76 Political Contributions

TD‘s political contributions are minimal in Canada and nil in the U.K. In the U.S., TD Bank N.A. has established a federal political action committee through which its employees may participate in the political process.

Canada

In 2012, TD donated to both ruling and official opposition parties in the provinces that allow corporate donations. Currently, five provinces do not allow political donations – nor are they permitted at the federal level. Our contributions have no political bias, are all on public record and can be accessed at the websites of provincial election offices.

2012 Political Contributions in Canada Federal

Provincial Municipal TOTAL

2012 –

$173,620 –

$173,620

2011 –

$204,150 –

$204,150

2010 –

$129,500 $1,700

$131,200 U.S.

Federal law in the U.S. prohibits national banks from making political contributions to candidates for federal, state or local office. Contributions are allowed, however, from separate segregated funds established by national banks and other corporations. Such funds are known as political action committees or PACs. There are more than 4,600 active PACs in the U.S.

TD Bank N.A. established TD PAC in August 2011, registering it with the Federal Election Commission, as required by law. The PAC allows eligible, interested employees to make political contributions to candidates for federal office who support a strong financial services sector and sound economic policies. TD PAC is non-partisan and funded solely by voluntary contributions from eligible TD employees. The bank has established a payroll deduction system to facilitate employee contributions to the PAC. All contributions from the PAC are reported to the Federal Elections Commission and are a matter of public record. Employee contributions that aggregate to $200 or more each year are reported as part of the public record. More information about TD PAC may be found on the FEC database.

A board of directors operating according to its articles of association governs TD PAC. This ensures accountability for proper administration and operation of the PAC and reflects the importance of and TD’s commitment to strong governance. TD PAC contributed a total of $52,000 to 36 candidates, with disbursements balanced between both parties. These contributions were made from August 2011 to December 2012. TD PAC makes political contributions that are allowed by federal law and that are consistent with the bank’s strict guidelines for public policy activities and advocacy. No contributions are made to gain an unfair or inappropriate advantage. TD PAC does not independently advocate the election or defeat of specific candidates for federal office.

Strengthen Our Communities

TD 2012 Corporate Responsibility Report