In February, Chan represented Canada at his third Olympics, in Pyeongchang, South Korea. He won his first Olympic gold and third Olympic medal overall during the team event, defeating the Olympic Athletes from Russia. He skated both segments, ranking third in the short and first in the free skate. This earned 18 team points for Canada, six more than the Russian skater Mikhail Kolyada. In the individual men's event, Chan finished ninth after placing sixth in the short program and eighth in the free skate. He had tripled a quad attempt, doubled a triple, touched down with his hand on a triple axel, and stumbled on some of his footwork. He stated that this Olympic event was his last competition. He officially retired from competition on April 16, 2018.