I went to TO's MA, and had a positive experience there. But they work their MA students to the bone.
If you do epistemology, Patrick Rysiew at UVic is very good and you would likely have him all to yourself, which is important. However, Jennifer Nagel is teaching a grad class on epistemology next year at TO, and a letter from her would be more weighty IMHO. What lovephil says is true, but true of any 1 yr MA program: you have to impress the right people in 3 months in classes with PhD students in their 4th and 5th years -- its hard to shine in a classroom populated by genuine specialists.
As for mind/cognition, there's no real comparison b/w TO and elsewhere in Canada, besides UBC. Mohan Matthen is fantastic, as is Benj Hellie.