The invention discloses a high-strength high-toughness polyvinyl chloride manhole cover and a preparation method thereof. The manhole cover is prepared from the following components in parts by weight:5-40 parts of PVC resin, 60-95 parts of ACR-g-VC resin, 2-8 parts of modifier, 2-5 parts of compound stabilizer, 0.5-2 parts of an internal lubricating agent, 0.5-1.2 parts of an external lubricatingagent, 0.1-1 part of optical stabilizer, 0.1-1 part of antioxidant and 1-80 parts of filler. The preparation method comprises the following steps: mixing the materials to obtain a polyvinyl chloridemixture; granulating in a twin-screw extruder, extruding and dicing with an extruder; and adding particles into an injection molding machine, performing injection molding to form the manhole cover. The manhole cover has the advantages of strong impact resistance, high tensile strength, good weather resistance, low temperature resistance and the like.