The Wascana Racing Canoe Club is a Regina-based competitive and recreational canoe and kayak club founded in 1986. With a strong volunteer base, Wascana has achieved much recognition in Western Canada in its short history. The current clubhouse was built in 1996 and Wascana Lake underwent a deepening project in 2003 to increase the lake’s depth to 18 feet. Wascana is a Cree word meaning “pile of bones.”

Wascana is loosely connected to the Regina Canoe Club which existed on Wascana Lake immediately prior to 1986. A Regina Canoe Club actually existed prior to WWII and its commodore, Bevan Lawson, was located by Prairie Flag Office Herb Benthin. Benthin then called for a meeting to try to get a new Regina Canoe Club off the ground. Not much happened until 1973 and then the new club entered CCA the following year. It went on hiatus for a while and re-entered CCA again in 1984. The name "Regina Canoe Club" appears on the National Championships program in 1985 and in 1986. "Wascana" appears for the first time in 1987. According to former paddler John Dipple, the Western Canada Summer Games scheduled for 1975 in Regina kick-started the loose organisation of a canoeing group. Jim Nickel, formerly of Winnipeg Canoe Club coached the paddlers but moved to Swift Current leaving the Regina "club" to dissolve. It picked up again in time for the 1979 WCSG in Saskatoon when several synchronised swimmers from the local high school began paddling. This group raced continuously through the early 80s under Jim Nickel Jr. and organised the first Canada Day Regatta on Wascana Lake in either 1983 or 1984. The impetus for the Wascana Racing Canoe Club was likely the influx of money from SaskFirst with Saskatoon selected as the host site for 1989 Canada Games. There is no relation to the Regina Boat Club which inquired into CCA membership in 1936 and went on to become the Regina Rowing Club.

During the 1990s, the Herchmer School Canoe Club was an associate program of Wascana RCC and sent various athletes to compete at the North American Indigenous Games.