Day Trips to Niagara Falls from Toronto See Niagara Falls Not without reason, Niagara Falls is one of the three most beautiful and famous waterfalls in the world. More than 15 million tourists visit it annually. It is located on the border between Canada and the USA and consists of three parts: horseshoe (Canadian waterfall), veil and American waterfall. The most beautiful part of the waterfall - the horseshoe (its width is about 800 meters) - is located on Canadian territory, attracting more than 15 million tourists annually.