Provided is a canola variety designated 45M35 and seed, plants and plant parts thereof produced from a cross of inbred varieties. Methods for producing a canola variety comprise crossing canola variety 45M35 with another canola plant. Methods for producing a canola plant containing in its genetic material one or more traits introgressed into 45M35 through backcross conversion and/or transformation, and to the canola seed, plant and plant part produced thereby are described. Canola variety 45M35, the seed, the plant produced from the seed, plant parts and variants, mutants, and minor modifications of canola variety 45M35 are disclosed.