Company: TDBCP
Filing Date: 2025-10-24
Form Type: 424B2
Source: 0001140361-25-039273
Chunk: 32

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-24
Form: 424B2
Chunk 32
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 an estate or trust. The 3.8% Medicare tax is determined in a different manner than the regular income tax. U.S. holders should
    consult their tax advisors as to the consequences of the 3.8% Medicare tax.**

P-25

**Specified Foreign Financial Assets. Certain U.S. holders that own “specified foreign financial assets” in excess of an
    applicable threshold may be subject to reporting obligations with respect to such assets with their tax returns, especially if such assets are held outside the custody of a U.S. financial institution. U.S. holders are urged to consult their tax
    advisors as to the application of this legislation to their ownership of the Notes.

Backup Withholding and Information Reporting. The proceeds received from a taxable disposition of the Notes will be subject
    to information reporting unless you are an “exempt recipient” and may also be subject to backup withholding at the rate specified in the Code if you fail to provide certain identifying information (such as an accurate taxpayer number, if you are a U.S.
    holder) or meet certain other conditions.

Non-U.S. Holders. If you are a non-U.S. holder, subject to Section 871(m) of the Code and FATCA, as discussed below, you
    should generally not be subject to U.S. withholding tax with respect to payments on your Notes or to generally applicable information reporting and backup withholding requirements with respect to payments on your Notes if you comply with certain
    certification and identification requirements as to your non-U.S. status including providing us (and/or the applicable withholding agent) a properly executed and fully completed applicable IRS Form W-8. Subject to Section 871(m) of the Code, as
    discussed below, gain realized from the taxable disposition of the Notes generally should not be subject to U.S. tax unless (i) such gain is effectively connected with a trade or business conducted by you in the U.S., (ii) you are a non-resident alien
    individual and are present in the U.S. for 183 days or more during the taxable year of such taxable disposition and certain other conditions are satisfied or (iii) you have certain other present or former connections with the U.S.

Section 871(m). A 30% withholding tax (which may be reduced by an applicable income tax treaty) is imposed under Section
    871(m) of the Code on certain “dividend equivalents” paid or deemed paid to a non-U.S. holder with respect