As per the 2022 collective bargaining agreement, beginning with this year's draft, the two teams that had National players featured in the highest percentage of snaps played in the 2023 CFL season were each awarded an additional second-round pick. Because of this change, there will no longer be second-round territorial selections for the two worst teams from the previous season.
On May 21, a supplemental draft was held with the Edmonton Elks forfeiting an eighth round pick in the 2025 CFL draft to select Antonio Alfano. On June 29, the Elks also forfeited their 2025 first round pick to select Zach Mathis.
Trades
In the explanations below, (D) denotes trades that took place during the draft, while (PD) indicates trades completed pre-draft.
Round one
Hamilton ←→ Toronto (PD). Hamilton traded the fifth overall selection and two third-round picks in this year's draft, a conditional third-round pick in the 2025 CFL draft, and the negotiation rights to Deontay Burnett to Toronto in exchange for Jordan Williams, the seventh overall selection, a second-round pick, and a fourth-round pick in this year's draft, and a conditional fourth-round pick in the 2025 CFL draft.
Winnipeg → Calgary (D). Winnipeg traded this selection and the 28th pick in this year's draft to Calgary in exchange for the 13th and 14th overall selections in this year's draft.
Round two
Hamilton → Calgary (PD). Hamilton traded this selection, a first-round pick in the 2023 CFL draft, a third-round pick in the 2023 CFL draft, and a sixth-round pick in the 2023 CFL draft to Calgary in exchange for Bo Levi Mitchell, a first-round pick in the 2023 CFL draft, and a third-round pick in this year's draft.
Toronto → Hamilton (PD). Toronto traded a second-round pick in this year's draft, Jordan Williams, the seventh overall selection and a fourth-round pick in this year's draft, and a conditional fourth-round pick in the 2025 CFL draft to Hamilton in exchange for the fifth overall selection and two third-round picks in this year's draft, a conditional third-round pick in the 2025 CFL draft, and the negotiation rights to Deontay Burnett.
Calgary → Winnipeg (D). Calgary traded the 13th and 14th picks in this year's draft to Winnipeg in exchange for the eighth and 28th overall selections in this year's draft.
Round three
Calgary → Hamilton (PD). Calgary traded this selection, Bo Levi Mitchell, and a first-round pick in the 2023 CFL draft to Hamilton in exchange for a second-round pick in this year's draft, a first-round pick in the 2023 CFL draft, a third-round pick in the 2023 CFL draft, and a sixth-round pick in the 2023 CFL draft.
Hamilton → Toronto (PD). Hamilton traded two third-round picks and the fifth overall selection in this year's draft, a conditional third-round pick in the 2025 CFL draft, and the negotiation rights to Deontay Burnett to Toronto in exchange for Jordan Williams, the seventh overall selection, a second-round pick, and a fourth-round pick in this year's draft, and a conditional fourth-round pick in the 2025 CFL draft.
Winnipeg → Calgary (D). Winnipeg traded this selection and the eighth pick in this year's draft to Calgary in exchange for the 13th and 14th overall selections in this year's draft.
Round four
BC → Hamilton (PD). BC traded a fourth-round selection to Hamilton in exchange for Dane Evans. The draft pick could have been escalated if undisclosed conditions were met.
Hamilton → BC (PD). Hamilton traded the fourth-round selection originally acquired in the Dane Evans trade above back to BC in exchange for Jonathan Kongbo.
BC → Ottawa (PD). BC traded a conditional fourth-round selection and a third-round pick in the 2023 CFL draft to Ottawa in exchange for Terry Williams. This condition was fulfilled, as per the official draft order.
Toronto → Hamilton (PD). Toronto traded a fourth-round pick in this year's draft, Jordan Williams, the seventh overall selection and a second-round pick in this year's draft, and a conditional fourth-round pick in the 2025 CFL draft to Hamilton in exchange for the fifth overall selection and two third-round picks in this year's draft, a conditional third-round pick in the 2025 CFL draft, and the negotiation rights to Deontay Burnett.
Round five
Edmonton → Toronto (PD). Edmonton traded a fifth-round selection and the negotiation rights to Xavier Gipson to Toronto in exchange Sam Acheampong.
Ottawa → Winnipeg (PD). Ottawa traded a fifth-round selection to Winnipeg in exchange for the negotiation rights of Dru Brown.
Round six
Edmonton → Toronto (PD). Edmonton traded a sixth-round selection to Toronto in exchange Theren Churchill. The selection would be upgraded to a fifth-round pick if Churchill is named to the Elks' active roster for at least nine games during the 2023 season.
Round seven
Toronto → Edmonton (PD). Toronto traded this selection and Kurleigh Gittens Jr. to Edmonton in exchange for Jake Ceresna and a negotiation list player.
Conditional trades
Montreal → Calgary (PD). Montreal traded a conditional second-round selection to Calgary in exchange for the playing rights to Laurent Duvernay-Tardif. The condition will be fulfilled if Duvernay-Tardif signs with the Alouettes.