Employee Benefits (Tables)

3 Months Ended

Jan. 31, 2020

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Summary of Employee Benefit Plans Expenses

Defined Benefit Plan Expenses
(millions of Canadian dollars)		Principal pension plans					Principal non-pension post-retirement benefit plan				Other pension and retirement plans1
		For the three months ended
		Jan. 31 2020		Jan. 31 2019			Jan. 31 2020		Jan. 31 2019		Jan. 31 2020		Jan. 31 2019
Net employee benefit expenses
Service cost – benefits earned	$	117	$	81		$	4	$	4	$	2	$	2
Net interest cost on net defined benefit liability		4		(3	)		5		5		7		8
Defined benefit administrative expenses		2		3			–		–		1		2
Total	$	123	$	81		$	9	$	9	$	10	$	12

¹  Includes Canada Trust defined benefit pension plan, TD Banknorth defined benefit pension plan, TD Auto Finance retirement plans, and supplemental employee retirement plans. Other employee benefit plans operated by the Bank and certain of its subsidiaries are not considered material for disclosure purposes. The TD Banknorth defined benefit pension plan was frozen as of December 31, 2008, and no service credits can be earned after that date. Certain TD Auto Finance defined benefit pension plans were frozen as of April 1, 2012, and no service credits can be earned after March 31, 2012.

Summary of Expenses for Bank's Defined Contribution Plans

The following table summarizes expenses for the Bank's defined contribution plans for the three months ended January 31.

Defined Contribution Plan Expenses
(millions of Canadian dollars)	For the three months ended
	January 31 2020		January 31 2019
Defined contribution pension plans1	$	44	$	40
Government pension plans2		117		106
Total	$	161	$	146

¹  Includes defined contribution portion of the TD Pension Plan (Canada) and TD Bank, N.A. defined contribution 401(k) plan.

²  Includes Canada Pension Plan, Quebec Pension Plan, and U.S. Federal Insurance Contributions Act.

Summary of Bank Contribution to Principal Pension and Non Pension Post Retirement Benefit Plans and Significant Other Pension and Retirement Plans

The following table summarizes the Bank's contributions to its principal pension and non-pension post-retirement defined benefit plans and the Bank's significant other defined benefit pension and retirement plans during the three months ended January 31.

Defined Benefit Plan Contributions
(millions of Canadian dollars)	For the three months ended
	January 31 2020		January 31 2019
Principal pension plans	$	80	$	83
Principal non-pension post-retirement benefit plan		3		4
Other pension and retirement plans1		14		9
Total	$	97	$	96

¹ Includes Canada Trust defined benefit pension plan, TD Banknorth defined benefit pension plan, TD Auto Finance retirement plans, and supplemental employee retirement plans. Other employee benefit plans operated by the Bank and certain of its subsidiaries are not considered material for disclosure purposes.