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Taxicabs in the Greater Toronto area can operate within the GTA, but are licensed in the municipality were the operations are based. Cabs are required to attach a metal plate with the license number in the back of their vehicles. There are a handful of companies licensed in York Region and Peel Region, but most operate out of Toronto.

The Toronto Licensing Commission is responsible for issuing taxi licenses in Toronto. The city also offers taxi and limousine training courses since the late 1990s to improve the quality of service offered by Toronto cabs.[1] Ambassador Taxicabs are cabs that are required to have higher standards than regular cabs and are available to current cab drivers with a special 40day training course.[2]

As of 2014, there are 4,849 registered taxicabs in Toronto, of which 1,313 hold Ambassador Licences. There are over 15,000 people employed in the taxicab industry and an estimated 65,000 trips occur daily, generating an estimated 1.5 million dollars each day. Ridership is expected to increase by 10% over the next 10 years and an additional 2.1 million fares by 2022.[3]

Limo cabs are allowed to drop off passengers at Toronto Pearson International Airport, but they cannot pick up fares without an additional permit. The Greater Toronto Airport Authority issues licenses and guidelines for cabs and limos at the airport.[4] Since 2007 the City of Toronto Act restricted nonToronto cabs from picking up fares in Toronto unless they are licensed to operate in the city.[5][6] Taxis & Limousine can be pre arranged at the Pearson airport with Child Carseats in advance. It is a little procedure one has to follow for prearrange reservations. Toronto Airport Limousines use flat rates issued by the Greater Toronto Airport Authorities.

Toronto has the highest amount of foreign born taxi drivers in the world. As of 2014, 96 percent of taxi drivers are immigrants,[7] a number higher than other large cities like New York City (82%), Dubai (90%), Chicago (62%), London (79%) or Miami (86%). The majority of taxi drivers in Toronto are of South Asian[8] or African descent.[citation needed] Many immigrant taxi drivers have university degrees (20% with undergraduate or master's degrees compared to 4% of Canadianborn drivers) or advanced skills, which has led to criticism of Canada's immigration system.[8]