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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
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Toronto-Dominion Bank T.TD

Alternate Symbol(s):  TD | TDBCP | T.TD.PF.A | TDOPF | T.TD.PF.C | TDBKF | T.TD.PF.D | TDOMF | T.TD.PF.E | T.TD.PF.I | T.TD.PF.J

Financial Services Banks - Global
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank's segments include Canadian Personal and Commercial Banking, which provides financial products and services to personal, small business and commercial customers, and includes TD Auto Finance Canada; U.S. Retail segment, which is comprised of personal and business banking in the United States, operating under the brand TD Bank; Wealth Management and Insurance segment includes the Canadian wealth business which provides investment products and services to institutional and retail investors, and the insurance business which provides property and casualty insurance, as well as life and health insurance products to customers across Canada, and Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking products and services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures.


TSX:TD - Post by User

Toronto-Dominion Bank
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Post by ckwongon Aug 27, 2021 6:01am
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Post# 33774709

Raising Bank’s Tax from 15% to 18% for Earning More than $1B

Raising Bank’s Tax from 15% to 18% for Earning More than $1B
If you wander what drove the bank shares (except National) down yesterday, it is because Liberal vows to raise the corporate tax on the banks with more than $1B earning next year. The following is quoted from Reuters:
 
https://www.reuters.com/world/americas/canadas-ruling-liberals-vow-raise-taxes-profits-big-banks-insurers-2021-08-25/
 
The Liberals said they would hike the rate to 18% from 15% on all earnings over C$1 billion ($793 million) and vowed to establish a special dividend, so that those same institutions contribute more. The measures are expected to generate C$2.5 billion per year over four years, starting in 2022/23.
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