Our Strategy

  • Disciplined Execution

  • Through strong governance, careful cost management and smart capital decisions that support long-term growth, we are building a stronger bank designed to deliver consistent value for clients and shareholders.

Making ongoing investments to enhance compliance and protect the Bank, our clients and the financial system

    • TD Wealth continues to invest in operations, enhancing advisor and client experience through improved efficiency, productivity and reduced operational risk.
    • The Canadian Business Bank continues to strengthen controls through multiple initiatives focused on technology modernization, automation, targeted reviews and heightening risk awareness and understanding.
    • TD Bank, AMCB advanced multi-year transformation efforts through execution of remediation commitments across critical U.S. risk domains – including Financial Crime Risk, Compliance Risk, Insider Risk and Treasury Risk – creating sustainable second-line programs and practices and reducing overall residual risk levels.
    • The Canadian Personal Bank continues to strengthen governance and control functions, simplify processes to better manage risk, advance AML oversight and monitoring, and drive disciplined execution to enhance operational efficiency.
    • TD Insurance was the first Canadian issuer to sponsor a catastrophe bond solely focused on catastrophe perils in Canada, providing additional sources of multi-year capital protection against losses from severe weather events.
    • TD Securities is enhancing risk and control frameworks and modernizing core business processes as it scales to improve regulatory responsiveness, increase automation, simplify processes and better manage risk.

  • Resetting the cost base of the Bank by reimagining how we work and maximizing impact for our clients

    We are resetting our cost base, targeting nearly $1 billion in savings in fiscal 2026 and an additional $1 billion through 2027–2028. We will do this through distribution transformation, AI-driven process automation and enhanced productivity across our businesses. Through these efforts, we are funding our growth to drive peer-leading performance and shareholder returns.

  • Applying rigour and discipline in how we allocate capital to support growth, enhance returns and drive shareholder value

    Guided by our strategy and commitment to long-term value creation, we continue to take a balanced and disciplined approach to capital allocation. We are focused on:

    1. Reinvesting in our business to execute our organic growth strategy.
    2. Selectively considering inorganic opportunities.
    3. Consistently returning excess capital to shareholders.

~$15 billion

With the sale of its equity investment in The Charles Schwab Corporation in February 2025, TD intends to return ~$15 billion of net proceeds to shareholders through share buy-backs over fiscal 2025 and fiscal 2026.

  • U.S. Balance Sheet Restructuring and Opportunities Ahead

    In 2025, TD achieved a significant milestone in restructuring its U.S. balance sheet. This effort focused on positioning the Bank to continue serving the evolving needs of its U.S. clients and communities while maintaining compliance with required asset limitations.

    Two notable outcomes of the restructuring were the completion of TD’s bond repositioning program, allowing the Bank to better align its investment portfolio with market conditions, and TD successfully reaching its target of a 10% reduction in U.S. assets. As a result, the Bank unlocked opportunities to deliver continued innovation and growth in the U.S.