1. Scotiabank Caribbean Carnival

#1 Festival & Parade
Celebrating its 45th anniversary, this year's Scotiabank Caribbean Carnival expects to draw more than a million people to the parade, which caps off a three-week festival. Next: July 20-August 12, 2012
Celebrating its 45th anniversary, this year's Scotiabank Caribbean Carnival expects to draw more than a million people to the parade, which caps off a three-week festival. Next: July 20-August 12, 2012
Photo: Carla Warrilow/BizBash
2. Santa Claus Parade

#3 Festival & Parade
In 2011, the Santa Claus Parade debuted a new route for its 107th year to accommodate even more holiday revelers. Next: November 18, 2012
In 2011, the Santa Claus Parade debuted a new route for its 107th year to accommodate even more holiday revelers. Next: November 18, 2012
Photo: Courtesy of the Santa Claus Parade
3. Toronto Jazz Festival

#4 Festival & Parade
Some 1,500 musicians perform over the 10-day Toronto Jazz Festival on more than 60 stages in the Greater Toronto area. Next: June 2013
Some 1,500 musicians perform over the 10-day Toronto Jazz Festival on more than 60 stages in the Greater Toronto area. Next: June 2013
Photo: Bill King
4. Toronto Fringe Festival

#5 Festival & Parade
The city’s largest theatre festival, the Toronto Fringe Festival features more than 150 unjuried shows in venues that range from theatres to parking lots. Next: July 2013
The city’s largest theatre festival, the Toronto Fringe Festival features more than 150 unjuried shows in venues that range from theatres to parking lots. Next: July 2013
Photo: Jona Stuart/Courtesy of the Toronto Fringe
5. Taste of the Danforth

#6 Festival & Parade
Last year, Taste of the Danforth attracted a record 1.5 million people to Greektown for performances, entertainment, and, of course, food. Next: August 10-12, 2012
Last year, Taste of the Danforth attracted a record 1.5 million people to Greektown for performances, entertainment, and, of course, food. Next: August 10-12, 2012
Photo: Courtesy of Taste of the Danforth
6. Beaches International Jazz Festival

#7 Festival & Parade
Beaches International Jazz Festival takes over the East end of the city with some 100 musicians and crowds of as many as 850,000 people. Next: July 2013
Beaches International Jazz Festival takes over the East end of the city with some 100 musicians and crowds of as many as 850,000 people. Next: July 2013
Photo: Thomas J Maguire Photography
7. Cavalcade of Lights

#9 Festival & Parade
A 45-year tradition, Cavalcade of Lights will kick off the holiday season with a concert from Jarvis Church and Kellylee Evans, a skating party, and the lighting of the city Christmas tree. Next: November 17, 2012
A 45-year tradition, Cavalcade of Lights will kick off the holiday season with a concert from Jarvis Church and Kellylee Evans, a skating party, and the lighting of the city Christmas tree. Next: November 17, 2012
Photo: Courtesy of City of Toronto
8. Woofstock

#11 Festival & Parade (new to the list)
The largest festival for dogs and dog owners in North America, Woofstock attracts 300,000 guests and countless canines, and organizers are considering taking the event to the U.S. Next: June 8-9, 2013
The largest festival for dogs and dog owners in North America, Woofstock attracts 300,000 guests and countless canines, and organizers are considering taking the event to the U.S. Next: June 8-9, 2013
Photo: Sevenstock Photography