The chemical composition of the essential oil from cornmint (Mentha canadensis L.) was analyzed by GC/FID and GC-MS. The main constituents were menthol (41.2%) and menthone (20.4%). It was established that cornmint oil had antiradical activity with respect to the DPPH and hydroxyl (OH*) radicals. The concentrations necessary for 50% neutralization of the respective radicals (IC50) were 365.0 microg/mL for DPPH and 0.3 microg/mL for OH*, which was indicative that the antioxidant activity in terms of OH* was higher than that of quercetin. Cornmint oil chelated the Fe3+ ions present in the solution. The oil demonstrated antioxidant activity in a linoleic acid emulsion model system, where at 0.1% concentration it inhibited the formation of conjugated dienes by 57.1% and the generation of secondary oxidized products of linoleic acid by 76.1%.