TD Bank Financial Group
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Local Economic Development
Related Information
Our Performance

Operating from over 1,900 locations across Canada and in the Northeastern and Mid-Atlantic regions of the U.S., as well as in a number of locations around the globe, TD makes a significant contribution to local economies.

We provide jobs directly and indirectly, generate tax revenues for governments, donate generously to community causes and support businesses of all sizes. Our activities positively impact the entire community by improving the quality of life and increasing the standard of living for all.

Creating jobs

  • With more than 48,000 people in Canada, we are one of the country's largest employers. We have 58,910 employees worldwide, which translates into $4.6 billion in salaries and benefits.
  • TD supports thousands of jobs in other sectors as a major purchaser. In 2007, we spent $3.8 billion in Canada on goods and services from external vendors, ranging from information technology to office supplies.
  • Through our community involvement program, we try to boost job prospects for people who are unemployed or underemployed. For example, TD is an active participant in The Mentoring Partnership and Career Bridge, two innovative programs aimed at helping skilled newcomers integrate into the economy.

Fostering innovation and growth

  • Through loans, credit and other financing to businesses both large and small, we help foster community economic development and stimulate innovation and growth. In Canada alone, 277,693 companies were authorized to receive more than $157 billion in debt financing by TD in 2006.
  • TD invests in community programs that enable young people to create brighter economic futures for themselves. One example is ACE (Advancing Canadian Entrepreneurship), a national, non-profit organization that provides and promotes education, training and instruction to Canadian youth, in the formation and operation of businesses. It is sponsored, in part, by TD. Today, ACE offers hands-on entrepreneurship training programs for students on 49 university and college campuses across Canada.

Contributing as a major taxpayer

  • TD makes a valuable economic impact as a major taxpayer. Our tax dollars go a long way to helping governments provide vital services to individuals and families. In 2007, our tax dollars included $1.64 billion paid or payable in income, capital and premium taxes in Canada.

Providing benefits to shareholders

  • As a public corporation with numerous shareholders, many people from young to old are beneficiaries of millions of dollars we pay in dividends each year. TD stock is often held in public and private pension plans, RSPs and mutual funds, and we are proud to provide attractive returns to shareholders that help boost savings and income.

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