Calderon notched 13 points, 10 assists and 10 rebounds while DeMar DeRozan netted 15 points for the Raptors, who barely avoided blowing their fourth double-digit lead of the young season.
Toronto missed 14-of-15 shots down the stretch and were clinging to a two-point lead with 22.9 seconds left when the Pacers had five chances to tie the game.
Hill -- who beat Toronto with a late basket in an Oct. 31 game -- led Indiana with 18 points.
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Aaron Carter is still in love with Hilary Duff