Company: TDBCP
Filing Date: 2025-02-26
Form Type: F-3/A
Source: 0001193125-25-035964
Chunk: 99

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: F-3/A
Chunk 99
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) and the regulations promulgated thereunder (collectively, the “Canadian Tax Act”) generally applicable to a holder who acquires beneficial ownership of a debt security or a common share upon the initial issuance of the security by
the Bank pursuant to this prospectus and any applicable supplement, or a common share of the Bank or any affiliate of the Bank that is a corporation resident or deemed resident in Canada upon a bail-in
conversion of the debt security, and who, for the purposes of the Canadian Tax Act and at all relevant times, (i) is not (and is not deemed to be) resident in Canada, (ii) deals at arm’s length with and is not affiliated with the
Bank, any affiliate of the Bank, or any underwriter and any Canadian resident (or deemed Canadian resident) to whom the holder assigns or otherwise transfers the security, (iii) is entitled to receive all payments (including any interest,
principal and dividends, as applicable) made on the security as beneficial owner, (iv) is not, and deals at arm’s length with each person who is, a “specified shareholder” (within the meaning of subsection 18(5) of the Canadian
Tax Act) of the Bank or any affiliate of the Bank, (v) does not use or hold and is not deemed to use or hold the security in or in the course of carrying on a business in Canada, (vi) is not an insurer carrying on an insurance business in
Canada and elsewhere, and (vii) is

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not an entity in respect of which the Bank or any affiliate of the Bank is a “specified entity” (within the meaning of subsection 18.4(1) of the Canadian Tax Act) (a “Non-resident Holder”). A “specified shareholder” for these purposes generally includes a person who (either alone or together with persons with whom that person is not dealing at arm’s
length) owns or has the right to acquire or control 25% or more of the Bank’s shares determined on a votes or fair market value basis. This summary assumes that no amount paid or payable in respect of the securities (including in respect of any
disposition of the securities) 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.

This summary does not apply to securities described in this prospectus that are (i) debt securities that are subject to the