Company: TDBCP
Filing Date: 2025-04-17
Form Type: 424B3
Source: 0001193125-25-084359
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-17
Form: 424B3
Chunk 3
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 or (iv) a trust if it (x) is subject to the primary supervision of a court within the United States and one or more U.S. persons have the authority to control all substantial
decisions of the trust or (y) has a valid election in effect under applicable U.S. Treasury Regulations to be treated as a U.S. person.

If a partnership (or other entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds common shares, the tax
treatment of a partner will generally depend upon the status of the partner and the activities of the partnership. A partnership or a partner of a partnership holding common shares is urged to consult its own tax advisors.

This summary does not represent a detailed description of the U.S. federal income tax consequences to holders in light of their particular
circumstances and does not address U.S. federal estate and gift taxes or the effects of any state, local or non-U.S. tax laws. U.S. Holders should consult their own tax advisors concerning the particular U.S.
federal income tax consequences to them of participation in the Plan and the ownership and disposition of common shares acquired pursuant to the Plan, as well as any consequences arising under other U.S. federal tax laws and the laws of any other
taxing jurisdiction.

Participation in the Plan

A Participant who acquires common shares pursuant to the Plan that are issued from the Bank’s treasury will generally be treated for U.S.
federal income tax purposes as having received a distribution in an amount equal to the fair market value of the common shares on the Investment Date (or possibly the amount of cash that the Participant would have received if it had not elected to
participate in the Plan). A Participant who acquires common shares pursuant to the Plan that are purchased on the open market will generally be treated for U.S. federal income tax purposes as having received a distribution in an amount equal to the
purchase price of such common shares plus any brokerage fees or commissions, if any, paid by the Plan Agent to acquire common shares from third parties. In either case, the amount treated as a distribution for U.S. federal income tax purposes will
include any amounts withheld to reflect Canadian withholding taxes. A Participant’s initial tax basis in the common shares will be the amount treated as a distribution (as described above), and such distributions will be treated in the manner
described below under “—Ownership and Disposition of the Common Shares—Dividends.” A Participant’s holding period in