The name derives from the nearby Pyon Hill. 'Pyon', is unusual and is not used anywhere else in Britain, with the exception of the nearby village of Kings Pyon, on the other side of the hill. The civil parish includes Kings Pyon, Westhope and Ledgemoor. Canon Pyon, along with the other three parishes has a magazine, The Pyonear.
The 13th-century church of St Lawrence is a grade I listed building. Local amenities include a; village shop, Canon Pyon Stores; pub, The Nag's Head; village hall; parish church; and Canon Pyon CE Primary School.