How much is a 2026 Model Y in Ontario?

$54,761 to drive away for the Rear-Wheel Drive, from a $49,990 sticker.

What does it cost a month?

A $836 loan payment, about $1,228 a month with insurance, fuel and upkeep ($5,000 down); about $1,219 a month all in, after resale.

The brand doesn't publish a towing capacity.

2026 Tesla Model Y: real cost in Ontario

See the Model Y on Tesla's site ↗Prices read 2026-11-04

Photo: © M 93, CC BY-SA 3.0 de

Cheapest trim, Rear-Wheel Drive · Toronto · age 35–59 · 6 years · 18,000 km a yearChange

Sticker$49,990the advertised price

Drive away$54,761with fees and HST

Loan payment$836/mo72-month loan at 6.5%, $5,000 down

True cost$1,219/moeverything, after resale

Car, fees and HST $54,761Insurance $19,862Charging $2,590Interest and lost return $21,766Maintenance and plates $5,773

$54,761 to drive away + $49,992 to run it for 6 years − $17,016 back at resale = $87,737, or $1,219 a month.

Where the money goes

Drive away$54,761

Running it, 6 yrs+$49,992

Back at resale−$17,016

Sticker pricethe advertised MSRP

+$49,990

Feesfreight $2,500 · dealer $250 (typical) · levies $146

+$2,896

HST, 13%Ontario

+$6,875

Federal EV rebateif eligible

−$5,000

Insuranceestimate, age 35–59, Toronto

+$19,862

Lost return on your money5% a year on the down payment and each payment

+$11,301

Loan interest6.5% over 72 months

+$10,466

Maintenanceestimate

+$5,682

Charging18,000 km a year at 15.4 kWh/100 km, home charging at $0.16/kWh

+$2,590

Registration and plates6 years in Ontario

+$91

Resale after 6 years34% of MSRP, you get this back

−$17,016

True cost $87,737 ÷ 72 months$1,219 a month

The car

Size and space

BodySUV

Seats5

CargoNot published

Engine and fuel

Engine295–510 hp electric, RWD, AWD

0–100 km/h3.9–5.6 sour estimate from power and weight

Energy use15.4–19.2 kWh/100 kmNatural Resources Canada

Range463 kmabout 324 in winter

TowingNot published

Tires18", 19" or 21"by trim

Safety and cover

US crash test✓ 5 of 5 starsNHTSA · see the test ↗

European crash test5 of 5 stars ↗Euro NCAP 2025, European version

Highway assistSupervised self-drivinghighways and city streets · Full Self-Driving (Supervised), $99/mo

Insurance claimsWell above averagecollision 224 · theft 120 · injury 159 (100 = avg)

Resale at 6 years34% of MSRPthis model's own record · how it compares

Every trim

All trims: 5 seats.


Rear-Wheel Drive	$49,990	$54,761	$87,737	✓ $1,219/mo	15.4 kWh/100 km
Premium All-Wheel Drive	$64,990	$76,711	$116,314	$1,615/mo	17.3 kWh/100 km
Performance All-Wheel Drive	$74,990	$88,011	$132,806	$1,845/mo	19.2 kWh/100 km

Sort by

Rear-Wheel Drive

✓ $1,219/mo

True cost

Sticker $49,990Drive-away $54,7616 yrs $87,737Fuel use 15.4 kWh/100 km

Premium All-Wheel Drive

$1,615/mo

True cost

Sticker $64,990Drive-away $76,7116 yrs $116,314Fuel use 17.3 kWh/100 km

Performance All-Wheel Drive

$1,845/mo

True cost

Sticker $74,990Drive-away $88,0116 yrs $132,806Fuel use 19.2 kWh/100 km

Features, trim by trim

Cheapest on the left. Each bar starts at the trim that adds it.

Feature

Premium All-Wheel Drive$64,990

Performance All-Wheel Drive$74,990

Safety and driver assist

Automatic braking

✓ Every trim

Adaptive cruise

✓ Every trim

Lane centering

+ An option on every trim

Hands-free driving

+ An option on every trim

Parking sensors

✓ Every trim

Tech and audio

Built-in navigation

✓ Every trim

Capability and looks

AWD or 4WD

✓ Every trim

Tow hitch included

+ Option

✓ from Performance All-Wheel Drive

LED headlights

✓ Every trim

Tesla lists only a few items for this model, so features not shown above may still be fitted; check with the dealer.

Full standard equipment on the Premium All-Wheel Drive (8 items)

Traffic-Aware Cruise Control
1 mo Premium Connectivity Trial
1 mo Full Self-Driving (Supervised) Trial
19'' Crossflow Wheels
All Black Premium Interior
Five Seat Layout
Full Self-Driving (Supervised): monthly subscription $99/mo after a 1 month included with a new vehicle
Tow Hitch ($1,300)

Recalls in Canada

5 Transport Canada recalls for 2024 to 2026 Model Y models. Most are fixed free by a dealer; a new car should have them done before delivery. Ask the dealer to check the VIN.

Label2025, 2026 · 602 vehicles

On certain vehicles, the compliance label located on the B-pillar may not have been installed.Recall 2026239 at Transport Canada ↗

Lights and instruments2026 · 3 vehicles

On a small number of vehicles, a problem with the reverse lamp wiring could cause them not to work.Recall 2025526 at Transport Canada ↗

Visual system2024, 2025 · 24,733 vehicles

On certain vehicles, a software problem could cause the computer circuit board to short circuit.Recall 2025002 at Transport Canada ↗

Electrical2024 · 179,752 vehicles

On certain vehicles, the hood latch assembly could fail and cause the unlatched hood warning not to display on the instrument panel.Recall 2024427 at Transport Canada ↗

Lights and instruments2024 · 109,791 vehicles

A previous over-the-air (OTA) software update could cause the vehicle not to display the correct visual warning indicators when there are problems with the brake system or when the parking brake is applied.Recall 2024283 at Transport Canada ↗

Quick answers

How much is a 2026 Model Y in Ontario?: $54,761 to drive away for the Rear-Wheel Drive, from a $49,990 sticker.
What does it cost a month?: A $836 loan payment, about $1,228 a month with insurance, fuel and upkeep ($5,000 down); about $1,219 a month all in, after resale.
How much can it tow?: The brand doesn't publish a towing capacity.