The Toronto Ferry Company was formed from the merger of the Doty Ferry Company with A.J. Tymon's Island Ferry Company, two of Toronto's early ferry operators to Toronto Islands in 1890. TFC was founded and headed by businessman Lol Solman, who owned several attractions on the Toronto Islands including Hanlan's Point Amusement Park, Hanlan's Point Stadium and the Hanlan's Hotel. The company's ferry license and ships as well as the amusement park and other assets were acquired by the Toronto Transportation Commission in 1927. On March 17, 2021, The Toronto Ferry Company Inc was registered under the Ontario Business Corporations Act to Michael A. McLaughlin.