Company: TDBCP
Filing Date: 2025-07-08
Form Type: 424B2
Source: 0001140361-25-025211
Chunk: 36

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-08
Form: 424B2
Chunk 36
---
egislation commonly referred to as the Foreign Account Tax Compliance Act (“FATCA”) generally imposes a                                                                                                     
 withholding tax of 30% on payments to certain non-U.S. entities (including financial intermediaries) with respect to certain financial instruments, unless various U.S. information reporting and due diligence requirements have been          
 satisfied. An intergovernmental agreement between the U.S. and the non-U.S. entity’s jurisdiction may modify these requirements. This legislation generally applies to certain financial instruments that are treated as paying U.S.-source     
 interest or other U.S.-source “fixed or determinable annual or periodical” income (“FDAP income”). Withholding (if applicable) applies to payments of U.S.-source FDAP income but, pursuant to certain Treasury regulations and IRS guidance,   
 does not apply to payments of gross proceeds on the disposition (including upon retirement) of financial instruments. As the treatment of the securities is unclear, it is possible that any contingent quarterly coupon with respect to the    
 securities could be subject to the FATCA rules. If withholding applies to the securities, we will not be required to pay any additional amounts with respect to amounts withheld. Both U.S. and non-U.S. holders should consult their tax       
 advisors regarding the potential application of FATCA to the securities.                                                                                                                                                                        |
| Proposed Legislation.In 2007, legislation was introduced in Congress that, if it had been enacted, would have required holders of securities similar                                                                                            
 to the securities purchased after the bill was enacted to accrue interest income over the term of such securities despite the fact that there may be no interest payments over the term of such securities.                                     |
| Furthermore, in 2013, the House Ways and Means Committee released in draft form certain proposed legislation relating to financial instruments. If it had been enacted, the effect of this                                                      
 legislation generally would have been to require instruments such as the securities to be marked to market on an annual basis with all gains and losses to be treated as ordinary, subject to certain exceptions.                               |
| It is not possible to predict whether any similar or identical bills will be enacted in the future, or whether any such bill would affect the tax treatment of your securities. You are urged                                                   
 to consult your tax advisor regarding the possible changes in law and their possible impact on the tax treatment of your securities.                                                                                                            |
| Both U.S. and non-U.S. holders are urged to consult their tax advisors concerning the application of U.S. federal income tax laws to their particular situations, as