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IFRS 7 Disclosure (Tables) | 12 Months Ended
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Oct. 31, 2025
Statement [Line Items] |
Schedule of Probability of Default Risk Ranges | The following table maps PD ranges to risk levels: Risk assessment PD Segment PD Range Low Risk 1 0.00 to 0.15 % Normal Risk 2 0.16 to 0.41 3 0.42 to 1.10 Medium Risk 4 1.11 to 2.93 5 2.94 to 4.74 High Risk 6 4.75 to 7.59 7 7.60 to 18.24 8 18.25 to 99.99 Default 9 100.00
Schedule of BRR Scale Aligned to External Ratings | TD’s 21-point BRR scale broadly aligns to external ratings as follows: Description Rating Category Standard & Poor’s Moody’s Investor Services Investment grade 0 to 1C AAA to AA- Aaa to Aa3 2A to 2C A+ to A- A1 to A3 3A to 3C BBB+ to BBB- Baa1 to Baa3 Non-investment grade 4A to 4C BB+ to BB- Ba1 to Ba3 5A to 5C B+ to B- B1 to B3 Watch and classified 6 to 8 CCC+ to CC and below Caa1 to Ca and below Impaired/default 9A to 9B Default Default
Portfolio Market Risk Measures | The following table presents the end of year, average, high, and low usage of TD’s portfolio metrics. TABLE 44: PORTFOLIO MARKET RISK MEASURES (millions of Canadian dollars) 2025 2024 As at Average High Low As at Average High Low Interest rate risk $ 10.3 $ 10.5 $ 21.1 $ 1.6 $ 8.4 $ 16.8 $ 27.7 $ 5.1 Credit spread risk 15.8 19.3 27.4 13.7 25.1 30.0 40.5 18.9 Equity risk 14.1 11.0 29.3 6.6 7.7 7.8 12.0 5.2 Foreign exchange risk 4.6 4.1 10.2 1.2 5.2 2.9 7.8 1.2 Commodity risk 37.6 24.6 46.0 3.8 6.0 4.5 11.5 2.2 Idiosyncratic debt specific risk 13.1 19.8 28.0 13.1 18.2 20.3 29.7 13.8 Diversification effect 1 (41.7) (52.7) n/m 2 n/m (45.0) (50.8) n/m n/m Total Value-at-Risk (one-day) 53.8 36.6 58.9 20.9 25.6 31.5 44.9 21.8 1 The aggregate VaR is less than the sum of the VaR of the different risk types due to risk offsets resulting from portfolio diversification. 2 Not meaningful. It is not meaningful to compute a diversification effect because the high and low may occur on different days for different risk types.
Structural Interest Rate Sensitivity Measures | TABLE 45: STRUCTURAL INTEREST RATE SENSITIVITY MEASURES (millions of Canadian dollars) As at October 31, 2025 October 31, 2024 EVE NII 1,2 EVE 1 NII 1 Sensitivity 1,2 Sensitivity 1,2,3 Sensitivity 1 Sensitivity 1,3 Canadian U.S. Total Canadian U.S. Total Total Total dollar 4 dollar dollar 4 dollar Before-tax impact of 100 bps increase in rates $ (957) $ (1,558) $ (2,515) $ 400 $ 390 $ 790 $ (2,489) $ 720 100 bps decrease in rates 865 1,227 2,092 (441) (419) (860) 1,914 (983) 1 Does not include exposures from Wholesale Banking. 2 Effective July 31, 2025, the sensitivity measures are reported by currency to better differentiate NIIS to movements in underlying rates. 3 Represents the twelve-month NII exposure to an immediate and sustained shock in rates, and may include adjustments for non-recurring items. 4 Includes other currency exposures.
Summary of Liquid Assets by Type and Currency | Assets held by the Bank to meet liquidity requirements are summarized in the following tables. The tables do not include assets held within the Bank’s insurance businesses as these are used to support insurance-specific liabilities and capital requirements. TABLE 46: SUMMARY OF LIQUID ASSETS BY TYPE AND CURRENCY (millions of Canadian dollars, except as noted) As at Securities received as collateral from securities financing and Bank-owned derivative Total Encumbered Unencumbered liquid assets transactions liquid assets liquid assets liquid assets 1 October 31, 2025 Cash and central bank reserves $ 17,966 $ – $ 17,966 $ 1,130 $ 16,836 Obligations of government, federal agencies, public sector entities, and multilateral development banks 2 112,902 117,718 230,620 95,245 135,375 Equities 18,403 4,111 22,514 19,146 3,368 Other debt securities 6,229 6,219 12,448 9,213 3,235 Other securities – – – – – Total Canadian dollar-denominated 155,500 128,048 283,548 124,734 158,814 Cash and central bank reserves 89,425 – 89,425 185 89,240 Obligations of government, federal agencies, public sector entities, and multilateral development banks 215,537 160,502 376,039 179,623 196,416 Equities 65,295 42,664 107,959 62,020 45,939 Other debt securities 77,703 17,744 95,447 29,212 66,235 Other securities 31,647 2,937 34,584 8,161 26,423 Total non-Canadian dollar-denominated 479,607 223,847 703,454 279,201 424,253 Total $ 635,107 $ 351,895 $ 987,002 $ 403,935 $ 583,067 October 31, 2024 Total Canadian dollar-denominated 163,269 117,083 280,352 110,064 170,288 Total non-Canadian dollar-denominated 482,052 179,665 661,717 247,478 414,239 Total $ 645,321 $ 296,748 $ 942,069 $ 357,542 $ 584,527 Unencumbered liquid assets include on-balance sheet assets, assets borrowed or purchased under resale agreements, and other off-balance sheet collateral received less encumbered liquid assets. 2 Includes National Housing Act Mortgage-Backed Securities (NHA MBS).
Summary of Unencumbered Liquid Assets by Bank, Subsidiaries, and Branches | Unencumbered liquid assets held in The Toronto-Dominion Bank, its domestic and foreign subsidiaries, and branches are summarized in the following table. TABLE 47: SUMMARY OF UNENCUMBERED LIQUID ASSETS BY BANK, SUBSIDIARIES, AND BRANCHES (millions of Canadian dollars) As at October 31 October 31 2025 2024 The Toronto-Dominion Bank (Parent) $ 257,722 $ 237,005 Bank subsidiaries 306,961 314,306 Foreign branches 18,384 33,216 Total $ 583,067 $ 584,527
Summary of Deposit Funding | TABLE 55: SUMMARY OF DEPOSIT FUNDING 1 (millions of Canadian dollars) As at October 31, 2025 October 31, 2024 Personal $ 650,396 $ 641,667 Non-personal 316,319 310,422 Total $ 966,715 $ 952,089 1 The calculation methodology has been changed to reflect deposit funding from personal, wealth and business banking channels.
Summary of Remaining Contractual Maturity | The following table summarizes on-balance sheet and off-balance sheet categories by remaining contractual maturity. The values of credit instruments reported in the following table represent the maximum amount of additional credit that the Bank could be obligated to extend should such instruments be fully drawn or utilized. Since a significant portion of guarantees and commitments are expected to expire without being drawn upon, the total of the contractual amounts is not representative of expected future liquidity requirements. These contractual obligations have an impact on the Bank’s short-term and long-term liquidity and capital resource needs. The maturity analysis presented does not depict the degree of the Bank’s maturity transformation or the Bank’s exposure to interest rate and liquidity risk. The Bank’s objective is to fund its assets appropriately to protect against borrowing cost volatility and potential reductions to funding market availability. The Bank utilizes stable non-maturity deposits (chequing and savings accounts) and term deposits as the primary source of long-term funding for the Bank’s non-trading assets including personal and business term loans and the stable balance of revolving lines of credit. Additionally, the Bank issues long-term funding in respect of such non-trading assets and raises short-term funding primarily to finance trading assets. The liquidity of trading assets under stressed market conditions is considered when determining the appropriate term of the funding. TABLE 58: REMAINING CONTRACTUAL MATURITY (millions of Canadian dollars) As at October 31, 2025 No Less than 1 to 3 3 to 6 6 to 9 9 months Over 1 to Over 2 to Over specific 1 month months months months to 1 year 2 years 5 years 5 years maturity Total Assets Cash and due from banks $ 7,512 $ – $ – $ – $ – $ – $ – $ – $ – $ 7,512 Interest-bearing deposits with banks 106,857 724 39 – – – – – 1,797 109,417 Trading loans, securities, and other 1 4,243 5,867 5,219 3,647 4,107 10,100 33,372 31,052 122,529 220,136 Non-trading financial assets at fair value through profit or loss – – – 74 – 332 2,939 1,873 2,177 7,395 Derivatives 10,478 12,594 7,269 4,638 5,006 11,761 17,913 13,313 – 82,972 Financial assets designated at fair value through profit or loss 271 226 543 649 251 1,396 2,715 935 – 6,986 Financial assets at fair value through other comprehensive income 1,959 4,006 3,698 3,802 6,061 6,002 48,054 49,739 3,048 126,369 Debt securities at amortized cost, net of allowance for credit losses 4,850 3,768 5,670 7,152 3,992 28,954 70,952 115,102 (1) 240,439 Securities purchased under reverse repurchase agreements 2 164,872 40,541 28,394 6,906 4,840 786 739 – – 247,078 Loans Residential mortgages 3,463 7,240 16,334 25,284 23,462 78,900 112,140 48,240 – 315,063 Consumer instalment and other personal 1,115 2,652 6,373 9,240 7,052 31,673 96,668 37,975 66,285 259,033 Credit card – – – – – – – – 41,662 41,662 Business and government 59,741 12,360 13,577 17,631 17,491 44,950 89,699 56,975 33,519 345,943 Total loans 64,319 22,252 36,284 52,155 48,005 155,523 298,507 143,190 141,466 961,701 Allowance for loan losses – – – – – – – – (8,689) (8,689) Loans, net of allowance for loan losses 64,319 22,252 36,284 52,155 48,005 155,523 298,507 143,190 132,777 953,012 Goodwill 3 – – – – – – – – 18,980 18,980 Other intangibles 3 – – – – – – – – 3,409 3,409 Land, buildings, equipment, other depreciable assets, and right-of-use assets 3 – 3 2 4 10 86 679 3,333 6,015 10,132 Deferred tax assets – – – – – – – – 5,388 5,388 Amounts receivable from brokers, dealers, and clients 27,345 – – – – – – – – 27,345 Other assets 5,207 2,630 3,076 521 485 199 412 507 14,951 27,988 Total assets $ 397,913 $ 92,611 $ 90,194 $ 79,548 $ 72,757 $ 215,139 $ 476,282 $ 359,044 $ 311,070 $ 2,094,558 Liabilities Trading deposits $ 3,346 $ 4,147 $ 5,288 $ 2,790 $ 4,967 $ 6,314 $ 7,931 $ 3,099 $ – $ 37,882 Derivatives 10,690 13,350 8,930 7,039 4,359 8,034 15,169 11,785 – 79,356 Securitization liabilities at fair value – 1,096 570 1,069 739 2,248 13,667 5,894 – 25,283 Financial liabilities designated at fair value through profit or loss 48,996 46,231 57,600 26,665 17,192 652 3 – 296 197,635 Deposits 4,5 Personal 15,300 30,652 24,351 17,289 19,285 17,296 12,784 2 513,437 650,396 Banks 15,232 96 56 – 49 2 2 – 11,796 27,233 Business and government 18,548 20,498 19,236 15,276 10,272 51,067 56,791 32,004 365,783 589,475 Total deposits 49,080 51,246 43,643 32,565 29,606 68,365 69,577 32,006 891,016 1,267,104 Obligations related to securities sold short 1 2,677 575 1,304 1,647 1,245 6,351 14,346 12,879 2,771 43,795 Obligations related to securities sold under repurchase agreements 2 196,625 20,970 3,017 237 114 164 23 – – 221,150 Securitization liabilities at amortized cost – 719 182 367 567 1,602 5,104 6,300 – 14,841 Amounts payable to brokers, dealers, and clients 27,434 – – – – – – – – 27,434 Insurance-related liabilities 215 405 607 608 641 1,137 1,508 1,288 869 7,278 Other liabilities 5,198 6,600 2,535 1,628 922 2,380 2,024 5,944 7,009 34,240 Subordinated notes and debentures – – – – – – – 10,733 – 10,733 Equity – – – – – – – – 127,827 127,827 Total liabilities and equity $ 344,261 $ 145,339 $ 123,676 $ 74,615 $ 60,352 $ 97,247 $ 129,352 $ 89,928 $ 1,029,788 $ 2,094,558 Off-balance sheet commitments Credit and liquidity commitments 6,7 $ 16,424 $ 45,279 $ 31,734 $ 23,774 $ 23,268 $ 49,354 $ 174,265 $ 3,658 $ 1,990 $ 369,746 Other commitments 8 131 233 271 325 246 931 2,864 376 12 5,389 Unconsolidated structured entity commitments 1,312 1,004 1,855 3,143 1,787 7,012 2,930 – – 19,043 Total off-balance sheet commitments $ 17,867 $ 46,516 $ 33,860 $ 27,242 $ 25,301 $ 57,297 $ 180,059 $ 4,034 $ 2,002 $ 394,178 Amount has been recorded according to the remaining contractual maturity of the underlying security. 2 Certain contracts considered short-term are presented in ‘less than 1 month’ category. 3 Certain non-financial assets have been recorded as having ‘no specific maturity’. 4 As the timing of demand deposits and notice deposits is non-specific and callable by the depositor, obligations have been included as having ‘no specific maturity’. 5 Includes $ 70 billion of covered bonds with remaining contractual maturities of $ 10 billion in ‘over 3 months to 6 months’, $ 4 billion in ‘over 6 months to 9 months’, $ 5 billion in ‘over 9 months to 1 year’ $ 24 billion in ‘over 1 to 2 years’, $ 19 billion in ‘over 2 to 5 years’, and $ 8 billion in ‘over 5 years’. 6 Includes $ 623 million in commitments to extend credit to private equity investments. 7 Commitments to extend credit exclude personal lines of credit and credit card lines, which are unconditionally cancellable at the Bank’s discretion at any time. 8 Includes various purchase commitments as well as commitments for leases not yet commenced, and lease-related payments. TABLE 58: REMAINING CONTRACTUAL MATURITY (continued) (millions of Canadian dollars) As at October 31, 2024 No Less than 1 to 3 3 to 6 6 to 9 9 months Over 1 to Over 2 to Over specific 1 month months months months to 1 year 2 years 5 years 5 years maturity Total Assets Cash and due from banks $ 6,437 $ – $ – $ – $ – $ – $ – $ – $ – $ 6,437 Interest-bearing deposits with banks 165,665 23 – – – – – – 4,242 169,930 Trading loans, securities, and other 1 3,773 4,852 6,777 4,852 4,729 11,756 28,458 27,484 83,089 175,770 Non-trading financial assets at fair value through profit or loss – 2 301 1,431 96 702 810 694 1,833 5,869 Derivatives 11,235 12,059 5,501 4,257 2,587 10,485 17,773 14,164 – 78,061 Financial assets designated at fair value through profit or loss 367 251 486 613 292 1,144 1,865 1,399 – 6,417 Financial assets at fair value through other comprehensive income 357 7,284 6,250 6,459 9,367 5,766 19,729 34,270 4,415 93,897 Debt securities at amortized cost, net of allowance for credit losses 1,620 4,237 4,763 6,367 4,072 30,513 93,429 126,617 (3) 271,615 Securities purchased under reverse repurchase agreements 2 134,310 35,360 19,897 10,119 5,299 1,722 482 – 1,028 208,217 Loans Residential mortgages 7,502 11,817 13,066 16,074 4,353 86,112 132,381 60,344 – 331,649 Consumer instalment and other personal 974 1,758 2,509 4,077 6,137 28,498 88,052 35,096 61,281 228,382 Credit card – – – – – – – – 40,639 40,639 Business and government 55,591 15,405 10,866 19,340 18,982 47,488 98,362 61,904 29,035 356,973 Total loans 64,067 28,980 26,441 39,491 29,472 162,098 318,795 157,344 130,955 957,643 Allowance for loan losses – – – – – – – – (8,094) (8,094) Loans, net of allowance for loan losses 64,067 28,980 26,441 39,491 29,472 162,098 318,795 157,344 122,861 949,549 Investment in Schwab – – – – – – – – 9,024 9,024 Goodwill 3 – – – – – – – – 18,851 18,851 Other intangibles 3 – – – – – – – – 3,044 3,044 Land, buildings, equipment, other depreciable assets, and right-of-use assets 3 – 8 1 4 12 81 562 3,130 6,039 9,837 Deferred tax assets – – – – – – – – 4,937 4,937 Amounts receivable from brokers, dealers, and clients 22,115 – – – – – – – – 22,115 Other assets 6,556 2,478 2,989 556 367 373 312 153 14,397 28,181 Total assets $ 416,502 $ 95,534 $ 73,406 $ 74,149 $ 56,293 $ 224,640 $ 482,215 $ 365,255 $ 273,757 $ 2,061,751 Liabilities Trading deposits $ 4,522 $ 2,516 $ 2,768 $ 2,101 $ 3,715 $ 5,488 $ 7,566 $ 1,736 $ – $ 30,412 Derivatives 9,923 11,556 5,740 3,319 2,783 8,800 12,877 13,370 – 68,368 Securitization liabilities at fair value – 1,004 328 644 97 3,313 9,443 5,490 – 20,319 Financial liabilities designated at fair value through profit or loss 50,711 25,295 51,967 40,280 37,964 1,477 – – 220 207,914 Deposits 4,5 Personal 14,229 31,997 30,780 16,971 19,064 15,120 15,590 7 497,909 641,667 Banks 14,714 4,287 2,434 16,343 6,954 – 3 – 12,963 57,698 Business and government 23,536 24,136 11,295 19,038 9,020 37,681 76,667 24,144 343,798 569,315 Total deposits 52,479 60,420 44,509 52,352 35,038 52,801 92,260 24,151 854,670 1,268,680 Obligations related to securities sold short 1 1,431 2,392 750 971 603 8,303 10,989 12,610 1,466 39,515 Obligations related to securities sold under repurchase agreements 2 173,741 21,172 2,096 1,036 30 1,225 23 – 2,577 201,900 Securitization liabilities at amortized cost 119 589 819 438 144 1,843 4,823 3,590 – 12,365 Amounts payable to brokers, dealers, and clients 26,598 – – – – – – – – 26,598 Insurance-related liabilities 224 448 671 671 705 1,184 1,656 727 883 7,169 Other liabilities 12,396 14,478 7,279 1,114 876 1,886 1,421 5,608 6,820 51,878 Subordinated notes and debentures – – – 200 – – – 11,273 – 11,473 Equity – – – – – – – – 115,160 115,160 Total liabilities and equity $ 332,144 $ 139,870 $ 116,927 $ 103,126 $ 81,955 $ 86,320 $ 141,058 $ 78,555 $ 981,796 $ 2,061,751 Off-balance sheet commitments Credit and liquidity commitments 6,7 $ 31,198 $ 28,024 $ 26,127 $ 24,731 $ 21,440 $ 52,706 $ 174,388 $ 4,743 $ 1,948 $ 365,305 Other commitments 8 113 266 270 400 254 1,019 1,591 403 50 4,366 Unconsolidated structured entity commitments – – – 125 766 490 19 – – 1,400 Total off-balance sheet commitments $ 31,311 $ 28,290 $ 26,397 $ 25,256 $ 22,460 $ 54,215 $ 175,998 $ 5,146 $ 1,998 $ 371,071 Amount has been recorded according to the remaining contractual maturity of the underlying security. 2 Certain contracts considered short-term are presented in ‘less than 1 month’ category. 3 Certain non-financial assets have been recorded as having ‘no specific maturity’. 4 As the timing of demand deposits and notice deposits is non-specific and callable by the depositor, obligations have been included as having ‘no specific maturity’. 5 Includes $ 75 billion of covered bonds with remaining contractual maturities of $ 2 billion in ‘over 3 months to 6 months’, $ 10 billion in ‘over 6 months to 9 months’, $ 18 billion in ‘over 1 to 2 years’, $ 37 billion in ‘over 2 to 5 years’, and $ 8 billion in ‘over 5 years’. 6 Includes $ 609 million in commitments to extend credit to private equity investments. 7 Commitments to extend credit exclude personal lines of credit and credit card lines, which are unconditionally cancellable at the Bank’s discretion at any time. 8 Includes various purchase commitments as well as commitments for leases not yet commenced, and lease-related payments.

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