An 8‐week feeding trial was conducted on juvenile beluga sturgeon Huso huso to evaluate the effects of different dietary lipid levels and sources on growth performance, physiological indices, proximate composition and fatty acid (FA) profile. Four practical diets, which had either low level (120 g/kg) of canola oil (LCO) and fish oil (LFO) or high level (240 g/kg) of canola oil (HCO) and fish oil (HFO), were fed to triplicate groups of 25 beluga (mean initial body weight 207 ± 0.5 g). The growth performance of beluga was improved by replacing dietary fish oil with canola oil and increasing dietary lipid level. Except the number of red blood cells, lymphocytes, neutrophils and eosinophils, the rest of haematological factors including the values of haemoglobin, haematocrit, number of white blood cells, mean corpuscular haemoglobin concentration, cholesterol and triglyceride concentrations and the number of basophils and monocytes were not significantly affected by dietary lipid sources or levels. Results showed that both moisture and crude fat of the beluga muscle were affected by dietary lipid. The highest moisture and the lowest fat contents were found in the muscle of beluga fed fish oil (LFO). Moreover, the lowest moisture and the highest fat contents were observed in the muscle of beluga fed canola oil (HCO) (p < .05). The FA profile of the beluga muscle was significantly influenced by dietary treatments. The highest monounsaturated fatty acids, total n‐6 fatty acids containing linoleic acid and arachidonic acid, and total unsaturated fatty acids were found in fish fed canola oil (LCO and/or HCO) (p < .05). However, n‐3 fatty acids containing linolenic acid, eicosapentaenoic acid and docosahexaenoic acid were not affected by the diet (p > .05). FA profile of the beluga muscles reflected the proportions of CO and FO in the diet except that there was a decrease in oleic acid and linolenic acid, but an increase in arachidonic acid (C20:4n‐6), eicosapentaenoic acid and docosahexaenoic acid. The obtained data showed that canola oil is an excellent source of supplemental dietary lipid in a practical fish‐meal‐based diet of beluga sturgeon under the experimental conditions. Moreover, the data demonstrated that increasing dietary lipid up to 240 g/kg in beluga sturgeon resulted to improve growth performance and haematology.