Segmented Information	6 Months Ended
Apr. 30, 2024
Segmented Information [abstract]
Segmented Information	NOTE 20: SEGMENTED INFORMATION For management reporting purposes, the Bank reports its results from business operations and activities under four key business segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking. The Bank’s other activities are grouped into the Corporate segment. Canadian Personal and Commercial Banking provides financial products and services to personal, small business and commercial customers, and includes TD Auto Finance Canada. U.S. Retail is comprised of personal and business banking in the U.S., TD Auto Finance U.S., the U.S. wealth business, as well as the Bank’s equity investment in Schwab. Wealth Management and Insurance includes the Canadian wealth business which provides investment products and services to institutional and retail investors, and the insurance business which provides property and casualty insurance, as well as life and health insurance products to customers across Canada. Effective the first quarter of 2024, certain asset management businesses which were previously reported in the U.S. Retail segment are now reported in the Wealth Management and Insurance segment. Comparative period information has been adjusted to reflect the new alignment. Wholesale Banking provides a wide range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding, and investment needs of the Bank’s clients. The Corporate segment includes the effects of certain asset securitization programs, treasury management, elimination of taxable equivalent adjustments and other management reclassifications, corporate level tax items, and residual unallocated revenue and expenses. The following table summarizes the segment results for the three and six months ended April 30, 2024 and April 30, 2023. Results by Business Segment 1,2 (millions of Canadian dollars) Canadian Wealth Personal and Management Commercial Banking U.S. Retail and Insurance Wholesale Banking 3 Corporate 3 Total For the three months ended April 30 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net interest income (loss) $ 3,812 $ 3,377 $ 2,841 $ 3,034 $ 304 $ 258 $ 189 $ 498 $ 319 $ 261 $ 7,465 $ 7,428 Non-interest income (loss) 1,027 1,027 606 523 2,810 2,543 1,751 919 160 (43) 6,354 4,969 Total revenue 4,839 4,404 3,447 3,557 3,114 2,801 1,940 1,417 479 218 13,819 12,397 Provision for (recovery of) credit losses 467 247 380 190 – 1 55 12 169 149 1,071 599 Insurance service expenses – – – – 1,248 1,118 – – – – 1,248 1,118 Non-interest expenses 1,957 1,903 2,597 2,022 1,027 963 1,430 1,189 1,390 679 8,401 6,756 Income (loss) before income taxes and share of net income from investment in Schwab 2,415 2,254 470 1,345 839 719 455 216 (1,080) (610) 3,099 3,924 Provision for (recovery of) income taxes 676 629 73 189 218 195 94 66 (332) (220) 729 859 Share of net income from investment in Schwab 4,5 – – 183 250 – – – – 11 (9) 194 241 Net income (loss) $ 1,739 $ 1,625 $ 580 $ 1,406 $ 621 $ 524 $ 361 $ 150 $ (737) $ (399) $ 2,564 $ 3,306 For the six months ended April 30 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 2024 2023 Net interest income (loss) $ 7,645 $ 6,916 $ 5,740 $ 6,201 $ 589 $ 541 $ 387 $ 1,023 $ 592 $ 480 $ 14,953 $ 15,161 Non-interest income (loss) 2,078 2,077 1,210 1,083 5,660 5,175 3,333 1,739 299 (637) 12,580 9,437 Total revenue 9,723 8,993 6,950 7,284 6,249 5,716 3,720 2,762 891 (157) 27,533 24,598 Provision for (recovery of) credit losses 890 574 765 390 – 1 65 44 352 280 2,072 1,289 Insurance service expenses – – – – 2,614 2,282 – – – – 2,614 2,282 Non-interest expenses 3,941 3,766 5,007 4,062 2,074 1,972 2,930 2,072 2,479 2,996 16,431 14,868 Income (loss) before income taxes and share of net income from investment in Schwab 4,892 4,653 1,178 2,832 1,561 1,461 725 646 (1,940) (3,433) 6,416 6,159 Provision for (recovery of) income taxes 1,368 1,299 68 393 385 383 159 165 (617) (442) 1,363 1,798 Share of net income from investment in Schwab 4,5 – – 377 551 – – – – (42) (25) 335 526 Net income (loss) $ 3,524 $ 3,354 $ 1,487 $ 2,990 $ 1,176 $ 1,078 $ 566 $ 481 $ (1,365) $ (3,016) $ 5,388 $ 4,887 Amounts for the three and six months ended April 30, 2023 have been restated for the adoption of IFRS 17. Refer to Note 2 for details. 2 The retailer program partners’ share of revenues and credit losses is presented in the Corporate segment, with an offsetting amount (representing the partners’ net share) recorded in Non-interest expenses, resulting in no impact to Corporate reported Net income (loss). The Net income (loss) included in the U.S. Retail segment includes only the portion of revenue and credit losses attributable to the Bank under the agreements. 3 Net interest income within Wholesale Banking is calculated on a taxable equivalent basis (TEB). The TEB adjustment reflected in Wholesale Banking is reversed in the Corporate segment. 4 The after-tax amounts for amortization of acquired intangibles, the Bank’s share of acquisition and integration charges associated with Schwab’s acquisition of TD Ameritrade, the Bank’s share of Schwab’s restructuring charges, and the Bank’s share of Schwab’s FDIC special assessment charge are recorded in the Corporate segment. 5 The Bank’s share of Schwab’s earnings is reported with a one-month lag. Refer to Note 7 for further details. Total Assets by Business Segment 1 (millions of Canadian dollars) Canadian Wealth Personal and Management Wholesale Commercial Banking U.S. Retail and Insurance Banking Corporate Total As at April 30, 2024 Total assets $ 572,130 $ 563,351 $ 22,522 $ 670,663 $ 138,002 $ 1,966,668 As at October 31, 2023 Total assets $ 560,303 $ 560,585 $ 22,293 $ 673,398 $ 138,560 $ 1,955,139 Balances as at October 31, 2023 have been restated for the adoption of IFRS 17. Refer to Note 2 for details.

For management reporting purposes, the Bank reports

its results from business operations and

activities under four key business segments:

Canadian Personal

and Commercial Banking, U.S. Retail, Wealth

Management and Insurance, and Wholesale

Banking. The Bank’s other activities are grouped

into the Corporate

segment.

Canadian Personal and Commercial

Banking provides financial products and services

to personal, small business and commercial

customers, and includes

TD Auto Finance Canada. U.S. Retail is

comprised of personal and business banking

in the U.S., TD Auto Finance U.S., the

U.S. wealth business,

as well as the

Bank’s equity investment in Schwab. Wealth Management

and Insurance includes the Canadian

wealth business which provides investment products

and services

to institutional and retail investors, and the insurance

business which provides property and

casualty insurance, as well as life and health

insurance products to

customers across Canada. Effective the first quarter

of 2024, certain asset management businesses

which were previously reported in the U.S.

Retail segment are

now reported in the Wealth Management and

Insurance segment. Comparative period information

has been adjusted to reflect the new alignment.

Wholesale

Banking provides a wide range of capital

markets, investment banking, and corporate

banking products and services,

including underwriting and distribution

of new

debt and equity issues, providing advice

on strategic acquisitions and divestitures, and

meeting the daily trading, funding, and investment

needs of the Bank’s

clients. The Corporate segment includes the

effects of certain asset securitization programs,

treasury management, elimination of taxable equivalent

adjustments

and other management reclassifications,

corporate level tax items, and residual

unallocated revenue and expenses.

The following table summarizes the segment

results for the three and six months ended

April 30, 2024 and April 30, 2023.

Results by Business Segment

1,2

(millions of Canadian dollars)

Canadian

Wealth

Personal and

Management

Commercial Banking

U.S. Retail

and Insurance

Wholesale Banking

Corporate

Total

For the three months ended April 30

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

Net interest income (loss)

3,812

3,377

2,841

3,034

304

258

189

498

319

261

7,465

7,428

Non-interest income (loss)

1,027

606

523

2,810

2,543

1,751

919

160

(43)

6,354

4,969

Total revenue

4,839

4,404

3,447

3,557

3,114

2,801

1,940

1,417

479

218

13,819

12,397

Provision for (recovery of)

credit losses

467

247

380

190

–

169

149

1,071

599

Insurance service expenses

–

1,248

1,118

–

1,248

1,118

Non-interest expenses

1,957

1,903

2,597

2,022

1,027

963

1,430

1,189

1,390

679

8,401

6,756

Income (loss) before income taxes

and share of net income from

investment in Schwab

2,415

2,254

470

1,345

839

719

455

216

(1,080)

(610)

3,099

3,924

Provision for (recovery of)

income taxes

676

629

189

218

195

(332)

(220)

729

859

Share of net income from

investment in Schwab

4,5

–

183

250

–

(9)

194

241

Net income (loss)

1,739

1,625

580

1,406

621

524

361

150

(737)

(399)

2,564

3,306

For the six months ended April 30

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

2024

2023

Net interest income (loss)

7,645

6,916

5,740

6,201

589

541

387

1,023

592

480

14,953

15,161

Non-interest income (loss)

2,078

2,077

1,210

1,083

5,660

5,175

3,333

1,739

299

(637)

12,580

9,437

Total revenue

9,723

8,993

6,950

7,284

6,249

5,716

3,720

2,762

891

(157)

27,533

24,598

Provision for (recovery of)

credit losses

890

574

765

390

–

352

280

2,072

1,289

Insurance service expenses

–

2,614

2,282

–

2,614

2,282

Non-interest expenses

3,941

3,766

5,007

4,062

2,074

1,972

2,930

2,072

2,479

2,996

16,431

14,868

Income (loss) before income taxes

and share of net income from

investment in Schwab

4,892

4,653

1,178

2,832

1,561

1,461

725

646

(1,940)

(3,433)

6,416

6,159

Provision for (recovery of)

income taxes

1,368

1,299

393

385

383

159

165

(617)

(442)

1,363

1,798

Share of net income from

investment in Schwab

4,5

–

377

551

–

(42)

(25)

335

526

Net income (loss)

3,524

3,354

1,487

2,990

1,176

1,078

566

481

(1,365)

(3,016)

5,388

4,887

Amounts for the three and six months ended April 30, 2023 have been restated for the adoption of IFRS 17. Refer

to Note 2 for details.

The retailer program partners’ share of revenues and credit losses is presented in the Corporate segment, with an

offsetting amount (representing the partners’ net share) recorded in

Non-interest expenses, resulting in no impact to Corporate reported Net income (loss). The Net income (loss) included

in the U.S. Retail segment includes only the portion of revenue and

credit losses attributable to the Bank under the agreements.

Net interest income within Wholesale Banking is calculated on a taxable equivalent basis (TEB). The TEB adjustment

reflected in Wholesale Banking is reversed in the Corporate

segment.

The after-tax amounts for amortization of acquired intangibles, the Bank’s share of acquisition and integration

charges associated with Schwab’s acquisition of TD Ameritrade, the Bank’s

share of Schwab’s restructuring charges, and the Bank’s share of Schwab’s FDIC

special assessment charge are recorded in the Corporate segment.

The Bank’s share of Schwab’s earnings is reported with a one-month lag. Refer to

Note 7 for further details.