The 2016 NXT TakeOver: Toronto was the 12th NXT TakeOver and inaugural TakeOver: Toronto professional wrestling livestreaming event produced by WWE. It was held exclusively for wrestlers from the promotion's NXT brand division. The event aired exclusively on the WWE Network and took place on November 19, 2016, at the Air Canada Centre in Toronto, Ontario, Canada as part of that year's Survivor Series weekend. It was the second NXT TakeOver held outside of the United States, after TakeOver: London in December 2015.

The NXT Championship is a men's professional wrestling championship created and promoted by the American promotion WWE. It is defended as the top men's championship of NXT, the promotion's developmental brand. The current champion is Trick Williams, who is in his first reign. He won the title by defeating Ilja Dragunov on Night 1 of NXT: Spring Breakin' on April 23, 2024; had Williams lost, he would have had to leave NXT.