Us millennials are in general, less afraid of credit card fraud and Uber hasn't given us any reason to change our minds. Uber is also less expensive than taxis, at least in Toronto. Prices are about 30% less for a private Uber X ride vs. a traditional taxi, and gratuities are included.

In Toronto, whether a taxi or an Uber is cheaper depends heavily on the time of day and the specific route. For many standard trips around the city, UberX often offers a lower base price than the city-regulated taxi fares. However, Uber utilizes "surge pricing" during peak hours, bad weather, or major events, which can cause rates to double or triple, making traditional taxis—which have a fixed meter rate—significantly more affordable. For trips to and from Toronto Pearson Airport (YYZ), licensed taxis and limousines offer "flat rates" based on the destination zone, providing price certainty that Uber cannot always match during high-demand periods. In 2026, many travelers use the Uber app itself to book an "Uber Taxi," which connects them with a professional taxi driver at the standard meter rate, combining the convenience of the app with the reliability of a taxi. Ultimately, for the best deal, it is wise to check the Uber price estimate and compare it to a standard taxi fare calculator before starting your journey in the GTA.