| Team: | Toronto Argonauts |
| Year: | 1940 |
| Record: | 4–2 |
| Division Place: | 2nd, IRFU |
| Coach: | Lew Hayman[1] |
| Stadium: | Varsity Stadium[2] |
| Playoffs: | Lost IRFU Final |
| Shortnavlink: | Argonauts seasons |
The 1940 Toronto Argonauts season was the 54th season for the team since the franchise's inception in 1873. The team finished in second place in the Interprovincial Rugby Football Union with a 4–2 record and qualified for the playoffs, but lost the two-game total-points IRFU Final series to the Ottawa Rough Riders.
| Game | Date | Opponent | Result | Record | Venue | Attendance | |
| A | September 28 | vs. Toronto Balmy Beach | L 3–12 | 0–1 | Varsity Stadium | 9,113 |
|---|
| Ottawa Rough Riders | 6 | 5 | 1 | 0 | 116 | 40 | 10 | |
| Toronto Argonauts | 6 | 4 | 2 | 0 | 58 | 79 | 8 | |
| 6 | 2 | 4 | 0 | 45 | 73 | 4 | ||
| 6 | 1 | 5 | 0 | 39 | 66 | 2 |
| Week | Date | Opponent | Final score | Record | |
| 1 | Oct 5 | at Montreal Football Club | W 9–8 | 1–0 | |
|---|---|---|---|---|---|
| 2 | Oct 12 | vs. Hamilton Tigers | W 17–5 | 2–0 | |
| 3 | Oct 19 | at Ottawa Rough Riders | L 6–41 | 2–1 | |
| 4 | Oct 26 | vs. Ottawa Rough Riders | W 11–9 | 3–1 | |
| 5 | Nov 2 | at Hamilton Tigers | L 0–5 | 3–2 | |
| 6 | Nov 9 | vs. Montreal Football Club | W 15–11 | 4–2 |
| Game | Date | Opponent | Result | Venue | |
| IRFU Final Game 1 | Nov 16 | at Ottawa Rough Riders | L 1–12 | Lansdowne Park | |
|---|---|---|---|---|---|
| IRFU Final Game 2 | Nov 23 | vs. Ottawa Rough Riders | L 1–8 | Varsity Stadium |