# EDGAR Filing Document

**Accession Number:** 0000947263
**File Stem:** 0001562762-25-000289
**Filing Date:** 2025-12
**Character Count:** 32192
**Document Hash:** 5547edf63202ea69e5e254e316ab017f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562762-25-000289.hdr.sgml**: 20251204

**ACCESSION NUMBER**: 0001562762-25-000289

**CONFORMED SUBMISSION TYPE**: 40-F

**PUBLIC DOCUMENT COUNT**: 236

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251204

**DATE AS OF CHANGE**: 20251204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TORONTO DOMINION BANK
- **CENTRAL INDEX KEY:** 0000947263
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 135640479
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 40-F
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-14446
- **FILM NUMBER:** 251550714

**BUSINESS ADDRESS:**
- **STREET 1:** 66 WELLINGTON STREET WEST
- **STREET 2:** 12TH FLOOR, TD TOWER
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M5K 1A2
- **BUSINESS PHONE:** 416-944-6367

**MAIL ADDRESS:**
- **STREET 1:** 66 WELLINGTON STREET WEST
- **STREET 2:** 12TH FLOOR, TD TOWER
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M5K 1A2

?xml version='1.0' encoding='ASCII'? 40f20251031

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

#### FORM

#### 40-F
[Check one]

☐

REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE

SECURITIES EXCHANGE ACT OF 1934

OR

☒

ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended

#### October 31, 2025
Commission File Number

#### 1-14446

#### THE

#### TORONTO-DOMINION BANK
(Exact name of Registrant as specified in its charter)

#### Canada
(Province or other jurisdiction of incorporation or organization)

#### 6029
(Primary Standard Industrial Classification Code Number (if applicable))

#### 13-5640479
(I.R.S. Employer Identification Number (if applicable))

#### c/o General Counsel's Office

#### P.O. Box 1

#### Toronto-Dominion Centre

#### Toronto

#### ,

#### Ontario

#### M5K 1A2

#### (#### 416

####)

#### 944-6367
(Address and telephone number of Registrant's principal executive offices)

#### Glenn Gibson

#### , The Toronto-Dominion Bank

#### One Vanderbilt Avenue

#### New York

#### ,

#### NY

#### 10017

#### (#### 212

####)

#### 827-7000
(Name, address (including zip code) and telephone number (including area code)

of agent for service in the United States)

Securities registered or to be registered pursuant to Section 12(b) of the Act.

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

#### Common Shares

#### TD

#### New York Stock Exchange
Securities registered or to be registered pursuant to Section 12(g) of the Act.

#### Not Applicable
(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.

(Title of Class)

For annual reports, indicate by check mark the information filed with this form:

☒

Annual information form

☒

Audited annual financial statements

Indicate the number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period

covered by the annual report.

Common Shares

1,689,495,505

Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 1

(Non-Viability Contingent Capital)

20,000,000

Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 16

(Non-Viability Contingent Capital)

14,000,000

Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 18

(Non-Viability Contingent Capital)

14,000,000

Class A First Preferred Shares, Series 26

1,750,000

(Non-Viability Contingent Capital)\*

Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 27

850,000

Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 28

800,000

Class A First Preferred Shares, Series 29

(Non-Viability Contingent Capital)\*

1,500,000

Class A First Preferred Shares, Series 30

(Non-Viability Contingent Capital)\*

1,750,000

Class A First Preferred Shares, Series 31

(Non-Viability Contingent Capital)\*

750,000

Class A First Preferred Shares, Series 32

(Non-Viability Contingent Capital)\*

750,000

Class A First Preferred Shares, Series 33

(Non-Viability Contingent Capital)\*

750,000

\*In connection with the issuance of: (i) Limited Recourse Capital Notes NVCC, Series 1, the Registrant issued CAD$1,750

million of Class A First Preferred Shares, Series 26 (Series 26 Preferred Shares) at a price of CAD$1,000 per Series 26

Preferred Share; (ii) Limited Recourse Capital Notes NVCC, Series 2, the Registrant issued CAD$1,500 million of Class A

First Preferred Shares, Series 29 (Series 29 Preferred Shares) at a price of CAD$1,000 per Series 29 Preferred Share; (iii)

Limited Recourse Capital Notes NVCC, Series 3, the Registrant issued USD$1,750 million of Class A First Preferred

Shares, Series 30 (Series 30 Preferred Shares) at a price of USD$1,000 per Series 30 Preferred Share; and (iv) Limited

Recourse Capital Notes NVCC, Series 4, the Registrant issued USD$750 million of Class A First Preferred Shares, Series

31 (Series 31 Preferred Shares) at a price of USD$1,000 per Series 31 Preferred Share. The Series 26 Preferred Shares,

Series 29 Preferred Shares, Series 30 Preferred Shares and Series 31 Preferred Shares were issued to a trust to be held as

limited recourse trust assets in connection with the Limited Recourse Capital Note structure. The Series 26 Preferred Shares,

Series 29 Preferred Shares, Series 30 Preferred Shares, Series 31 Preferred Shares, Series 32, and Series 33 are eliminated

on the Registrant's consolidated financial statements.

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act

during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject

to such filing requirements for the past 90 days.

Yes

☒

No

☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted

pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the

Registrant was required to submit such files).

Yes

☒

No

☐

Indicate by check mark whether the Registrant is an emerging growth company, as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company

☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the

registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards†

provided pursuant to Section 13(a) of the Exchange Act.

☐

† The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to

its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the Registrant has filed a report on and attestation to its management's assessment of the effectiveness

of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered

public accounting firm that prepared or issued its audit report.

☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the

registrant included in the filing reflect the correction of an error to previously issued financial statements.

☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based

compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

☐

*Auditor Name:*

Ernst & Young LLP

*Auditor Location:*

Toronto, Canada

*Auditor Firm ID:*

1263

#### Disclosure Controls and Procedures
The disclosure provided under the heading

*Accounting Standards and Policies – Controls and Procedures – Disclosure Controls and* 

*Procedures* 

included in Exhibit 99.2: Management's Discussion and Analysis is incorporated by reference herein.

#### Management's Annual Report on Internal Control Over Financial Reporting
The disclosure provided under the heading

*Accounting Standards and Policies – Controls and Procedures - Management's Report on* 

*Internal Control Over Financial Reporting* 

included in Exhibit 99.2: Management's Discussion and Analysis is incorporated by

reference herein.

#### Attestation Report of the Registered Public Accounting Firm
The disclosure provided under the heading

*Report of Independent Registered Public Accounting Firm To the Shareholders and the* 

*Board of Directors of The Toronto -Dominion Bank – Opinion on Internal Control over Financial Reporting* 

included in Exhibit 99.3:

2025 Annual Financial Statements is incorporated by reference herein.

#### Changes in Internal Control Over Financial Reporting
The disclosure provided under the heading

*Accounting Standards and Policies – Controls and Procedures - Changes in Internal* 

*Control Over Financial Reporting* 

included in Exhibit 99.2: Management's Discussion and Analysis is incorporated by reference

herein.

#### Audit Committee Financial Expert
The disclosure provided under the heading

*Directors and Executive Officers - Audit Committee* 

included in Exhibit 99.1: Annual

Information Form dated December 3, 2025 is incorporated by reference herein.

#### Code of Ethics
The Registrant has adopted the

*Code of Conduct and Ethics for Employees and Directors* 

(the "Code") as its code of ethics applicable

to all its employees and directors, including the Registrant's Group President and Chief Executive Officer, Group Head and Chief

Financial Officer, and Senior Vice President, Finance, Controller and Chief Accountant. The Registrant posts the Code on its website

at

www.td.com

and also undertakes to provide a copy of the Code to any person without charge upon request. Such request may be

made by mail, telephone or e-mail to:

The Toronto-Dominion Bank

TD Shareholder Relations

P.O. Box 1, Toronto-Dominion Centre

Toronto, Ontario, Canada M5K 1A2

Telephone: 1-866-756-8936

E-mail:

tdshinfo@td.com

On March 4, 2025, an amended version of the Code was filed with the SEC on Form 6-K and made available on the Registrant's

website.

The key amendments made to the Code at that time included: (a) Applying the Code, Step 4, Evaluate the options and make a

decision: Added the concept of considering the expectations of the general public when assessing a difficult decision; (b) 2.

Demonstrating Personal Integrity, A. Criminal Charges and Regulatory Investigations: The obligation for employees to provide notice

to TD of any criminal charges has been expanded to include notice of any adverse regulatory findings or disciplinary action; (c)

Applying the Code, 2. Demonstrating Personal Integrity, B. Gifts and Entertainment and F. Irregular Business Conduct, Bribery and

Corruption: Various amendments were made to clarify and emphasize the prohibition against accepting, offering or giving any form of

money or cash equivalents including stored value cards, gift cards, gift certificates, gift vouchers or coupons with a cash face value;

(d) 2. Demonstrating Personal Integrity, F Irregular Business Conduct, Anti-Competitive Behaviour: Amended to include a prohibition

against "recommending" the purchase or sale of a security based on material, non -public information about the relevant entity; and (e)

6. Work Environment, A. Appearance and Courtesy: Amendments were made prohibiting employees from wearing clothing or

accessories with partisan political slogans, statements or images that contribute to the perception that those views represent TD, which

brings the Code in line with the dress code obligations already found in core business policies.

No waivers from the provisions of the Code were granted in the fiscal year ended October 31, 2025 to the Registrant's Group

President and Chief Executive Officer, Group Head and Chief Financial Officer, and Senior Vice President, Finance, Controller and

Chief Accountant.

#### Principal Accountant Fees and Services
The disclosure regarding Audit Fees, Audit-Related Fees, Tax Fees and All Other Fees provided under the heading

*Directors and* 

*Executive Officers - Pre-Approval Policies and Shareholders' Auditor Service Fees* 

included in Exhibit 99.1: Annual Information

Form dated December 3, 2025 is incorporated by reference herein.

*Pre-Approval Policy for Audit and Non-Audit Services*

The disclosure provided under the heading

*Directors and Executive Officers - Pre-Approval Policies and Shareholders' Auditor* 

*Service Fees* 

included in Exhibit 99.1: Annual Information Form dated December 3, 2025 is incorporated by reference herein.

During the fiscal year ended October 31, 2025, the waiver of pre-approval provisions set forth in the applicable rules of the SEC were

not utilized for any services related to Audit-Related Fees, Tax Fees or All Other Fees and the Audit Committee did not approve any

such fees subject to the waiver of pre-approval provisions.

*Hours Expended on Audit Attributed to Persons Other than the Principal Accountant's Employees*

Not Applicable

#### Off-balance Sheet Arrangements
The disclosure provided under the heading

*Group Financial Condition – Securitization and Off-Balance Sheet Arrangements* 

included

in Exhibit 99.2: Management's Discussion and Analysis is incorporated by reference herein.

#### Contractual and Other Obligations
The disclosure provided in Table 58:

*Remaining Contractual Maturity*

included in Exhibit 99.2: Management's Discussion and

Analysis is incorporated by reference herein.

#### Identification of the Audit Committee
The disclosure provided under the heading

*Directors and Executive Officers - Audit Committee* 

included in Exhibit 99.1: Annual

Information Form dated December 3, 2025 identifying the Registrant's Audit Committee is incorporated by reference herein.

#### Mine Safety Disclosure
Not Applicable

#### Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.
Not Applicable

#### Recovery of Erroneously Awarded Compensation.
Not Applicable

#### Undertaking
Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission

staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered

pursuant to Form 40-F; the securities in relation to which the obligation to file an annual report on Form 40-F arises; or transactions in

said securities.

#### Comparison of New York Stock Exchange Corporate Governance Rules
A comparison of NYSE Corporate Governance Rules required to be followed by U.S. Domestic Issuers under the NYSE's listing

standards and the Corporate Governance practices of The Toronto -Dominion Bank (disclosure required by section 303A.11 of the

NYSE Listed Company Manual) is available on the Corporate Governance section of the Registrant's website at

https://www.td.com/ca/en/about -td/corporate-profile/corporate-governance

.

#### Disclosure Pursuant to Section 13(r) of the Securities Exchange Act of 1934
Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (Section 219), which added Section 13(r)

to the Securities Exchange Act of 1934, as amended, the Bank is required to disclose whether it or any of its affiliates have knowingly

engaged in certain specified activity related to Iran or with certain other persons that are the subject of U.S. sanctions laws. During the

fiscal year ending on October 31, 2025, the Bank identified three matters pursuant to Section 219.

The Bank identified a personal account opened in Canada with an initial deposit of CAD 3,000.00 for an individual designated by the

U.S. Department of the Treasury's Office of Foreign Assets Control pursuant to Executive Order 13224. The Bank froze the account

as well as filed a disclosure with the local competent authority pursuant to the Canadian Criminal Code, due to the identified

connection of the individual with a Canada-listed terrorist organization. No other transactions were conducted on the account.

The Bank identified a banking relationship with a separate individual designated by the U.S. Department of the Treasury's Office of

Foreign Assets Control pursuant to Executive Order 13224. The banking relationship consisted of a credit card account that had been

closed earlier in the fiscal year and an inactive personal account held in Canada. The Bank froze the personal account as well as filed

a disclosure with the local competent authority pursuant to the Canadian Criminal Code, due to the identified connection of the

individual with a Canada-listed terrorist organization. No other transactions were conducted via the account.

The Bank identified a banking relationship with an individual designated by the U.S. Department of the Treasury's Office of Foreign

Assets Control as subject to secondary sanctions pursuant to Executive Order 13902. This individual was designated due to acting as

a facilitator of financial activities on behalf of the Iranian government. The banking relationship consisted of two personal accounts

held in Canada, both with minimal activity. The Bank ended its relationship with this individual.

The Bank's gross revenue and net profit attributable to these three relationships was de minimis and not material to the Bank's

business. The Bank does not intend to engage in further activity with respect to these relationships.

#### Signatures
Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F

and has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly authorized.

Registrant:

THE TORONTO-DOMINION BANK

By:

*/s/ Kelvin Tran* 

Name:

Kelvin Tran

Title:

Group Head and Chief Financial Officer

Date:

December 4, 2025

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 40-F

ANNUAL REPORT PURSUANT TO

SECTION 13(a) or 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

________________________________

THE TORONTO-DOMINION BANK

________________________________

EXHIBITS

________________________________

INDEX TO EXHIBITS

#### No.

#### Exhibits

[Incentive Compensation Clawback Policy Incentive Compensation Clawback Policy (incorporated by reference to Exhibit 97 to the Form](http://www.sec.gov/Archives/edgar/data/947263/000119312523286395/d553441dex97.htm)

[40-F filed with the SEC on December 6, 2024)](http://www.sec.gov/Archives/edgar/data/947263/000119312523286395/d553441dex97.htm)

99.1 [Annual Information Form dated December 3, 2025](ex991.htm)

99.2 [2025 Management's Discussion and Analysis](ex992.htm)

99.3 [2025 Annual Financial Statements](ex993.htm)

99.4 [Industry Guide 3 – Return on Assets and Equity to Assets Ratios](ex994.htm)

99.5 [Code of Ethics (incorporated by reference to Exhibit 99.1 to the Form 6-K filed with the SEC on March 4, 2025)](http://www.sec.gov/Archives/edgar/data/947263/000127956925000225/ex991.htm)

99.6 [Consent of Independent Registered Public Accounting Firm](ex996.htm)

99.7 [Certification Pursuant to Section 302 of the U.S. Sarbanes-Oxley Act of 2002](ex997.htm)

99.8 [Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the U.S. Sarbanes-Oxley Act of 2002](ex998.htm)

The following financial information from The Toronto-Dominion Bank's Annual Report on Form 40-F for the year ended October 31,

2025 formatted in Inline XBRL: (i) Consolidated Balance Sheet as at October 31, 2025 and 2024; (ii) Consolidated Statements of Income,

Comprehensive Income, Changes in Equity, and Cash Flows for each of the two years ended October 31, 2025; and (iii) Notes to

Consolidated Financial Statements.

Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

## Exhibit 99.4

#### RETURN ON ASSETS, AND EQUITY TO ASSETS RATIOS

#### 1,2
*For the three months ended* 

*For the year ended* 

#### October 31
July 31

April 30

January 31

October 31

October 31

#### 2025
2025

2025

2025

2024

2023

Return on Assets - reported

3,4

0.58 #### %
0.61 %

2.08 %

0.52 %

0.95 0.42 %

0.52 %

Return on Assets - adjusted

4,5

0.70 0.71 0.65 0.68 0.69 0.70 0.75 Equity to Asset Ratio

4,6

6.0 5.9 5.8 5.7 5.9 5.7 5.9 1

Calculated pursuant to the U.S. Securities and Exchange Commission Industry Guide 3.

The Bank prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), the current generally accepted accounting principles

(GAAP), and refers to results prepared in accordance with IFRS as the "reported" results. The Bank also utilizes non-GAAP financial measures such as "adjusted" results (i.e. reported

results excluding "items of note") and non-GAAP ratios to assess each of its businesses and measure overall Bank performance. The Bank believes that non-GAAP financial measures

and non-GAAP ratios provide the reader with a better understanding of how management views the Bank's performance. Non-GAAP financial measures and ratios used in this

presentation are not defined terms under IFRS and, therefore, may not be comparable to similar terms used by other issuers. Refer to the "Significant Events" or "Financial Results

Overview" section in the Bank's 2025 MD&A (available at www.td.com/investor and www.sedar.com), which is incorporated by reference, for further explanation, reported basis results, a

list of the items of note, and a reconciliation of adjusted to reported results.

Calculated as reported net income available to common shareholders divided by average total assets.

For the year ended October 31, 2023, certain amounts in the calculation of these ratios have been restated for the adoption of IFRS 17,

*Insurance Contracts (IFRS 17).*

Calculated as adjusted net income available to common shareholders divided by average total assets.

Calculated as average total equity divided by average total assets.

## Exhibit 99.6

Exhibit 99.6

#### Consent of Independent Registered Public Accounting Firm
We consent to the reference to our Firm under the caption "Experts", which appears in the Annual

Information Form in Exhibit 99.1, and to the use in this Annual Report on Form 40-F of our reports dated

December 3, 2025, with respect to the consolidated balance sheets of The Toronto -Dominion Bank (the

"Bank") as of October 31, 2025 and 2024, and the consolidated statements of income, comprehensive

income, changes in equity and cash flows for the two-year period ended October 31, 2025, and the

effectiveness of internal control over financial reporting of the Bank as of October 31, 2025.

We also consent to the incorporation by reference of our reports dated December 3, 2025 in the following

Registration Statements of the Bank:

1)

Registration Statement (Form F-3 No. 333-283969),

2)

Registration Statement (Form S-8 No. 333-101026)

3)

Registration Statement (Form S-8 No. 333-116159),

4)

Registration Statement (Form S-8 No. 333-120815),

5)

Registration Statement (Form S-8 No. 333-142253),

6)

Registration Statement (Form S-8 No. 333-150000),

7)

Registration Statement (Form S-8 No. 333-167234),

8)

Registration Statement (Form S-8 No. 333-169721),

9)

Registration Statement (Form S-8 No. 333-263318), and

10)

Registration Statement (Form S-8 No. 333-275850).

#### /s/Ernst & Young LLP
Chartered Professional Accountants

Licensed Public Accountants

Toronto, Canada

December 4, 2025

## Exhibit 99.7

Exhibit 99.7

#### Certification Pursuant to Section 302 of the U.S. Sarbanes-Oxley Act of 2002
I, Raymond Chun, certify that:

1. I have reviewed this annual report on Form 40-F of The Toronto -Dominion Bank (the "issuer");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact

necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading

with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all

material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in

this report;

4. The issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as

defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act

Rules 13a-15(f) and 15d-15(f)) for the issuer and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under

our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made

known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be

designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the

preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

Evaluated the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions

about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on

such evaluation; and

d)

Disclosed in this report any change in the issuer's internal control over financial reporting that occurred during the period

covered by the annual report that has materially affected, or is reasonably likely to materially affect, the issuer's internal

control over financial reporting; and

5. The issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial

reporting, to the issuer's auditors and the audit committee of the issuer's board of directors (or persons performing the equivalent

functions):

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting

which are reasonably likely to adversely affect the issuer's ability to record, process, summarize and report financial

information; and

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's

internal control over financial reporting.

Date:

December 4, 2025

*/s/ Raymond Chun* 

Raymond Chun

Group President and Chief Executive Officer

I, Kelvin Tran, certify that:

1. I have reviewed this annual report on Form 40-F of The Toronto -Dominion Bank (the "issuer");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact

necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading

with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all

material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in

this report;

4. The issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as

defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act

Rules 13a-15(f) and 15d-15(f)) for the issuer and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under

our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made

known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be

designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the

preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

Evaluated the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions

about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on

such evaluation; and

d)

Disclosed in this report any change in the issuer's internal control over financial reporting that occurred during the period

covered by the annual report that has materially affected, or is reasonably likely to materially affect, the issuer's internal

control over financial reporting; and

5. The issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial

reporting, to the issuer's auditors and the audit committee of the issuer's board of directors (or persons performing the equivalent

functions):

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting

which are reasonably likely to adversely affect the issuer's ability to record, process, summarize and report financial

information; and

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's

internal control over financial reporting.

Date:

December 4, 2025

*/s/ Kelvin Tran* 

Kelvin Tran

Group Head and Chief Financial Officer

## Exhibit 99.8

Exhibit 99.8

#### Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to

#### Section 906 of the U.S. Sarbanes-Oxley Act of 2002
In connection with the Annual Report of The Toronto -Dominion Bank (the "Bank") on Form 40-F for the year ended October 31,

2025 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Raymond Chun, Group President and

Chief Executive Officer of the Bank, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley

Act of 2002 that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations

of the Bank.

Date:

December 4, 2025

*/s/ Raymond Chun* 

Raymond Chun

Group President and Chief Executive Officer

#### Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to

#### Section 906 of the U.S. Sarbanes-Oxley Act of 2002
In connection with the Annual Report of The Toronto -Dominion Bank (the "Bank") on Form 40-F for the year ended October 31,

2025 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Kelvin Tran, Group Head and Chief

Financial Officer of the Bank, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes -Oxley Act of

2002 that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations

of the Bank.

Date:

December 4, 2025

*/s/ Kelvin Tran* 

Kelvin Tran

Group Head and Chief Financial Officer