Holders of TD common shares have the option to participate in TD's Dividend Reinvestment Plan (the "Plan"). Dividends are normally paid either by cheque or deposited to the shareholder's account. The Plan provides you with a convenient method of reinvesting cash dividends in additional common shares of TD.

Dividends paid on common shares are used to purchase additional common shares. Registered shareholders who enrol in the Plan and have TD common shares registered in their names can choose the percentage of their common shares that they would like to have enroled in the Plan. Non-registered shareholders, who hold TD common shares in an account with a broker, financial institution or other intermediary, should consult their intermediary if they wish to participate in the Plan. U.S. resident non-registered shareholders who hold TD common shares through an intermediary will be required to have such shares transferred into their own name or into a specific segregated registered account with an intermediary, with the concurrence of such intermediary, in order to become a participant in the Plan.

The common shares will be purchased either at the market price on the open market or at the Average Market Price when purchased from the treasury of TD. There may also be a discount of up to 5% to the Average Market Price if TD issues the common shares from treasury. TD will announce by way of press release and in dividend announcements whether common shares purchased under the Plan will be purchased on the open market or from treasury, and any applicable discount if shares are issued from treasury. For the current applicable discount, please refer to our common shares web page.

There will be no brokerage or administrative fees charged by TD or CIBC Mellon Trust Company or such other agent as may be appointed from time to time (the "Plan Agent") for participation in the Plan.

For participants resident in Canada, dividends reinvested are taxable in the same manner as cash dividends and as such currently benefit from the dividend tax credit. Shareholders should consult their tax advisers about the tax consequences which will result from their participation in the Plan.

Holders of common shares of TD who hold their shares through a broker or other intermediary should consult with that party. In order to facilitate the Plan the administrative practices of such parties vary and may affect the manner in which such holders may be able to participate in the Plan. In addition, due to the administrative practices of the intermediaries, the various dates by which actions must be taken by holders as set out in the Plan may not be the same dates as are required by the intermediary.

For additional information on participation in the Plan or on enrolling in the Plan, please click on the links below.

Canadian residents, please see:	United States residents, please see:
Plan Circular (English) (PDF, 408 KB)	U.S. Prospectus (PDF, 136 KB)
Plan Circular (French) (PDF, 105 KB)	U.S. Prospectus Supplement No. 5 dated May 28, 2008 (PDF, 20 KB)
Notice to Canadian participants dated May 28, 2008. (English) (PDF, 20 KB)
Notice to Canadian participants dated May 28, 2008. (French) (PDF, 30 KB)

For Registered shareholders to enrol in the Plan, please print the attached form and send to CIBC Mellon Trust Company:

Enrolment Form (English) (PDF, 32 KB)

Enrolment Form (French) (PDF, 34 KB)

Questions about the Plan

Information as of May 28, 2008.