diff --git a/.github/workflows/ci.yaml b/.github/workflows/ci.yaml
index c39185f3073..7c1c8bac6b6 100644
--- a/.github/workflows/ci.yaml
+++ b/.github/workflows/ci.yaml
@@ -11,7 +11,7 @@ on:
 
 env:
   CACHE_VERSION: 1
-  DEFAULT_PYTHON: 3.7
+  DEFAULT_PYTHON: 3.8
   PRE_COMMIT_HOME: ~/.cache/pre-commit
 
 jobs:
@@ -521,13 +521,12 @@ jobs:
     needs: prepare-tests
     strategy:
       matrix:
-        python-version: [3.7]
+        python-version: [3.8]
     container: homeassistant/ci-azure:${{ matrix.python-version }}
     steps:
       - name: Check out code from GitHub
         uses: actions/checkout@v2
-      - name:
-          Restore full Python ${{ matrix.python-version }} virtual environment
+      - name: Restore full Python ${{ matrix.python-version }} virtual environment
         id: cache-venv
         uses: actions/cache@v2
         with:
@@ -585,13 +584,12 @@ jobs:
     runs-on: ubuntu-latest
     strategy:
       matrix:
-        python-version: [3.7, 3.8, 3.9]
+        python-version: [3.8, 3.9]
     container: homeassistant/ci-azure:${{ matrix.python-version }}
     steps:
       - name: Check out code from GitHub
         uses: actions/checkout@v2
-      - name:
-          Restore full Python ${{ matrix.python-version }} virtual environment
+      - name: Restore full Python ${{ matrix.python-version }} virtual environment
         id: cache-venv
         uses: actions/cache@v2
         with:
@@ -605,8 +603,7 @@ jobs:
             ${{ env.CACHE_VERSION}}-${{ runner.os }}-venv-${{ matrix.python-version }}-${{ hashFiles('requirements_test.txt') }}-${{ hashFiles('requirements_all.txt') }}
             ${{ env.CACHE_VERSION}}-${{ runner.os }}-venv-${{ matrix.python-version }}-${{ hashFiles('requirements_test.txt') }}
             ${{ env.CACHE_VERSION}}-${{ runner.os }}-venv-${{ matrix.python-version }}-
-      - name:
-          Create full Python ${{ matrix.python-version }} virtual environment
+      - name: Create full Python ${{ matrix.python-version }} virtual environment
         if: steps.cache-venv.outputs.cache-hit != 'true'
         run: |
           # Temporary addition of cmake, needed to build some Python 3.9 packages
@@ -626,13 +623,12 @@ jobs:
     needs: prepare-tests
     strategy:
       matrix:
-        python-version: [3.7]
+        python-version: [3.8]
     container: homeassistant/ci-azure:${{ matrix.python-version }}
     steps:
       - name: Check out code from GitHub
         uses: actions/checkout@v2
-      - name:
-          Restore full Python ${{ matrix.python-version }} virtual environment
+      - name: Restore full Python ${{ matrix.python-version }} virtual environment
         id: cache-venv
         uses: actions/cache@v2
         with:
@@ -661,13 +657,12 @@ jobs:
     needs: prepare-tests
     strategy:
       matrix:
-        python-version: [3.7]
+        python-version: [3.8]
     container: homeassistant/ci-azure:${{ matrix.python-version }}
     steps:
       - name: Check out code from GitHub
         uses: actions/checkout@v2
-      - name:
-          Restore full Python ${{ matrix.python-version }} virtual environment
+      - name: Restore full Python ${{ matrix.python-version }} virtual environment
         id: cache-venv
         uses: actions/cache@v2
         with:
@@ -696,15 +691,14 @@ jobs:
     strategy:
       matrix:
         group: [1, 2, 3, 4]
-        python-version: [3.7, 3.8, 3.9]
+        python-version: [3.8, 3.9]
     name: >-
       Run tests Python ${{ matrix.python-version }} (group ${{ matrix.group }})
     container: homeassistant/ci-azure:${{ matrix.python-version }}
     steps:
       - name: Check out code from GitHub
         uses: actions/checkout@v2
-      - name:
-          Restore full Python ${{ matrix.python-version }} virtual environment
+      - name: Restore full Python ${{ matrix.python-version }} virtual environment
         id: cache-venv
         uses: actions/cache@v2
         with:
@@ -759,13 +753,12 @@ jobs:
     needs: pytest
     strategy:
       matrix:
-        python-version: [3.7]
+        python-version: [3.8]
     container: homeassistant/ci-azure:${{ matrix.python-version }}
     steps:
       - name: Check out code from GitHub
         uses: actions/checkout@v2
-      - name:
-          Restore full Python ${{ matrix.python-version }} virtual environment
+      - name: Restore full Python ${{ matrix.python-version }} virtual environment
         id: cache-venv
         uses: actions/cache@v2
         with:
diff --git a/azure-pipelines-ci.yml b/azure-pipelines-ci.yml
index 613e386b249..cda5943ecd0 100644
--- a/azure-pipelines-ci.yml
+++ b/azure-pipelines-ci.yml
@@ -14,8 +14,6 @@ pr:
 
 resources:
   containers:
-    - container: 37
-      image: homeassistant/ci-azure:3.7
     - container: 38
       image: homeassistant/ci-azure:3.8
   repositories:
@@ -25,7 +23,7 @@ resources:
       endpoint: "home-assistant"
 variables:
   - name: PythonMain
-    value: "37"
+    value: "38"
   - name: versionHadolint
     value: "v1.17.6"
 
@@ -150,8 +148,6 @@ stages:
         strategy:
           maxParallel: 3
           matrix:
-            Python37:
-              python.container: "37"
             Python38:
               python.container: "38"
         container: $[ variables['python.container'] ]
diff --git a/homeassistant/components/arcam_fmj/__init__.py b/homeassistant/components/arcam_fmj/__init__.py
index 0175dfd6586..686e7c2de16 100644
--- a/homeassistant/components/arcam_fmj/__init__.py
+++ b/homeassistant/components/arcam_fmj/__init__.py
@@ -108,8 +108,6 @@ async def _run_client(hass, client, interval):
             await asyncio.sleep(interval)
         except asyncio.TimeoutError:
             continue
-        except asyncio.CancelledError:
-            raise
         except Exception:  # pylint: disable=broad-except
             _LOGGER.exception("Unexpected exception, aborting arcam client")
             return
diff --git a/homeassistant/components/system_log/__init__.py b/homeassistant/components/system_log/__init__.py
index bb255ba8bf3..9c868724d9b 100644
--- a/homeassistant/components/system_log/__init__.py
+++ b/homeassistant/components/system_log/__init__.py
@@ -1,5 +1,4 @@
 """Support for system log."""
-import asyncio
 from collections import OrderedDict, deque
 import logging
 import queue
@@ -165,8 +164,6 @@ class LogErrorQueueHandler(logging.handlers.QueueHandler):
         """Emit a log record."""
         try:
             self.enqueue(record)
-        except asyncio.CancelledError:
-            raise
         except Exception:  # pylint: disable=broad-except
             self.handleError(record)
 
diff --git a/homeassistant/const.py b/homeassistant/const.py
index 1a191441990..15ea6b7b00d 100644
--- a/homeassistant/const.py
+++ b/homeassistant/const.py
@@ -4,10 +4,10 @@ MINOR_VERSION = 2
 PATCH_VERSION = "0.dev0"
 __short_version__ = f"{MAJOR_VERSION}.{MINOR_VERSION}"
 __version__ = f"{__short_version__}.{PATCH_VERSION}"
-REQUIRED_PYTHON_VER = (3, 7, 1)
+REQUIRED_PYTHON_VER = (3, 8, 0)
 # Truthy date string triggers showing related deprecation warning messages.
-REQUIRED_NEXT_PYTHON_VER = (3, 8, 0)
-REQUIRED_NEXT_PYTHON_DATE = "December 7, 2020"
+REQUIRED_NEXT_PYTHON_VER = (3, 9, 0)
+REQUIRED_NEXT_PYTHON_DATE = ""
 
 # Format for platform files
 PLATFORM_FORMAT = "{platform}.{domain}"
diff --git a/homeassistant/util/logging.py b/homeassistant/util/logging.py
index 2f202165550..feef339a200 100644
--- a/homeassistant/util/logging.py
+++ b/homeassistant/util/logging.py
@@ -34,8 +34,6 @@ class HomeAssistantQueueHandler(logging.handlers.QueueHandler):
         """Emit a log record."""
         try:
             self.enqueue(record)
-        except asyncio.CancelledError:
-            raise
         except Exception:  # pylint: disable=broad-except
             self.handleError(record)