The purpose of this study was to further examine the relationship between family leisure variables and the dependent variables of family functioning and satisfaction with family life among a broad, national sample of Canadian families using the Core and Balance framework. Specifically, this study examined how both family leisure involvement (core and balance) and family leisure satisfaction contributed to the explanation of variance in family functioning and satisfaction with family life. Because the data were nested in families, this study accounted for family-level variance by incorporating mixed modeling. The sample consisted of 943 families across Canada including one parent and one child between the ages of 11 and 16 (n = 1886). Findings added to previous Canadian family leisure studies by reporting empirical relationships between family leisure variables and outcome variables and doing so from a broad national sample. Findings were also consistent with trends in other countries reporting satisfaction with core family leisure involvement as the single strongest predictor of both family functioning and satisfaction with family life among Canadian families. Furthermore, while core family leisure satisfaction was the driving force in the explanation of variance in family satisfaction, findings suggest there must be participation in both core and balance family leisure. Additional implications for Canadian families, scholars, professionals, and policy makers are discussed.