The Canadian segment of the Cascade Volcanic Arc (i.e. the Garibaldi Volcanic Belt) comprises more than 100 eruptive centres, spanning the entire Quaternary period (Pleistocene to Holocene in age), and with deposits ranging in composition from alkaline basalt to rhyolite. At least one of the volcanoes is currently active; Mount Meager / Q̓welq̓welústen erupted explosively 2360 years BP and has ongoing fumarolic activity. Long-term forecasting of eruption frequency and style depends on reconstruction of the history and timescales of magmatic processes preceding previous volcanic eruptions. Utilising diffusion chronometry, we investigate the Mount Meager Volcanic Complex focusing on Holocene olivine-phyric basalts (Lillooet Glacier basalts) exposed by the retreat of the Lillooet Glacier. We identify two distinct olivine populations in samples of quenched, glassy basalt lavas that record different magmatic processes and histories. Glomerocrysts of Fo83 olivine phenocrysts, entrained and transported by a hot mafic input, form Population 1. These exhibit resorption and normally zoned outermost rim compositions of Fo76–78; a third of them also show interior reverse compositional zoning. A second population of skeletal microphenocrysts have the same composition as the phenocryst rims (i.e. Fo76–78) and are in equilibrium with the adjacent matrix glass. We estimate the pre-eruptive temperature-fO2 conditions in a shallow reservoir (100 MPa; ~3 km) for a melt with H2O content of 0.5 to 1 wt % as ~1097°C to 1106°C (± 30°C), and NNO + 0.5 (±1.1), respectively. Using these input parameters, we report Fe-Mg diffusion chronometry results for 234 normally zoned profiles from 81 olivine phenocrysts. Diffusion modelling of compositional profiles in oriented crystals indicates pre-eruptive magmatic residence times of 1 to 3 months. These remarkably short residence times in shallow reservoirs prior to eruption suggest very short periods of unrest may precede future eruptions.