The Magic erased a 13-point, fourth-quarter deficit, aided by Dwight Howard's double-double of 19 points and 15 rebounds.
Ryan Anderson helped Orlando notch its fourth straight win with a team-high 24 points.
Andrea Bargnani led the Raptors with 28 points and seven rebounds.
Jose Calderon chipped in with 18 points and 13 assists for Toronto.
2014: The Year in Music [PHOTOS]