Yes, Aeroplan 25K status resets every year, as the qualification for elite status is based on your flying activity within a single calendar year (January 1 to December 31). To maintain or earn 25K status for the following year, you must reach the required thresholds of Status Qualifying Miles (SQM) or Status Qualifying Segments (SQS), along with Status Qualifying Dollars (SQD) during that 12-month window. As of January 1, 2026, Air Canada has introduced "Extended Status Validity," which means if you fail to requalify, your previous status remains active through January 31 of the following year, rather than ending abruptly on December 31. This provides a one-month "grace period" for holiday travelers. If you hold an Aeroplan-affiliated credit card, you may be able to earn 25K status through spending (typically $15,000 in a year), but even this "spend-based" status must be re-earned annually. Once the new year begins, your SQM, SQS, and SQD counters all return to zero, and the race to secure your benefits for the next cycle begins again, ensuring that elite status remains a reward for consistent, ongoing loyalty to the airline.