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New Year’s Resolution: save more money and pay less tax! Tax-Free Savings Accounts now available with TD

TORONTO, January 2, 2009 – A smart new year’s resolution is to save for the future. A new and easy way to do this is to open a Tax-Free Savings Account (TFSA), now available through TD Canada Trust and TD Waterhouse. With a TFSA, Canadians do not pay tax on investment income and gains earned in the account; can withdraw money without a tax penalty; can contribute up to $5,000 in 2009 and have the ability to re-contribute any amounts withdrawn and carry forward unused contribution room indefinitely.

“By opening a TFSA, you can make it your new year’s resolution to save more and pay less tax,” said Patricia Lovett-Reid, Senior Vice President, TD Waterhouse. “We encourage customers to talk to us about how a TFSA can fit into their financial plan.”

Customers can visit any TD Canada Trust or TD Waterhouse branch or call 1-866-222-3456 (TD Canada Trust) or 1-866-280-2022 (TD Waterhouse) to discuss any of the following types of Tax-Free Savings Accounts:

• The TD Canada Trust TFSA which offers the High Interest TFSA Savings Account, and GICs and Term Deposits.
• The TD Mutual Funds TFSA which offers a full suite of TD Mutual Funds with a proven history of long-term investment performance.
• The TD Waterhouse Tax-Free Savings Account, which offers a broad range of investment options from TD Waterhouse Discount Brokerage, Financial Planning and Private Client Services.

“We started pre-registering for the TFSA in late November and we’ve had a strong response from our customers,” said Sarah Armstrong, Associate Vice President, Retail Products, TD Canada Trust. “Offering the TFSA to our customers is just one part of our commitment to making banking a convenient and comfortable experience.”

For more information on the new TFSA account, please visit www.tdcanadatrust.com/tfsa or www.tdwaterhouse.ca/tfsa.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in North America by branches and serves approximately 17 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth and TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial

Group also ranks among the world's leading online financial services firms, with more than 5.5 million online customers. TD Bank Financial Group had CDN$563 billion in assets as of October 31, 2008. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.

For more information, contact:

Barbara Timmins
TD Bank Financial Group
416-307-6498
td.capa@td.com