This paper is concerned with the canonical metrics on generalized Hartogs triangles. As main contributions, we first show the existence of a Kähler-Einstein metric on generalized Hartogs triangles. On the other hand, we calculate the explicit expression for Rawnsley's ε-function, and then we give the sufficient and necessary condition for the canonical metric to be balanced. As an application, we also find that there exist canonical metrics on generalized Hartogs triangles being both Kähler-Einstein and balanced.