Supporters' Shield holders New York Red Bulls, on 6 March; he later also set up Marky Delgado's goal in added time. On 16 April, he scored the then-fastest goal in Toronto FC history at 57 seconds in a 1–0 away win over D.C. United, surpassing the previous record holder Reggie Lambe's by one minute and 50 seconds set in 2012. A week later, he scored both goals in a 2–0 win away to the Montreal Impact in the 401 Derby; with these goals, he equalled De Rosario as the club's all-time top scorer in the MLS with 28 goals in 40 appearances. Giovinco was named to the Team of the Week for his performances. On 7 May, Toronto's home opener, he set up rookie Tsubasa Endoh for his first ever MLS goal in a 1–0 win over FC Dallas, at the newly renovated BMO Field. On 14 May, Giovinco overtook De Rosario as the club's outright all-time top scorer in the MLS, scoring two goals and setting up another in a 4–3 home defeat to Canadian rivals Vancouver. On 29 June, Giovinco helped Toronto FC win the Canadian Championship over Vancouver 2–2 on aggregate, winning on away goals, as he scored the only goal in the first leg on 21 June. On 14 July, he won the 2016 Best MLS Player ESPY Award. In July 2016, Giovinco was included in the roster for the 2016 MLS All-Star Game. After an eight-game goal drought, Giovinco scored a hat-trick against D.C. United, on 23 July, in a 4–1 home win, also surpassing De Rosario's previous all-time record as Toronto FC's top scorer by two goals to 35 goals. With two goals from free kicks during the match, including his seventh in the MLS, he broke David Beckham's record for most goals from set-pieces in the league since 2010. He was named to the Team of the Week once again for his performances, and was also named MLS Player of the Week for the first time that season. On 27 August, Giovinco was brought off the field after the later diagnosis of strains in his quadriceps and adductor in the eventual 1–0 loss in the 401 Derby with Montreal at home; although he was initially expected to be sidelined for a month, the injury was more severe than expected, and he ended up missing seven weeks of play. He finally returned to action