The accident happened at around 4:30 p.m. this afternoon when the victim fell in "close proximity" to a fence line of a Petro Canada just west of Highway 48 in Baldwin, Ont., York Regional Police said.
Police said the man was conscious when he hit the ground and was talking to first responders before he began to fade in and out of consciousness.
The man was taken to Southlake Hospital in Newmarket, Ont., where he was later pronounced dead.
Police said the cause of the accident is still under investigation but it appears that the victim's parachute didn't deploy.
The man's next of kin has not yet been notified but police confirmed that he was a student at the nearby Parachute School of Toronto. The plane he jumped from took off from Baldwin Airport.