The invention relates to a novel canola line designated as SCV470336. The invention also relates to the seeds, the plants, and the plant parts of canola line SCV470336 as well as to methods for producing a canola plant produced by crossing canola line SCV470336 with itself or with another canola line. The invention also relates to methods for producing a canola plant containing in its genetic material one or more transgenes and to the transgenic canola plants and plant parts produced by those methods. The invention further relates to canola lines or breeding lines and plant parts derived from canola line SCV470336, to methods for producing other canola lines or plant parts derived from canola line SCV470336 and to the canola plants, varieties, and their parts derived from use of those methods. The invention additionally relates to hybrid canola seeds, plants, and plant parts produced by crossing the line SCV470336 with another canola line.