Toronto-Dominion Bank gets up to C$10B buyback approval

Repurchases are for cancellation, with the program bounded by both a dollar ceiling and a maximum share count.

Rhea-AI Filing Summary

The Toronto-Dominion Bank announced that Canada’s Office of the Superintendent of Financial Institutions approved its new share buyback program. The program allows repurchases for cancellation of up to C$10 billion of common shares, capped at 61 million shares, and commences October 9, 2026.

Key Figures

Buyback program amount: Up to C$10 billion Maximum shares: 61 million common shares Assets: $2.1 trillion +2 more

5 metrics

Buyback program amount Up to C$10 billion Repurchases for cancellation of common shares

Maximum shares 61 million common shares Cap on the new share buyback program

Assets $2.1 trillion TD had this amount in assets on July 31, 2026

Clients 28.2 million Clients served by TD Bank Group

Active mobile users More than 14 million Users in Canada and the U.S.

Key Terms

share buyback program, repurchase for cancellation, foreign private issuer

3 terms

share buyback program financial

"approved TD's previously announced new share buyback program"

A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.

repurchase for cancellation financial

"to repurchase for cancellation up to C$10 billion"

A repurchase for cancellation is when a company buys its own shares from the market or shareholders and then permanently cancels them, reducing the total number of shares available. For investors this matters because it concentrates ownership and typically raises measures like earnings per share—similar to slicing the same pie into fewer pieces—while using corporate cash, which can affect share value, dividends and the company’s financial flexibility.

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How large is TD’s new share buyback program?

TD’s new share buyback program allows repurchases for cancellation of up to C$10 billion of common shares, capped at 61 million shares.

When does TD’s new share buyback program begin?

The new share buyback program commences October 9, 2026. The Office of the Superintendent of Financial Institutions Canada approved the program.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/09/2026 - 07:24 AM Accepted by SEC EDGAR 10/08/2026 - 07:32 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of October, 2026. Commission File Number: 001-14446

The Toronto-Dominion Bank

(Translation of registrant's name into English)

c/o General Counsel’s Office

P.O. Box 1, Toronto Dominion Centre,

Toronto, Ontario, M5K 1A2

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F _________ Form 40-F          √         

This Form 6-K and the exhibits hereto are incorporated by reference into all outstanding Registration Statements of The Toronto-Dominion Bank filed with the U.S. Securities and Exchange Commission.  

EXHIBIT INDEX

Exhibit		Description
99.1		Press Release dated October 8, 2026 - TD Bank Group Receives Regulatory Approval for New Share Buyback Program

FORM 6-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	THE TORONTO-DOMINION BANK
DATE: October 8, 2026	By:	/s/ Sue-Anne Fox
		Name:	Sue-Anne Fox
		Title:	Associate Vice President, Legal, Treasury and Corporate Securities

 EXHIBIT 99.1

TD Bank Group Receives Regulatory Approval for New Share Buyback Program

TORONTO, October 8, 2026 /CNW/ - TD Bank Group (TD or the Bank) (TSX: TD) (NYSE: TD) announced today that the Office of the Superintendent of Financial Institutions Canada has approved TD's previously announced new share buyback program to repurchase for cancellation up to C$10 billion of its common shares, not to exceed 61 million common shares (New Buyback). The New Buyback will commence on October 9, 2026.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves 28.2 million clients in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Banking, including TD Auto Finance U.S. and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among North America's leading digital banks, with more than 14 million active mobile users in Canada and the U.S. TD had $2.1 trillion in assets on July 31, 2026. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.

For further information, contact:

Brooke Hales, Senior Vice President, Investor Relations, 416-307-8647, Brooke.Hales@td.com

Gabrielle Sukman, Senior Manager, Corporate and Public Affairs, 416-983-1854, Gabrielle.Sukman@td.com.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-991 PRESS RELEASE DATED OCTOBER 8, 2026 3.0 KB