Those are Air Cadet titles from the 1950’s - 1960’s
You will find pictures of them being worn on their own, or with the squadron title just underneath.
I cannot recall the exact date they came into use, but It would be around the same time as the RCAF was using the ones with the albatross underneath. They began phasing them out in 1962 with the introduction of the half moon format, a style which is still used to this date.
http://155aircadets.com/wp-content/u...Major-1963.jpg
http://155aircadets.com/wp-content/u...wards-1963.jpg
http://www.16wing.com/Oldies/AirCadet1182.jpg