Company: TDBCP
Filing Date: 2025-09-12
Form Type: 424B5
Source: 0001193125-25-201820
Chunk: 83

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-12
Form: 424B5
Chunk 83
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of (the “Tax Proposals”), and assumes that all Tax Proposals will be enacted in the form
proposed. However, no assurances can be given that the Tax Proposals will be enacted as proposed, or at all. This summary does not otherwise take into account or anticipate any changes in law or administrative or assessing practice, whether by
legislative, regulatory, administrative or judicial action, nor does it take into account any other federal tax consequences or any provincial, territorial or foreign tax considerations which may differ from those discussed herein. This summary does
not address the Canadian federal income tax considerations of the disposition of Series 33 Shares or the acquisition, holding or disposition of Bank Securities in the event that the Bank (i) gives the right to the holder of Series 33 Shares to
convert such Series 33 Shares into a new series of Bank Securities and such right of conversion is exercised, or (ii) requires holders of Series 33 Shares to convert such Series 33 Shares into a new series of Bank Securities.

This summary assumes that no amount paid or payable in respect of (including in respect of the disposition of) the Notes, the Series 33 Shares
or the Common Shares 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 Tax Act.

This summary is of a general nature only and is not, and is not intended to be, legal or tax advice to any particular Holder and no representation with respect to the income tax consequences to any particular Holder is made. This summary is not exhaustive of all federal income tax considerations. Accordingly, prospective Holders should consult their own tax advisors with respect to their particular circumstances.

Generally, for purposes of the Tax Act, all amounts relating to the acquisition, holding or disposition of the Notes, Series 33 Shares and Common Shares must be determined in Canadian dollars in accordance with the Tax Act, including the amount of interest and dividends required to be included in the income of, and capital gains or capital losses realized by, a Holder.

Holders Resident in Canada

This portion of the summary is generally applicable to a Holder who, at all relevant times, for purposes of the Tax Act, is, or is deemed to
be, resident in Canada (a “Resident Holder”). Certain Resident Holders whose

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Notes, Series 33 Shares or Common Shares would not otherwise qualify as capital property may, in certain circumstances, be entitled to have them and