The town is named after the first chairman of that company, William McMaster.
In 1885, he moved to Toronto to take a position at the Toronto Baptist College (created in 1881 through funding provided by William McMaster).
William Shakespeare | William Laud | William Blake | William | William III of England | William Morris | William McKinley | McMaster University | William Howard Taft | William Ewart Gladstone | William the Conqueror | William S. Burroughs | William Shatner | William Faulkner | William Randolph Hearst | William Wordsworth | William Tecumseh Sherman | William Hogarth | Prince William, Duke of Cambridge | William Penn | William Jennings Bryan | William Gibson | William Wilberforce | William James | William Makepeace Thackeray | Fort William | William Hanna | William Hague | William III | William Hurt |
These included Senator John Macdonald's Oaklands, the Eaton family's Ardwold, Samuel Nordheimer's Glenedyth, James Austin's Spadina, William McMaster's Rathnelly, and most prominently Henry Pellatt's Casa Loma.