There were six teams in the 1954 Canberra League, Ainslie, Eastlake, Manuka, Queanbeyan-Acton, RMC and Turner.
Ainslie finished the home and away games in fourth place.
Ainslie played Manuka in the First Semi-Final. Ainslie were 5 points up at half time but Manuka got on top in the second half to win by 25 points.
- Final score: Ainslie 8.9-57 def by Manuka 12.10-82
- Goal kickers for Ainslie: R Bloomfield 4, J Backen 1, B Whatman 1, J Loftus 1, W Hansen 1, C Ratford 1
- Best: B Whatman, J Backen, D Robertson, W Keough, R Bloomfield
The Ainslie team that played in the Semi-Final was:
D Robertson, J Cleary, J Keough, W Keough, A Ray, O Porter, L James, D Ross, B Browning, P Platt, J Backen, W Hansen, C Ratford, J Loftus, R Bloomfield, B Whatman, F Matthews, A Hawke Reserves: J Keegan, G Sheehan, Southwell, W Gale
- Leading goal kicker for season 1954 was P Platt with 20 goals.
- The Combine team Queanbeyan-Acton defeated Eastlake in the Grand Final to win the 1954 Premiership, 23.15-153 to 6.8-44.
- Captain/Coach: Bruce Whatman, Vice-Captain: Don Ross
- Manager: Stan Ray
Ainslie Second Grade finished outside the final four.
- Coach: F Marryat, Tom Moore
- Manager: Lionel James
Ainslie Junior team finished in third place after losing the Preliminary Final to Manuka.
- Final score: Ainslie 4.3-27 def by Manuka 5.4-34.
- Goal kickers for Ainslie: Webb 2, McKellar 2
- Best: Bird, Hincksman, Webb, Blomfield, Linery
- Manager: Clive Lowes
Leading goal kicker for the Juniors in season 1954 was John Blomfield with 48 goals.
The Ainslie Sub-Juniors played off in the Grand Final and defeated Queanbeyan-Acton by 2 points to win the Premiership.
- Final score: Ainslie 8.9-57 def Queanbeyan-Acton 8.7-55
- Goal kickers for Ainslie: Tully 2, Foster 2, Ryan 1, Reid 1, Wallace 1, Webb 1
- Best: Tully, Reid, Bennett, Wallace, Webb, Ross
The Atoms team played in the Grand Final against Eastlake but were defeated.
- Final score: Ainslie 0.1-1 def by Eastlake 2.1-13
- Best: Nurse, Garner, Elvin, Morton Kelsey