The 11th Toronto International Film Festival (TIFF) took place in Toronto, Ontario, Canada between September 4 and September 13, 1986.
The Decline of the American Empire by Denys Arcand was selected as the opening film. It won both the People's Choice and Best Canadian Film awards at the festival. It was the first film ever to win both prizes, and the first Canadian film ever to win People's Choice.
A new program introduced this year, which featured talks by filmmakers about their work.