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Interim Consolidated Statement of Income - CAD ($)
$ in Millions
3 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Interest income    
Loans [1] $ 8,022 $ 7,902
Securities    
Interest [1] 1,717 2,120
Dividends [1] 535 334
Deposits with banks [1] 120 188
Total interest income [1] 10,394 10,544
Interest expense (Note 20)    
Deposits 3,073 3,524
Securitization liabilities 127 151
Subordinated notes and debentures 107 95
Other (Note 2) 786 914
Total interest expense 4,093 4,684
Net interest income 6,301 5,860
Non-interest income    
Investment and securities services 1,279 1,164
Credit fees 335 303
Net securities gain (loss) (Note 5) 10 (11)
Trading income (loss) 316 175
Income (loss) from non-trading financial instruments at fair value through profit or loss 12 11
Income (loss) from financial instruments designated at fair value through profit or loss 26 36
Service charges 735 714
Card services 620 643
Insurance revenue 1,131 1,035
Other income (loss) (156) 68
Total non-interest income 4,308 4,138
Total revenue 10,609 9,998
Provision for credit losses (Note 6) 919 850
Insurance claims and related expenses 780 702
Non-interest expenses    
Salaries and employee benefits (Notes 14, 15) 3,033 2,852
Occupancy, including depreciation (Note 2) 438 460
Equipment, including depreciation (Note 2) 283 279
Amortization of other intangibles 202 195
Marketing and business development 194 160
Restructuring charges (recovery) (5) (1)
Brokerage-related and sub-advisory fees 85 83
Professional and advisory services 265 327
Other 972 1,500
Total non-interest expenses 5,467 5,855
Income before income taxes and equity in net income of an investment in TD Ameritrade 3,443 2,591
Provision for (recovery of) income taxes (Note 16) 659 503
Net income [2] 2,989 2,410
Preferred dividends 67 60
Net income available to common shareholders and non-controlling interests in subsidiaries 2,922 2,350
Attributable to:    
Common shareholders $ 2,922 2,332
Non-controlling interests in subsidiaries   $ 18
Earnings per share (Canadian dollars)(Note 17)    
Basic $ 1.61 $ 1.27
Diluted 1.61 1.27
Dividends per common share (Canadian dollars) $ 0.74 $ 0.67
TD Ameritrade [member]    
Non-interest expenses    
Equity in net income of an investment in TD Ameritrade (Note 7) $ 205 $ 322
[1] Includes $8,602 million and $8,685 million, for the three months ended January 31, 2020 and January 31, 2019, respectively, which have been calculated based on the effective interest rate method. Refer to Note 20.
[2] The amounts are net of income tax provisions (recoveries) presented in the following table.