Preheat the oven to 325 degrees F. Prepare two 8" round cake pans with non-stick spray, parchment and another coat of spray. Set aside.
In a medium size bowl, sift the cake flour, baking powder, and salt. Set aside.
In the bowl of a stand mixer, fitted with the paddle attachment, beat the butter, canola oil, and sugar on high until fluffy and smooth, about 5 minutes.
Add the eggs and egg yolks, one at a time to the bowl and beat on medium until well incorporated.
Turn the mixer on low and add 1/3 of the flour mixture to the butter mixture and mix until fully incorporated. Then add half of the sour cream and blend well, followed by another 1/3 of the flour mixture, the second half of the sour cream and lastly, add the remaining flour mixture and mix until incorporated.
Add the clear vanilla extract and butter extract and beat on low until incorporated. Scrape down the sides of the bowl and mix on low for another 30 seconds.
Evenly distribute the cake batter among the two pans (about 25 to 28 ounces in each) and bake for 40-45 minutes or until a toothpick inserted into the middle of the cakes comes out clean or with just a few crumbs. Make sure not to over bake.
Remove cakes from the oven and let cool in pans for 10 minutes before inverting onto cooling racks.
Once completely cooled, wrap in plastic wrap and place in the freezer or refrigerator to chill before frosting.