Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 84

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 84
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 all other “Canadian securities” of
the Resident Holder, as defined in the Tax Act, treated as capital property by making the irrevocable election permitted by subsection 39(4) of the Tax Act. Resident Holders should consult their own tax advisors in this regard.

This portion of the summary is not applicable to a Resident Holder (i) that is a “financial institution” as defined in the
Tax Act for purposes of the mark-to-market rules; (ii) an interest in which is or would constitute a “tax shelter investment” as defined in the Tax Act;
(iii) that reports its “Canadian tax results”, as defined in the Tax Act, in a currency other than Canadian currency; or (iv) that has entered into, with respect to the Notes, Series 33 Shares or Common Shares, a
“derivative forward arrangement” as defined in the Tax Act. Such Resident Holders should consult their own tax advisors. Furthermore, this portion of the summary is not applicable to a Resident Holder that is a “specified financial
institution” (as defined in the Tax Act) that receives (or is deemed to receive) dividends in respect of Series 33 Shares acquired on a Recourse Event, or in respect of Common Shares acquired on a Recourse Event that is a Trigger Event or on a
Contingent Conversion. Such Resident Holders should consult their own tax advisors.

Notes

Interest

A
Resident Holder that is a corporation, partnership, unit trust or any trust of which a corporation or partnership is a beneficiary will be required to include in computing its income for a taxation year any interest on the Notes that accrues (or is
deemed to accrue) to it to the end of the particular taxation year and any amounts received or receivable as, on account of, in lieu of payment of or in satisfaction of, interest on Notes by the Resident Holder before the end of that taxation year,
except to the extent that such interest was included in computing the Resident Holder’s income for a preceding taxation year.

Any
other Resident Holder, including an individual (other than a trust described in the immediately preceding paragraph), will be required to include in income for a taxation year all amounts received or receivable as, on account of, in lieu of payment
of or in satisfaction of, interest on Notes by such Resident Holder in that taxation year (depending upon the method regularly followed by the Resident Holder in computing income), except to the extent that the interest was included in the Resident
Holder