Phil Tollestrup (born October 12, 1949) is a former Canadian basketball player and Olympian.

Among his accomplishments, he was the fourth overall scorer in the 1976 Summer Olympics (21.3 ppg),[1] where Canada competed for the bronze medal;[2][3][4] was drafted in the NBA by the Buffalo Braves in 1973;[5][6][7] was a First Team CIAU All-Canadian (1973);[8][9][10] was the University of Lethbridge's Male Athlete of the Year (1973);[9][11][12] and was a First Team Canada West All-Star.

[5][14][17] Tollestrup played well in these tournaments as well: in the 1974 World Championships, he was selected as a North / South American All-Star[15] and was Canada's third-leading scorer with 13.3 ppg.

[10][14][15] He then coached at the high school level in Milk River, Stirling and Magrath in Alberta, Canada.

[10][12][15] Additionally, the 1976 Canadian men's national team of which Tollestrup was a member[1] was inducted into the Canada Basketball Hall of Fame.