The Toronto-Dominion Bank (TSX:TD.PR.Y.PFD) Tax Rate %

: 19.11% (As of Jan. 2024)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. The Toronto-Dominion Bank's Tax Expense for the three months ended in Jan. 2024 was C$634.00 Mil. The Toronto-Dominion Bank's Pre-Tax Income for the three months ended in Jan. 2024 was C$3,317.00 Mil. Therefore, The Toronto-Dominion Bank's Tax Rate % for the quarter that ended in Jan. 2024 was 19.11%.

The Toronto-Dominion Bank Tax Rate % Historical Data

The historical data trend for The Toronto-Dominion Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Toronto-Dominion Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Tax Rate %

20.67

9.67

21.13

19.52

24.21

The Toronto-Dominion Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Tax Rate %																42.01	21.78	20.72	18.70	19.11

The Toronto-Dominion Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

The Toronto-Dominion Bank's Tax Rate % for the fiscal year that ended in Oct. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Oct. 2023 )	/	Pre-Tax Income (A: Oct. 2023 )
	=	3168	/	13086
	=	24.21 %

The Toronto-Dominion Bank's Tax Rate % for the quarter that ended in Jan. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jan. 2024 )	/	Pre-Tax Income (Q: Jan. 2024 )
	=	634	/	3317
	=	19.11 %

The Toronto-Dominion Bank Tax Rate % Related Terms

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The Toronto-Dominion Bank (TSX:TD.PR.Y.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (TSX:TD.PR.Y.PFD) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

TDBKF.PFD:USA TNTTF.PFD:USA TD:USA TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada TD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

The Toronto-Dominion Bank (TSX:TD.PR.Y.PFD) Headlines

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