Toronto is facing a big problem. As access to opportunity is increasingly out of reach for too many that live here, the reputation of “Toronto the Good” is being compromised. Because of the concentration of poverty, declining job quality and rising income inequality, we are seeing that Toronto can be a city of opportunity, but only for some. This is cause for concern. In The Opportunity Equation, we present new findings that focus specifically on income inequality in Toronto and its effect on our access to opportunity, and argue that the opportunity equation— hard work plus access to opportunity leads to success—is under threat.