Company: TDBCP
Filing Date: 2025-08-11
Form Type: 424B2
Source: 0001140361-25-030111
Chunk: 26

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-11
Form: 424B2
Chunk 26
---
 writing by the CRA prior to the date hereof. This summary is not exhaustive of all possible Canadian federal income tax considerations relevant to an investment in the securities and, except for the Tax Proposals, does not take into account or anticipate any changes in law or CRA administrative policies or assessing practices, whether by way of legislative, governmental or judicial decision or action, nor does it take into account or consider any other federal tax considerations or any provincial, territorial or non-Canadian tax considerations, which may differ materially from those discussed herein. While this summary assumes that the Tax Proposals will be enacted in the form proposed, no assurance can be given that this will be the case, and no assurance can be given that judicial, legislative or administrative changes will not modify or change the statements below. This summary assumes that no amount paid or payable to a holder described herein will be the deduction component of a “hybrid mismatch arrangement” under which the payment arises within the meaning of paragraph 18.4(3)(b) of the Canadian Tax Act. The following is only a general summary of certain Canadian non-resident withholding and other tax provisions which may affect a Non-resident Holder of the securities described in this pricing supplement. This summary is not, and is not intended to be, and should not be construed to be, legal or tax advice to any particular Non-resident Holder and no representation with respect to the income tax consequences to any particular Non-resident Holder is made. Persons considering investing in securities should consult their own tax advisors with respect to the tax consequences of acquiring, holding and disposing of securities having regard to their own particular circumstances. Based in part on the published administrative position of the CRA, any amount in excess of the Principal Amount of a security paid or credited or deemed for purposes of the Canadian Tax Act to be paid or credited to a Non-resident Holder on the securities should not be subject to Canadian non-resident withholding tax. Should payments with respect to the securities become subject to such withholding tax, TD will withhold tax at the applicable statutory rate and will not make payments of any additional amounts. GENERALLY, THERE ARE NO OTHER CANADIAN TAXES ON INCOME (INCLUDING TAXABLE CAPITAL GAINS) PAYABLE BY A NON-RESIDENT HOLDER UNDER THE CANADIAN TAX ACT SOLELY AS A CONSEQUENCE OF THE ACQUISITION, OWNERSHIP OR DISPOSITION OF A NOTE.

P-24

| Material U.S. Federal Income Tax Consequences |

You should carefully review the section entitled “Material U.S