</link:label>
    <link:label id="lab_cae_LogitudeOyMember_label_en-US" xlink:label="lab_cae_LogitudeOyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Logitude Oy [Member]</link:label>
    <link:label id="lab_cae_LogitudeOyMember_documentation_en-US" xlink:label="lab_cae_LogitudeOyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Logitude Oy [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_LogitudeOyMember" xlink:href="cae-20210331.xsd#cae_LogitudeOyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_LogitudeOyMember" xlink:to="lab_cae_LogitudeOyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_7cd02214-4766-4024-83ad-ee93e9b62ed6_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amount due to related parties (Note 35)</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_f2dc45f9-c6bd-41e7-8ab0-0c4ddabe781a_verboseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current payables to related parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayablesToRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ForeignCurrencySwapAgreementsMember_589f16d8-22be-40be-a499-8a5ff21e5f91_terseLabel_en-US" xlink:label="lab_cae_ForeignCurrencySwapAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency and interest rate swap agreements</link:label>
    <link:label id="lab_cae_ForeignCurrencySwapAgreementsMember_label_en-US" xlink:label="lab_cae_ForeignCurrencySwapAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign Currency Swap Agreements [Member]</link:label>
    <link:label id="lab_cae_ForeignCurrencySwapAgreementsMember_documentation_en-US" xlink:label="lab_cae_ForeignCurrencySwapAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign Currency Swap Agreements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ForeignCurrencySwapAgreementsMember" xlink:href="cae-20210331.xsd#cae_ForeignCurrencySwapAgreementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ForeignCurrencySwapAgreementsMember" xlink:to="lab_cae_ForeignCurrencySwapAgreementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_LiabilitiesForSubscriptionReceiptsMember_b1bf9cea-9b62-48f7-95f8-731941fbbc9a_terseLabel_en-US" xlink:label="lab_cae_LiabilitiesForSubscriptionReceiptsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities for subscription receipts</link:label>
    <link:label id="lab_cae_LiabilitiesForSubscriptionReceiptsMember_label_en-US" xlink:label="lab_cae_LiabilitiesForSubscriptionReceiptsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities for subscription receipts [Member]</link:label>
    <link:label id="lab_cae_LiabilitiesForSubscriptionReceiptsMember_documentation_en-US" xlink:label="lab_cae_LiabilitiesForSubscriptionReceiptsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities for subscription receipts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_LiabilitiesForSubscriptionReceiptsMember" xlink:href="cae-20210331.xsd#cae_LiabilitiesForSubscriptionReceiptsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_LiabilitiesForSubscriptionReceiptsMember" xlink:to="lab_cae_LiabilitiesForSubscriptionReceiptsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_03036941-7e09-446b-8a0a-0154646444fd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of estimated useful lives of intangible assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about intangible assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_055cd0f8-32a7-402a-b6d4-6619efa3c418_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share capital</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for issued capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForIssuedCapitalExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_8d6cbd31-9cc2-4287-abe4-73f7d63740e0_totalLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognized in the consolidated statement of financial position</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expense from share-based payment transactions with employees</link:label>
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    <link:label id="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_872f64f0-261b-4de2-9b58-5eb9017583dd_terseLabel_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee contributions</link:label>
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    <link:label id="lab_cae_AdjustmentsForDecreaseIncreaseDueFromCustomersForContractWorkAsAsset_documentation_en-US" xlink:label="lab_cae_AdjustmentsForDecreaseIncreaseDueFromCustomersForContractWorkAsAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments For Decrease (Increase) Due From Customers For Contract Work As Asset</link:label>
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    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssetsRestructuringIntegrationAndAcquisition_27b633d8-d669-486a-9f2f-3e6a094bea39_terseLabel_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssetsRestructuringIntegrationAndAcquisition" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of non-financial assets</link:label>
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    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssetsRestructuringIntegrationAndAcquisition_documentation_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssetsRestructuringIntegrationAndAcquisition" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment Loss On Non-Financial Assets, Restructuring, Integration And Acquisition</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ImpairmentLossOnNonFinancialAssetsRestructuringIntegrationAndAcquisition" xlink:href="cae-20210331.xsd#cae_ImpairmentLossOnNonFinancialAssetsRestructuringIntegrationAndAcquisition"/>
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    <link:label id="lab_cae_ScheduleofOtherNoncurrentAssetsTableTextBlock_80081140-d8fd-4d3e-a2e7-8bb542baf8ac_terseLabel_en-US" xlink:label="lab_cae_ScheduleofOtherNoncurrentAssetsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of other Non-current assets</link:label>
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    <link:label id="lab_ifrs-full_CurrentMember_b3cef77e-7c47-425f-947d-da234baaffd1_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current</link:label>
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    <link:label id="lab_cae_RevolvingUnsecuredTermCreditFacilitySeptember2022Member_060169f5-80f8-4efe-b237-c7db6fd95076_terseLabel_en-US" xlink:label="lab_cae_RevolvingUnsecuredTermCreditFacilitySeptember2022Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revolving Unsecured Term Credit Facility, September 2022</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_RevolvingUnsecuredTermCreditFacilitySeptember2022Member" xlink:href="cae-20210331.xsd#cae_RevolvingUnsecuredTermCreditFacilitySeptember2022Member"/>
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    <link:label id="lab_cae_SIVOpsTrainingS.L.Member_767ace38-73f0-4d18-8d36-f9210b57c320_terseLabel_en-US" xlink:label="lab_cae_SIVOpsTrainingS.L.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SIV Ops Training, S.L.</link:label>
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    <link:label id="lab_cae_NonCurrentRoyaltyObligations_c87e6eb8-1401-4e50-9230-5afe7707c204_terseLabel_en-US" xlink:label="lab_cae_NonCurrentRoyaltyObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Royalty obligations</link:label>
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    <link:label id="lab_cae_NonCurrentRoyaltyObligations_documentation_en-US" xlink:label="lab_cae_NonCurrentRoyaltyObligations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-Current Royalty Obligations</link:label>
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    <link:label id="lab_cae_SettlementofPreexistingRelationshipRecognisedInBusinessCombination_b51afb17-4a16-494a-b596-2a3c37d681f6_negatedTerseLabel_en-US" xlink:label="lab_cae_SettlementofPreexistingRelationshipRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Settlement of pre-existing relationship</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsTable_0d84fdfd-b13f-41de-983e-65034d203513_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about business combination [table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsTable"/>
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    <link:label id="lab_cae_EmployeeBenefitPlansRelatedTemporaryDifferencesMember_2901c1f7-1b1a-4da4-a5be-8d983f6ef38b_terseLabel_en-US" xlink:label="lab_cae_EmployeeBenefitPlansRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Defined benefit obligation</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_EmployeeBenefitPlansRelatedTemporaryDifferencesMember" xlink:href="cae-20210331.xsd#cae_EmployeeBenefitPlansRelatedTemporaryDifferencesMember"/>
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    <link:label id="lab_cae_AdditionsFromBusinessCombinationsToRightOfUseAssets_388c6f9d-d528-496d-9872-605903856c54_terseLabel_en-US" xlink:label="lab_cae_AdditionsFromBusinessCombinationsToRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions &#8211; business combinations (Note 4)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory_d7f4edb3-e092-4f24-a33f-2e524cf5a0ca_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CHANGES IN ACCOUNTING POLICIES</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures_ca69a526-b72f-45c6-ae16-ecb2823f6c6b_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Joint arrangements</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems_e14c4723-4da4-4838-a999-36e49261c292_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of other provisions [line items]</link:label>
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    <link:label id="lab_cae_NumberOfRegisteredFundedDefinedBenefitPensionPlans_303db9b2-4f8b-46b6-9864-06d738027061_terseLabel_en-US" xlink:label="lab_cae_NumberOfRegisteredFundedDefinedBenefitPensionPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of registered funded defined benefit pension plans</link:label>
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    <link:label id="lab_ifrs-full_CurrentFinanceLeaseReceivables_9925e382-6171-41dc-bdf6-9c9f07053f71_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in finance leases (Note 17)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems_5e1e2ac9-fdb8-49cd-b6a0-8c7b4013f7f3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [line items]</link:label>
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    <link:label id="lab_ifrs-full_ProfitLoss_46e6dd88-72c5-4282-9d8d-5f34a25bfa27_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net (loss) income</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory_10e02af4-9138-47c1-a26a-8010f831a3b4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Undiscounted Lease Payments to be Received Under Finance Leases</link:label>
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    <link:label id="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_179c814b-7b63-4efd-b822-a00e14ddb778_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from disposal of property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from disposals of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="lab_ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_2f79304a-2200-4583-bf20-12c9ddeb2f2f_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities at amortised cost</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities at amortised cost, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets_3311e2e4-0eeb-4023-b6dc-dcb68bf8c5c6_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency exchange differences</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) through net exchange differences, allowance account for credit losses of financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_HealthcareMember_c518f7f7-eaca-4009-a403-22d3002cf5ca_terseLabel_en-US" xlink:label="lab_cae_HealthcareMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Healthcare</link:label>
    <link:label id="lab_cae_HealthcareMember_label_en-US" xlink:label="lab_cae_HealthcareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Healthcare [Member]</link:label>
    <link:label id="lab_cae_HealthcareMember_documentation_en-US" xlink:label="lab_cae_HealthcareMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Healthcare [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_HealthcareMember" xlink:href="cae-20210331.xsd#cae_HealthcareMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_HealthcareMember" xlink:to="lab_cae_HealthcareMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory_f518c7bc-7975-4e2f-b19d-0ee4ef3664d5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Geographic information</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of geographical areas [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfGeographicalAreasExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:to="lab_ifrs-full_DisclosureOfGeographicalAreasExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_d0c60cc2-d428-4e0d-bb91-2276cab81478_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Attributable to:</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit (loss), attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesMember_ddd256f9-81bd-4430-9941-832d81c0d828_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net change in cash flow hedges</link:label>
    <link:label id="lab_ifrs-full_ReserveOfCashFlowHedgesMember_label_en-US" xlink:label="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reserve of cash flow hedges [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="lab_ifrs-full_ReserveOfCashFlowHedgesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_719de50b-e658-4d55-8c05-b264a3b977bb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PROVISIONS</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of other provisions, contingent liabilities and contingent assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxEffectOfForeignTaxRates_fc00bc05-1e09-4e11-963f-6b29ab35753e_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxEffectOfForeignTaxRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effect of differences in tax rates in other jurisdictions</link:label>
    <link:label id="lab_ifrs-full_TaxEffectOfForeignTaxRates_label_en-US" xlink:label="lab_ifrs-full_TaxEffectOfForeignTaxRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax effect of foreign tax rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxEffectOfForeignTaxRates" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxEffectOfForeignTaxRates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxEffectOfForeignTaxRates" xlink:to="lab_ifrs-full_TaxEffectOfForeignTaxRates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesCategoryMember_1dbd0984-7560-4dcc-9180-3fcfc9ab67d0_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities, category [member]</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ScheduleofOtherGainsTableTextBlock_7fda42c6-ee59-4692-a770-79463015ec9f_terseLabel_en-US" xlink:label="lab_cae_ScheduleofOtherGainsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of other gains and losses</link:label>
    <link:label id="lab_cae_ScheduleofOtherGainsTableTextBlock_label_en-US" xlink:label="lab_cae_ScheduleofOtherGainsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Other Gains [Table Text Block]</link:label>
    <link:label id="lab_cae_ScheduleofOtherGainsTableTextBlock_documentation_en-US" xlink:label="lab_cae_ScheduleofOtherGainsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Other Gains [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ScheduleofOtherGainsTableTextBlock" xlink:href="cae-20210331.xsd#cae_ScheduleofOtherGainsTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ScheduleofOtherGainsTableTextBlock" xlink:to="lab_cae_ScheduleofOtherGainsTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_cb57bb6d-c019-495d-a7b2-34f2d9feb9af_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="lab_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromCurrentBorrowings_75676eb5-a078-4cac-9443-9b578e078bc7_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net (repayment) proceeds from borrowing under revolving credit facilities</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromCurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromCurrentBorrowings" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromCurrentBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromCurrentBorrowings" xlink:to="lab_ifrs-full_ProceedsFromCurrentBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_1cfb69eb-d318-435b-8f6c-386d117b5486_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisition through business combinations</link:label>
    <link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisitions through business combinations, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ConcurrentPrivatePlacementAmountPerShare_1f96f7ff-64e6-4f59-808d-8712f53ab013_terseLabel_en-US" xlink:label="lab_cae_ConcurrentPrivatePlacementAmountPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Concurrent private placement, Amount per share</link:label>
    <link:label id="lab_cae_ConcurrentPrivatePlacementAmountPerShare_label_en-US" xlink:label="lab_cae_ConcurrentPrivatePlacementAmountPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Concurrent private placement, Amount per share</link:label>
    <link:label id="lab_cae_ConcurrentPrivatePlacementAmountPerShare_documentation_en-US" xlink:label="lab_cae_ConcurrentPrivatePlacementAmountPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Concurrent private placement, Amount per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ConcurrentPrivatePlacementAmountPerShare" xlink:href="cae-20210331.xsd#cae_ConcurrentPrivatePlacementAmountPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ConcurrentPrivatePlacementAmountPerShare" xlink:to="lab_cae_ConcurrentPrivatePlacementAmountPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems_95471b11-7fb4-4dd7-9c70-5b70e3c5c2a5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ActuarialAssumptionsMember_692ec09f-9ac3-4915-b7ad-9ee18833c849_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial assumptions [member]</link:label>
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    <link:label id="lab_ifrs-full_ActuarialAssumptionsAxis_14e87d5e-b06b-4b84-9484-a3e062a6e9fc_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial assumptions [axis]</link:label>
    <link:label id="lab_ifrs-full_ActuarialAssumptionsAxis_label_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial assumptions [axis]</link:label>
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    <link:label id="lab_cae_TrainingandServicesMember_652235b1-671a-490d-baa9-b588cc98f86e_terseLabel_en-US" xlink:label="lab_cae_TrainingandServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Training and services</link:label>
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    <link:label id="lab_cae_TrainingandServicesMember_documentation_en-US" xlink:label="lab_cae_TrainingandServicesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Training and Services [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TrainingandServicesMember" xlink:href="cae-20210331.xsd#cae_TrainingandServicesMember"/>
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    <link:label id="lab_ifrs-full_WhollyUnfundedDefinedBenefitPlansMember_64f5b23b-4c76-4a81-b969-66e706c45e46_terseLabel_en-US" xlink:label="lab_ifrs-full_WhollyUnfundedDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unfunded</link:label>
    <link:label id="lab_ifrs-full_WhollyUnfundedDefinedBenefitPlansMember_label_en-US" xlink:label="lab_ifrs-full_WhollyUnfundedDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Wholly unfunded defined benefit plans [member]</link:label>
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    <link:label id="lab_ifrs-full_AmortisationExpense_144e0c7a-8d44-48b6-82d7-c7bd414bfc09_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization</link:label>
    <link:label id="lab_ifrs-full_AmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortisation expense</link:label>
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    <link:label id="lab_cae_OxfordAviationAcademyOxfordLimitedMember_7947458f-9ce6-48b4-9dc1-522937a8dcaf_terseLabel_en-US" xlink:label="lab_cae_OxfordAviationAcademyOxfordLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Oxford Aviation Academy (Oxford) Limited</link:label>
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    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_9862c1e8-0085-431f-8e60-cfb191c0d2fd_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Between 1 and 5 years</link:label>
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    <link:label id="lab_cae_PerformanceShareUnitPlanPSUMember_849c4c45-e46e-4ab6-91cc-0e075bd0ff7e_terseLabel_en-US" xlink:label="lab_cae_PerformanceShareUnitPlanPSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Performance Share Unit Plan (PSU)</link:label>
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    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_b5da9d5d-79f6-4179-821a-b7a85e04bc11_verboseLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Post-employment benefits, expense (gain)</link:label>
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    <link:label id="lab_cae_CAEAviationServicesPteLtd.Member_18539a6d-7db8-463e-8002-e8d55fbd158a_terseLabel_en-US" xlink:label="lab_cae_CAEAviationServicesPteLtd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Aviation Services Pte Ltd.</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_fef7ed3a-443f-4812-a663-fbb0882cd454_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="lab_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions_ed1a8f52-bf24-41e3-b44b-5371448c228c_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations (Note 4)</link:label>
    <link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions_label_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisitions through business combinations, other provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:to="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsOtherProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_75fa99bf-5039-47bf-9b55-45f2bb6103af_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Lease liabilities</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnLeaseLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest expense on lease liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CapitalLossCarryforwardMember_11e2400f-bc97-4f02-8657-91a1e89a1bb6_terseLabel_en-US" xlink:label="lab_cae_CapitalLossCarryforwardMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital loss carryforwards</link:label>
    <link:label id="lab_cae_CapitalLossCarryforwardMember_label_en-US" xlink:label="lab_cae_CapitalLossCarryforwardMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital Loss Carryforward [Member]</link:label>
    <link:label id="lab_cae_CapitalLossCarryforwardMember_documentation_en-US" xlink:label="lab_cae_CapitalLossCarryforwardMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital Loss Carryforward [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CapitalLossCarryforwardMember" xlink:href="cae-20210331.xsd#cae_CapitalLossCarryforwardMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CapitalLossCarryforwardMember" xlink:to="lab_cae_CapitalLossCarryforwardMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_BombardiersBusinessAircraftTrainingMember_9f3c83c8-e1d1-441e-a2f3-b3be30689a93_terseLabel_en-US" xlink:label="lab_cae_BombardiersBusinessAircraftTrainingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bombardier's BAT Business</link:label>
    <link:label id="lab_cae_BombardiersBusinessAircraftTrainingMember_label_en-US" xlink:label="lab_cae_BombardiersBusinessAircraftTrainingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bombardier&#8217;s Business Aircraft Training [Member]</link:label>
    <link:label id="lab_cae_BombardiersBusinessAircraftTrainingMember_documentation_en-US" xlink:label="lab_cae_BombardiersBusinessAircraftTrainingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bombardier&#8217;s Business Aircraft Training [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_BombardiersBusinessAircraftTrainingMember" xlink:href="cae-20210331.xsd#cae_BombardiersBusinessAircraftTrainingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_BombardiersBusinessAircraftTrainingMember" xlink:to="lab_cae_BombardiersBusinessAircraftTrainingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod_af56c7b2-02a9-49aa-ab64-f72ddc7dc2ca_terseLabel_en-US" xlink:label="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Average remaining amortization period</link:label>
    <link:label id="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod_label_en-US" xlink:label="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Remaining Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period</link:label>
    <link:label id="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod_documentation_en-US" xlink:label="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Remaining Useful Lives Or Amortisation Rates, Intangible Assets Other Than Goodwill, Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod" xlink:href="cae-20210331.xsd#cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod" xlink:to="lab_cae_RemainingUsefulLivesOrAmortisationRatesIntangibleAssetsOtherThanGoodwillPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TransfersAndOtherToFromRightOfUseAssets_696a4c29-2974-4c6a-8b3e-f964442b4992_terseLabel_en-US" xlink:label="lab_cae_TransfersAndOtherToFromRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers and others</link:label>
    <link:label id="lab_cae_TransfersAndOtherToFromRightOfUseAssets_label_en-US" xlink:label="lab_cae_TransfersAndOtherToFromRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers And Other To (From) Right-Of-Use Assets</link:label>
    <link:label id="lab_cae_TransfersAndOtherToFromRightOfUseAssets_documentation_en-US" xlink:label="lab_cae_TransfersAndOtherToFromRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers And Other To (From) Right-Of-Use Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TransfersAndOtherToFromRightOfUseAssets" xlink:href="cae-20210331.xsd#cae_TransfersAndOtherToFromRightOfUseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TransfersAndOtherToFromRightOfUseAssets" xlink:to="lab_cae_TransfersAndOtherToFromRightOfUseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember_03592d74-2ff2-4990-826b-004154e8024d_terseLabel_en-US" xlink:label="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedges Of Net Investment In US Entities</link:label>
    <link:label id="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember_label_en-US" xlink:label="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedges Of Net Investment In US Entities [Member]</link:label>
    <link:label id="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember_documentation_en-US" xlink:label="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedges Of Net Investment In US Entities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_HedgesOfNetInvestmentInUSEntitiesMember" xlink:href="cae-20210331.xsd#cae_HedgesOfNetInvestmentInUSEntitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_HedgesOfNetInvestmentInUSEntitiesMember" xlink:to="lab_cae_HedgesOfNetInvestmentInUSEntitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember_0af82538-f83f-489c-8b27-f5073a64c9e4_terseLabel_en-US" xlink:label="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment and right-of-use of assets</link:label>
    <link:label id="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember_label_en-US" xlink:label="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, Plant And Equipment Related Temporary Differences [Member]</link:label>
    <link:label id="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember_documentation_en-US" xlink:label="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, Plant And Equipment Related Temporary Differences</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember" xlink:href="cae-20210331.xsd#cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember" xlink:to="lab_cae_PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_JointVenturesMember_610dd6ce-72c0-4596-afc3-c4c0ed53bd3b_terseLabel_en-US" xlink:label="lab_ifrs-full_JointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Joint ventures</link:label>
    <link:label id="lab_ifrs-full_JointVenturesMember_label_en-US" xlink:label="lab_ifrs-full_JointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Joint ventures [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointVenturesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_JointVenturesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesMember" xlink:to="lab_ifrs-full_JointVenturesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_c07847c2-cda2-4dff-875c-0aa395c7cbb4_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disposals</link:label>
    <link:label id="lab_ifrs-full_DisposalsPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_AdvancestoaPortfolioInvestmentMember_e3b3b037-aab5-4527-aa42-d7bbfc30d9bd_terseLabel_en-US" xlink:label="lab_cae_AdvancestoaPortfolioInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Advances to a portfolio investment</link:label>
    <link:label id="lab_cae_AdvancestoaPortfolioInvestmentMember_label_en-US" xlink:label="lab_cae_AdvancestoaPortfolioInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Advances to a Portfolio Investment [Member]</link:label>
    <link:label id="lab_cae_AdvancestoaPortfolioInvestmentMember_documentation_en-US" xlink:label="lab_cae_AdvancestoaPortfolioInvestmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Advances to a Portfolio Investment [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_AdvancestoaPortfolioInvestmentMember" xlink:href="cae-20210331.xsd#cae_AdvancestoaPortfolioInvestmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AdvancestoaPortfolioInvestmentMember" xlink:to="lab_cae_AdvancestoaPortfolioInvestmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherLongtermProvisions_931efad6-ef43-4e3d-9cc4-f1048046e950_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherLongtermProvisions" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_OtherLongtermProvisions_21a62d84-9cf4-45c5-9f2a-b849d4387fc7_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherLongtermProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current portion</link:label>
    <link:label id="lab_ifrs-full_OtherLongtermProvisions_label_en-US" xlink:label="lab_ifrs-full_OtherLongtermProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLongtermProvisions" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLongtermProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherLongtermProvisions" xlink:to="lab_ifrs-full_OtherLongtermProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_bd710d53-9d03-4509-a397-b7b9f4cfbe8a_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Prepayments</link:label>
    <link:label id="lab_ifrs-full_CurrentPrepaidExpenses_label_en-US" xlink:label="lab_ifrs-full_CurrentPrepaidExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current prepaid expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPrepaidExpenses" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentPrepaidExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentPrepaidExpenses" xlink:to="lab_ifrs-full_CurrentPrepaidExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_515e3408-8f2f-401f-8205-e4c89d4a9e13_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers and others</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) through transfers and other changes, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_BalanceSheetLocation1Axis_45649820-a402-457a-809e-c9dbcbcdac18_terseLabel_en-US" xlink:label="lab_cae_BalanceSheetLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:label id="lab_cae_BalanceSheetLocation1Axis_label_en-US" xlink:label="lab_cae_BalanceSheetLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Sheet Location1 [Axis]</link:label>
    <link:label id="lab_cae_BalanceSheetLocation1Axis_documentation_en-US" xlink:label="lab_cae_BalanceSheetLocation1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_BalanceSheetLocation1Axis" xlink:href="cae-20210331.xsd#cae_BalanceSheetLocation1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_BalanceSheetLocation1Axis" xlink:to="lab_cae_BalanceSheetLocation1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems_768c8941-0461-402a-b798-470646f06eb3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_29e7fca2-fce9-469f-8c13-0abf33a287f7_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ownership interest in subsidiary</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TermLoanMaturing2026Member_6e771eeb-93d9-4ece-8609-e3cbb4696c1d_terseLabel_en-US" xlink:label="lab_cae_TermLoanMaturing2026Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Term Loan, Maturing 2026</link:label>
    <link:label id="lab_cae_TermLoanMaturing2026Member_label_en-US" xlink:label="lab_cae_TermLoanMaturing2026Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Term Loan, Maturing 2026 [Member]</link:label>
    <link:label id="lab_cae_TermLoanMaturing2026Member_documentation_en-US" xlink:label="lab_cae_TermLoanMaturing2026Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Term Loan, Maturing 2026</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TermLoanMaturing2026Member" xlink:href="cae-20210331.xsd#cae_TermLoanMaturing2026Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TermLoanMaturing2026Member" xlink:to="lab_cae_TermLoanMaturing2026Member" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_AccountsPayableandAccruedLiabilitiesMember_eb25ae50-3fb6-4dc3-85a6-2e0d064b5e75_terseLabel_en-US" xlink:label="lab_cae_AccountsPayableandAccruedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
    <link:label id="lab_cae_AccountsPayableandAccruedLiabilitiesMember_label_en-US" xlink:label="lab_cae_AccountsPayableandAccruedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts Payable and Accrued Liabilities [Member]</link:label>
    <link:label id="lab_cae_AccountsPayableandAccruedLiabilitiesMember_documentation_en-US" xlink:label="lab_cae_AccountsPayableandAccruedLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts Payable and Accrued Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_AccountsPayableandAccruedLiabilitiesMember" xlink:href="cae-20210331.xsd#cae_AccountsPayableandAccruedLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AccountsPayableandAccruedLiabilitiesMember" xlink:to="lab_cae_AccountsPayableandAccruedLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_abdc6184-5ee2-466a-8c94-515455825b40_negatedTerseLabel_en-US" xlink:label="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Administrative costs</link:label>
    <link:label id="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Administrative Expenses, Net Defined Benefit Liability (Asset)</link:label>
    <link:label id="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Administrative Expenses, Net Defined Benefit Liability (Asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:href="cae-20210331.xsd#cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:to="lab_cae_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_7b16701c-f598-45a9-806e-63a8ddef7012_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Recognized in OCI</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income tax relating to components of other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_4f232955-5553-4abf-9581-0a41f1af8d19_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for segment consolidation items [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for segment consolidation items [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="lab_ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LossesOnChangeInFairValueOfDerivatives_c1c5c547-4761-4a81-94c4-8e6d5cfffdee_terseLabel_en-US" xlink:label="lab_ifrs-full_LossesOnChangeInFairValueOfDerivatives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Losses on change in fair value of derivatives</link:label>
    <link:label id="lab_ifrs-full_LossesOnChangeInFairValueOfDerivatives_label_en-US" xlink:label="lab_ifrs-full_LossesOnChangeInFairValueOfDerivatives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Losses on change in fair value of derivatives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LossesOnChangeInFairValueOfDerivatives" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LossesOnChangeInFairValueOfDerivatives"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LossesOnChangeInFairValueOfDerivatives" xlink:to="lab_ifrs-full_LossesOnChangeInFairValueOfDerivatives" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties_9740ca18-26af-45c3-a00f-10f31f9463af_terseLabel_en-US" xlink:label="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current liabilities</link:label>
    <link:label id="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties_label_en-US" xlink:label="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Non-current Liabilities Due To Related Parties</link:label>
    <link:label id="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties_documentation_en-US" xlink:label="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Non-current Liabilities Due To Related Parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OtherNoncurrentLiabilitiesDueToRelatedParties" xlink:href="cae-20210331.xsd#cae_OtherNoncurrentLiabilitiesDueToRelatedParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OtherNoncurrentLiabilitiesDueToRelatedParties" xlink:to="lab_cae_OtherNoncurrentLiabilitiesDueToRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember_74ad5852-adfd-4e33-ae8c-b82399a1fdd4_terseLabel_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, Integration And Acquisition Costs</link:label>
    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember_label_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, Integration And Acquisition Costs [Member]</link:label>
    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember_documentation_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, Integration And Acquisition Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RestructuringIntegrationAndAcquisitionCostsMember" xlink:href="cae-20210331.xsd#cae_RestructuringIntegrationAndAcquisitionCostsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RestructuringIntegrationAndAcquisitionCostsMember" xlink:to="lab_cae_RestructuringIntegrationAndAcquisitionCostsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DirectionalAviationCapitalMember_ad2801df-d4d2-4eb6-9d98-45c871e69cfb_terseLabel_en-US" xlink:label="lab_cae_DirectionalAviationCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Directional Aviation Capital</link:label>
    <link:label id="lab_cae_DirectionalAviationCapitalMember_label_en-US" xlink:label="lab_cae_DirectionalAviationCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Directional Aviation Capital [Member]</link:label>
    <link:label id="lab_cae_DirectionalAviationCapitalMember_documentation_en-US" xlink:label="lab_cae_DirectionalAviationCapitalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Directional Aviation Capital [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DirectionalAviationCapitalMember" xlink:href="cae-20210331.xsd#cae_DirectionalAviationCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DirectionalAviationCapitalMember" xlink:to="lab_cae_DirectionalAviationCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherGainsLosses_504f960c-de80-47d9-8124-486d663600ee_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other (gains) and losses</link:label>
    <link:label id="lab_ifrs-full_OtherGainsLosses_71f85496-ebd9-4e76-81e8-3c602f7a8cad_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other (gains) and losses</link:label>
    <link:label id="lab_ifrs-full_OtherGainsLosses_label_en-US" xlink:label="lab_ifrs-full_OtherGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other gains (losses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherGainsLosses" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherGainsLosses" xlink:to="lab_ifrs-full_OtherGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Borrowings_b07e3400-351e-4738-a39a-a7de0d011cd5_terseLabel_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt</link:label>
    <link:label id="lab_ifrs-full_Borrowings_label_en-US" xlink:label="lab_ifrs-full_Borrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Borrowings" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Borrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Borrowings" xlink:to="lab_ifrs-full_Borrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_4205ddc5-97f3-4987-8c12-893d488f9bca_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Retained earnings</link:label>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember" xlink:to="lab_ifrs-full_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_5115292a-0536-419b-bddb-8fefe383f04a_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_FlightTrainingDeviceMauritiusLtd.Member_7b6a9e10-7a5e-48a0-9e56-b6448dc274ca_terseLabel_en-US" xlink:label="lab_cae_FlightTrainingDeviceMauritiusLtd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Flight Training Device (Mauritius) Ltd.</link:label>
    <link:label id="lab_cae_FlightTrainingDeviceMauritiusLtd.Member_label_en-US" xlink:label="lab_cae_FlightTrainingDeviceMauritiusLtd.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Flight Training Device (Mauritius) Ltd. [Member]</link:label>
    <link:label id="lab_cae_FlightTrainingDeviceMauritiusLtd.Member_documentation_en-US" xlink:label="lab_cae_FlightTrainingDeviceMauritiusLtd.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Flight Training Device (Mauritius) Ltd. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_FlightTrainingDeviceMauritiusLtd.Member" xlink:href="cae-20210331.xsd#cae_FlightTrainingDeviceMauritiusLtd.Member"/>
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    <link:label id="lab_cae_CAEGmbHMember_807c0f89-a711-46e2-b7a8-34a65701bdf1_terseLabel_en-US" xlink:label="lab_cae_CAEGmbHMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE GmbH</link:label>
    <link:label id="lab_cae_CAEGmbHMember_label_en-US" xlink:label="lab_cae_CAEGmbHMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE GmbH [Member]</link:label>
    <link:label id="lab_cae_CAEGmbHMember_documentation_en-US" xlink:label="lab_cae_CAEGmbHMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Electronik GmbH [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEGmbHMember" xlink:href="cae-20210331.xsd#cae_CAEGmbHMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAEGmbHMember" xlink:to="lab_cae_CAEGmbHMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_49cf8045-6260-4905-955c-6b0cef255c44_terseLabel_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Range of exercise prices</link:label>
    <link:label id="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019_label_en-US" xlink:label="lab_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise price of outstanding share options</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExercisePriceOfOutstandingShareOptions2019"/>
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    <link:label id="lab_ifrs-full_AssetsAbstract_8e8f413e-32e7-4806-a013-8ab6ef70f15e_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_ifrs-full_AssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract_c8a85387-acce-4e44-bf87-888461507bb6_terseLabel_en-US" xlink:label="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Analysis of income and expense [abstract]</link:label>
    <link:label id="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract_label_en-US" xlink:label="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Analysis of income and expense [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AnalysisOfIncomeAndExpenseAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:to="lab_ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_bcd95dfd-bcd5-4b04-aba6-82ad211ec084_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:to="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_PresagisUSAInc.Member_ec4b26bf-ee74-40c7-840b-ca76607ff877_terseLabel_en-US" xlink:label="lab_cae_PresagisUSAInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Presagis USA Inc.</link:label>
    <link:label id="lab_cae_PresagisUSAInc.Member_label_en-US" xlink:label="lab_cae_PresagisUSAInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Presagis USA Inc. [Member]</link:label>
    <link:label id="lab_cae_PresagisUSAInc.Member_documentation_en-US" xlink:label="lab_cae_PresagisUSAInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Presagis USA Inc. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_PresagisUSAInc.Member" xlink:href="cae-20210331.xsd#cae_PresagisUSAInc.Member"/>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems_5cfb2cec-e473-4804-8130-5422e76509b0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_7f14ea47-8568-4052-b026-325940ccc678_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Items that may be reclassified to net (loss) income</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract"/>
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    <link:label id="lab_ifrs-full_ConstructionInProgressMember_c50bc663-2a49-464b-9e02-fe877b3b95e4_terseLabel_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assets under construction</link:label>
    <link:label id="lab_ifrs-full_ConstructionInProgressMember_label_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Construction in progress [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConstructionInProgressMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ConstructionInProgressMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConstructionInProgressMember" xlink:to="lab_ifrs-full_ConstructionInProgressMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MachineryMember_11603cee-8c25-4b47-a272-19fb9ec8acb3_terseLabel_en-US" xlink:label="lab_ifrs-full_MachineryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Machinery and equipment</link:label>
    <link:label id="lab_ifrs-full_MachineryMember_label_en-US" xlink:label="lab_ifrs-full_MachineryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Machinery [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MachineryMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MachineryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MachineryMember" xlink:to="lab_ifrs-full_MachineryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_UseofEstimatesPolicy1PolicyTextBlock_588bc355-43b4-4b07-9acd-97a0ed944a9c_terseLabel_en-US" xlink:label="lab_cae_UseofEstimatesPolicy1PolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Use of judgements, estimates and assumptions</link:label>
    <link:label id="lab_cae_UseofEstimatesPolicy1PolicyTextBlock_label_en-US" xlink:label="lab_cae_UseofEstimatesPolicy1PolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Use of Estimates, Policy1 [Policy Text Block]</link:label>
    <link:label id="lab_cae_UseofEstimatesPolicy1PolicyTextBlock_documentation_en-US" xlink:label="lab_cae_UseofEstimatesPolicy1PolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_UseofEstimatesPolicy1PolicyTextBlock" xlink:href="cae-20210331.xsd#cae_UseofEstimatesPolicy1PolicyTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_UseofEstimatesPolicy1PolicyTextBlock" xlink:to="lab_cae_UseofEstimatesPolicy1PolicyTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAELIDERTrainingdoBrasilLtda.Member_76dfec3b-16e3-49e8-a38e-59bd72ee182e_terseLabel_en-US" xlink:label="lab_cae_CAELIDERTrainingdoBrasilLtda.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE-LIDER Training do Brasil Ltda.</link:label>
    <link:label id="lab_cae_CAELIDERTrainingdoBrasilLtda.Member_label_en-US" xlink:label="lab_cae_CAELIDERTrainingdoBrasilLtda.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE-LIDER Training do Brasil Ltda. [Member]</link:label>
    <link:label id="lab_cae_CAELIDERTrainingdoBrasilLtda.Member_documentation_en-US" xlink:label="lab_cae_CAELIDERTrainingdoBrasilLtda.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE-LIDER Training do Brasil Ltda. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAELIDERTrainingdoBrasilLtda.Member" xlink:href="cae-20210331.xsd#cae_CAELIDERTrainingdoBrasilLtda.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAELIDERTrainingdoBrasilLtda.Member" xlink:to="lab_cae_CAELIDERTrainingdoBrasilLtda.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember_393382d9-7ae2-41d5-be72-257be909d9b6_terseLabel_en-US" xlink:label="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Canadian dollar</link:label>
    <link:label id="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember_label_en-US" xlink:label="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research And Development Obligations, Canadian Dollar [Member]</link:label>
    <link:label id="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember_documentation_en-US" xlink:label="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Research And Development Obligations, Canadian Dollar [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ResearchAndDevelopmentObligationsCanadianDollarMember" xlink:href="cae-20210331.xsd#cae_ResearchAndDevelopmentObligationsCanadianDollarMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ResearchAndDevelopmentObligationsCanadianDollarMember" xlink:to="lab_cae_ResearchAndDevelopmentObligationsCanadianDollarMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems_c4c4b2f6-7a6c-46d0-bb2a-0e2ff8b6fd7e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of changes in goodwill [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of changes in goodwill [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_476fd5ff-b7f3-4e3e-994b-eb34f6e9c1bc_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_924e70ea-14ee-42bd-8bf2-a0ead65b2bdd_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation method, right-of-use assets</link:label>
    <link:label id="lab_ifrs-full_DepreciationRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_DepreciationRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation, right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationRightofuseAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationRightofuseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationRightofuseAssets" xlink:to="lab_ifrs-full_DepreciationRightofuseAssets" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_CountryOfDomicileMember_1e789709-e7c7-45fc-a184-60e442d5f53b_terseLabel_en-US" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Canada</link:label>
    <link:label id="lab_ifrs-full_CountryOfDomicileMember_label_en-US" xlink:label="lab_ifrs-full_CountryOfDomicileMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Country of domicile [member]</link:label>
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    <link:label id="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_edf606ad-a743-4b13-abb5-f1853e67c3d1_terseLabel_en-US" xlink:label="lab_ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial assumption of expected rates of salary increases, pension obligation</link:label>
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    <link:label id="lab_cae_SeveranceAndOtherEmployeeRelatedCosts_documentation_en-US" xlink:label="lab_cae_SeveranceAndOtherEmployeeRelatedCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Severance And Other Employee Related Costs</link:label>
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    <link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_27ec7b52-2595-472f-8701-fb9ef4fe9f55_totalLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair value of net assets acquired, excluding cash acquired</link:label>
    <link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_label_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Identifiable assets acquired (liabilities assumed)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory_90295347-d19d-41fc-96e3-c887ba0b2775_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of number and weighted average exercise prices of share options</link:label>
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    <link:label id="lab_ifrs-full_FinanceCosts_eb95307d-329b-4fdc-ba80-5ca6166f0306_totalLabel_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance expense</link:label>
    <link:label id="lab_ifrs-full_FinanceCosts_label_en-US" xlink:label="lab_ifrs-full_FinanceCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance costs</link:label>
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    <link:label id="lab_cae_ShareBasedPaymentsExpenseNetOfEquitySwap_9d160de2-aec4-405a-be23-ab3ba66b9417_terseLabel_en-US" xlink:label="lab_cae_ShareBasedPaymentsExpenseNetOfEquitySwap" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share based payments expense, net of equity swap</link:label>
    <link:label id="lab_cae_ShareBasedPaymentsExpenseNetOfEquitySwap_label_en-US" xlink:label="lab_cae_ShareBasedPaymentsExpenseNetOfEquitySwap" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share based payments expense, net of equity swap</link:label>
    <link:label id="lab_cae_ShareBasedPaymentsExpenseNetOfEquitySwap_documentation_en-US" xlink:label="lab_cae_ShareBasedPaymentsExpenseNetOfEquitySwap" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share based payments expense, net of equity swap</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ShareBasedPaymentsExpenseNetOfEquitySwap" xlink:href="cae-20210331.xsd#cae_ShareBasedPaymentsExpenseNetOfEquitySwap"/>
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    <link:label id="lab_cae_DisclosureOfAccountsPayableAndOtherLiabilitiesTableTextBlock_9ff6259c-aba6-41fc-8443-db756cd166e8_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfAccountsPayableAndOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of accounts payable and other liabilities</link:label>
    <link:label id="lab_cae_DisclosureOfAccountsPayableAndOtherLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_cae_DisclosureOfAccountsPayableAndOtherLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of Accounts Payable And Other Liabilities [Table Text Block]</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_9fe9c745-51d3-4646-889b-ebaf21414724_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for business combinations [text block]</link:label>
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    <link:label id="lab_cae_AmortizationPeriodPropertyPlantAndEquipment_d2ab730b-0673-46be-b2ba-3fbcbc92f4d7_terseLabel_en-US" xlink:label="lab_cae_AmortizationPeriodPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Average remaining amortization period</link:label>
    <link:label id="lab_cae_AmortizationPeriodPropertyPlantAndEquipment_label_en-US" xlink:label="lab_cae_AmortizationPeriodPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization Period, Property, Plant And Equipment</link:label>
    <link:label id="lab_cae_AmortizationPeriodPropertyPlantAndEquipment_documentation_en-US" xlink:label="lab_cae_AmortizationPeriodPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization Period, Property, Plant And Equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_AmortizationPeriodPropertyPlantAndEquipment" xlink:href="cae-20210331.xsd#cae_AmortizationPeriodPropertyPlantAndEquipment"/>
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    <link:label id="lab_ifrs-full_DisclosureOfCashFlowStatementExplanatory_b755306d-a0d9-49b6-8beb-fd74c55953e7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCashFlowStatementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SUPPLEMENTARY CASH FLOWS INFORMATION</link:label>
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    <link:label id="lab_ifrs-full_NotLaterThanOneMonthMember_77cae425-c0b4-4eed-80e3-e123e407de62_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneMonthMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">1-30 days</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneMonthMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneMonthMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Not later than one month [member]</link:label>
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    <link:label id="lab_cae_InvestmentInRepayableContributionsHealthcareRDPrograms_0d132874-b348-4bc8-89f3-cc0fc1a462c9_terseLabel_en-US" xlink:label="lab_cae_InvestmentInRepayableContributionsHealthcareRDPrograms" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in repayable contributions, healthcare R&amp;D programs</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_InvestmentInRepayableContributionsHealthcareRDPrograms" xlink:href="cae-20210331.xsd#cae_InvestmentInRepayableContributionsHealthcareRDPrograms"/>
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    <link:label id="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_e8eeba4b-615c-49a1-97d7-8af15314456e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">BALANCE FROM CONTRACTS WITH CUSTOMERS</link:label>
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    <link:label id="lab_cae_AG2020Member_0acec1a2-c43b-44f0-ba0e-0158a6d8c1b2_terseLabel_en-US" xlink:label="lab_cae_AG2020Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AG2020</link:label>
    <link:label id="lab_cae_AG2020Member_label_en-US" xlink:label="lab_cae_AG2020Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">AG2020 [Member]</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_8a6dc889-ae46-4529-8510-2dd6c8b86d2e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowing costs</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfBorrowingsExplanatory_d607466b-bc2f-4b18-a470-87d4ca2bbeb4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">DEBT FACILITIES</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsTable_c7bbae30-9a87-4a7b-b43b-cebcb9edad3a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of temporary difference, unused tax losses and unused tax credits [table]</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset_1ec910c4-b5dc-48e1-a902-25df66ff2064_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations</link:label>
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    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_3ec5c418-b865-46b5-9039-2dd8b18d5845_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">(Loss) earnings before income taxes</link:label>
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    <link:label id="lab_cae_SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesAvailableforGrant1_42072a38-32d1-41a1-9d69-a23c76fa005b_terseLabel_en-US" xlink:label="lab_cae_SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesAvailableforGrant1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares (in shares)</link:label>
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    <link:label id="lab_cae_DeferredRevenueRelatedTemporaryDifferencesMember_c0208958-18d5-4a39-889b-2e6ed921eadd_terseLabel_en-US" xlink:label="lab_cae_DeferredRevenueRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenues, contract assets and contract liabilities</link:label>
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    <link:label id="lab_cae_CAEHealthcareCanadaInc.Member_2fd679b7-b53f-4883-a534-185270580ea2_terseLabel_en-US" xlink:label="lab_cae_CAEHealthcareCanadaInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Healthcare Canada Inc.</link:label>
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    <link:label id="lab_cae_DiscountRateIncrease_642f4b15-ef15-46d2-ba78-7380059cef78_terseLabel_en-US" xlink:label="lab_cae_DiscountRateIncrease" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Discount rate increase</link:label>
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    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_e30e4491-c915-488b-89b1-2120cdb9ace9_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Origination and reversal of temporary differences</link:label>
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    <link:label id="lab_country_NL_c5e15ca0-4e5b-4829-9942-0b1b3f755b16_terseLabel_en-US" xlink:label="lab_country_NL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Netherlands</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_fbabfbe2-e0e2-425d-9221-cdce64f200cb_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Undiscounted Lease Payments to be Received Under Operating Leases</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of maturity analysis of operating lease payments [text block]</link:label>
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    <link:label id="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets_95920e26-1197-4644-b97a-5ee3110e366b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions</link:label>
    <link:label id="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets</link:label>
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    <link:label id="lab_cae_AccountsReceivableAmountSoldToFinancialInstitution_ff889798-d4e3-4334-8455-f305b8816e1b_terseLabel_en-US" xlink:label="lab_cae_AccountsReceivableAmountSoldToFinancialInstitution" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts receivable, amount sold to financial institution</link:label>
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    <link:label id="lab_cae_CashFlowStatementAbstract_7a77dc96-f0a5-4144-b969-181eb5ec4ccb_terseLabel_en-US" xlink:label="lab_cae_CashFlowStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flow Statement [Abstract]</link:label>
    <link:label id="lab_cae_CashFlowStatementAbstract_label_en-US" xlink:label="lab_cae_CashFlowStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flow Statement [Abstract]</link:label>
    <link:label id="lab_cae_CashFlowStatementAbstract_documentation_en-US" xlink:label="lab_cae_CashFlowStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Flow Statement [Abstract]</link:label>
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    <link:label id="lab_cae_CAECentreOsloASMember_91e7b1be-4a92-4807-b4b1-50f6b39f1238_terseLabel_en-US" xlink:label="lab_cae_CAECentreOsloASMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Oslo AS</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageShares_77020f0d-2e9b-40d8-a2cf-6cf7d87e0561_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average number of common shares outstanding, shares</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_348cbbe2-e88c-4e5e-88aa-45aa7234a5cc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ACCUMULATED OTHER COMPREHENSIVE INCOME</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory_d7846890-e337-4637-82ab-38878400cf5a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">INTANGIBLE ASSETS</link:label>
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    <link:label id="lab_ifrs-full_UnusedTaxLossesMember_86ca8f99-ed0e-4cf8-bb67-bcabaeef3fd2_terseLabel_en-US" xlink:label="lab_ifrs-full_UnusedTaxLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-capital loss carryforwards</link:label>
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    <link:label id="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_065fa95a-11d5-4b8d-96ec-4b5a970bb371_terseLabel_en-US" xlink:label="lab_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Past service cost</link:label>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_ab350327-0c58-4395-b166-2e7aeb11cee7_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Salaries and other short-term employee benefits</link:label>
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    <link:label id="lab_cae_FlightSimulationCompanyBVMember_48111fff-8a12-4e07-905c-83a420491036_terseLabel_en-US" xlink:label="lab_cae_FlightSimulationCompanyBVMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Flight Simulation Company B.V</link:label>
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    <link:label id="lab_cae_FlightSimulationCompanyBVMember_documentation_en-US" xlink:label="lab_cae_FlightSimulationCompanyBVMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Flight Simulation Company B.V</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory_fc0fe2b2-d6f5-4e0e-a462-f4e8256e5f26_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">RELATED PARTY RELATIONSHIPS</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory_7cccf13f-9053-43b4-88d7-2c2df1ed50fa_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">RELATED PARTY TRANSACTIONS</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of related party [text block]</link:label>
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_eb29461d-dbe8-4e00-95c0-3cc39307dc42_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments expense</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherCurrentReceivables_06e129ae-6529-4637-a5f2-019eeba09ddb_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_ifrs-full_OtherCurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other current receivables</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentReceivables" xlink:to="lab_ifrs-full_OtherCurrentReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_860cfd2f-6ea3-498f-beea-7b27d53f8b11_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for:</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_224196b1-b0f6-4ddd-9dcf-f5fda2d3f7e0_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_c9fb4798-1bcd-4ec2-b1fd-e16b6c41b868_periodStartLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets, start</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_266ff8fe-bf9b-427d-83b6-b40983a51704_periodEndLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets, end</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_6b43f86a-d277-440d-97c6-c49c13d5d85d_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net (decrease) increase in cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member_22421826-3e26-4cee-aded-071d68bd4358_terseLabel_en-US" xlink:label="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Flight &amp; Simulator Services Sdn. Bhd.</link:label>
    <link:label id="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member_label_en-US" xlink:label="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Flight &amp; Simulator Services Sdn. Bhd. [Member]</link:label>
    <link:label id="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member_documentation_en-US" xlink:label="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Flight &amp; Simulator Services Sdn. Bhd. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEFlightSimulatorServicesSdn.Bhd.Member" xlink:href="cae-20210331.xsd#cae_CAEFlightSimulatorServicesSdn.Bhd.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAEFlightSimulatorServicesSdn.Bhd.Member" xlink:to="lab_cae_CAEFlightSimulatorServicesSdn.Bhd.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_014343a1-e27f-42a8-806a-112367d955b5_terseLabel_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
    <link:label id="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_label_en-US" xlink:label="lab_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
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    <link:label id="lab_ifrs-full_NoncontrollingInterests_60b7e574-a04c-4bfb-a57a-5b4d6c625bc0_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_3d2f1a4b-47c9-4452-9c97-81cec7bf4c1a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for subsidiaries [text block]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AggregatedTimeBandsMember_5be7305d-4a79-4ca0-be47-3cbeb457d286_terseLabel_en-US" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregated time bands [member]</link:label>
    <link:label id="lab_ifrs-full_AggregatedTimeBandsMember_label_en-US" xlink:label="lab_ifrs-full_AggregatedTimeBandsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregated time bands [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AggregatedTimeBandsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AggregatedTimeBandsMember"/>
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    <link:label id="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember_675462cd-41f2-4ae7-90db-6dcff1db89fb_terseLabel_en-US" xlink:label="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted funds for subscription receipts deposit</link:label>
    <link:label id="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember_label_en-US" xlink:label="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted funds for subscription receipts deposit [Member]</link:label>
    <link:label id="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember_documentation_en-US" xlink:label="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted funds for subscription receipts deposit</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RestrictedFundsForSubscriptionReceiptsDepositMember" xlink:href="cae-20210331.xsd#cae_RestrictedFundsForSubscriptionReceiptsDepositMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RestrictedFundsForSubscriptionReceiptsDepositMember" xlink:to="lab_cae_RestrictedFundsForSubscriptionReceiptsDepositMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_InsuredAnnuitiesAmountContributedToFairValueOfPlanAssets_17e1a464-7b1f-4b1f-9ce7-038c88fa7757_terseLabel_en-US" xlink:label="lab_cae_InsuredAnnuitiesAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Insured annuities, amount contributed to fair value of plan assets</link:label>
    <link:label id="lab_cae_InsuredAnnuitiesAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_cae_InsuredAnnuitiesAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Insured Annuities, Amount Contributed To Fair Value Of Plan Assets</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_InsuredAnnuitiesAmountContributedToFairValueOfPlanAssets" xlink:href="cae-20210331.xsd#cae_InsuredAnnuitiesAmountContributedToFairValueOfPlanAssets"/>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_17916ffa-c2d0-46a7-b4b7-4e5800df9323_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_93fbe461-e4dd-499c-8df1-b334ca6c335f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Results by segment</link:label>
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    <link:label id="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_eb01ad00-9030-4031-af40-57020284dde6_terseLabel_en-US" xlink:label="lab_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Past service cost, net defined benefit liability (asset)</link:label>
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    <link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_88276145-e2d1-4eb2-9896-c540b69b7725_terseLabel_en-US" xlink:label="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Present value of defined benefit obligation</link:label>
    <link:label id="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember_label_en-US" xlink:label="lab_ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Present value of defined benefit obligation [member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_ec3a7920-83a2-4cf0-9bba-e2de681bc16f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about business combinations</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about business combination [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_Rotorsims.r.l.Member_e04d2be4-65f4-4e5b-894f-80f0ef2b05a4_terseLabel_en-US" xlink:label="lab_cae_Rotorsims.r.l.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rotorsim s.r.l.</link:label>
    <link:label id="lab_cae_Rotorsims.r.l.Member_label_en-US" xlink:label="lab_cae_Rotorsims.r.l.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rotorsim s.r.l. [Member]</link:label>
    <link:label id="lab_cae_Rotorsims.r.l.Member_documentation_en-US" xlink:label="lab_cae_Rotorsims.r.l.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rotorsim s.r.l. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_Rotorsims.r.l.Member" xlink:href="cae-20210331.xsd#cae_Rotorsims.r.l.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_Rotorsims.r.l.Member" xlink:to="lab_cae_Rotorsims.r.l.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember_ef2fd05f-3954-4878-bfad-407bb8591645_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated other comprehensive income [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TaxPeriod1Domain_a94a8c2f-6f86-4160-b5b8-02a211fee080_terseLabel_en-US" xlink:label="lab_cae_TaxPeriod1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax Period [Domain]</link:label>
    <link:label id="lab_cae_TaxPeriod1Domain_label_en-US" xlink:label="lab_cae_TaxPeriod1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax Period1 [Domain]</link:label>
    <link:label id="lab_cae_TaxPeriod1Domain_documentation_en-US" xlink:label="lab_cae_TaxPeriod1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">[Domain] for Tax Period [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TaxPeriod1Domain" xlink:href="cae-20210331.xsd#cae_TaxPeriod1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TaxPeriod1Domain" xlink:to="lab_cae_TaxPeriod1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SellingGeneralAndAdministrativeExpense_2793dec9-2eee-44a1-9fe7-876ce2dd00a0_terseLabel_en-US" xlink:label="lab_ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Selling, general and administrative expenses</link:label>
    <link:label id="lab_ifrs-full_SellingGeneralAndAdministrativeExpense_label_en-US" xlink:label="lab_ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Selling, general and administrative expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SellingGeneralAndAdministrativeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:to="lab_ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_c3379694-fbe7-420d-a26a-854f375df3c8_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TermOfServiceAgreement_5ccd568b-b0bd-4cf6-8621-39e4aeea1792_terseLabel_en-US" xlink:label="lab_cae_TermOfServiceAgreement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Term of service agreement</link:label>
    <link:label id="lab_cae_TermOfServiceAgreement_label_en-US" xlink:label="lab_cae_TermOfServiceAgreement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Term Of Service Agreement</link:label>
    <link:label id="lab_cae_TermOfServiceAgreement_documentation_en-US" xlink:label="lab_cae_TermOfServiceAgreement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Term Of Service Agreement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TermOfServiceAgreement" xlink:href="cae-20210331.xsd#cae_TermOfServiceAgreement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TermOfServiceAgreement" xlink:to="lab_cae_TermOfServiceAgreement" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_InterestPaid1_61ccc642-b13e-4bc3-b04f-0d7001d13290_terseLabel_en-US" xlink:label="lab_cae_InterestPaid1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest paid</link:label>
    <link:label id="lab_cae_InterestPaid1_label_en-US" xlink:label="lab_cae_InterestPaid1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Paid1</link:label>
    <link:label id="lab_cae_InterestPaid1_documentation_en-US" xlink:label="lab_cae_InterestPaid1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest Paid1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_InterestPaid1" xlink:href="cae-20210331.xsd#cae_InterestPaid1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_InterestPaid1" xlink:to="lab_cae_InterestPaid1" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_HedgingExpenseRecoveryRecognized_deab502e-f0b3-4c64-b8c9-9040bee34e9a_terseLabel_en-US" xlink:label="lab_cae_HedgingExpenseRecoveryRecognized" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging expense (recovery), recognized</link:label>
    <link:label id="lab_cae_HedgingExpenseRecoveryRecognized_label_en-US" xlink:label="lab_cae_HedgingExpenseRecoveryRecognized" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging Expense (Recovery), Recognized</link:label>
    <link:label id="lab_cae_HedgingExpenseRecoveryRecognized_documentation_en-US" xlink:label="lab_cae_HedgingExpenseRecoveryRecognized" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Hedging Expense (Recovery), Recognized</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_HedgingExpenseRecoveryRecognized" xlink:href="cae-20210331.xsd#cae_HedgingExpenseRecoveryRecognized"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_HedgingExpenseRecoveryRecognized" xlink:to="lab_cae_HedgingExpenseRecoveryRecognized" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember_2357d118-edd4-408a-ba5e-43146044a28e_terseLabel_en-US" xlink:label="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative financial assets and liabilities</link:label>
    <link:label id="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember_label_en-US" xlink:label="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments Related Temporary Differences [Member]</link:label>
    <link:label id="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember_documentation_en-US" xlink:label="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments Related Temporary Differences [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember" xlink:href="cae-20210331.xsd#cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember" xlink:to="lab_cae_DerivativeFinancialInstrumentsRelatedTemporaryDifferencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts_f9c44f8b-279a-4f29-bcec-6d96bcd8d035_terseLabel_en-US" xlink:label="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of common shares issued upon conversion of subscription receipts</link:label>
    <link:label id="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts_label_en-US" xlink:label="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Common Shares Issued Upon Conversion of Subscription Receipts</link:label>
    <link:label id="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts_documentation_en-US" xlink:label="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Common Shares Issued Upon Conversion of Subscription Receipts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts" xlink:href="cae-20210331.xsd#cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts" xlink:to="lab_cae_NumberOfCommonSharesIssuedUponConversionOfSubscriptionReceipts" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_PaymentsToEquityAccountedInvestees_2c23e98c-1957-453d-aef1-90d6d91d4ed9_negatedLabel_en-US" xlink:label="lab_cae_PaymentsToEquityAccountedInvestees" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net proceeds from (payments to) equity accounted investees</link:label>
    <link:label id="lab_cae_PaymentsToEquityAccountedInvestees_label_en-US" xlink:label="lab_cae_PaymentsToEquityAccountedInvestees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments To Equity Accounted Investees</link:label>
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    <link:label id="lab_dei_EntityAddressesLineItems_37256fdf-b899-40f0-8eee-08ee1e09bd30_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Addresses [Line Items]</link:label>
    <link:label id="lab_dei_EntityAddressesLineItems_label_en-US" xlink:label="lab_dei_EntityAddressesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Addresses [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressesLineItems" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressesLineItems" xlink:to="lab_dei_EntityAddressesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CumulativeUnrecognisedShareOfLossesOfJointVentures_d30dad09-0e73-4277-8d32-deb5722890d8_terseLabel_en-US" xlink:label="lab_ifrs-full_CumulativeUnrecognisedShareOfLossesOfJointVentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative unrecognised share of losses of joint ventures</link:label>
    <link:label id="lab_ifrs-full_CumulativeUnrecognisedShareOfLossesOfJointVentures_label_en-US" xlink:label="lab_ifrs-full_CumulativeUnrecognisedShareOfLossesOfJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative unrecognised share of losses of joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CumulativeUnrecognisedShareOfLossesOfJointVentures" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CumulativeUnrecognisedShareOfLossesOfJointVentures"/>
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    <link:label id="lab_cae_CivilAviationTrainingSolutionsMember_a7c19db8-b4b4-499c-bf06-7b30e4c8bb6d_terseLabel_en-US" xlink:label="lab_cae_CivilAviationTrainingSolutionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Civil Aviation Training Solutions</link:label>
    <link:label id="lab_cae_CivilAviationTrainingSolutionsMember_label_en-US" xlink:label="lab_cae_CivilAviationTrainingSolutionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Civil Aviation Training Solutions [Member]</link:label>
    <link:label id="lab_cae_CivilAviationTrainingSolutionsMember_documentation_en-US" xlink:label="lab_cae_CivilAviationTrainingSolutionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Civil Aviation Training Solutions [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CivilAviationTrainingSolutionsMember" xlink:href="cae-20210331.xsd#cae_CivilAviationTrainingSolutionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CivilAviationTrainingSolutionsMember" xlink:to="lab_cae_CivilAviationTrainingSolutionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_e0033553-daf7-4095-8395-3684b6a40093_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_RevenueRemainingPerformanceObligationPercentage_84dcbd04-ab95-4909-aed1-61dd041e08db_terseLabel_en-US" xlink:label="lab_cae_RevenueRemainingPerformanceObligationPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Percentage of entity's revenue expected to be recognised</link:label>
    <link:label id="lab_cae_RevenueRemainingPerformanceObligationPercentage_label_en-US" xlink:label="lab_cae_RevenueRemainingPerformanceObligationPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revenue, Remaining Performance Obligation, Percentage</link:label>
    <link:label id="lab_cae_RevenueRemainingPerformanceObligationPercentage_documentation_en-US" xlink:label="lab_cae_RevenueRemainingPerformanceObligationPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revenue, Remaining Performance Obligation, Percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RevenueRemainingPerformanceObligationPercentage" xlink:href="cae-20210331.xsd#cae_RevenueRemainingPerformanceObligationPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RevenueRemainingPerformanceObligationPercentage" xlink:to="lab_cae_RevenueRemainingPerformanceObligationPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareIssueRelatedCost_43100e9a-dddb-4e5b-a906-2313b4a8e9ac_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareIssueRelatedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share issue related cost</link:label>
    <link:label id="lab_ifrs-full_ShareIssueRelatedCost_label_en-US" xlink:label="lab_ifrs-full_ShareIssueRelatedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share issue related cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareIssueRelatedCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareIssueRelatedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareIssueRelatedCost" xlink:to="lab_ifrs-full_ShareIssueRelatedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilities_707bc695-d199-46cf-b465-d399ed6937d7_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="lab_ifrs-full_CurrentLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_a4244507-43d5-4777-84ac-fe52f5d06f60_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="lab_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems_b9a5055d-b8e8-4aca-a4e5-258cd0432d96_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value of plan assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value of plan assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_LifeExpectancyatAge45Member_d2d8fca5-09db-418b-b0aa-08c02e6af461_terseLabel_en-US" xlink:label="lab_cae_LifeExpectancyatAge45Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Life Expectancy, at Age 45</link:label>
    <link:label id="lab_cae_LifeExpectancyatAge45Member_label_en-US" xlink:label="lab_cae_LifeExpectancyatAge45Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Life Expectancy, at Age 45 [Member]</link:label>
    <link:label id="lab_cae_LifeExpectancyatAge45Member_documentation_en-US" xlink:label="lab_cae_LifeExpectancyatAge45Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Life Expectancy, at Age 45 [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_LifeExpectancyatAge45Member" xlink:href="cae-20210331.xsd#cae_LifeExpectancyatAge45Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_LifeExpectancyatAge45Member" xlink:to="lab_cae_LifeExpectancyatAge45Member" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_d3fd493c-3435-46b8-89dc-ae0affc98981_terseLabel_en-US" xlink:label="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent consideration arising on business combinations</link:label>
    <link:label id="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_label_en-US" xlink:label="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent liabilities recognised in business combination</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:to="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_2800498f-394a-4637-8439-b853c01681de_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_30ede47b-3689-4489-ba4d-955fe11d636a_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other current payables</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentPayables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentPayables" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OptionLifeShareOptionsGrantedPeriod_37e08350-decb-49b2-ac6d-4662e2a8f1a2_terseLabel_en-US" xlink:label="lab_cae_OptionLifeShareOptionsGrantedPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected stock option life</link:label>
    <link:label id="lab_cae_OptionLifeShareOptionsGrantedPeriod_label_en-US" xlink:label="lab_cae_OptionLifeShareOptionsGrantedPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Option Life, Share Options Granted, Period</link:label>
    <link:label id="lab_cae_OptionLifeShareOptionsGrantedPeriod_documentation_en-US" xlink:label="lab_cae_OptionLifeShareOptionsGrantedPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Option Life, Share Options Granted, Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OptionLifeShareOptionsGrantedPeriod" xlink:href="cae-20210331.xsd#cae_OptionLifeShareOptionsGrantedPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OptionLifeShareOptionsGrantedPeriod" xlink:to="lab_cae_OptionLifeShareOptionsGrantedPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherTemporaryDifferencesMember_47804467-669e-45f9-8c08-360faa556be1_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherTemporaryDifferencesMember_label_en-US" xlink:label="lab_ifrs-full_OtherTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other temporary differences [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTemporaryDifferencesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherTemporaryDifferencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherTemporaryDifferencesMember" xlink:to="lab_ifrs-full_OtherTemporaryDifferencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OtherCurrenciesMember_445b38f3-d275-4161-929d-f9c4b9186e35_terseLabel_en-US" xlink:label="lab_cae_OtherCurrenciesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Currencies</link:label>
    <link:label id="lab_cae_OtherCurrenciesMember_label_en-US" xlink:label="lab_cae_OtherCurrenciesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Currencies [Member]</link:label>
    <link:label id="lab_cae_OtherCurrenciesMember_documentation_en-US" xlink:label="lab_cae_OtherCurrenciesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Currencies [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OtherCurrenciesMember" xlink:href="cae-20210331.xsd#cae_OtherCurrenciesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OtherCurrenciesMember" xlink:to="lab_cae_OtherCurrenciesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory_72ca5665-b0c7-44bc-b2fc-ad471c704495_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for borrowings [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForBorrowingsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_StockDividendIssuedDuringPeriodShares_c2260488-b36c-4902-98ff-f2d43e1ebb3e_terseLabel_en-US" xlink:label="lab_cae_StockDividendIssuedDuringPeriodShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock dividends (in shares)</link:label>
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    <link:label id="lab_cae_NumberOfOtherEquityInstrumentsDividendsPaidInSharebasedPaymentArrangement_5fa32472-3535-438a-9ebe-99876bb67db2_terseLabel_en-US" xlink:label="lab_cae_NumberOfOtherEquityInstrumentsDividendsPaidInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends paid in units (in shares)</link:label>
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    <link:label id="lab_cae_CAEMelbourneFlightTrainingPtyLtd.Member_b0970db6-e967-47ab-ac70-cae0f9316677_terseLabel_en-US" xlink:label="lab_cae_CAEMelbourneFlightTrainingPtyLtd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Melbourne Flight Training Pty Ltd.</link:label>
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    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_f5eada55-ecde-42cb-88b7-db0608646eaa_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gain on foreign currency exchange differences</link:label>
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    <link:label id="lab_cae_PresagisEuropeS.A.Member_c173d2f4-7396-4b04-9182-eba1b447ebf3_terseLabel_en-US" xlink:label="lab_cae_PresagisEuropeS.A.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Presagis Europe (S.A.S)</link:label>
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    <link:label id="lab_cae_PresagisEuropeS.A.Member_documentation_en-US" xlink:label="lab_cae_PresagisEuropeS.A.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Presagis Europe (S.A.) [Member]</link:label>
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    <link:label id="lab_cae_EmployeeStockPurchasePlanESPPMember_8530df1b-1c9b-4099-a588-503e4235a6d7_terseLabel_en-US" xlink:label="lab_cae_EmployeeStockPurchasePlanESPPMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan (ESPP)</link:label>
    <link:label id="lab_cae_EmployeeStockPurchasePlanESPPMember_label_en-US" xlink:label="lab_cae_EmployeeStockPurchasePlanESPPMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan (ESPP) [Member]</link:label>
    <link:label id="lab_cae_EmployeeStockPurchasePlanESPPMember_documentation_en-US" xlink:label="lab_cae_EmployeeStockPurchasePlanESPPMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Purchase Plan (ESPP) [Member]</link:label>
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    <link:label id="lab_ifrs-full_IncomeStatementAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Profit or loss [abstract]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalYearFocus_53718d4d-f273-4ac3-826f-a1c0651ccbc7_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentFiscalYearFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_fec6dfdb-432f-4a45-aee7-b9c1dc24dc33_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial instruments</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for financial instruments [text block]</link:label>
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    <link:label id="lab_cae_IncomeTaxAbstract_4e3097d9-4c9a-46b5-a6ba-775e1731986e_terseLabel_en-US" xlink:label="lab_cae_IncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax [Abstract]</link:label>
    <link:label id="lab_cae_IncomeTaxAbstract_label_en-US" xlink:label="lab_cae_IncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax [Abstract]</link:label>
    <link:label id="lab_cae_IncomeTaxAbstract_documentation_en-US" xlink:label="lab_cae_IncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Tax [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_IncomeTaxAbstract" xlink:href="cae-20210331.xsd#cae_IncomeTaxAbstract"/>
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    <link:label id="lab_dei_EntityCurrentReportingStatus_51e66708-a976-4cd5-b0ef-f98d6ad3fefd_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Current Reporting Status</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_cf092dce-908b-4fa7-8616-2b2252cfaccf_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive (loss) income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_5ccef3f9-1e93-4f3d-8ef4-161c65172e8c_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive (loss) income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_5ebdc014-290d-4c29-b1e2-5f23e10690ae_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive (loss) income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_ec7856d1-375b-4029-98a7-d624672a2674_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts payable trade</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentPayablesToTradeSuppliers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current trade payables</link:label>
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    <link:label id="lab_cae_UsefulLivesRightOfUseAssets_15f1d3b2-58dc-44dc-93ac-95d096713ea1_terseLabel_en-US" xlink:label="lab_cae_UsefulLivesRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Useful lives, right of use assets</link:label>
    <link:label id="lab_cae_UsefulLivesRightOfUseAssets_label_en-US" xlink:label="lab_cae_UsefulLivesRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Useful Lives, Right Of Use Assets</link:label>
    <link:label id="lab_cae_UsefulLivesRightOfUseAssets_documentation_en-US" xlink:label="lab_cae_UsefulLivesRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Useful Lives, Right Of Use Assets</link:label>
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    <link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_d34d846a-1006-4285-a3bb-8089c80eb207_terseLabel_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
    <link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
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    <link:label id="lab_cae_EmployeeBenefitsObligation_e301dc08-6d60-42ca-8858-21549ce50a50_terseLabel_en-US" xlink:label="lab_cae_EmployeeBenefitsObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee benefits obligations</link:label>
    <link:label id="lab_cae_EmployeeBenefitsObligation_label_en-US" xlink:label="lab_cae_EmployeeBenefitsObligation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Benefits Obligation</link:label>
    <link:label id="lab_cae_EmployeeBenefitsObligation_documentation_en-US" xlink:label="lab_cae_EmployeeBenefitsObligation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Benefits Obligation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_EmployeeBenefitsObligation" xlink:href="cae-20210331.xsd#cae_EmployeeBenefitsObligation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_EmployeeBenefitsObligation" xlink:to="lab_cae_EmployeeBenefitsObligation" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_InvestmentInFinanceLeasesMember_b2788d52-dc4c-4186-83b0-aeb4ce6397a3_terseLabel_en-US" xlink:label="lab_cae_InvestmentInFinanceLeasesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in finance leases</link:label>
    <link:label id="lab_cae_InvestmentInFinanceLeasesMember_label_en-US" xlink:label="lab_cae_InvestmentInFinanceLeasesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment In Finance Leases [Member]</link:label>
    <link:label id="lab_cae_InvestmentInFinanceLeasesMember_documentation_en-US" xlink:label="lab_cae_InvestmentInFinanceLeasesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment In Finance Leases [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_InvestmentInFinanceLeasesMember" xlink:href="cae-20210331.xsd#cae_InvestmentInFinanceLeasesMember"/>
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    <link:label id="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_63720aab-91f5-42d9-9922-f5255fb395b4_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets, amount contributed to fair value of plan assets</link:label>
    <link:label id="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_label_en-US" xlink:label="lab_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets, amount contributed to fair value of plan assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets"/>
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    <link:label id="lab_cae_CAESimuFliteInc.Member_197b41c8-b522-42db-bb85-65f3b02500d9_terseLabel_en-US" xlink:label="lab_cae_CAESimuFliteInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE SimuFlite Inc.</link:label>
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    <link:label id="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_6d51abe4-133c-41b9-965a-c408864860b1_terseLabel_en-US" xlink:label="lab_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Return on plan assets, excluding amounts included in interest income</link:label>
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    <link:label id="lab_cae_DefenceAndSecurityMember_74106d99-c143-4d79-8259-0c741a2c5ef5_terseLabel_en-US" xlink:label="lab_cae_DefenceAndSecurityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Defence and Security</link:label>
    <link:label id="lab_cae_DefenceAndSecurityMember_label_en-US" xlink:label="lab_cae_DefenceAndSecurityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Defence and Security [Member]</link:label>
    <link:label id="lab_cae_DefenceAndSecurityMember_documentation_en-US" xlink:label="lab_cae_DefenceAndSecurityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Defence and Security</link:label>
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    <link:label id="lab_cae_ProductsMember_7ae8f281-c31d-47d5-ad55-bcf977ee3da6_terseLabel_en-US" xlink:label="lab_cae_ProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Products</link:label>
    <link:label id="lab_cae_ProductsMember_label_en-US" xlink:label="lab_cae_ProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Products [Member]</link:label>
    <link:label id="lab_cae_ProductsMember_documentation_en-US" xlink:label="lab_cae_ProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Products [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ProductsMember" xlink:href="cae-20210331.xsd#cae_ProductsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ProductsMember" xlink:to="lab_cae_ProductsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_71f92eba-eeca-4351-aa6b-5591d9efcf66_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings by name [axis]</link:label>
    <link:label id="lab_ifrs-full_BorrowingsByNameAxis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsByNameAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings by name [axis]</link:label>
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    <link:label id="lab_cae_FinanceincomeAbstract_967a7153-7a09-4be1-a207-f4cb880a0128_terseLabel_en-US" xlink:label="lab_cae_FinanceincomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income:</link:label>
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    <link:label id="lab_cae_FinanceincomeAbstract_documentation_en-US" xlink:label="lab_cae_FinanceincomeAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_FinanceincomeAbstract" xlink:href="cae-20210331.xsd#cae_FinanceincomeAbstract"/>
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    <link:label id="lab_cae_InvestmentInEquityAccountedInvesteeRecognisedAsOfAcquisitionDate_1ce7652d-9c3a-415f-bea4-6858c128398e_terseLabel_en-US" xlink:label="lab_cae_InvestmentInEquityAccountedInvesteeRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment in equity accounted investees</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_df1ee9f0-5caa-4028-8d23-8982b08fec6a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SHARE CAPITAL, EARNINGS PER SHARE AND DIVIDENDS</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfProductsAndServicesExplanatory_66ac5379-18b8-4c02-a8c8-49ba2cd74411_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfProductsAndServicesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Products and services information</link:label>
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    <link:label id="lab_cae_SensitivityAnalysisToForeignCurrencyRateChangeBasedOnStrengtheningOfForeignCurrency_ad783e2b-8de1-4493-bc91-dd5e377c1cd3_terseLabel_en-US" xlink:label="lab_cae_SensitivityAnalysisToForeignCurrencyRateChangeBasedOnStrengtheningOfForeignCurrency" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency strengthening change</link:label>
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    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_c7a08edc-2000-4ffb-b6bc-2e5bb9bc9bc3_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of financial position [abstract]</link:label>
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    <link:label id="lab_cae_CAEHealthcareInc.Member_0a635107-73ed-44d5-98db-42cf88c24739_terseLabel_en-US" xlink:label="lab_cae_CAEHealthcareInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Healthcare, Inc.</link:label>
    <link:label id="lab_cae_CAEHealthcareInc.Member_label_en-US" xlink:label="lab_cae_CAEHealthcareInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Healthcare, Inc. [Member]</link:label>
    <link:label id="lab_cae_CAEHealthcareInc.Member_documentation_en-US" xlink:label="lab_cae_CAEHealthcareInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Healthcare, Inc. [Member]</link:label>
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    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_da470446-4bc4-447b-9198-8990a084aeea_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
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    <link:label id="lab_cae_LiabilitiesFromSharebasedCompensationObligation_3c5f6942-ba18-45bc-aaf1-97c2f8a46b15_terseLabel_en-US" xlink:label="lab_cae_LiabilitiesFromSharebasedCompensationObligation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments liabilities (Note 26)</link:label>
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    <link:label id="lab_srt_AsiaMember_fd3ce8fc-dbb1-4f38-aa4a-39e39f9f5ff3_terseLabel_en-US" xlink:label="lab_srt_AsiaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Asia</link:label>
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    <link:label id="lab_ifrs-full_MaturityAxis_3678d07b-4d18-4f2e-9374-42b9255afc55_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity [axis]</link:label>
    <link:label id="lab_ifrs-full_MaturityAxis_label_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maturity [axis]</link:label>
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    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other inflows (outflows) of cash, classified as financing activities</link:label>
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    <link:label id="lab_dei_BusinessContactMember_5a99cf79-4084-46e2-bad0-7d2e3e107cf1_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business Contact</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_dei_BusinessContactMember" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_BusinessContactMember"/>
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    <link:label id="lab_ifrs-full_EntitysTotalForSubsidiariesMember_d799387f-e582-4224-b688-b78fe3f035ea_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for subsidiaries [member]</link:label>
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    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncome_fc7c3f69-62e5-4a05-b863-57cb88fb4688_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated other comprehensive income</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:to="lab_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_PostemploymentBenefitCostDefinedBenefitPlans_8a49b060-5b08-4442-bef6-37ca4af331ae_terseLabel_en-US" xlink:label="lab_cae_PostemploymentBenefitCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Post-employment benefits &#8211; defined benefit plans</link:label>
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    <link:label id="lab_cae_MiscellaneousOtherGainsAndLosses_fe545be2-a06d-431d-b91b-af298e7b92dc_negatedTerseLabel_en-US" xlink:label="lab_cae_MiscellaneousOtherGainsAndLosses" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_cae_MiscellaneousOtherGainsAndLosses_label_en-US" xlink:label="lab_cae_MiscellaneousOtherGainsAndLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Miscellaneous, Other Gains And (Losses)</link:label>
    <link:label id="lab_cae_MiscellaneousOtherGainsAndLosses_documentation_en-US" xlink:label="lab_cae_MiscellaneousOtherGainsAndLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Miscellaneous, Other Gains And (Losses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_MiscellaneousOtherGainsAndLosses" xlink:href="cae-20210331.xsd#cae_MiscellaneousOtherGainsAndLosses"/>
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    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_7fb78902-d3e2-4d5e-bcbd-c388ef9d344c_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Units outstanding, beginning of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_18155eea-b136-41f3-bbd4-20aef48bfdb6_periodEndLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Units outstanding, end of year (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of other equity instruments outstanding in share-based payment arrangement</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_54f7334f-67a6-440a-b191-f2a007077697_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_f8e14abd-3eec-40d1-b5ad-29ba0118a779_totalLabel_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average number of common shares outstanding for diluted earnings per share calculation, shares</link:label>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjusted weighted average number of ordinary shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_f6a7100b-4046-4d6f-a9d8-bacd3e4da142_terseLabel_en-US" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Customer relationships</link:label>
    <link:label id="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_label_en-US" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Customer-related intangible assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19_3a8ae6dd-ecd3-46f0-8b87-521c17ad510f_terseLabel_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment loss on non-financial assets, COVID-19</link:label>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19_df4462dc-f6e0-400e-b0eb-e59a6ffdd18a_verboseLabel_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of non-financial assets</link:label>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19_label_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment Loss On Non-Financial Assets, COVID-19</link:label>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19_documentation_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssetsCOVID19" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment Loss On Non-Financial Assets, COVID-19</link:label>
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    <link:label id="lab_cae_CAEAviationTrainingB.V.Member_71abc033-e851-4335-8a84-2e222837892b_terseLabel_en-US" xlink:label="lab_cae_CAEAviationTrainingB.V.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Aviation Training B.V.</link:label>
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    <link:label id="lab_cae_CAEAviationTrainingB.V.Member_documentation_en-US" xlink:label="lab_cae_CAEAviationTrainingB.V.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Aviation Training B.V. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEAviationTrainingB.V.Member" xlink:href="cae-20210331.xsd#cae_CAEAviationTrainingB.V.Member"/>
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    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_b8b1b1f0-75f6-4c10-a4b8-9e48a543ff01_terseLabel_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency translation</link:label>
    <link:label id="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_label_en-US" xlink:label="lab_ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reserve of exchange differences on translation [member]</link:label>
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    <link:label id="lab_cae_SellingGeneralAndAdministrativeExpenses1Member_a188fbe2-7126-41df-9982-9078f50b71a7_terseLabel_en-US" xlink:label="lab_cae_SellingGeneralAndAdministrativeExpenses1Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Selling, general and administrative expenses</link:label>
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    <link:label id="lab_cae_SellingGeneralAndAdministrativeExpenses1Member_documentation_en-US" xlink:label="lab_cae_SellingGeneralAndAdministrativeExpenses1Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Selling, General And Administrative Expenses [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_SellingGeneralAndAdministrativeExpenses1Member" xlink:href="cae-20210331.xsd#cae_SellingGeneralAndAdministrativeExpenses1Member"/>
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    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture_f64ee975-69b5-4a2e-b608-001b6834a2aa_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ownership interest in joint venture</link:label>
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    <link:label id="lab_cae_RevolvingCreditFacilitiesUSDollarVariableRateMember_6ea04986-1133-4e3c-8c7b-ba2270abe1d0_terseLabel_en-US" xlink:label="lab_cae_RevolvingCreditFacilitiesUSDollarVariableRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">U.S. dollar, variable rate</link:label>
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    <link:label id="lab_cae_RestrictedCashMember_a2bc1c3e-f9a0-4a06-aa6c-1161b01c95db_terseLabel_en-US" xlink:label="lab_cae_RestrictedCashMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_cae_RestrictedCashMember_label_en-US" xlink:label="lab_cae_RestrictedCashMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash [Member]</link:label>
    <link:label id="lab_cae_RestrictedCashMember_documentation_en-US" xlink:label="lab_cae_RestrictedCashMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Cash [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RestrictedCashMember" xlink:href="cae-20210331.xsd#cae_RestrictedCashMember"/>
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    <link:label id="lab_cae_ForwardForeignCurrencyContractsMember_a06eb2ef-527a-4fac-8b8f-302b46f578f0_terseLabel_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forward foreign currency contracts</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsMember_label_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forward Foreign Currency Contracts [Member]</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsMember_documentation_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forward Foreign Currency Contracts [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ForwardForeignCurrencyContractsMember" xlink:href="cae-20210331.xsd#cae_ForwardForeignCurrencyContractsMember"/>
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    <link:label id="lab_cae_ShareBasedPaymentsAbstract_12038aa8-64c8-45c9-b6a5-e59387f6e32b_terseLabel_en-US" xlink:label="lab_cae_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Payments [Abstract]</link:label>
    <link:label id="lab_cae_ShareBasedPaymentsAbstract_label_en-US" xlink:label="lab_cae_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Payments [Abstract]</link:label>
    <link:label id="lab_cae_ShareBasedPaymentsAbstract_documentation_en-US" xlink:label="lab_cae_ShareBasedPaymentsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Payments [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ShareBasedPaymentsAbstract" xlink:href="cae-20210331.xsd#cae_ShareBasedPaymentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ShareBasedPaymentsAbstract" xlink:to="lab_cae_ShareBasedPaymentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_e1ae2da2-0513-4357-af17-06866908f7a0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
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    <link:label id="lab_ifrs-full_UnrecognisedShareOfLossesOfJointVentures_96faf8d9-a51f-4465-a9cf-a238dc763b45_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_UnrecognisedShareOfLossesOfJointVentures" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrecognized share of losses of joint ventures</link:label>
    <link:label id="lab_ifrs-full_UnrecognisedShareOfLossesOfJointVentures_label_en-US" xlink:label="lab_ifrs-full_UnrecognisedShareOfLossesOfJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unrecognised share of losses of joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UnrecognisedShareOfLossesOfJointVentures" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UnrecognisedShareOfLossesOfJointVentures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnrecognisedShareOfLossesOfJointVentures" xlink:to="lab_ifrs-full_UnrecognisedShareOfLossesOfJointVentures" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsOutflowMember_035fad54-5fd7-4c3e-b32c-12644e2b9b25_terseLabel_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsOutflowMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forward foreign currency contracts, outflow</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsOutflowMember_label_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsOutflowMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forward Foreign Currency Contracts, Outflow [Member]</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsOutflowMember_documentation_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsOutflowMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Forward Foreign Currency Contracts, Outflow [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ForwardForeignCurrencyContractsOutflowMember" xlink:href="cae-20210331.xsd#cae_ForwardForeignCurrencyContractsOutflowMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ForwardForeignCurrencyContractsOutflowMember" xlink:to="lab_cae_ForwardForeignCurrencyContractsOutflowMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_JALCAEFlightTrainingCo.Ltd.Member_27b05ea9-b947-4c08-8d64-7a24af964b3c_terseLabel_en-US" xlink:label="lab_cae_JALCAEFlightTrainingCo.Ltd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">JAL CAE Flight Training Co. Ltd.</link:label>
    <link:label id="lab_cae_JALCAEFlightTrainingCo.Ltd.Member_label_en-US" xlink:label="lab_cae_JALCAEFlightTrainingCo.Ltd.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">JAL CAE Flight Training Co. Ltd. [Member]</link:label>
    <link:label id="lab_cae_JALCAEFlightTrainingCo.Ltd.Member_documentation_en-US" xlink:label="lab_cae_JALCAEFlightTrainingCo.Ltd.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">JAL CAE Flight Training Co. Ltd. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_JALCAEFlightTrainingCo.Ltd.Member" xlink:href="cae-20210331.xsd#cae_JALCAEFlightTrainingCo.Ltd.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_JALCAEFlightTrainingCo.Ltd.Member" xlink:to="lab_cae_JALCAEFlightTrainingCo.Ltd.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract_4db93da4-7e93-4b8b-a4a7-66a643d6a0b3_terseLabel_en-US" xlink:label="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of share-based payments arrangements [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract_label_en-US" xlink:label="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of share-based payments arrangements [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract_documentation_en-US" xlink:label="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of share-based payments arrangements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DisclosureofsharebasedpaymentsarrangementsAbstract" xlink:href="cae-20210331.xsd#cae_DisclosureofsharebasedpaymentsarrangementsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DisclosureofsharebasedpaymentsarrangementsAbstract" xlink:to="lab_cae_DisclosureofsharebasedpaymentsarrangementsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_2f2b0e60-9eaf-41a1-90c5-73321084b6c0_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfRisksAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of risks [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfRisksAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TypesOfRisksAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfRisksAxis" xlink:to="lab_ifrs-full_TypesOfRisksAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCosts_e54f9047-0e4b-45b7-b853-9e9944a10d31_terseLabel_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, integration and acquisition costs</link:label>
    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCosts_6fb3f6d7-6fc6-45de-988b-43149a40ce6d_totalLabel_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total restructuring, integration and acquisition costs</link:label>
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    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCosts_documentation_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, Integration And Acquisition Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RestructuringIntegrationAndAcquisitionCosts" xlink:href="cae-20210331.xsd#cae_RestructuringIntegrationAndAcquisitionCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RestructuringIntegrationAndAcquisitionCosts" xlink:to="lab_cae_RestructuringIntegrationAndAcquisitionCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DescriptionOfGovernmentParticipationPolicyTextBlock_50b3a0ea-5ee8-4d88-86cc-394ee9c80c18_terseLabel_en-US" xlink:label="lab_cae_DescriptionOfGovernmentParticipationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Government participation, Royalty obligations, R&amp;D obligations, and Investment tax credits</link:label>
    <link:label id="lab_cae_DescriptionOfGovernmentParticipationPolicyTextBlock_label_en-US" xlink:label="lab_cae_DescriptionOfGovernmentParticipationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description Of Government Participation [Policy Text Block]</link:label>
    <link:label id="lab_cae_DescriptionOfGovernmentParticipationPolicyTextBlock_documentation_en-US" xlink:label="lab_cae_DescriptionOfGovernmentParticipationPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description Of Government Participation [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DescriptionOfGovernmentParticipationPolicyTextBlock" xlink:href="cae-20210331.xsd#cae_DescriptionOfGovernmentParticipationPolicyTextBlock"/>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_eba63c58-5259-46bb-b461-425dbc99ea1a_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Items that may be reclassified to net (loss) income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income that will be reclassified to profit or loss, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_EquitySecuritiesDomesticMember_43225876-b4c3-46eb-9908-2dc2c2163d79_terseLabel_en-US" xlink:label="lab_cae_EquitySecuritiesDomesticMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity securities - domestic</link:label>
    <link:label id="lab_cae_EquitySecuritiesDomesticMember_label_en-US" xlink:label="lab_cae_EquitySecuritiesDomesticMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Securities - Domestic [Member]</link:label>
    <link:label id="lab_cae_EquitySecuritiesDomesticMember_documentation_en-US" xlink:label="lab_cae_EquitySecuritiesDomesticMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Securities - Domestic [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_EquitySecuritiesDomesticMember" xlink:href="cae-20210331.xsd#cae_EquitySecuritiesDomesticMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_EquitySecuritiesDomesticMember" xlink:to="lab_cae_EquitySecuritiesDomesticMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TRUFlightTrainingIcelandEhfMember_684bb62a-6d80-4cd8-9a45-735f13bfe0c2_terseLabel_en-US" xlink:label="lab_cae_TRUFlightTrainingIcelandEhfMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TRU Flight Training Iceland ehf</link:label>
    <link:label id="lab_cae_TRUFlightTrainingIcelandEhfMember_label_en-US" xlink:label="lab_cae_TRUFlightTrainingIcelandEhfMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TRU Flight Training Iceland ehf [Member]</link:label>
    <link:label id="lab_cae_TRUFlightTrainingIcelandEhfMember_documentation_en-US" xlink:label="lab_cae_TRUFlightTrainingIcelandEhfMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TRU Flight Training Iceland ehf</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TRUFlightTrainingIcelandEhfMember" xlink:href="cae-20210331.xsd#cae_TRUFlightTrainingIcelandEhfMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TRUFlightTrainingIcelandEhfMember" xlink:to="lab_cae_TRUFlightTrainingIcelandEhfMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_bc9748d6-3056-4c14-a454-960b937fa8d5_terseLabel_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employer contributions</link:label>
    <link:label id="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contributions to plan by employer, net defined benefit liability (asset)</link:label>
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    <link:label id="lab_cae_ExercisePriceRangeTwoMember_7764ed2a-9670-4967-b337-a1c806eca819_terseLabel_en-US" xlink:label="lab_cae_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">$20.24 to $22.26</link:label>
    <link:label id="lab_cae_ExercisePriceRangeTwoMember_label_en-US" xlink:label="lab_cae_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:label id="lab_cae_ExercisePriceRangeTwoMember_documentation_en-US" xlink:label="lab_cae_ExercisePriceRangeTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ExercisePriceRangeTwoMember" xlink:href="cae-20210331.xsd#cae_ExercisePriceRangeTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ExercisePriceRangeTwoMember" xlink:to="lab_cae_ExercisePriceRangeTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_1f432e0e-30e5-4149-ae63-f50e30ebe661_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_fcbfd240-ce18-4e02-9080-030e119394ab_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Change in income tax rates</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred tax expense (income) relating to tax rate changes or imposition of new taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:to="lab_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ERPandOtherSoftwareMember_94162e5d-be02-4136-8eef-8feabdf4c7cb_terseLabel_en-US" xlink:label="lab_cae_ERPandOtherSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ERP and other software</link:label>
    <link:label id="lab_cae_ERPandOtherSoftwareMember_label_en-US" xlink:label="lab_cae_ERPandOtherSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ERP and Other Software [Member]</link:label>
    <link:label id="lab_cae_ERPandOtherSoftwareMember_documentation_en-US" xlink:label="lab_cae_ERPandOtherSoftwareMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ERP and Other Software [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ERPandOtherSoftwareMember" xlink:href="cae-20210331.xsd#cae_ERPandOtherSoftwareMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ERPandOtherSoftwareMember" xlink:to="lab_cae_ERPandOtherSoftwareMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_39360bea-b12f-4267-8503-34dd145be5eb_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets other than goodwill [member]</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets other than goodwill [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock_3aae6c3e-84ac-479a-bcff-51dbb66de04c_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of accounts receivable</link:label>
    <link:label id="lab_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock_label_en-US" xlink:label="lab_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of Trade And Other Current Receivables [Table Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock" xlink:href="cae-20210331.xsd#cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock" xlink:to="lab_cae_DisclosureOfTradeAndOtherCurrentReceivablesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_WorkingCapital_1a786992-0f89-4438-9064-5efb0a6eae3c_terseLabel_en-US" xlink:label="lab_cae_WorkingCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in non-cash working capital</link:label>
    <link:label id="lab_cae_WorkingCapital_label_en-US" xlink:label="lab_cae_WorkingCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Working Capital</link:label>
    <link:label id="lab_cae_WorkingCapital_documentation_en-US" xlink:label="lab_cae_WorkingCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) in Working Capital, Excluding Cash</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_WorkingCapital" xlink:href="cae-20210331.xsd#cae_WorkingCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_WorkingCapital" xlink:to="lab_cae_WorkingCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CapitalRiskManagementAbstract_2becde73-fc1d-46f8-8d85-46f1b2eaf99d_terseLabel_en-US" xlink:label="lab_cae_CapitalRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital Risk Management [Abstract]</link:label>
    <link:label id="lab_cae_CapitalRiskManagementAbstract_label_en-US" xlink:label="lab_cae_CapitalRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital Risk Management [Abstract]</link:label>
    <link:label id="lab_cae_CapitalRiskManagementAbstract_documentation_en-US" xlink:label="lab_cae_CapitalRiskManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capital Risk Management [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CapitalRiskManagementAbstract" xlink:href="cae-20210331.xsd#cae_CapitalRiskManagementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CapitalRiskManagementAbstract" xlink:to="lab_cae_CapitalRiskManagementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityMember_d0c191dd-4e81-4b31-a192-459f8f07efab_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [member]</link:label>
    <link:label id="lab_ifrs-full_EquityMember_label_en-US" xlink:label="lab_ifrs-full_EquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityMember" xlink:to="lab_ifrs-full_EquityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_af6689af-ae20-4128-914d-8addc6f04fab_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_1a5621e9-242e-4870-9db3-092f8e1c3796_terseLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousOtherProvisionsMember_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Miscellaneous other provisions [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherProvisionsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:to="lab_ifrs-full_MiscellaneousOtherProvisionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_a2ca9fbc-1a12-403d-9b91-b69df23045e6_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssetsMember_3bbdd0b3-92d7-433b-8a27-c0e8492855ea_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_ifrs-full_OtherAssetsMember_label_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssetsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssetsMember" xlink:to="lab_ifrs-full_OtherAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1_cd385834-e1c6-4502-a02c-a4c2f0a1e331_terseLabel_en-US" xlink:label="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Line of credit facility, maximum borrowing capacity</link:label>
    <link:label id="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1_label_en-US" xlink:label="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity1</link:label>
    <link:label id="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1_documentation_en-US" xlink:label="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity1</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_LineofCreditFacilityMaximumBorrowingCapacity1" xlink:href="cae-20210331.xsd#cae_LineofCreditFacilityMaximumBorrowingCapacity1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_LineofCreditFacilityMaximumBorrowingCapacity1" xlink:to="lab_cae_LineofCreditFacilityMaximumBorrowingCapacity1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_e2b18076-0cc2-4bf5-a86f-bbe3c2ccb94b_terseLabel_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income taxes at Canadian statutory rates</link:label>
    <link:label id="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_label_en-US" xlink:label="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax expense (income) at applicable tax rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="lab_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ParcAviationEngineeringServicesLtdMember_11ae2c43-3eec-4525-8a54-19f7fb40197c_terseLabel_en-US" xlink:label="lab_cae_ParcAviationEngineeringServicesLtdMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Parc Aviation Engineering Services Ltd.</link:label>
    <link:label id="lab_cae_ParcAviationEngineeringServicesLtdMember_label_en-US" xlink:label="lab_cae_ParcAviationEngineeringServicesLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Parc Aviation Engineering Services Ltd [Member]</link:label>
    <link:label id="lab_cae_ParcAviationEngineeringServicesLtdMember_documentation_en-US" xlink:label="lab_cae_ParcAviationEngineeringServicesLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Parc Aviation Engineering Services Ltd [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ParcAviationEngineeringServicesLtdMember" xlink:href="cae-20210331.xsd#cae_ParcAviationEngineeringServicesLtdMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ParcAviationEngineeringServicesLtdMember" xlink:to="lab_cae_ParcAviationEngineeringServicesLtdMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract_cc40af07-1c5c-429b-a923-3c2e49739e17_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInOtherProvisionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reconciliation of changes in other provisions [abstract]</link:label>
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    <link:label id="lab_cae_CAEEngineeringKorlatoltFelelosseguTarsasagMember_76f32604-a79c-47b2-b5d6-f740d0a6d0b3_terseLabel_en-US" xlink:label="lab_cae_CAEEngineeringKorlatoltFelelosseguTarsasagMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Engineering Korlatolt Felelossegu Tarsasag</link:label>
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    <link:label id="lab_ifrs-full_StatementOfChangesInEquityLineItems_72338828-a2b2-4031-b7aa-9370a15f5e85_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForSharebasedPayments_2c1d6e5b-173a-4ccd-ae07-3e7ab10f997b_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForSharebasedPayments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments expense</link:label>
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    <link:label id="lab_cae_AdjustmentsForDecreaseIncreaseToAccountsPayableAndAccruedLiabilities_f92eb4cf-de25-4807-9a0c-8855c1223c22_terseLabel_en-US" xlink:label="lab_cae_AdjustmentsForDecreaseIncreaseToAccountsPayableAndAccruedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
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    <link:label id="lab_cae_CAEUSInc.Member_f6c26b69-cfb6-4684-b835-299906b2b0dc_terseLabel_en-US" xlink:label="lab_cae_CAEUSInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE (US) Inc.</link:label>
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    <link:label id="lab_srt_MaximumMember_fceb90a6-4b12-4725-bb91-ac89fcd255b6_terseLabel_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum</link:label>
    <link:label id="lab_srt_MaximumMember_label_en-US" xlink:label="lab_srt_MaximumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Maximum [Member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory_ff8abf4b-d819-457d-afe7-93ddfaf46309_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">OTHER NON-CURRENT ASSETS</link:label>
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    <link:label id="lab_cae_CommonStockDividendsDeclaredPerShare_9e118e37-1acc-4c07-b230-21ec746aff49_terseLabel_en-US" xlink:label="lab_cae_CommonStockDividendsDeclaredPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends (in CAD per share)</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_CommonStockDividendsDeclaredPerShare" xlink:href="cae-20210331.xsd#cae_CommonStockDividendsDeclaredPerShare"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_13cb4d33-6d8a-4573-b6e6-e8f6006f4c38_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
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    <link:label id="lab_ifrs-full_Goodwill_3e7e2efb-7dec-4e55-804b-4d89f5024fef_terseLabel_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Goodwill recognised as of acquisition date</link:label>
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    <link:label id="lab_dei_TradingSymbol_3960068e-c397-4c84-bda2-b27d8d1563bf_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
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    <link:label id="lab_cae_SingaporeCAEFlightTrainingPteLtd.Member_7745cb02-1db0-4a12-a7ca-acdbeb1e6af6_terseLabel_en-US" xlink:label="lab_cae_SingaporeCAEFlightTrainingPteLtd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Singapore CAE Flight Training Pte Ltd.</link:label>
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    <link:label id="lab_cae_SingaporeCAEFlightTrainingPteLtd.Member_documentation_en-US" xlink:label="lab_cae_SingaporeCAEFlightTrainingPteLtd.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Singapore CAE Flight Training Pte Ltd. [Member]</link:label>
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    <link:label id="lab_ifrs-full_CurrencyRiskMember_76839141-8747-4980-bad2-845e44cf61ef_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Currency risk</link:label>
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    <link:label id="lab_cae_S2PxACMI2018Member_d8f7997e-1b2a-48ee-831c-25d5f422abc9_terseLabel_en-US" xlink:label="lab_cae_S2PxACMI2018Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">S2PxA CMI 2018</link:label>
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    <link:label id="lab_cae_S2PxACMI2018Member_documentation_en-US" xlink:label="lab_cae_S2PxACMI2018Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">S2PxA CMI 2018</link:label>
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    <link:label id="lab_cae_ProceedsFromIssuanceOfSubscriptionReceipts_8165dfd4-2210-47f7-a8b0-fbd43b31eda3_terseLabel_en-US" xlink:label="lab_cae_ProceedsFromIssuanceOfSubscriptionReceipts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aggregate gross proceeds</link:label>
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    <link:label id="lab_cae_ProceedsFromIssuanceOfSubscriptionReceipts_documentation_en-US" xlink:label="lab_cae_ProceedsFromIssuanceOfSubscriptionReceipts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds From Issuance Of Subscription Receipts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ProceedsFromIssuanceOfSubscriptionReceipts" xlink:href="cae-20210331.xsd#cae_ProceedsFromIssuanceOfSubscriptionReceipts"/>
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    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_f2d8a7d9-5596-44fe-9af0-b540bf7205c5_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts receivable</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_7dde63b7-9baf-4fbc-afe2-ac5a7e256a93_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total accounts receivable</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trade and other current receivables</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivables" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems_06b765d6-f359-4736-857e-ada741574a62_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [line items]</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_83020cc9-17ec-43b3-ad04-1870f87104ef_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets at fair value through other comprehensive income</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_3a64a882-39bb-4230-8826-2fab3303dddd_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) in working capital</link:label>
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    <link:label id="lab_cae_DefinedContributionPlanEmployerMatchingContributionPercent2_5fd7fe6e-d649-4025-83ac-d24182ef4208_terseLabel_en-US" xlink:label="lab_cae_DefinedContributionPlanEmployerMatchingContributionPercent2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employer matching contribution, matching, percentage</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_FinancialAssetsLiabilitiesAtFairValue" xlink:href="cae-20210331.xsd#cae_FinancialAssetsLiabilitiesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_FinancialAssetsLiabilitiesAtFairValue" xlink:to="lab_cae_FinancialAssetsLiabilitiesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_aecdfc91-5f33-42ed-91ed-73eba6541d42_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit loss allowances</link:label>
    <link:label id="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_a114205e-73e1-4c75-80f5-2d078ea25b12_negatedPeriodStartLabel_en-US" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit loss allowances, beginning of year</link:label>
    <link:label id="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_ed3ec72f-7e57-4e3a-a9fb-42e1ff60c057_negatedPeriodEndLabel_en-US" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credit loss allowances, end of year</link:label>
    <link:label id="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Allowance account for credit losses of financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_IncomeStatementLocation1Domain_29c1b416-fa25-4b73-863f-a2174a81be2f_terseLabel_en-US" xlink:label="lab_cae_IncomeStatementLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:label id="lab_cae_IncomeStatementLocation1Domain_label_en-US" xlink:label="lab_cae_IncomeStatementLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income Statement Location1 [Domain]</link:label>
    <link:label id="lab_cae_IncomeStatementLocation1Domain_documentation_en-US" xlink:label="lab_cae_IncomeStatementLocation1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">[Domain] for Income Statement Location [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_IncomeStatementLocation1Domain" xlink:href="cae-20210331.xsd#cae_IncomeStatementLocation1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_IncomeStatementLocation1Domain" xlink:to="lab_cae_IncomeStatementLocation1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_8c3f6e61-9f0a-475d-8de3-0a202b02c426_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_SharebasedPaymentArrangementsAbstractAbstract_ea73dd8e-f98a-4c4e-84f3-bc940539f746_terseLabel_en-US" xlink:label="lab_cae_SharebasedPaymentArrangementsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangements [Abstract] [Abstract]</link:label>
    <link:label id="lab_cae_SharebasedPaymentArrangementsAbstractAbstract_label_en-US" xlink:label="lab_cae_SharebasedPaymentArrangementsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangements [Abstract] [Abstract]</link:label>
    <link:label id="lab_cae_SharebasedPaymentArrangementsAbstractAbstract_documentation_en-US" xlink:label="lab_cae_SharebasedPaymentArrangementsAbstractAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangements [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_SharebasedPaymentArrangementsAbstractAbstract" xlink:href="cae-20210331.xsd#cae_SharebasedPaymentArrangementsAbstractAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_SharebasedPaymentArrangementsAbstractAbstract" xlink:to="lab_cae_SharebasedPaymentArrangementsAbstractAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_1933f2e2-6f60-4e85-8075-8fbf561f71e5_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_LifeexpectancyrangeDomain_ba79af48-6a77-419a-aad0-3162d6b98185_terseLabel_en-US" xlink:label="lab_cae_LifeexpectancyrangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Life expectancy range [Domain]</link:label>
    <link:label id="lab_cae_LifeexpectancyrangeDomain_label_en-US" xlink:label="lab_cae_LifeexpectancyrangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Life expectancy range [Domain]</link:label>
    <link:label id="lab_cae_LifeexpectancyrangeDomain_documentation_en-US" xlink:label="lab_cae_LifeexpectancyrangeDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">[Domain] for Life expectancy range [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_LifeexpectancyrangeDomain" xlink:href="cae-20210331.xsd#cae_LifeexpectancyrangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_LifeexpectancyrangeDomain" xlink:to="lab_cae_LifeexpectancyrangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ForeignCountriesMember_2a6a9f91-1ed4-4863-afac-ea8788739c66_verboseLabel_en-US" xlink:label="lab_ifrs-full_ForeignCountriesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign</link:label>
    <link:label id="lab_ifrs-full_ForeignCountriesMember_7a40e013-ab40-4a4e-8289-f4d2ae390ea8_terseLabel_en-US" xlink:label="lab_ifrs-full_ForeignCountriesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign</link:label>
    <link:label id="lab_ifrs-full_ForeignCountriesMember_label_en-US" xlink:label="lab_ifrs-full_ForeignCountriesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign countries [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ForeignCountriesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ForeignCountriesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ForeignCountriesMember" xlink:to="lab_ifrs-full_ForeignCountriesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember_7d06e64b-a25f-4918-b865-bcda36ffbe9c_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalized development costs</link:label>
    <link:label id="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember_label_en-US" xlink:label="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalised development expenditure [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CapitalisedDevelopmentExpenditureMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CapitalisedDevelopmentExpenditureMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CapitalisedDevelopmentExpenditureMember" xlink:to="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssets_91098b0c-7452-4008-9b2c-c4d485ff85b2_terseLabel_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment Loss On Non-Financial Assets</link:label>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssets_22c64ac4-087d-42b2-b94f-2981fef5d6b9_verboseLabel_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of non-financial assets &#8211; net</link:label>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssets_label_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment Loss On Non-Financial Assets</link:label>
    <link:label id="lab_cae_ImpairmentLossOnNonFinancialAssets_documentation_en-US" xlink:label="lab_cae_ImpairmentLossOnNonFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment Loss On Non-Financial Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ImpairmentLossOnNonFinancialAssets" xlink:href="cae-20210331.xsd#cae_ImpairmentLossOnNonFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ImpairmentLossOnNonFinancialAssets" xlink:to="lab_cae_ImpairmentLossOnNonFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_229df242-60b6-49c9-b38c-9848505b2ab9_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee benefits obligations</link:label>
    <link:label id="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_label_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current provisions for employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:to="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_25c5da96-dec0-44f6-9130-8da795939ec3_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expense from cash-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets</link:label>
    <link:label id="lab_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_label_en-US" xlink:label="lab_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expense from cash-settled share-based payment transactions in which goods or services received did not qualify for recognition as assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:to="lab_ifrs-full_ExpenseFromCashsettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract_7152cfcc-1164-45ba-ab97-3fbef77928c2_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reconciliation of changes in property, plant and equipment [abstract]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:to="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_870c73f5-fda0-481e-bf82-7ee8d7be7a8b_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance expense &#8211; net</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_8fc7d5dc-6187-473c-ba2d-0a54b4a22959_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance expense &#8211; net</link:label>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_label_en-US" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_279a3012-3926-4922-a2b9-c5168f594a8a_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current portion of long-term debt</link:label>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_27619064-251a-4804-8a75-abe0c56fcced_verboseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current</link:label>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_label_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current portion of non-current borrowings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:to="lab_ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CapitalizeddevelopmentcostsMember_f48662ee-acbf-42a4-801d-6f5c20a39c4b_terseLabel_en-US" xlink:label="lab_cae_CapitalizeddevelopmentcostsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalized development costs</link:label>
    <link:label id="lab_cae_CapitalizeddevelopmentcostsMember_label_en-US" xlink:label="lab_cae_CapitalizeddevelopmentcostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalized development costs [Member]</link:label>
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    <link:label id="lab_ifrs-full_RangesMember_8a236c80-efbf-4736-9518-4b09fd727e77_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Ranges [member]</link:label>
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    <link:label id="lab_cae_SharebasedPaymentArrangementsAbstract_3d67cf7c-6aa2-4752-bd82-1d777412d585_terseLabel_en-US" xlink:label="lab_cae_SharebasedPaymentArrangementsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based Payment Arrangements [Abstract]</link:label>
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    <link:label id="lab_cae_ContractualObligationFiscalYearMaturitySchedule1TableTextBlock_7b09881e-c8ac-46cc-87d7-fc9ed57e800c_terseLabel_en-US" xlink:label="lab_cae_ContractualObligationFiscalYearMaturitySchedule1TableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contractual Obligation, Fiscal Year Maturity Schedule</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_7f9ff1c9-3f50-475e-8e34-5b8690f65487_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">PROPERTY, PLANT AND EQUIPMENT</link:label>
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    <link:label id="lab_ifrs-full_BottomOfRangeMember_e7bdd6cb-5cc0-475f-b24c-b555e027ef78_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Bottom of range</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemAbstract_dd1d14e1-a09c-4a13-ac57-d502d086b8a7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [abstract]</link:label>
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    <link:label id="lab_cae_DisclosureOfAllowanceAccountForTradeReceivablesTableTextBlock_bb579b28-8988-4bb4-a9e7-def9172b65c3_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfAllowanceAccountForTradeReceivablesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of changes in allowance for doubtful accounts</link:label>
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    <link:label id="lab_ifrs-full_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities_8112b783-05bd-4654-a1d6-f9be32741811_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsReceivedFromInvestmentsAccountedForUsingEquityMethodClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividends received from equity accounted investees</link:label>
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    <link:label id="lab_dei_EntityAddressStateOrProvince_487a358e-4449-4a27-94c1-6c7339069d98_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
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    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_01702ff0-a262-4c07-8463-ef6f11101ec8_verboseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross carrying amount</link:label>
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    <link:label id="lab_cae_UsefulLivesIntangibleAssetsOtherThanGoodwill_f00f0b9a-d910-441c-8331-c9848993010d_terseLabel_en-US" xlink:label="lab_cae_UsefulLivesIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Useful lives, intangible assets other than goodwill</link:label>
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    <link:label id="lab_cae_AircraftEnginesMember_2bcd71a8-6600-4ef5-906a-022f23947aff_terseLabel_en-US" xlink:label="lab_cae_AircraftEnginesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aircraft engines</link:label>
    <link:label id="lab_cae_AircraftEnginesMember_label_en-US" xlink:label="lab_cae_AircraftEnginesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aircraft Engines [Member]</link:label>
    <link:label id="lab_cae_AircraftEnginesMember_documentation_en-US" xlink:label="lab_cae_AircraftEnginesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aircraft Engines [Member]</link:label>
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    <link:label id="lab_ifrs-full_SharePremiumMember_a4380b65-4464-47ee-840e-8641f0558db1_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contributed surplus</link:label>
    <link:label id="lab_ifrs-full_SharePremiumMember_label_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share premium [member]</link:label>
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    <link:label id="lab_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense_c4ad6383-c5cc-43c0-8ef2-b66a023d7d0e_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax benefit not previously recognized used to reduce the deferred tax expense</link:label>
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    <link:label id="lab_cae_CAEMilitaryAviationTrainingInc.Member_20f46ee7-af19-420b-be12-78b5593ec6b5_terseLabel_en-US" xlink:label="lab_cae_CAEMilitaryAviationTrainingInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Military Aviation Training Inc.</link:label>
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    <link:label id="lab_cae_CurrencyPairingAxis_4a243c7f-e702-4556-8ffc-648a318d25d8_terseLabel_en-US" xlink:label="lab_cae_CurrencyPairingAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Currency Pairing [Axis]</link:label>
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    <link:label id="lab_ifrs-full_NoncurrentAssetsRecognisedAsOfAcquisitionDate_bc3c26e5-d4c2-4360-b646-c659b46307e0_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current assets</link:label>
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    <link:label id="lab_cae_DisclosureOfDetailedInformationAboutGovernmentGrantsTableTextBlock_114b0a54-82d0-46ad-8fad-d8c4102c42c9_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfDetailedInformationAboutGovernmentGrantsTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed Information about government participation</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfManagingLiquidityRisk_d4d16259-dd2c-4d3d-949e-697780c3077a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfManagingLiquidityRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of how entity manages liquidity risk</link:label>
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    <link:label id="lab_cae_TermsOfIndemnifications_d1733e73-7fcc-49bf-b1c9-1edd46378bae_terseLabel_en-US" xlink:label="lab_cae_TermsOfIndemnifications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Terms of Indemnifications</link:label>
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    <link:label id="lab_cae_TermsOfIndemnifications_documentation_en-US" xlink:label="lab_cae_TermsOfIndemnifications" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Terms Of Indemnifications</link:label>
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    <link:label id="lab_ifrs-full_PlanAssetsMember_fa29a6fd-4cc7-44be-a4ea-466ba834a04a_terseLabel_en-US" xlink:label="lab_ifrs-full_PlanAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Plan assets</link:label>
    <link:label id="lab_ifrs-full_PlanAssetsMember_label_en-US" xlink:label="lab_ifrs-full_PlanAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Plan assets [member]</link:label>
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    <link:label id="lab_cae_OtherGainsAndLossesPurchasesOfPersonalProtectiveEquipment_02587de6-01cd-43e6-b16b-3f683e382ca5_terseLabel_en-US" xlink:label="lab_cae_OtherGainsAndLossesPurchasesOfPersonalProtectiveEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other gains and losses, Purchases of personal protective equipment</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_OtherGainsAndLossesPurchasesOfPersonalProtectiveEquipment" xlink:href="cae-20210331.xsd#cae_OtherGainsAndLossesPurchasesOfPersonalProtectiveEquipment"/>
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    <link:label id="lab_ifrs-full_CostOfSales_0dff02dd-e985-4938-96f0-1f808047d918_terseLabel_en-US" xlink:label="lab_ifrs-full_CostOfSales" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cost of sales</link:label>
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    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_d3f0c662-30c9-4f39-afdf-dc959d281867_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Granted</link:label>
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    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_d64e9fc1-9cfc-44e8-a952-8e4b294f115a_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 3</link:label>
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    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_9a809416-1ca8-42e8-adff-750d48f4a677_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income tax (recovery) expense</link:label>
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    <link:label id="lab_cae_DescriptionOfAccountingPolicyForReclassificationsOfPriorPeriodsPolicyTextBlock_1d4d6909-d151-45b8-837a-0b2991250e38_terseLabel_en-US" xlink:label="lab_cae_DescriptionOfAccountingPolicyForReclassificationsOfPriorPeriodsPolicyTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Comparative figures</link:label>
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    <link:label id="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_1cd58bee-b5b6-40a0-a691-ea6de49b7841_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unearned finance income</link:label>
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    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_1f43b655-8745-47df-91c9-b546c2dbae4b_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Between 1 and 2 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
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    <link:label id="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables_b1f291f9-2483-40d7-b89b-3c3738a1f8d7_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of accounts receivable &#8211; net</link:label>
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    <link:label id="lab_cae_TermOfStrategicPlanUsedInEstimatedCashFlows_7a068e64-2ee0-4c4f-bf9e-870cbad06968_terseLabel_en-US" xlink:label="lab_cae_TermOfStrategicPlanUsedInEstimatedCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Growth rate used to extrapolate cash flow projections, period</link:label>
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    <link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_269d632c-a84c-41eb-91ba-32730583d602_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
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    <link:label id="lab_cae_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalentsFinancingActivities_1a546f08-ccce-4b17-8b04-5192caf7771f_terseLabel_en-US" xlink:label="lab_cae_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalentsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Changes in restricted cash</link:label>
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    <link:label id="lab_ifrs-full_OtherNoncurrentAssets_c4a41ec6-de24-49a3-8960-60edab849187_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current assets</link:label>
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    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_ffda0fcb-961d-4c4d-b6dd-d400392623f1_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Between 3 and 4 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than three years and not later than four years [member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_8a5c50d3-7d35-4afe-a9ad-877d2f8f11b3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Assumptions for defined benefit plans</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_c9895314-cc12-4f08-948c-85c5f2658381_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and cash equivalents</link:label>
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    <link:label id="lab_ifrs-full_CurrentContractLiabilities_c273da26-6cb1-4ba7-87cc-842aeb773247_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contract liabilities</link:label>
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    <link:label id="lab_cae_DisclosureOfLettersOfCreditAndGuaranteesTableTextBlock_bfc7d55b-08da-47ae-974d-ca6b8815377e_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfLettersOfCreditAndGuaranteesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of letters of credit and guarantees</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_95db34bc-82d2-4c45-9385-130f866b3adb_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations, net of cash acquired</link:label>
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    <link:label id="lab_cae_AccountsReceivableMaximumAmountAvailabletoSell_84d93d2a-b095-4dac-8c00-61c1fd1f192c_terseLabel_en-US" xlink:label="lab_cae_AccountsReceivableMaximumAmountAvailabletoSell" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accounts receivable, maximum amount available to sell</link:label>
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    <link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_955d5076-e12b-4ffc-9b7f-24e8985ec2e0_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accumulated depreciation and impairment</link:label>
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    <link:label id="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations_90c7545d-941d-4ac0-81b8-edc3aaf9d9b5_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic &#8211; (in Canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShareFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basic earnings (loss) per share from continuing operations</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_b710e60c-efe8-46f4-81e1-f14486e8ce9e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_8b3fa227-2f83-432c-94d3-e711b2d6d26e_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments expense</link:label>
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    <link:label id="lab_cae_CumulativeUnrecognisedShareOfComprehensiveLossesofJointVentures_c1b70cb1-758c-4b2e-8c90-415d6e0d54c7_terseLabel_en-US" xlink:label="lab_cae_CumulativeUnrecognisedShareOfComprehensiveLossesofJointVentures" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cumulative unrecognised share of comprehensive losses of joint ventures</link:label>
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    <link:label id="lab_cae_FlightTrainingAllianceGmbHJVMember_c80983a4-3577-40dd-b149-51c489743b8f_terseLabel_en-US" xlink:label="lab_cae_FlightTrainingAllianceGmbHJVMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Flight Training Alliance GmbH</link:label>
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    <link:label id="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_60c59107-e76b-4fcd-98bd-3d1a4221ddb3_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Acquisition of subsidiaries</link:label>
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    <link:label id="lab_ifrs-full_OtherIntangibleAssetsMember_9f60ab3d-ba43-4bb2-aa5c-d82e9f7cdfbe_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherIntangibleAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other intangible assets</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_JointVenturesAxis_988436ad-5f93-42cc-9a1a-465d37c5f1af_terseLabel_en-US" xlink:label="lab_ifrs-full_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Joint ventures [axis]</link:label>
    <link:label id="lab_ifrs-full_JointVenturesAxis_label_en-US" xlink:label="lab_ifrs-full_JointVenturesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Joint ventures [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_JointVenturesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_JointVenturesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_JointVenturesAxis" xlink:to="lab_ifrs-full_JointVenturesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TotalRealizedAndUnrealizedLossesIncludedInOtherComprehensiveIncome_bb2121fe-dc04-4704-a138-f20b06e58125_terseLabel_en-US" xlink:label="lab_cae_TotalRealizedAndUnrealizedLossesIncludedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total realized and unrealized losses included in other comprehensive income</link:label>
    <link:label id="lab_cae_TotalRealizedAndUnrealizedLossesIncludedInOtherComprehensiveIncome_label_en-US" xlink:label="lab_cae_TotalRealizedAndUnrealizedLossesIncludedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total realized and unrealized losses included in other comprehensive income</link:label>
    <link:label id="lab_cae_TotalRealizedAndUnrealizedLossesIncludedInOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_cae_TotalRealizedAndUnrealizedLossesIncludedInOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total realized and unrealized losses included in other comprehensive income</link:label>
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    <link:label id="lab_ifrs-full_Liabilities_b26aeec0-b3a0-4013-b339-ead1e28e2149_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_98670189-e712-439c-ae65-7ac7224ee6c7_verboseLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Liabilities</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TRUSimulationTrainingCanadaIncMember_b879d35e-7548-4961-aa46-3e5329eabdb9_terseLabel_en-US" xlink:label="lab_cae_TRUSimulationTrainingCanadaIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TRU Simulation + Training Canada Inc.</link:label>
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    <link:label id="lab_cae_TRUSimulationTrainingCanadaIncMember_documentation_en-US" xlink:label="lab_cae_TRUSimulationTrainingCanadaIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">TRU Simulation + Training Canada Inc.</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_3e30c0cf-0ffa-4f46-ba02-cdb5131a5054_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share of after-tax profit of equity accounted investees</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Adjustments for undistributed profits of investments accounted for using equity method</link:label>
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    <link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_1cea667e-2fc9-46cc-ba12-1a1c0c72ff87_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions and remeasurements</link:label>
    <link:label id="lab_ifrs-full_AdditionsToRightofuseAssets_label_en-US" xlink:label="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions to right-of-use assets</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionsToRightofuseAssets" xlink:to="lab_ifrs-full_AdditionsToRightofuseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_fe229584-b1f5-4560-af10-e6e785696ae3_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Common shares</link:label>
    <link:label id="lab_ifrs-full_IssuedCapitalMember_label_en-US" xlink:label="lab_ifrs-full_IssuedCapitalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issued capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapitalMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapitalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapitalMember" xlink:to="lab_ifrs-full_IssuedCapitalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_54e701a8-e37b-4912-baa2-2039e02cec9a_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_ea0e2061-1f34-44da-92b9-cc84de52f073_negatedLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment loss recognised in profit or loss, property, plant and equipment</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_IncreaseDecreaseThroughProceedsFromLongTermDebtArisingFromFinancingActivities_252f27c9-6e60-4b7c-9813-af00e7302c2e_terseLabel_en-US" xlink:label="lab_cae_IncreaseDecreaseThroughProceedsFromLongTermDebtArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Proceeds from long-term debt</link:label>
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    <link:label id="lab_cae_IncreaseDecreaseThroughProceedsFromLongTermDebtArisingFromFinancingActivities_documentation_en-US" xlink:label="lab_cae_IncreaseDecreaseThroughProceedsFromLongTermDebtArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) Through Proceeds From Long-Term Debt Arising From Financing Activities</link:label>
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    <link:label id="lab_ifrs-full_ProductsAndServicesMember_4a4d2e32-2978-44d5-912d-933832924226_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Products and services [member]</link:label>
    <link:label id="lab_ifrs-full_ProductsAndServicesMember_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Products and services [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProductsAndServicesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesMember" xlink:to="lab_ifrs-full_ProductsAndServicesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_02c73ff7-951f-4369-b3d8-24f6e62462ce_negatedTerseLabel_en-US" xlink:label="lab_cae_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Units redeemed (in shares)</link:label>
    <link:label id="lab_cae_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_cae_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number Of Other Equity Instruments Redeemed In Share-based Payment Arrangement</link:label>
    <link:label id="lab_cae_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_documentation_en-US" xlink:label="lab_cae_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of other equity instruments redeemed in share-based payment arrangement</link:label>
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    <link:label id="lab_cae_RestrictedShareUnitPlanRSUMember_fad19814-c841-4c07-8952-02725daf751e_terseLabel_en-US" xlink:label="lab_cae_RestrictedShareUnitPlanRSUMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Share Unit Plan (RSU)</link:label>
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    <link:label id="lab_cae_RestrictedShareUnitPlanRSUMember_documentation_en-US" xlink:label="lab_cae_RestrictedShareUnitPlanRSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restricted Share Unit Plan (RSU) [Member]</link:label>
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    <link:label id="lab_ifrs-full_Level2And3OfFairValueHierarchyMember_f68e2b5f-aaec-4435-bcf4-9529a73bf73f_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Level 2 and 3 of fair value hierarchy</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2And3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_fb1f0089-fb3e-4bb1-8542-f6398064c917_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_7c56f185-dc47-4ce2-99e2-4a1c974e98c6_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment, start</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_12b917e0-5656-49d6-acef-00a97da7d988_periodEndLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment, end</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment</link:label>
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    <link:label id="lab_cae_DeferredShareUnitDSUMember_documentation_en-US" xlink:label="lab_cae_DeferredShareUnitDSUMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred Share Unit (DSU) [Member]</link:label>
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    <link:label id="lab_cae_EquityIssuedPricePerShare_726002e4-838b-4348-8734-7ce2fe50d770_terseLabel_en-US" xlink:label="lab_cae_EquityIssuedPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Issued, Price Per Share</link:label>
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    <link:label id="lab_cae_EquityIssuedPricePerShare_documentation_en-US" xlink:label="lab_cae_EquityIssuedPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Issued, Price Per Share</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory_d2494b43-12f6-491b-b49a-2fabc8284c3a_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derecognition of financial instruments</link:label>
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    <link:label id="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_1a8b8c0b-bace-43ff-8378-dc0e30104f88_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Dividend yield</link:label>
    <link:label id="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected dividend as percentage, share options granted</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsAbstract_ef91e0b6-a1ee-4b44-a355-817ab65d97f4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about business combination [abstract]</link:label>
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    <link:label id="lab_ifrs-full_ComprehensiveIncome_e2326d3d-2295-4d57-8fdc-717fb22c47bd_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total comprehensive (loss) income</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Comprehensive income</link:label>
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    <link:label id="lab_cae_CAESouthAmericaFlightTrainingdoBrasilLtda.Member_c12cae51-2ae2-407d-ab1e-606eec71bb05_terseLabel_en-US" xlink:label="lab_cae_CAESouthAmericaFlightTrainingdoBrasilLtda.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE South America Flight Training do Brasil Ltda.</link:label>
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    <link:label id="lab_cae_StockRepurchasedandRetiredDuringPeriodPerShare_1584ecaa-e8ce-4579-ab7e-f8980b4c875a_terseLabel_en-US" xlink:label="lab_cae_StockRepurchasedandRetiredDuringPeriodPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Stock repurchased and retired during period, per shares</link:label>
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    <link:label id="lab_cae_CashDividendIssuedDuringPeriodValue_766b09e8-803b-4b5b-bb35-fdea77cc7f66_negatedTerseLabel_en-US" xlink:label="lab_cae_CashDividendIssuedDuringPeriodValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash dividends</link:label>
    <link:label id="lab_cae_CashDividendIssuedDuringPeriodValue_label_en-US" xlink:label="lab_cae_CashDividendIssuedDuringPeriodValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Dividend Issued During Period, Value</link:label>
    <link:label id="lab_cae_CashDividendIssuedDuringPeriodValue_documentation_en-US" xlink:label="lab_cae_CashDividendIssuedDuringPeriodValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash Dividend Issued During Period, Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CashDividendIssuedDuringPeriodValue" xlink:href="cae-20210331.xsd#cae_CashDividendIssuedDuringPeriodValue"/>
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    <link:label id="lab_cae_NationalFlyingTrainingInstitutePrivateLimitedMember_ef7d2d63-c1b1-4b8c-b5b9-3325e9c2d79d_terseLabel_en-US" xlink:label="lab_cae_NationalFlyingTrainingInstitutePrivateLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">National Flying Training Institute Private Limited</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable_07b822fd-d45c-41af-8d5d-cb58d7eb2979_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [table]</link:label>
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    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_b57674f6-b57d-4a81-af0c-6781945de7d4_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest cost/Interest income</link:label>
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    <link:label id="lab_ifrs-full_SharebasedPaymentArrangementsMember_0002952e-7654-4f7f-b579-2109fce39ac1_terseLabel_en-US" xlink:label="lab_ifrs-full_SharebasedPaymentArrangementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment arrangements [member]</link:label>
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    <link:label id="lab_ifrs-full_OtherFinanceCost_67014742-cc2c-45e0-ba68-7615ab5300ec_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherFinanceCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_ifrs-full_ProvisionUsedOtherProvisions_dfc0227e-a4b0-4fdd-8d63-fbbd27e68c5c_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ProvisionUsedOtherProvisions" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amount used</link:label>
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    <link:label id="lab_cae_EmployeeStockOptionPlanMember_2d26413c-a7cb-49db-ae68-14c98bf9c0f8_terseLabel_en-US" xlink:label="lab_cae_EmployeeStockOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Employee Stock Option Plan</link:label>
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    <link:label id="lab_cae_CAECFTKoreaLtd.Member_dc1dabc3-a350-4ec3-80ad-68ff06063536_terseLabel_en-US" xlink:label="lab_cae_CAECFTKoreaLtd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Colombia Flight Training S.A.S.</link:label>
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    <link:label id="lab_ifrs-full_NoncurrentFinanceLeaseReceivables_0545a077-b13a-4be2-9dc8-55f45420ee3e_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentFinanceLeaseReceivables" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current portion (Note 18)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_d7e75b89-f483-489b-a2e5-1cbc876bacd6_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of liabilities</link:label>
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    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_bc1395a9-45e1-4de5-8c4d-875e9c5c79d3_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory_a2175fdf-e1cd-4997-8d30-126510314a62_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfLiabilitiesArisingFromFinancingActivitiesExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of liabilities arising from financing activities [text block]</link:label>
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    <link:label id="lab_ifrs-full_CurrentAssets_1660c7a7-5f9c-4cad-95db-bb741ef5a81e_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total current assets</link:label>
    <link:label id="lab_ifrs-full_CurrentAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="lab_ifrs-full_CurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfCurrentBorrowings_8fd231e8-0e87-4145-86d5-005af66cb3ca_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments of current borrowings</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfCurrentBorrowings_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfCurrentBorrowings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayments of current borrowings</link:label>
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    <link:label id="lab_cae_DisclosureOfRestructuringIntegrationAndAcquisitionCostsExplanatoryTableTextBlock_5f6730f1-f248-45df-aa68-0cc62425b031_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfRestructuringIntegrationAndAcquisitionCostsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Analysis of Restructuring, Integration, and Acquisition Costs [Table Text Block]</link:label>
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    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_ab60d426-3d16-4fce-8503-eb6c6d24bea6_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income taxes payable</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxLiabilitiesCurrent_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current tax liabilities, current</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfTreasuryShares_e44e3f2c-1191-4747-9c18-f2f98b1b5d91_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase and cancellation of common shares</link:label>
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    <link:label id="lab_ifrs-full_MethodsOfGenerationAxis_8854f0a2-aac8-4b84-aa98-47eba980a183_terseLabel_en-US" xlink:label="lab_ifrs-full_MethodsOfGenerationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Methods of generation [axis]</link:label>
    <link:label id="lab_ifrs-full_MethodsOfGenerationAxis_label_en-US" xlink:label="lab_ifrs-full_MethodsOfGenerationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Methods of generation [axis]</link:label>
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    <link:label id="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_dbd9a6d2-02c2-41cd-b3c1-d89a3f46cece_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of share-based payment arrangements [axis]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="lab_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_0ea954f9-ea0e-4040-a53f-cd90c524d7e4_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
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    <link:label id="lab_cae_CAEServicesItaliaS.r.l.Member_4940c44a-ebc2-4258-88d3-34f04f9bcb94_terseLabel_en-US" xlink:label="lab_cae_CAEServicesItaliaS.r.l.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Services Italia S.r.l.</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfGovernmentGrantsExplanatory_752a4582-1a12-4243-8e8c-8643e7ed9012_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfGovernmentGrantsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">GOVERNMENT PARTICIPATION</link:label>
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    <link:label id="lab_dei_DocumentPeriodEndDate_1d7c4d91-5385-4964-aa86-8602fcb82696_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
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    <link:label id="lab_cae_CDNUSDMember_42e7a63f-2832-48ca-92e8-189147859b2f_terseLabel_en-US" xlink:label="lab_cae_CDNUSDMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CDN/USD</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_2fbe7f9f-05a9-4e67-861c-9e8c0f99e464_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">OPERATING SEGMENTS AND GEOGRAPHIC INFORMATION</link:label>
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    <link:label id="lab_cae_WeightedAverageDurationOfDefinedBenefitObligationPeriod_5d1a61e2-9bbb-4103-b981-faea6ca0488f_terseLabel_en-US" xlink:label="lab_cae_WeightedAverageDurationOfDefinedBenefitObligationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Weighted average duration of defined benefit obligation, period</link:label>
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    <link:label id="lab_ifrs-full_CashAndCashEquivalents_d540dbcc-f998-4c5e-be43-692e59e0c3d3_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_b66bd374-fc72-488c-89ca-0c4b5fad5142_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cash and cash equivalents, beginning of year</link:label>
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    <link:label id="lab_cae_ScheduleOfInventoryExplanatoryTableTextBlock_ef89d58d-181d-421d-a613-b19aaeabaa2a_terseLabel_en-US" xlink:label="lab_cae_ScheduleOfInventoryExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of inventory</link:label>
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    <link:label id="lab_ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived_5359f15e-dd95-4cdf-8d33-b36e00a57d73_terseLabel_en-US" xlink:label="lab_ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total undiscounted lease payments receivable</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_44daad90-3a0b-4cb2-ab15-34ba47e171f1_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investing activities</link:label>
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    <link:label id="lab_cae_AntidilutiveSecuritiesExcludedfromComputationofEarningsPerShareShares_e33a998a-c6da-4a61-b16c-a00a0f5c7876_terseLabel_en-US" xlink:label="lab_cae_AntidilutiveSecuritiesExcludedfromComputationofEarningsPerShareShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Antidilutive securities excluded from computation of earnings per share, shares</link:label>
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    <link:label id="lab_ifrs-full_TypesOfHedgesAxis_5a1b4af4-c626-4a39-a39d-b493d2a4612a_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfHedgesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Types of hedges [axis]</link:label>
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    <link:label id="lab_cae_IncreaseDecreaseThroughRepaymentsOfLeaseLiabilitiesArisingFromFinancingActivities_2467a7f5-b881-4b49-b705-05d885fb03aa_terseLabel_en-US" xlink:label="lab_cae_IncreaseDecreaseThroughRepaymentsOfLeaseLiabilitiesArisingFromFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repayment of lease liabilities</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEMiddleEastL.L.C.Member" xlink:href="cae-20210331.xsd#cae_CAEMiddleEastL.L.C.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAEMiddleEastL.L.C.Member" xlink:to="lab_cae_CAEMiddleEastL.L.C.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_MaleMember_10d4606b-41ac-4775-8ca3-fda37edf6791_terseLabel_en-US" xlink:label="lab_cae_MaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Male</link:label>
    <link:label id="lab_cae_MaleMember_label_en-US" xlink:label="lab_cae_MaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Male [Member]</link:label>
    <link:label id="lab_cae_MaleMember_documentation_en-US" xlink:label="lab_cae_MaleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Male [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_MaleMember" xlink:href="cae-20210331.xsd#cae_MaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_MaleMember" xlink:to="lab_cae_MaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_2858adf4-b8c1-4352-8026-d59a3618581f_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">31-60 days</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than one month and not later than two months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:to="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CorporateDebtMember_8041576a-4d77-43b0-9640-86bb5a89e11a_terseLabel_en-US" xlink:label="lab_cae_CorporateDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate</link:label>
    <link:label id="lab_cae_CorporateDebtMember_label_en-US" xlink:label="lab_cae_CorporateDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate Debt [Member]</link:label>
    <link:label id="lab_cae_CorporateDebtMember_documentation_en-US" xlink:label="lab_cae_CorporateDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Corporate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CorporateDebtMember" xlink:href="cae-20210331.xsd#cae_CorporateDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CorporateDebtMember" xlink:to="lab_cae_CorporateDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_b2a6bb5a-5406-4d31-a3a0-65d542f92963_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:to="lab_ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_8be9cb1c-d045-4d23-9afa-990dc76ea130_totalLabel_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total purchase consideration</link:label>
    <link:label id="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_label_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Consideration transferred, acquisition-date fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeAxis_d2d30dc5-dfd4-4fbe-ab04-912ee33134b2_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Range [axis]</link:label>
    <link:label id="lab_ifrs-full_RangeAxis_label_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_2ad7027e-66d1-41d7-bd3f-4cdc59b62a19_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Between 4 and 5 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WagesAndSalaries_10372f7a-c396-4c59-8728-74d12067dc7b_terseLabel_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Salaries and other short-term employee benefits</link:label>
    <link:label id="lab_ifrs-full_WagesAndSalaries_label_en-US" xlink:label="lab_ifrs-full_WagesAndSalaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Wages and salaries</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WagesAndSalaries" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WagesAndSalaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WagesAndSalaries" xlink:to="lab_ifrs-full_WagesAndSalaries" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties_3d646faf-acf0-4d92-bf04-8f6748b83f55_terseLabel_en-US" xlink:label="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net book value of property, plant and equipment leased under operating lease to third parties</link:label>
    <link:label id="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties_label_en-US" xlink:label="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, Plant And Equipment, Leased Under Operating Lease To Third Parties</link:label>
    <link:label id="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties_documentation_en-US" xlink:label="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, Plant And Equipment, Leased Under Operating Lease To Third Parties</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties" xlink:href="cae-20210331.xsd#cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties" xlink:to="lab_cae_PropertyPlantAndEquipmentLeasedUnderOperatingLeaseToThirdParties" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotInternallyGeneratedMember_7c053094-d0f5-4552-989b-2fbf7c5dd576_terseLabel_en-US" xlink:label="lab_ifrs-full_NotInternallyGeneratedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Not internally generated</link:label>
    <link:label id="lab_ifrs-full_NotInternallyGeneratedMember_label_en-US" xlink:label="lab_ifrs-full_NotInternallyGeneratedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Not internally generated [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotInternallyGeneratedMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotInternallyGeneratedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotInternallyGeneratedMember" xlink:to="lab_ifrs-full_NotInternallyGeneratedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract_label_en-US" xlink:label="lab_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of The Impact Of The COVID-19 Pandemic [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract_documentation_en-US" xlink:label="lab_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure Of The Impact Of The COVID-19 Pandemic [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract" xlink:href="cae-20210331.xsd#cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract" xlink:to="lab_cae_DisclosureOfTheImpactOfTheCOVID19PandemicAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAECivilAviationTrainingSolutionsInc.Member_cb7b6bb5-81ef-4027-a373-cc7f50406aa3_terseLabel_en-US" xlink:label="lab_cae_CAECivilAviationTrainingSolutionsInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Civil Aviation Training Solutions, Inc.</link:label>
    <link:label id="lab_cae_CAECivilAviationTrainingSolutionsInc.Member_label_en-US" xlink:label="lab_cae_CAECivilAviationTrainingSolutionsInc.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Civil Aviation Training Solutions, Inc. [Member]</link:label>
    <link:label id="lab_cae_CAECivilAviationTrainingSolutionsInc.Member_documentation_en-US" xlink:label="lab_cae_CAECivilAviationTrainingSolutionsInc.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Civil Aviation Training Solutions, Inc. [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAECivilAviationTrainingSolutionsInc.Member" xlink:href="cae-20210331.xsd#cae_CAECivilAviationTrainingSolutionsInc.Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAECivilAviationTrainingSolutionsInc.Member" xlink:to="lab_cae_CAECivilAviationTrainingSolutionsInc.Member" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember_bbfe7dd8-8ec9-4065-9d3e-cebde8bea4af_terseLabel_en-US" xlink:label="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Canadian dollar, variable rate</link:label>
    <link:label id="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember_label_en-US" xlink:label="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revolving Credit Facilities, Canadian Dollar, Variable Rate [Member]</link:label>
    <link:label id="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember_documentation_en-US" xlink:label="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Revolving Credit Facilities, Canadian Dollar, Variable Rate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember" xlink:href="cae-20210331.xsd#cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember" xlink:to="lab_cae_RevolvingCreditFacilitiesCanadianDollarVariableRateMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate_438cb945-8ec4-4da6-b704-12892805f579_verboseLabel_en-US" xlink:label="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase In royalty obligations, impact of 1% change in growth rate</link:label>
    <link:label id="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate_label_en-US" xlink:label="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) In Royalty Obligation, Impact Of One Percent Change In Growth Rate</link:label>
    <link:label id="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate_documentation_en-US" xlink:label="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (Decrease) In Royalty Obligation, Impact Of One Percent Change In Growth Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate" xlink:href="cae-20210331.xsd#cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate" xlink:to="lab_cae_IncreaseDecreaseInRoyaltyObligationImpactOfOnePercentChangeInGrowthRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContingentConsiderationMember_90688baa-d7c0-4e10-8743-3660dad7d96f_terseLabel_en-US" xlink:label="lab_ifrs-full_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent consideration [member]</link:label>
    <link:label id="lab_ifrs-full_ContingentConsiderationMember_label_en-US" xlink:label="lab_ifrs-full_ContingentConsiderationMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Contingent consideration [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContingentConsiderationMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ContingentConsiderationMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentConsiderationMember" xlink:to="lab_ifrs-full_ContingentConsiderationMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_cae_CAEMaritimeMiddleEastLLCMember_0a21eff2-0ab7-4c74-958b-6f79c37f81e8_terseLabel_en-US" xlink:label="lab_cae_CAEMaritimeMiddleEastLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Maritime Middle East L.L.C.</link:label>
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    <link:label id="lab_cae_CurrentPortionOfCarryingAmountOfShareBasedPaymentLiabilities_21354f8a-32ec-4b25-9754-f48fedd819fb_terseLabel_en-US" xlink:label="lab_cae_CurrentPortionOfCarryingAmountOfShareBasedPaymentLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current portion of carrying amount of share-based payment liabilities</link:label>
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    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_85030bdb-f0ae-44fb-a01c-00d5275b2237_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Depreciation</link:label>
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    <link:label id="lab_cae_DebtandFinancingObligationsAbstract_9ac29c30-f467-438d-a92c-492463fed6ec_terseLabel_en-US" xlink:label="lab_cae_DebtandFinancingObligationsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Debt and Financing Obligations [Abstract]</link:label>
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    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_43647d64-077b-40bf-91df-5e2fa3089ccc_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_4ba4a4e7-b948-467b-9d84-46544b83a67b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">INCOME TAXES</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_dfaa55f1-c12c-418a-a6ac-fecbd0070604_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency exchange differences</link:label>
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    <link:label id="lab_cae_SIMCOMHoldingsIncMember_54954d4b-db40-4108-a42a-89d3e648f323_terseLabel_en-US" xlink:label="lab_cae_SIMCOMHoldingsIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">SIMCOM Holdings, Inc.</link:label>
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    <link:label id="lab_cae_CAECenterBrusselsN.V.Member_2de6c91b-cabf-486b-b8f1-2352a826ba01_terseLabel_en-US" xlink:label="lab_cae_CAECenterBrusselsN.V.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Center Brussels N.V.</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_f96d817f-e8fd-4c5e-a0c9-90cbacd9a8f1_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets at fair value through profit or loss, category</link:label>
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    <link:label id="lab_cae_LifeExpectancyRangeAxis_88caf04e-7b5f-46c4-ace5-6878b09b643c_terseLabel_en-US" xlink:label="lab_cae_LifeExpectancyRangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Life expectancy range [axis]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems_f0774584-ef7d-473a-8e50-0a9388988ad3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill [line items]</link:label>
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    <link:label id="lab_cae_IndefiniteTaxYearMember_256e9b75-3be8-4a76-be13-ecaf1d4d5c7e_terseLabel_en-US" xlink:label="lab_cae_IndefiniteTaxYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">No expiry date</link:label>
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    <link:label id="lab_cae_PaymentstoAcquireProductiveAssets_3e55cb07-4c3f-48ec-a25e-127354902f9a_terseLabel_en-US" xlink:label="lab_cae_PaymentstoAcquireProductiveAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total capital expenditures</link:label>
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    <link:label id="lab_cae_InvestmentTaxCreditsRelatedTemporaryDifferencesMember_f3173eb2-9653-4120-ab09-1f66d8d2edb5_terseLabel_en-US" xlink:label="lab_cae_InvestmentTaxCreditsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment tax credits</link:label>
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    <link:label id="lab_ifrs-full_ExpectedCreditLossRate_8013af4f-60ae-490a-aeb5-1d8ef5b08c50_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected credit loss rate</link:label>
    <link:label id="lab_ifrs-full_ExpectedCreditLossRate_label_en-US" xlink:label="lab_ifrs-full_ExpectedCreditLossRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expected credit loss rate</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedCreditLossRate" xlink:to="lab_ifrs-full_ExpectedCreditLossRate" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts_8f9b0d15-8d9e-4737-ab84-61d60b17af77_terseLabel_en-US" xlink:label="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income, Government contributions relating to Covid-19</link:label>
    <link:label id="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts_label_en-US" xlink:label="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Government Contributions Relating To COVID-19, Income Impacts</link:label>
    <link:label id="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts_documentation_en-US" xlink:label="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Government Contributions Relating To COVID-19, Income Impacts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts" xlink:href="cae-20210331.xsd#cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts" xlink:to="lab_cae_GovernmentContributionsRelatingToCOVID19IncomeImpacts" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_PricePerSubscriptionReceipt_49274a1c-7b46-4ba1-a8e0-f33534e33125_terseLabel_en-US" xlink:label="lab_cae_PricePerSubscriptionReceipt" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Price per subscription receipt</link:label>
    <link:label id="lab_cae_PricePerSubscriptionReceipt_label_en-US" xlink:label="lab_cae_PricePerSubscriptionReceipt" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Price Per Subscription Receipt</link:label>
    <link:label id="lab_cae_PricePerSubscriptionReceipt_documentation_en-US" xlink:label="lab_cae_PricePerSubscriptionReceipt" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Price Per Subscription Receipt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_PricePerSubscriptionReceipt" xlink:href="cae-20210331.xsd#cae_PricePerSubscriptionReceipt"/>
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    <link:label id="lab_cae_PaymentsForRepurchaseOfCommonStock_b34b0789-dc11-4dd4-a34e-242cef17b411_negatedTerseLabel_en-US" xlink:label="lab_cae_PaymentsForRepurchaseOfCommonStock" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Repurchase and cancellation of common shares</link:label>
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    <link:label id="lab_cae_PaymentsForRepurchaseOfCommonStock_documentation_en-US" xlink:label="lab_cae_PaymentsForRepurchaseOfCommonStock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Payments For Repurchase Of Common Stock</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_PaymentsForRepurchaseOfCommonStock" xlink:href="cae-20210331.xsd#cae_PaymentsForRepurchaseOfCommonStock"/>
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    <link:label id="lab_cae_UnsecuredSeniorNotesMember_d4afb606-c2e4-474a-9d24-9be3a056601a_terseLabel_en-US" xlink:label="lab_cae_UnsecuredSeniorNotesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unsecured Senior Notes</link:label>
    <link:label id="lab_cae_UnsecuredSeniorNotesMember_label_en-US" xlink:label="lab_cae_UnsecuredSeniorNotesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unsecured Senior Notes [Member]</link:label>
    <link:label id="lab_cae_UnsecuredSeniorNotesMember_documentation_en-US" xlink:label="lab_cae_UnsecuredSeniorNotesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Unsecured Senior Notes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_UnsecuredSeniorNotesMember" xlink:href="cae-20210331.xsd#cae_UnsecuredSeniorNotesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_UnsecuredSeniorNotesMember" xlink:to="lab_cae_UnsecuredSeniorNotesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialAssets_800349d6-3b59-496d-badd-00a981df663d_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative financial assets</link:label>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current derivative financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialAssets" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentDerivativeFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentDerivativeFinancialAssets" xlink:to="lab_ifrs-full_CurrentDerivativeFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap_1592ce66-2d5f-4a92-b140-257e136feb9a_verboseLabel_en-US" xlink:label="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payments expense, net of equity swap (Note 26)</link:label>
    <link:label id="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap_label_en-US" xlink:label="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expense From Share-based Payment Transactions With Employees, Net Of Equity Swap</link:label>
    <link:label id="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap_documentation_en-US" xlink:label="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Expense From Share-based Payment Transactions With Employees, Net Of Equity Swap</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap" xlink:href="cae-20210331.xsd#cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap" xlink:to="lab_cae_ExpenseFromSharebasedPaymentTransactionsWithEmployeesNetOfEquitySwap" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_2a3adafc-effb-42fb-9538-8dedbc4444ea_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity attributable to owners of parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ae2c8c9e-9a92-4f9e-b103-f084c48055c2_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Items that will never be reclassified to net (loss) income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OptionalCashPurchaseShares_32e31a50-2be9-479c-8615-ada0309df819_terseLabel_en-US" xlink:label="lab_cae_OptionalCashPurchaseShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Optional cash purchase of common shares (in shares)</link:label>
    <link:label id="lab_cae_OptionalCashPurchaseShares_label_en-US" xlink:label="lab_cae_OptionalCashPurchaseShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Optional Cash Purchase, Shares</link:label>
    <link:label id="lab_cae_OptionalCashPurchaseShares_documentation_en-US" xlink:label="lab_cae_OptionalCashPurchaseShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Optional Cash Purchase, Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OptionalCashPurchaseShares" xlink:href="cae-20210331.xsd#cae_OptionalCashPurchaseShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OptionalCashPurchaseShares" xlink:to="lab_cae_OptionalCashPurchaseShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory_8aaa8eed-b609-4d10-a36f-41e04fe24f3c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Analysis of other comprehensive income</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:to="lab_ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_aa1cef41-28ed-47f8-b50a-8fc73feb4bd5_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds_84560f46-66ae-4f9f-9bfb-5c414a7fa72f_terseLabel_en-US" xlink:label="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest earned on escrowed proceeds</link:label>
    <link:label id="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds_label_en-US" xlink:label="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subscription Receipts, Interest Earned On Escrowed Proceeds</link:label>
    <link:label id="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds_documentation_en-US" xlink:label="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subscription Receipts, Interest Earned On Escrowed Proceeds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds" xlink:href="cae-20210331.xsd#cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds" xlink:to="lab_cae_SubscriptionReceiptsInterestEarnedOnEscrowedProceeds" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_990369b9-8849-4024-a0d8-dce9fe2e430f_totalLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensation_label_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation" xlink:to="lab_ifrs-full_KeyManagementPersonnelCompensation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BuildingsMember_eb2bec4e-7411-4291-8210-c5b0f5c315af_terseLabel_en-US" xlink:label="lab_ifrs-full_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Buildings and improvements</link:label>
    <link:label id="lab_ifrs-full_BuildingsMember_label_en-US" xlink:label="lab_ifrs-full_BuildingsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Buildings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BuildingsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BuildingsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BuildingsMember" xlink:to="lab_ifrs-full_BuildingsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAbstract_02c6a970-8a0a-48d4-94b3-c0a1b847be78_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_fcf84e78-5d17-40e0-bfd2-9374214f2710_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercisable (in shares)</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_4ca12819-02e5-46b9-961a-c58f4c273228_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of net defined benefit liability (asset)</link:label>
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    <link:label id="lab_cae_ShareBasedPaymentArrangementPerformanceCriteriaFactorPercentage_492ea39e-4092-4d34-b5aa-653fda33e90d_terseLabel_en-US" xlink:label="lab_cae_ShareBasedPaymentArrangementPerformanceCriteriaFactorPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment arrangement</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_ShareBasedPaymentArrangementPerformanceCriteriaFactorPercentage" xlink:href="cae-20210331.xsd#cae_ShareBasedPaymentArrangementPerformanceCriteriaFactorPercentage"/>
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    <link:label id="lab_ifrs-full_RevenueFromGovernmentGrants_a3d87c5c-78f8-49db-834c-889f4a5e647e_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credited to income</link:label>
    <link:label id="lab_ifrs-full_RevenueFromGovernmentGrants_label_en-US" xlink:label="lab_ifrs-full_RevenueFromGovernmentGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income from government grants</link:label>
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    <link:label id="lab_cae_SupplementalCashFlowInformationTableTextBlock_02213b58-1b9d-4c3f-8bb4-1e54a622ab45_terseLabel_en-US" xlink:label="lab_cae_SupplementalCashFlowInformationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Cash Flow Information</link:label>
    <link:label id="lab_cae_SupplementalCashFlowInformationTableTextBlock_label_en-US" xlink:label="lab_cae_SupplementalCashFlowInformationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Cash Flow Information [Table Text Block]</link:label>
    <link:label id="lab_cae_SupplementalCashFlowInformationTableTextBlock_documentation_en-US" xlink:label="lab_cae_SupplementalCashFlowInformationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Supplemental Cash Flow Information [Table Text Block]</link:label>
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    <link:label id="lab_cae_ScheduleofEffectiveIncomeTaxRateReconciliationTableTextBlock_1548ee6f-0efb-4cb6-8f03-ee8054b7ac5c_terseLabel_en-US" xlink:label="lab_cae_ScheduleofEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Effective Income Tax Rate Reconciliation</link:label>
    <link:label id="lab_cae_ScheduleofEffectiveIncomeTaxRateReconciliationTableTextBlock_label_en-US" xlink:label="lab_cae_ScheduleofEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]</link:label>
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    <link:label id="lab_dei_DocumentAnnualReport_c90b3d4f-ebe7-440e-8eba-6d6f85064b96_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Annual Report</link:label>
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    <link:label id="lab_cae_StockRepurchaseProgramNumberofSharesAuthorizedtobeRepurchased1_2e8e2455-8d12-4aee-87f3-005fb2ed0470_terseLabel_en-US" xlink:label="lab_cae_StockRepurchaseProgramNumberofSharesAuthorizedtobeRepurchased1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares authorized to be repurchased renewal, shares</link:label>
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    <link:label id="lab_ifrs-full_CurrentTaxAssetsCurrent_12f54dff-a275-4e17-b104-eed4c7f907e2_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssetsCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Income taxes recoverable</link:label>
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    <link:label id="lab_ifrs-full_TypesOfRisksMember_bda3608b-2a97-4934-9c27-030b6ceac329_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risks [member]</link:label>
    <link:label id="lab_ifrs-full_TypesOfRisksMember_label_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Risks [member]</link:label>
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    <link:label id="lab_cae_EmiratesCAEFlightTrainingLLCMember_59a59a3a-4e64-49f7-8ad1-50c60883b3c2_terseLabel_en-US" xlink:label="lab_cae_EmiratesCAEFlightTrainingLLCMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Emirates-CAE Flight Training LLC</link:label>
    <link:label id="lab_cae_EmiratesCAEFlightTrainingLLCMember_label_en-US" xlink:label="lab_cae_EmiratesCAEFlightTrainingLLCMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Emirates-CAE Flight Training LLC [Member]</link:label>
    <link:label id="lab_cae_EmiratesCAEFlightTrainingLLCMember_documentation_en-US" xlink:label="lab_cae_EmiratesCAEFlightTrainingLLCMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Emirates-CAE Flight Training LLC [Member]</link:label>
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    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember_b3ded149-4f7c-4bb6-a35c-83856756db88_terseLabel_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net defined benefit liability (asset) [member]</link:label>
    <link:label id="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember_label_en-US" xlink:label="lab_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net defined benefit liability (asset) [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetMember"/>
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    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_7c3e816e-ca5c-40c4-8220-553d587b4125_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current liabilities recognised as of acquisition date</link:label>
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    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCostsAbstract_label_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, Integration and Acquisition costs [Abstract]</link:label>
    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCostsAbstract_documentation_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCostsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Restructuring, Integration and Acquisition costs [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_RestructuringIntegrationAndAcquisitionCostsAbstract" xlink:href="cae-20210331.xsd#cae_RestructuringIntegrationAndAcquisitionCostsAbstract"/>
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    <link:label id="lab_ifrs-full_FinancialLiabilities_c475bb14-bce0-4d0e-b672-8a10bb7e30e5_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilities" xlink:to="lab_ifrs-full_FinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAECrewingServicesLimitedMember_2306bfee-e830-46f1-ac30-779320535b8b_terseLabel_en-US" xlink:label="lab_cae_CAECrewingServicesLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Crewing Services Limited</link:label>
    <link:label id="lab_cae_CAECrewingServicesLimitedMember_label_en-US" xlink:label="lab_cae_CAECrewingServicesLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Crewing Services Limited [Member]</link:label>
    <link:label id="lab_cae_CAECrewingServicesLimitedMember_documentation_en-US" xlink:label="lab_cae_CAECrewingServicesLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Crewing Services Limited [Member]</link:label>
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    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_2c03ffcb-0190-43dc-8500-e0ec73379d1d_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Categories of financial assets [axis]</link:label>
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    <link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialAssets_01edd9fe-0d80-4ce0-a593-60e433042111_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative financial assets</link:label>
    <link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current derivative financial assets</link:label>
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    <link:label id="lab_cae_ExercisePriceRangeThreeMember_b08be138-d1af-427d-aea2-f2b7d42c55df_terseLabel_en-US" xlink:label="lab_cae_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">$22.31 to $34.98</link:label>
    <link:label id="lab_cae_ExercisePriceRangeThreeMember_label_en-US" xlink:label="lab_cae_ExercisePriceRangeThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
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    <link:label id="lab_cae_CurrentPortionOfRoyaltyObligations_1b031f00-fc19-451b-95fa-965eea67756a_terseLabel_en-US" xlink:label="lab_cae_CurrentPortionOfRoyaltyObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current portion of royalty obligations</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfInventoriesExplanatory_b1070875-398a-4142-a654-4a4ef7593740_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInventoriesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">INVENTORIES</link:label>
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    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_a7e450ad-f4dd-452f-baa0-38713c7d725f_periodStartLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Options outstanding, beginning of year (in shares)</link:label>
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    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_4a1a3241-b9d0-4e04-9df2-4317c62db6be_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of share options outstanding</link:label>
    <link:label id="lab_ifrs-full_NumberOfOutstandingShareOptions_label_en-US" xlink:label="lab_ifrs-full_NumberOfOutstandingShareOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_f902f241-b60a-4447-9aec-5a18cd635bb8_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financing activities</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_57fe8504-c5ea-4453-b6f4-bda861b9bc0e_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">ACCOUNTS PAYABLE AND ACCRUED LIABILITIES</link:label>
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    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_586fa38c-a852-41e0-a5db-7ea0d305acd9_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_cae_RelatedPartyAbstract_24433c81-a9dd-4e8b-a645-6e5e911ba395_terseLabel_en-US" xlink:label="lab_cae_RelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party [Abstract]</link:label>
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    <link:label id="lab_cae_RelatedPartyAbstract_documentation_en-US" xlink:label="lab_cae_RelatedPartyAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Related Party [Abstract]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_RelatedPartyAbstract" xlink:to="lab_cae_RelatedPartyAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember_f9666a0d-eb20-490a-b5e4-4af8f540711e_terseLabel_en-US" xlink:label="lab_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Funded</link:label>
    <link:label id="lab_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember_label_en-US" xlink:label="lab_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Wholly or partly funded defined benefit plans [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:to="lab_ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TaxPeriod1Axis_65d5b899-9d74-43f9-b517-d515568f0b05_terseLabel_en-US" xlink:label="lab_cae_TaxPeriod1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax Period [Axis]</link:label>
    <link:label id="lab_cae_TaxPeriod1Axis_label_en-US" xlink:label="lab_cae_TaxPeriod1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax Period1 [Axis]</link:label>
    <link:label id="lab_cae_TaxPeriod1Axis_documentation_en-US" xlink:label="lab_cae_TaxPeriod1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Tax Period [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TaxPeriod1Axis" xlink:href="cae-20210331.xsd#cae_TaxPeriod1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TaxPeriod1Axis" xlink:to="lab_cae_TaxPeriod1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OptionalCashPurchaseValue_6f20dea4-ac7c-4421-81d2-288730db1cf3_terseLabel_en-US" xlink:label="lab_cae_OptionalCashPurchaseValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Optional cash purchase of common shares</link:label>
    <link:label id="lab_cae_OptionalCashPurchaseValue_label_en-US" xlink:label="lab_cae_OptionalCashPurchaseValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Optional Cash Purchase, Value</link:label>
    <link:label id="lab_cae_OptionalCashPurchaseValue_documentation_en-US" xlink:label="lab_cae_OptionalCashPurchaseValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Optional Cash Purchase, Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OptionalCashPurchaseValue" xlink:href="cae-20210331.xsd#cae_OptionalCashPurchaseValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OptionalCashPurchaseValue" xlink:to="lab_cae_OptionalCashPurchaseValue" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DisclosureofleasesAbstract_e31ac258-c4e0-4f75-8912-3bca47686b7d_terseLabel_en-US" xlink:label="lab_cae_DisclosureofleasesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of leases [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureofleasesAbstract_label_en-US" xlink:label="lab_cae_DisclosureofleasesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of leases [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureofleasesAbstract_documentation_en-US" xlink:label="lab_cae_DisclosureofleasesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of leases [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DisclosureofleasesAbstract" xlink:href="cae-20210331.xsd#cae_DisclosureofleasesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DisclosureofleasesAbstract" xlink:to="lab_cae_DisclosureofleasesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits_c0e9dd20-3eb0-4eda-8258-3331bed0f02e_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Termination benefits</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for termination benefits [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForTerminationBenefits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_d67b6d93-cea6-4708-b450-6caf215b99cc_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfRelatedPartiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="lab_ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsMember_ed6f6d21-bb5d-4e18-9a43-6c125cfe0700_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [member]</link:label>
    <link:label id="lab_ifrs-full_SegmentsMember_label_en-US" xlink:label="lab_ifrs-full_SegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Segments [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsMember" xlink:to="lab_ifrs-full_SegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_FairValueMeasurementAbstract_327f3009-5d6a-4650-81ed-e13cd49ac4ad_terseLabel_en-US" xlink:label="lab_cae_FairValueMeasurementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement [Abstract]</link:label>
    <link:label id="lab_cae_FairValueMeasurementAbstract_label_en-US" xlink:label="lab_cae_FairValueMeasurementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement [Abstract]</link:label>
    <link:label id="lab_cae_FairValueMeasurementAbstract_documentation_en-US" xlink:label="lab_cae_FairValueMeasurementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Fair Value Measurement [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_FairValueMeasurementAbstract" xlink:href="cae-20210331.xsd#cae_FairValueMeasurementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_FairValueMeasurementAbstract" xlink:to="lab_cae_FairValueMeasurementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAEAviationTrainingChileLimitadaMember_7ed97050-a24b-430b-8c22-b85f1d8b993f_terseLabel_en-US" xlink:label="lab_cae_CAEAviationTrainingChileLimitadaMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Entrenamiento de Vuelo Chile Limitada</link:label>
    <link:label id="lab_cae_CAEAviationTrainingChileLimitadaMember_label_en-US" xlink:label="lab_cae_CAEAviationTrainingChileLimitadaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Aviation Training Chile Limitada [Member]</link:label>
    <link:label id="lab_cae_CAEAviationTrainingChileLimitadaMember_documentation_en-US" xlink:label="lab_cae_CAEAviationTrainingChileLimitadaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Aviation Training Chile Limitada [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEAviationTrainingChileLimitadaMember" xlink:href="cae-20210331.xsd#cae_CAEAviationTrainingChileLimitadaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAEAviationTrainingChileLimitadaMember" xlink:to="lab_cae_CAEAviationTrainingChileLimitadaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_LongtermDebtGross_35c793d6-f1b5-4d1e-8540-86eb9f637e65_terseLabel_en-US" xlink:label="lab_cae_LongtermDebtGross" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_cae_LongtermDebtGross_label_en-US" xlink:label="lab_cae_LongtermDebtGross" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Gross</link:label>
    <link:label id="lab_cae_LongtermDebtGross_documentation_en-US" xlink:label="lab_cae_LongtermDebtGross" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Long-term Debt, Gross</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_LongtermDebtGross" xlink:href="cae-20210331.xsd#cae_LongtermDebtGross"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_LongtermDebtGross" xlink:to="lab_cae_LongtermDebtGross" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_GovernmentParticipationContributions_f8560c25-42c0-4899-904a-8a3ccb32381e_totalLabel_en-US" xlink:label="lab_cae_GovernmentParticipationContributions" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total contributions</link:label>
    <link:label id="lab_cae_GovernmentParticipationContributions_label_en-US" xlink:label="lab_cae_GovernmentParticipationContributions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Government Participation, Contributions</link:label>
    <link:label id="lab_cae_GovernmentParticipationContributions_documentation_en-US" xlink:label="lab_cae_GovernmentParticipationContributions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Government Participation, Contributions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_GovernmentParticipationContributions" xlink:href="cae-20210331.xsd#cae_GovernmentParticipationContributions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_GovernmentParticipationContributions" xlink:to="lab_cae_GovernmentParticipationContributions" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives_9c7d47e4-d2f9-4c1a-a030-bb4c7cc64aae_terseLabel_en-US" xlink:label="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of days prior to incentive compensation, payable to executives</link:label>
    <link:label id="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives_label_en-US" xlink:label="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Days Prior To Incentive Compensation, Payable To Executives</link:label>
    <link:label id="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives_documentation_en-US" xlink:label="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of Days Prior To Incentive Compensation, Payable To Executives</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives" xlink:href="cae-20210331.xsd#cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives" xlink:to="lab_cae_NumberofDaysPriorToIncentiveCompensationPayableToExecutives" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember_9869b2ca-c547-4284-b71c-0d887a7797c2_terseLabel_en-US" xlink:label="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE GAH Aviation Technology Services Co Ltd.</link:label>
    <link:label id="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember_label_en-US" xlink:label="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE GAH Aviation Technology Services Co Ltd. [Member]</link:label>
    <link:label id="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember_documentation_en-US" xlink:label="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE GAH Aviation Technology Services Co Ltd.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAEGAHAviationTechnologyServicesCoLtdMember" xlink:href="cae-20210331.xsd#cae_CAEGAHAviationTechnologyServicesCoLtdMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAEGAHAviationTechnologyServicesCoLtdMember" xlink:to="lab_cae_CAEGAHAviationTechnologyServicesCoLtdMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_TypeofDebtInstrumentAxis_efebeabf-e8db-40ad-9eb3-a481886742be_terseLabel_en-US" xlink:label="lab_cae_TypeofDebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Type of Debt Instrument [Axis]</link:label>
    <link:label id="lab_cae_TypeofDebtInstrumentAxis_label_en-US" xlink:label="lab_cae_TypeofDebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Type of Debt Instrument [Axis]</link:label>
    <link:label id="lab_cae_TypeofDebtInstrumentAxis_documentation_en-US" xlink:label="lab_cae_TypeofDebtInstrumentAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Type of Debt Instrument [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_TypeofDebtInstrumentAxis" xlink:href="cae-20210331.xsd#cae_TypeofDebtInstrumentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TypeofDebtInstrumentAxis" xlink:to="lab_cae_TypeofDebtInstrumentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ParcAviationLimitedMember_fa6c44e0-b3ec-45b2-8074-cb0de247a94c_terseLabel_en-US" xlink:label="lab_cae_ParcAviationLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Parc Aviation Limited</link:label>
    <link:label id="lab_cae_ParcAviationLimitedMember_label_en-US" xlink:label="lab_cae_ParcAviationLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Parc Aviation Limited [Member]</link:label>
    <link:label id="lab_cae_ParcAviationLimitedMember_documentation_en-US" xlink:label="lab_cae_ParcAviationLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Parc Aviation Limited [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ParcAviationLimitedMember" xlink:href="cae-20210331.xsd#cae_ParcAviationLimitedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ParcAviationLimitedMember" xlink:to="lab_cae_ParcAviationLimitedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_GrossAccountReceivableAndContractAssets_b12345d9-05d2-4a14-acd4-9ab76faaf020_totalLabel_en-US" xlink:label="lab_cae_GrossAccountReceivableAndContractAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total</link:label>
    <link:label id="lab_cae_GrossAccountReceivableAndContractAssets_label_en-US" xlink:label="lab_cae_GrossAccountReceivableAndContractAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Account Receivable and Contract Assets</link:label>
    <link:label id="lab_cae_GrossAccountReceivableAndContractAssets_documentation_en-US" xlink:label="lab_cae_GrossAccountReceivableAndContractAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross Account Receivable and Contract Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_GrossAccountReceivableAndContractAssets" xlink:href="cae-20210331.xsd#cae_GrossAccountReceivableAndContractAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_GrossAccountReceivableAndContractAssets" xlink:to="lab_cae_GrossAccountReceivableAndContractAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_0f0a6d7f-d5bb-4b35-9280-1e1d2403d96c_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AircraftMember_818ecf36-497f-4213-9256-87939f5627fd_terseLabel_en-US" xlink:label="lab_ifrs-full_AircraftMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aircraft</link:label>
    <link:label id="lab_ifrs-full_AircraftMember_label_en-US" xlink:label="lab_ifrs-full_AircraftMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Aircraft [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AircraftMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AircraftMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AircraftMember" xlink:to="lab_ifrs-full_AircraftMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset_e8eef75a-a9c1-43b6-8098-32f11810924a_terseLabel_en-US" xlink:label="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Administrative costs, net defined benefit liability (asset)</link:label>
    <link:label id="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset_label_en-US" xlink:label="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Administrative costs, net defined benefit liability (asset)</link:label>
    <link:label id="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset_documentation_en-US" xlink:label="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Administrative costs, net defined benefit liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_Administrativecostsnetdefinedbenefitliabilityasset" xlink:href="cae-20210331.xsd#cae_Administrativecostsnetdefinedbenefitliabilityasset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_Administrativecostsnetdefinedbenefitliabilityasset" xlink:to="lab_cae_Administrativecostsnetdefinedbenefitliabilityasset" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity_d60499ea-b84b-4d75-a3d2-9b78969a1671_terseLabel_en-US" xlink:label="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Issuance Related Costs, Recorded As A Deduction From Equity</link:label>
    <link:label id="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity_label_en-US" xlink:label="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Issuance Related Costs, Recorded As A Deduction From Equity</link:label>
    <link:label id="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity_documentation_en-US" xlink:label="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Issuance Related Costs, Recorded As A Deduction From Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity" xlink:href="cae-20210331.xsd#cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity" xlink:to="lab_cae_OtherIssuanceRelatedCostsRecordedAsADeductionFromEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost_b39ece23-1f07-4e70-8010-ed7faaca2846_terseLabel_en-US" xlink:label="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial assumption of expected rates of salary increases, net pension cost</link:label>
    <link:label id="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost_label_en-US" xlink:label="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial Assumption Of Expected Rates Of Salary Increases, Net Pension Cost</link:label>
    <link:label id="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost_documentation_en-US" xlink:label="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Actuarial Assumption Of Expected Rates Of Salary Increases, Net Pension Cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost" xlink:href="cae-20210331.xsd#cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost" xlink:to="lab_cae_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesNetPensionCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredIncomeClassifiedAsNoncurrent_faba56f7-7721-426b-93c4-22c72cbbc8d7_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredIncomeClassifiedAsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred revenue and contract liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredIncomeClassifiedAsNoncurrent_label_en-US" xlink:label="lab_ifrs-full_DeferredIncomeClassifiedAsNoncurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Deferred income classified as non-current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredIncomeClassifiedAsNoncurrent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredIncomeClassifiedAsNoncurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredIncomeClassifiedAsNoncurrent" xlink:to="lab_ifrs-full_DeferredIncomeClassifiedAsNoncurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_f543df7e-96f5-42c2-953a-b64edd2c9f04_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares issued and fully paid, shares</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of shares issued and fully paid</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:to="lab_ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_c2e26759-e3ad-47f2-b222-5aca1637acb1_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-based payment transactions</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="lab_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAESimulationTechnologiesPrivateLimitedMember_5203c6fa-c424-4ada-bbeb-e63b817ad23d_terseLabel_en-US" xlink:label="lab_cae_CAESimulationTechnologiesPrivateLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Simulation Technologies Private Limited</link:label>
    <link:label id="lab_cae_CAESimulationTechnologiesPrivateLimitedMember_label_en-US" xlink:label="lab_cae_CAESimulationTechnologiesPrivateLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Simulation Technologies Private Limited [Member]</link:label>
    <link:label id="lab_cae_CAESimulationTechnologiesPrivateLimitedMember_documentation_en-US" xlink:label="lab_cae_CAESimulationTechnologiesPrivateLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Simulation Technologies Private Limited [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAESimulationTechnologiesPrivateLimitedMember" xlink:href="cae-20210331.xsd#cae_CAESimulationTechnologiesPrivateLimitedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAESimulationTechnologiesPrivateLimitedMember" xlink:to="lab_cae_CAESimulationTechnologiesPrivateLimitedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_76632fe5-7cb6-4623-847d-5fac43bd0803_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAECentreHongKongLimitedMember_51455e26-73cd-4030-b827-b3c66a4ffd39_terseLabel_en-US" xlink:label="lab_cae_CAECentreHongKongLimitedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Hong Kong Limited</link:label>
    <link:label id="lab_cae_CAECentreHongKongLimitedMember_label_en-US" xlink:label="lab_cae_CAECentreHongKongLimitedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Hong Kong Limited [Member]</link:label>
    <link:label id="lab_cae_CAECentreHongKongLimitedMember_documentation_en-US" xlink:label="lab_cae_CAECentreHongKongLimitedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Hong Kong Limited [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAECentreHongKongLimitedMember" xlink:href="cae-20210331.xsd#cae_CAECentreHongKongLimitedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAECentreHongKongLimitedMember" xlink:to="lab_cae_CAECentreHongKongLimitedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory_57ed9e3a-3fbf-451b-bc35-d42d4e697d8a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement of assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_8c7592e4-8a35-4f09-8491-b11e405d3607_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BorrowingsInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_L3HarrisMilitaryTrainingBusinessMember_b4e3cbaf-9d96-4855-9bdb-0b1b0dff45ef_terseLabel_en-US" xlink:label="lab_cae_L3HarrisMilitaryTrainingBusinessMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">L3Harris' Military Training business</link:label>
    <link:label id="lab_cae_L3HarrisMilitaryTrainingBusinessMember_label_en-US" xlink:label="lab_cae_L3HarrisMilitaryTrainingBusinessMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">L3Harris' Military Training business [Member]</link:label>
    <link:label id="lab_cae_L3HarrisMilitaryTrainingBusinessMember_documentation_en-US" xlink:label="lab_cae_L3HarrisMilitaryTrainingBusinessMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">L3Harris' Military Training business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_L3HarrisMilitaryTrainingBusinessMember" xlink:href="cae-20210331.xsd#cae_L3HarrisMilitaryTrainingBusinessMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_L3HarrisMilitaryTrainingBusinessMember" xlink:to="lab_cae_L3HarrisMilitaryTrainingBusinessMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_EquitySwapAgreementsMember_b64100da-9efe-4da5-b083-11db4bcd5745_terseLabel_en-US" xlink:label="lab_cae_EquitySwapAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity swap agreements</link:label>
    <link:label id="lab_cae_EquitySwapAgreementsMember_label_en-US" xlink:label="lab_cae_EquitySwapAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Swap Agreements [Member]</link:label>
    <link:label id="lab_cae_EquitySwapAgreementsMember_documentation_en-US" xlink:label="lab_cae_EquitySwapAgreementsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity Swap Agreements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_EquitySwapAgreementsMember" xlink:href="cae-20210331.xsd#cae_EquitySwapAgreementsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_EquitySwapAgreementsMember" xlink:to="lab_cae_EquitySwapAgreementsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_b28f0745-3546-4ed0-a7ca-742367d8aa30_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Units granted (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_label_en-US" xlink:label="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of other equity instruments granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="lab_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_d20aa1f9-025b-4b48-b9e7-24e9848fa990_terseLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets</link:label>
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    <link:label id="lab_cae_CAEUSAInc.Member_c73abc88-9a87-4524-b23b-1ac77cfeb647_terseLabel_en-US" xlink:label="lab_cae_CAEUSAInc.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE USA Inc.</link:label>
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    <link:label id="lab_cae_CAEServiciosGlobalesdeInstruccindeVueloEspaaS.L.Member_e7dd76aa-9008-4fb3-a870-1ecad1345645_terseLabel_en-US" xlink:label="lab_cae_CAEServiciosGlobalesdeInstruccindeVueloEspaaS.L.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Servicios Globales de Instrucci&#243;n de Vuelo (Espa&#241;a), S.L.</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories_f9af737e-a196-4be8-807c-3e49a1faa265_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Inventories</link:label>
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    <link:label id="lab_cae_HelicopterTrainingMediaInternationalGmbHMember_5e158a3a-3581-4493-bdd8-154e857f90fc_terseLabel_en-US" xlink:label="lab_cae_HelicopterTrainingMediaInternationalGmbHMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Helicopter Training Media International GmbH</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_HelicopterTrainingMediaInternationalGmbHMember" xlink:href="cae-20210331.xsd#cae_HelicopterTrainingMediaInternationalGmbHMember"/>
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    <link:label id="lab_ifrs-full_ExplanationOfMeasurementBasesUsedInPreparingFinancialStatements_a046d744-c668-4e01-b4a0-467176f75f73_terseLabel_en-US" xlink:label="lab_ifrs-full_ExplanationOfMeasurementBasesUsedInPreparingFinancialStatements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Basis of preparation</link:label>
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    <link:label id="lab_dei_CurrentFiscalYearEndDate_e5f2fc22-6205-4420-9699-170694bc23a1_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current Fiscal Year End Date</link:label>
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    <link:label id="lab_cae_CAECFTB.V.Member_65e8a7cf-15f2-4e46-be8d-0188372c0751_terseLabel_en-US" xlink:label="lab_cae_CAECFTB.V.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE CFT B.V.</link:label>
    <link:label id="lab_cae_CAECFTB.V.Member_label_en-US" xlink:label="lab_cae_CAECFTB.V.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE CFT B.V. [Member]</link:label>
    <link:label id="lab_cae_CAECFTB.V.Member_documentation_en-US" xlink:label="lab_cae_CAECFTB.V.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE CFT B.V. [Member]</link:label>
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    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_a5a61fee-6be0-46c8-bc7d-44dc0f5937aa_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Receivables from related parties</link:label>
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    <link:label id="lab_ifrs-full_BusinessCombinationsMember_d2bebade-8965-4c0c-bc75-927cf6febc88_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsMember_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations [member]</link:label>
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    <link:label id="lab_cae_SubscriptionReceiptsIssuanceRelatedCosts_e6b75044-4e13-419f-b39e-f64639303444_negatedLabel_en-US" xlink:label="lab_cae_SubscriptionReceiptsIssuanceRelatedCosts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subscription receipts issuance-related costs</link:label>
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    <link:label id="lab_cae_SubscriptionReceiptsIssuanceRelatedCosts_documentation_en-US" xlink:label="lab_cae_SubscriptionReceiptsIssuanceRelatedCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Subscription Receipts Issuance-Related Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_SubscriptionReceiptsIssuanceRelatedCosts" xlink:href="cae-20210331.xsd#cae_SubscriptionReceiptsIssuanceRelatedCosts"/>
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    <link:label id="lab_cae_CarryingAmountShareBasedPayment_84ef7d5a-783a-4e23-bbd2-7c3ba7368323_terseLabel_en-US" xlink:label="lab_cae_CarryingAmountShareBasedPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total carrying amount of share-based payments liabilities</link:label>
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    <link:label id="lab_cae_CarryingAmountShareBasedPayment_documentation_en-US" xlink:label="lab_cae_CarryingAmountShareBasedPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying amount share based payment</link:label>
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    <link:label id="lab_cae_AmericasExcludingCanadaandUnitedStatesMember_19e84fda-b274-4656-8d4f-e92d1bac5b67_terseLabel_en-US" xlink:label="lab_cae_AmericasExcludingCanadaandUnitedStatesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Rest of Americas</link:label>
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    <link:label id="lab_cae_AmericasExcludingCanadaandUnitedStatesMember_documentation_en-US" xlink:label="lab_cae_AmericasExcludingCanadaandUnitedStatesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Americas, Excluding Canada and United States [Member]</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_588b87de-008b-4b98-854e-a1cdfb4a4319_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of detailed information about borrowings</link:label>
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    <link:label id="lab_cae_ContributionsCreditedToFinancialAssets_5e6a54ff-eb94-4042-a603-21c10a737f76_terseLabel_en-US" xlink:label="lab_cae_ContributionsCreditedToFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Credited to non-financial assets</link:label>
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    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories_0507c4e4-4e8c-40ce-914b-938805e3871b_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossInventories" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Impairment of inventories to net realizable value</link:label>
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    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_77faf390-74ee-451a-96d4-a9e6d974d7f5_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Remeasurement of defined benefit pension plan obligations</link:label>
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    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_e2e33dfd-a813-4d94-a0e3-f81225b9b0f5_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_cae_LettersOfCreditAndGuaranteesOther_59819004-cb92-4b12-bceb-cc76ca0b8453_terseLabel_en-US" xlink:label="lab_cae_LettersOfCreditAndGuaranteesOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other</link:label>
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    <link:label id="lab_cae_SubscriptionReceiptsAccruedCommitmentFeeRecordedAsAReductionOfEquity_f92cee6b-b429-4c19-b317-397f195034c2_terseLabel_en-US" xlink:label="lab_cae_SubscriptionReceiptsAccruedCommitmentFeeRecordedAsAReductionOfEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Accrued commitment fee</link:label>
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    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_2628d654-8cc9-4e88-b7c9-8d52144b02fa_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amortization</link:label>
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    <link:label id="lab_cae_DisclosureOfMaturityAnalysisOfOperatingAndFinanceLeasePaymentsLineItems_25dbc3a4-8007-4ec3-ad50-013fcbca7ff1_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfMaturityAnalysisOfOperatingAndFinanceLeasePaymentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of Maturity Analysis of Operating and Finance Lease Payments</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory_623d5b7e-d748-4d97-b706-ed3618b35401_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInterestsInJointArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of interests in joint arrangements</link:label>
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    <link:label id="lab_cae_GrossFinanceLeaseObligationsLiability_e6b3009b-ffd3-4660-bffd-290cefd9f12e_terseLabel_en-US" xlink:label="lab_cae_GrossFinanceLeaseObligationsLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Gross finance lease obligations</link:label>
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    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_57f7bcd5-8418-481e-ba95-5529d2329820_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gain (loss) on cash flow hedges</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset_bbfeba22-5a38-4e42-8f0b-e4ceb7b726a2_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughBusinessCombinationsAndDisposalsNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Business combinations</link:label>
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    <link:label id="lab_cae_NetGainRelatingToPastServiceCost_44aafb1f-374b-47d8-b8ff-2eed35800523_terseLabel_en-US" xlink:label="lab_cae_NetGainRelatingToPastServiceCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gain relating to past service cost</link:label>
    <link:label id="lab_cae_NetGainRelatingToPastServiceCost_label_en-US" xlink:label="lab_cae_NetGainRelatingToPastServiceCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gain relating to past service cost</link:label>
    <link:label id="lab_cae_NetGainRelatingToPastServiceCost_documentation_en-US" xlink:label="lab_cae_NetGainRelatingToPastServiceCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net gain relating to past service cost</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_NetGainRelatingToPastServiceCost" xlink:href="cae-20210331.xsd#cae_NetGainRelatingToPastServiceCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_NetGainRelatingToPastServiceCost" xlink:to="lab_cae_NetGainRelatingToPastServiceCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsMember_0fc21d78-b61c-425e-adbd-0bf711f9a4a8_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial instruments, class [member]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsMember_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial instruments, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_415947f2-d758-484d-8337-ed1aed9bbb8d_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">No later than 1 year</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_53d38327-3c2c-4302-8e8b-cbe7dfc4b1bf_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Less than 1 year</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_a51c4ab3-4885-45d1-8798-8d9376b2ff38_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity attributable to equity holders of the Company</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneYearMember_ed352a8f-eef1-4f3e-a965-400833be3e7c_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than one year</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OtherGainsAndLossesNetRemeasurementGain_12b3ab54-9d57-44e4-95ed-226df0abaccc_terseLabel_en-US" xlink:label="lab_cae_OtherGainsAndLossesNetRemeasurementGain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other gains and losses, Net remeasurement gain</link:label>
    <link:label id="lab_cae_OtherGainsAndLossesNetRemeasurementGain_label_en-US" xlink:label="lab_cae_OtherGainsAndLossesNetRemeasurementGain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other gains and losses, Net remeasurement gain</link:label>
    <link:label id="lab_cae_OtherGainsAndLossesNetRemeasurementGain_documentation_en-US" xlink:label="lab_cae_OtherGainsAndLossesNetRemeasurementGain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other gains and losses, Net remeasurement gain</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OtherGainsAndLossesNetRemeasurementGain" xlink:href="cae-20210331.xsd#cae_OtherGainsAndLossesNetRemeasurementGain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OtherGainsAndLossesNetRemeasurementGain" xlink:to="lab_cae_OtherGainsAndLossesNetRemeasurementGain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_4cbb18dc-fe8c-4e3b-82e7-fd88bbd8da41_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable_6bd3238b-5526-49c2-98d3-74e09b8f0f88_terseLabel_en-US" xlink:label="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of finance lease and operating lease by lessee [table]</link:label>
    <link:label id="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable_label_en-US" xlink:label="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of additional information about finance and operating leasing activities [Table]</link:label>
    <link:label id="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable_documentation_en-US" xlink:label="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of additional information about finance and operating leasing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable" xlink:href="cae-20210331.xsd#cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable" xlink:to="lab_cae_DisclosureOfAdditionalInformationAboutFinanceAndOperatingLeasingActivitiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares_b24904d4-8783-48f7-9512-049cbec3cf32_terseLabel_en-US" xlink:label="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance of common shares under an equity offering (in shares)</link:label>
    <link:label id="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares_label_en-US" xlink:label="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance Of Common Shares Under An Equity Offering, Shares</link:label>
    <link:label id="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares_documentation_en-US" xlink:label="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Issuance Of Common Shares Under An Equity Offering, Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares" xlink:href="cae-20210331.xsd#cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares" xlink:to="lab_cae_IssuanceOfCommonSharesUnderAnEquityOfferingShares" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_FinanceExpense_43f2f621-0025-4140-b969-f6bd4610d5da_terseLabel_en-US" xlink:label="lab_cae_FinanceExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance expense</link:label>
    <link:label id="lab_cae_FinanceExpense_label_en-US" xlink:label="lab_cae_FinanceExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance Expense</link:label>
    <link:label id="lab_cae_FinanceExpense_documentation_en-US" xlink:label="lab_cae_FinanceExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Finance Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_FinanceExpense" xlink:href="cae-20210331.xsd#cae_FinanceExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_FinanceExpense" xlink:to="lab_cae_FinanceExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_5aac2b6c-b702-4d81-b6c0-927a5f9bb78c_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Total equity</link:label>
    <link:label id="lab_ifrs-full_Equity_b72d583a-1bc9-4078-9be8-9ec9b6b36756_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balances, beginning of year</link:label>
    <link:label id="lab_ifrs-full_Equity_1380a9b7-f6db-4434-8373-1e94ede47bc7_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Balances, end of year</link:label>
    <link:label id="lab_ifrs-full_Equity_85231c8f-bc59-4132-8c09-3692d77b6189_terseLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_Equity_label_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_77a018dc-e861-4f83-908d-72f363d581f2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of Right-of-use assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of quantitative information about right-of-use assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestPayable_dbd3529d-301e-4e53-ac91-6314a2810905_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest payable</link:label>
    <link:label id="lab_ifrs-full_InterestPayable_label_en-US" xlink:label="lab_ifrs-full_InterestPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Interest payable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPayable" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPayable" xlink:to="lab_ifrs-full_InterestPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate_ef78bde2-114f-4a13-b812-de1ef79cc844_terseLabel_en-US" xlink:label="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net short-term payable</link:label>
    <link:label id="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Short-term Receivable (Payable) Recognised As Of Acquisition Date</link:label>
    <link:label id="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Net Short-term Receivable (Payable) Recognised As Of Acquisition Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate" xlink:href="cae-20210331.xsd#cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate" xlink:to="lab_cae_NetShorttermReceivablePayableRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_0722076a-455d-4b23-9ea0-0a994b6f1b1b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of range of exercise prices of outstanding share options [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CarryingAmountMember_1f09b67e-7ed9-4a6b-b3ae-48730671557c_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Carrying amount [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate_3b4224dc-13b7-47ed-be4e-668e53b05583_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current liabilities recognised as of acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilitiesRecognisedAsOfAcquisitionDate"/>
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    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_f1da4e31-3837-463d-8d8a-bb19cbe648f2_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current year</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxExpenseIncome_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Current tax expense (income)</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxExpenseIncome" xlink:to="lab_ifrs-full_CurrentTaxExpenseIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_162d3495-bb03-44c7-9106-37caba5a76c3_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Investment tax credits</link:label>
    <link:label id="lab_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax_label_en-US" xlink:label="lab_ifrs-full_NoncurrentReceivablesFromTaxesOtherThanIncomeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-current receivables from taxes other than income tax</link:label>
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    <link:label id="lab_cae_DisclosureofrelatedpartytransactionsAbstract_94c3241a-5e27-4a62-af23-6ff54fc9e794_terseLabel_en-US" xlink:label="lab_cae_DisclosureofrelatedpartytransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of related party transactions [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureofrelatedpartytransactionsAbstract_label_en-US" xlink:label="lab_cae_DisclosureofrelatedpartytransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of related party transactions [Abstract]</link:label>
    <link:label id="lab_cae_DisclosureofrelatedpartytransactionsAbstract_documentation_en-US" xlink:label="lab_cae_DisclosureofrelatedpartytransactionsAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of related party transactions [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DisclosureofrelatedpartytransactionsAbstract" xlink:href="cae-20210331.xsd#cae_DisclosureofrelatedpartytransactionsAbstract"/>
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    <link:label id="lab_ifrs-full_OtherProvisionsMember_545a25d9-2757-47a8-94bb-2101e712ce19_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other provisions [member]</link:label>
    <link:label id="lab_ifrs-full_OtherProvisionsMember_label_en-US" xlink:label="lab_ifrs-full_OtherProvisionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other provisions [member]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherProvisionsMember" xlink:to="lab_ifrs-full_OtherProvisionsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_OtherNonCurrentLiabilitiesMember_e48bb7f6-7c86-4929-a98a-d051a7a42fd1_terseLabel_en-US" xlink:label="lab_cae_OtherNonCurrentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current liabilities</link:label>
    <link:label id="lab_cae_OtherNonCurrentLiabilitiesMember_label_en-US" xlink:label="lab_cae_OtherNonCurrentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Non Current Liabilities [Member]</link:label>
    <link:label id="lab_cae_OtherNonCurrentLiabilitiesMember_documentation_en-US" xlink:label="lab_cae_OtherNonCurrentLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other Non Current Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_OtherNonCurrentLiabilitiesMember" xlink:href="cae-20210331.xsd#cae_OtherNonCurrentLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OtherNonCurrentLiabilitiesMember" xlink:to="lab_cae_OtherNonCurrentLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAECentreStockholmABMember_e8669eb2-0a07-4613-acf5-03f0da7bf1dd_terseLabel_en-US" xlink:label="lab_cae_CAECentreStockholmABMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Stockholm AB</link:label>
    <link:label id="lab_cae_CAECentreStockholmABMember_label_en-US" xlink:label="lab_cae_CAECentreStockholmABMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Stockholm AB [Member]</link:label>
    <link:label id="lab_cae_CAECentreStockholmABMember_documentation_en-US" xlink:label="lab_cae_CAECentreStockholmABMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE Centre Stockholm AB [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAECentreStockholmABMember" xlink:href="cae-20210331.xsd#cae_CAECentreStockholmABMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAECentreStockholmABMember" xlink:to="lab_cae_CAECentreStockholmABMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PastDueStatusMember_34a7ffbc-8208-48ed-ae22-7bfe71cf91e0_terseLabel_en-US" xlink:label="lab_ifrs-full_PastDueStatusMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Past due status [member]</link:label>
    <link:label id="lab_ifrs-full_PastDueStatusMember_label_en-US" xlink:label="lab_ifrs-full_PastDueStatusMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Past due status [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastDueStatusMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PastDueStatusMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastDueStatusMember" xlink:to="lab_ifrs-full_PastDueStatusMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory_05417a54-3962-42f5-ab0f-3199991a9fd8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value of plan assets</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value of plan assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CAETSPIncMember_d0001412-63f6-4430-af96-728df866ed88_terseLabel_en-US" xlink:label="lab_cae_CAETSPIncMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE TSP Inc.</link:label>
    <link:label id="lab_cae_CAETSPIncMember_label_en-US" xlink:label="lab_cae_CAETSPIncMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE TSP Inc. [Member]</link:label>
    <link:label id="lab_cae_CAETSPIncMember_documentation_en-US" xlink:label="lab_cae_CAETSPIncMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">CAE TSP Inc.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CAETSPIncMember" xlink:href="cae-20210331.xsd#cae_CAETSPIncMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CAETSPIncMember" xlink:to="lab_cae_CAETSPIncMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UndrawnBorrowingFacilities_0a6bbfc0-ac55-48e2-ab64-4d9868ef58d1_terseLabel_en-US" xlink:label="lab_ifrs-full_UndrawnBorrowingFacilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Undrawn borrowing facilities</link:label>
    <link:label id="lab_ifrs-full_UndrawnBorrowingFacilities_label_en-US" xlink:label="lab_ifrs-full_UndrawnBorrowingFacilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Undrawn borrowing facilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UndrawnBorrowingFacilities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_UndrawnBorrowingFacilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UndrawnBorrowingFacilities" xlink:to="lab_ifrs-full_UndrawnBorrowingFacilities" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember_37fa4287-57b0-4b87-b24c-caea058189d4_terseLabel_en-US" xlink:label="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember_label_en-US" xlink:label="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible Assets Related Temporary Differences [Member]</link:label>
    <link:label id="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember_documentation_en-US" xlink:label="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Intangible Assets Related Temporary Differences [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_IntangibleAssetsRelatedTemporaryDifferencesMember" xlink:href="cae-20210331.xsd#cae_IntangibleAssetsRelatedTemporaryDifferencesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_IntangibleAssetsRelatedTemporaryDifferencesMember" xlink:to="lab_cae_IntangibleAssetsRelatedTemporaryDifferencesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_815145b2-e3c2-4ce0-9c1d-77430d235a57_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember_1a6fe8bb-f16d-44c7-bdb5-323b6f763b55_terseLabel_en-US" xlink:label="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Civil Aviation Training Solutions, Defense and Security and Healthcare</link:label>
    <link:label id="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember_label_en-US" xlink:label="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Civil Aviation Training Solutions, Defense and Security and Healthcare [Member]</link:label>
    <link:label id="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember_documentation_en-US" xlink:label="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Civil Aviation Training Solutions, Defense and Security and Healthcare [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember" xlink:href="cae-20210331.xsd#cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember" xlink:to="lab_cae_CivilAviationTrainingSolutionsDefenseandSecurityandHealthcareMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_MeasurementPeriodAdjustmentsIncreaseDecreaseOfOtherNetAssets_aae82f45-0488-41fb-bfb6-5c39eac20753_negatedLabel_en-US" xlink:label="lab_cae_MeasurementPeriodAdjustmentsIncreaseDecreaseOfOtherNetAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Decrease of other net assets</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_cae_MeasurementPeriodAdjustmentsIncreaseDecreaseOfOtherNetAssets" xlink:href="cae-20210331.xsd#cae_MeasurementPeriodAdjustmentsIncreaseDecreaseOfOtherNetAssets"/>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_16d56cd2-5ded-4e5a-b452-e50e7bed413d_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Leases</link:label>
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    <link:label id="lab_cae_AdditionsAndRemeasurementOfLeaseLiabilitiesNoncashFinancingActivities_fb7f369b-b94a-4290-bc84-3f9010605d50_terseLabel_en-US" xlink:label="lab_cae_AdditionsAndRemeasurementOfLeaseLiabilitiesNoncashFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Additions and remeasurement of lease liabilities</link:label>
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    <link:label id="lab_ifrs-full_FinancialAssetsCategoryMember_9e9c720a-6c7f-49f9-afbc-582fa23e45dd_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, category [member]</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Financial assets, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans_801b29ec-5389-4901-a600-d935beb59039_terseLabel_en-US" xlink:label="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Number of categories</link:label>
    <link:label id="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans_label_en-US" xlink:label="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Transaction, Number Of Categories Of Plans</link:label>
    <link:label id="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans_documentation_en-US" xlink:label="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Share-Based Transaction, Number Of Categories Of Plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ShareBasedTransactionNumberOfCategoriesOfPlans" xlink:href="cae-20210331.xsd#cae_ShareBasedTransactionNumberOfCategoriesOfPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ShareBasedTransactionNumberOfCategoriesOfPlans" xlink:to="lab_cae_ShareBasedTransactionNumberOfCategoriesOfPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory_13ef3bca-1590-4896-b765-97814658cbff_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Schedule of provisions</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of other provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_CapitalizedPensionCostsMember_6f0361a2-4b11-4028-85c5-822ee685c1a7_terseLabel_en-US" xlink:label="lab_cae_CapitalizedPensionCostsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalized Pension Costs</link:label>
    <link:label id="lab_cae_CapitalizedPensionCostsMember_label_en-US" xlink:label="lab_cae_CapitalizedPensionCostsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalized Pension Costs [Member]</link:label>
    <link:label id="lab_cae_CapitalizedPensionCostsMember_documentation_en-US" xlink:label="lab_cae_CapitalizedPensionCostsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Capitalized Pension Costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_CapitalizedPensionCostsMember" xlink:href="cae-20210331.xsd#cae_CapitalizedPensionCostsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CapitalizedPensionCostsMember" xlink:to="lab_cae_CapitalizedPensionCostsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill_408189af-ba41-4058-9a6c-12328418ceed_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Transfers and others</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Increase (decrease) through transfers and other changes, intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentRegistrationStatement_6e8f765f-322c-4286-ae8b-7e4512602388_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Registration Statement</link:label>
    <link:label id="lab_dei_DocumentRegistrationStatement_label_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Registration Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_DocumentRegistrationStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentRegistrationStatement" xlink:to="lab_dei_DocumentRegistrationStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_NonRefundableGrants_892fff9e-37fd-4224-b8f4-f122235fe46b_terseLabel_en-US" xlink:label="lab_cae_NonRefundableGrants" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-refundable grants</link:label>
    <link:label id="lab_cae_NonRefundableGrants_label_en-US" xlink:label="lab_cae_NonRefundableGrants" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-refundable Grants</link:label>
    <link:label id="lab_cae_NonRefundableGrants_documentation_en-US" xlink:label="lab_cae_NonRefundableGrants" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Non-refundable Grants</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_NonRefundableGrants" xlink:href="cae-20210331.xsd#cae_NonRefundableGrants"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_NonRefundableGrants" xlink:to="lab_cae_NonRefundableGrants" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_FemaleMember_4e6d6b9e-351c-48e1-bf13-884c029431d2_terseLabel_en-US" xlink:label="lab_cae_FemaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Female</link:label>
    <link:label id="lab_cae_FemaleMember_label_en-US" xlink:label="lab_cae_FemaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Female [Member]</link:label>
    <link:label id="lab_cae_FemaleMember_documentation_en-US" xlink:label="lab_cae_FemaleMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Female [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_FemaleMember" xlink:href="cae-20210331.xsd#cae_FemaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_FemaleMember" xlink:to="lab_cae_FemaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_Otherassetsrelatedpartytransactions_6c31fcce-7463-4439-91b7-275f2f1e8d75_terseLabel_en-US" xlink:label="lab_cae_Otherassetsrelatedpartytransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other non-current assets</link:label>
    <link:label id="lab_cae_Otherassetsrelatedpartytransactions_label_en-US" xlink:label="lab_cae_Otherassetsrelatedpartytransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets, related party transactions</link:label>
    <link:label id="lab_cae_Otherassetsrelatedpartytransactions_documentation_en-US" xlink:label="lab_cae_Otherassetsrelatedpartytransactions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Other assets, related party transactions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_Otherassetsrelatedpartytransactions" xlink:href="cae-20210331.xsd#cae_Otherassetsrelatedpartytransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_Otherassetsrelatedpartytransactions" xlink:to="lab_cae_Otherassetsrelatedpartytransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EntitysTotalForRelatedPartiesMember_7218e906-4da1-41a7-8342-1aff3f1ab36c_terseLabel_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for related parties [member]</link:label>
    <link:label id="lab_ifrs-full_EntitysTotalForRelatedPartiesMember_label_en-US" xlink:label="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity's total for related parties [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="lab_ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets_2b7f1e4b-85d6-4022-841f-ae5a660e129f_terseLabel_en-US" xlink:label="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign currency exchange differences</link:label>
    <link:label id="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets_label_en-US" xlink:label="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign Currency Exchange Differences For Right-Of-Use Assets</link:label>
    <link:label id="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets_documentation_en-US" xlink:label="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Foreign Currency Exchange Differences For Right-Of-Use Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets" xlink:href="cae-20210331.xsd#cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets" xlink:to="lab_cae_ForeignCurrencyExchangeDifferencesForRightOfUseAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsMember_8709d375-d9f6-43e5-9453-61e85b2c6004_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Greater than 90 days</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeMonthsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows_bbc8905c-b600-4e92-b48e-0c1ddebaa15c_terseLabel_en-US" xlink:label="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative financial instruments, undiscounted cash flows</link:label>
    <link:label id="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows_label_en-US" xlink:label="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments, Undiscounted Cash Flows</link:label>
    <link:label id="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows_documentation_en-US" xlink:label="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Derivative Financial Instruments, Undiscounted Cash Flows</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows" xlink:href="cae-20210331.xsd#cae_DerivativeFinancialInstrumentsUndiscountedCashFlows"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows" xlink:to="lab_cae_DerivativeFinancialInstrumentsUndiscountedCashFlows" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_6043d0c4-af69-4de3-a19f-96469ec457f7_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">More than 5 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_c330c788-b5b7-4deb-85e5-32ac817bb7fc_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification to income of foreign currency exchange differences</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Reclassification adjustments on exchange differences on translation, before tax</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_f0ecbb93-dec3-4e23-a0dc-1f86a3fc66b2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">FAIR VALUE OF FINANCIAL INSTRUMENTS</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Disclosure of fair value measurement [text block]</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
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