Company: TDBCP
Filing Date: 2025-09-16
Form Type: 424B2
Source: 0001193125-25-205043
Chunk: 87

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-16
Form: 424B2
Chunk 87
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 circumstances all or part of the amount so deemed to be a dividend may be treated as proceeds of disposition and not as a dividend.

Contingent Conversion of Series 33 Shares

A Contingent Conversion of Series 33 Shares into Common Shares after the date on which all the Series 33 Shares are delivered to holders of the
Notes in accordance with the terms of the Indenture and the Limited Recourse Trust Declaration will be deemed not to be a disposition of the Series 33 Shares and, accordingly, will not give rise to any income or loss. The cost to a Resident Holder
of Common Shares received on such a Contingent Conversion will be deemed to be an amount equal to the adjusted cost base to the Resident Holder of the converted Series 33 Shares immediately before such a Contingent Conversion. The cost of a Common
Share received on such a Contingent Conversion will generally be averaged with the adjusted cost base of all other Common Shares held by the Resident Holder as capital property immediately before such time for the purpose of determining thereafter
the adjusted cost base of each such share.

Taxation of Capital Gains and Capital Losses

One-half of the amount of any capital gain (a “taxable capital gain”) realized by a
Resident Holder in a taxation year will generally be included in the Resident Holder’s income for the year. Subject to and in accordance with the provisions of the Tax Act, a Resident Holder is required to deduct
one-half of the amount of any capital loss (an “allowable capital loss”) realized in a taxation year from taxable capital gains realized by the Resident Holder in the year. Any excess allowable
capital losses over taxable capital gains of the Resident Holder for that year may be carried back up to three taxation years or forward indefinitely and deducted against net taxable capital gains in those other years, subject to the detailed
provisions of the Tax Act.

Additional Refundable Tax

A Resident Holder that is throughout the year a “Canadian-controlled private corporation” or that is at any time in the year a
“substantive CCPC” (each as defined in the Tax Act) may be liable to pay a refundable tax on certain investment income including amounts in respect of interest, dividends received or deemed to be received that are not deductible in
computing income for a year and the amount of any taxable capital gains. Any such Resident Holder should consult with its own tax advisors in this regard.

Alternative Minimum Tax

Capital gains
realized and taxable dividends received by a Resident Holder who