In 1968, Swami Ranganathanadaji inaugurated the society. In Swami's own words in the Silver Jubilee souvenir of the society "I well remember Swami Bhasyananda's efforts to start a Vedanta Society in Toronto and my inauguration of the same in November 1968, in his company and in the company of a good number of devotees, in the course of my one year and a half long lecture tour of North and South America, in 1968-69."
The society was officially inaugurated on November 30, 1968. The ceremony took place at the YWCA building on 21 McGill Street. It was presided over by Swami Bhasyananda and the chief guest was Swami Ranganathananda.