Setting Local Time for your Server
os.date() will format in local time. For windows you can configure local time in the control panel. For Linux a typical process might look like this. You can use the timedatectl command to list time zones and grep for your city:
timedatectl list-timezones | grep Toronto
Then set the time zone like so:
sudo timedatectl set-timezone America/Toronto
And confirm you have the right timezone set with this:
timedatectl
You will mostly likely need to restart your Iguana server to pick up the new local time.