Company: TDBCP
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001140361-25-007568
Chunk: 43

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-07
Form: 424B3
Chunk 43
---
IPs
    Regulation.

<div align='center'>PS-34</div>

### SUPPLEMENTAL DISCUSSION OF CANADIAN TAX CONSEQUENCES
An investor should read carefully the description of the principal Canadian federal income tax considerations relevant to a Non-resident Holder owning the notes under “Tax Consequences
    – Canadian Taxation” in the accompanying prospectus. The applicable term sheet may describe the principal Canadian federal income tax considerations relevant to a Non-resident Holder owning the notes which shall, to the extent so described or to the
    extent inconsistent with the accompanying prospectus, replace or modify the description in the accompanying prospectus.

<div align='center'>PS-35</div>

#### MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES

#### General
**The U.S. federal income tax consequences of an investment in the notes are uncertain. There are no statutory provisions,
    regulations, published rulings or judicial decisions addressing the characterization for U.S. federal income tax purposes of how certain securities such as the notes should be treated for U.S. federal income tax purposes and we do not plan to request a
    ruling from the IRS. The following is a general description of certain material U.S. federal income tax consequences of the ownership and disposition of the notes and does not purport to be a complete analysis of all tax considerations relating to the
    notes. The following discussion is based upon the Code, final, temporary and proposed Treasury regulations, rulings and decisions, in each case, as available and in effect as of the date of this document, all of which are subject to change, possibly
    with retroactive effect. Tax consequences under state, local and non-U.S. laws are not addressed herein. The applicable term sheet will contain a further discussion of the U.S. federal income tax consequences applicable to that offering of the notes,
    which may differ from the discussion herein. The discussion of the U.S. federal income tax consequences contained in the applicable term sheet supersedes the following to the extent it is inconsistent with this discussion. Prospective purchasers of the
    notes are urged to read the discussion below in connection with the discussion in the applicable term sheet relating to their notes and to consult their tax advisors as to the consequences under the tax laws of the country of which they are resident
    for tax purposes and the federal, state, and local tax laws of the U.S. of acquiring, holding and disposing of, and receiving payments under, the notes.

This discussion applies to you