Municipal elections were held in Toronto, Ontario, Canada, on January 1, 1941. Frederick J. Conboy was elected mayor.
Toronto mayor
The mayoralty was open following the retirement of Ralph Day. Two members of the Board of Control sought the seat, Frederick J. Conboy and Douglas McNish with Conboy winning by a significant margin.
There were two open seats on the Board of Control as Conboy and McNish chose to run for mayor. These were won by former alderman and mayoral candidate Lewis Duncan and alderman Robert Hood Saunders. Finishing a close fifth was alderwoman Adelaide Plumptre, who was running to be the first woman elected to the Board. Aldermen Ernest Bray and David A. Balfour also ran for the Board, but finished some distance back.