Matter and anti-matter cancels out (violently I might add). The airlines can cancel your flight. You can’t cancel out in Math (instead you “reduce” or “divide”). If you do try to cancel out, bad things can happen. Let me explain.
Our Department abolished the phrase “Cancels out” a long time ago, and now we use phrases such as “reduces to 1“, “divides to 1 over 1“, etc. which demonstrates the math operation not some magic. We also always replace numbers and variables that reduce with a number even if it’s one (see below right).