In this paper, we transform a modified Leslie–Gower predator–prey system into the corresponding fast–slow version by assuming that prey reproduces much faster than predator, and then perform a complete analysis about its dynamics. More specifically, we find the necessary and sufficient conditions of the exact number (zero, one or two) of positive equilibria of the slow–fast system and its (or their) location, and then we further fully determine its (or their) dynamics under explicit conditions. Besides, by converting the slow–fast system into its slow–fast normal form, we are able to characterize its rich dynamics completely, including relaxation oscillation, singular Hopf bifurcation, canard explosion, homoclinic orbits, heteroclinic orbits and global attraction of equilibrium. Moreover, the sufficient conditions to guarantee these various rich dynamics are explicitly given, including the explicit conditions to determine whether singular Hopf bifurcation is supercritical or subcritical, which generally cannot be explicitly derived in the existing literatures. Additionally, the cyclicity of diverse canard cycles is found under explicit conditions. Of particular interest is that we show the existence and uniqueness of one canard cycle without head whose cyclicity is at most two under explicit parameters conditions. Our results complement and enrich the previous work (relaxation oscillation, and global attraction of a boundary equilibrium) about this fast–slow system. We also employ numerical simulations to illustrate our theoretical analysis.