Hi LLWill,
Unfortunately I have to agree, what you've shown us is not an authentic badge.You may want to check my buyer's guide on e-Bay, as your specific badge is discussed there. The address is
http://reviews.ebay.com/Buyer-s-Guid...00000003506743.
Don't feel too badly, although I have 3 Canadian Parachute Corps badges, only one which is circa 1977 is righteous. I got that out of depot stores through the CWO who was then curator of the Canadian Airborne Museum which was located in Edmonton, along with a maroon beret, during a visit to the museum.
Regards,
Arnhem Jim
Arizona Territory