Land, Buildings, Equipment, Other Depreciable Assets, and Right-Of-Use Assets

12 Months Ended

Oct. 31, 2025

Land, Buildings, Equipment, Other Depreciable Assets, and Right-Of-Use Assets [Abstract]

Land, Buildings, Equipment, Other Depreciable Assets, and Right-Of-Use Assets

NOTE 14: LAND, BUILDINGS, EQUIPMENT, OTHER DEPRECIABLE ASSETS, AND RIGHT-OF-USE ASSETS

The following table presents details of the Bank’s land, buildings, equipment, and other depreciable assets as at October 31, 2025 and October 31, 2024.

Land, Buildings, Equipment, and Other Depreciable Assets

(millions of Canadian dollars)

Furniture,

fixtures,

and other

Computer

depreciable

Leasehold

Land

Buildings

equipment

assets

improvements

Total

Cost

As at November 1, 2023

$

919

$

2,555

$

917

$

1,511

$

3,679

$

9,581

Additions

–

216

153

362

485

1,216

Disposals

1

–

(9)

(65)

(137)

(127)

(338)

Fully depreciated assets

–

(22)

(143)

(171)

(289)

(625)

Foreign currency translation adjustments and other

2

6

47

(11)

2

42

86

As at October 31, 2024

925

2,787

851

1,567

3,790

9,920

Additions

–

173

167

328

321

989

Disposals

1

–

(5)

(42)

(92)

(7)

(146)

Fully depreciated assets

–

(46)

(226)

(167)

(347)

(786)

Foreign currency translation adjustments and other

2

(72)

(153)

(13)

6

21

(211)

As at October 31, 2025

$

853

$

2,756

$

737

$

1,642

$

3,778

$

9,766

Accumulated depreciation and

impairment losses

As at November 1, 2023

$

–

$

992

$

418

$

787

$

1,792

$

3,989

Depreciation charge for the year

–

93

179

165

298

735

Disposals

1

–

(9)

(62)

(134)

(108)

(313)

Impairment losses

–

–

11

7

1

19

Fully depreciated assets

–

(22)

(143)

(171)

(289)

(625)

Foreign currency translation adjustments and other

2

–

25

(4)

13

42

76

As at October 31, 2024

–

1,079

399

667

1,736

3,881

Depreciation charge for the year

–

100

176

198

300

774

Disposals

1

–

(2)

(42)

(90)

(4)

(138)

Impairment losses

–

1

21

5

2

29

Fully depreciated assets

–

(46)

(226)

(167)

(347)

(786)

Foreign currency translation adjustments and other

2

–

(74)

–

29

36

(9)

As at October 31, 2025

$

–

$

1,058

$

328

$

642

$

1,723

$

3,751

Net Book Value Excluding Right-of-Use Assets:

As at October 31, 2024

$

925

$

1,708

$

452

$

900

$

2,054

$

6,039

As at October 31, 2025

853

1,698

409

1,000

2,055

6,015

1

 Cash received from disposals was $

3

 million for the year ended October 31, 2025 (October 31, 2024 – $

22

 million).

2

 Includes amounts related to restructuring and adjustments to reclassify held-for-sale items to other assets. Refer to Note 25 for further details.

The following table presents details of the Bank’s ROU assets as recorded in accordance with IFRS 16,

Leases

. Refer to Note 17 and Note 25 for the related lease

liabilities details.

Right-of-Use Assets Net Book Value

(millions of Canadian dollars)

Computer

Land

Buildings

equipment

Total

As at November 1, 2023

$

709

$

3,101

$

32

$

3,842

Additions

3

373

48

424

Depreciation

(97)

(462)

(13)

(572)

Reassessments, modifications, and variable lease payment adjustments

21

130

(20)

131

Terminations and impairment

–

1

–

1

Foreign currency translation adjustments and other

(3)

(25)

–

(28)

As at October 31, 2024

$

633

$

3,118

$

47

$

3,798

Additions

3

490

7

500

Depreciation

(92)

(478)

(13)

(583)

Reassessments, modifications, and variable lease payment adjustments

54

295

–

349

Terminations and impairment

–

–

–

–

Foreign currency translation adjustments and other

2

51

–

53

As at October 31, 2025

$

600

$

3,476

$

41

$

4,117

Total Land, Buildings, Equipment, Other Depreciable Assets, and Right-of-Use Assets Net Book Value

(millions of Canadian dollars)

Furniture,

fixtures,

and other

Computer

depreciable

Leasehold

Land

Buildings

equipment

assets

improvements

Total

As at October 31, 2024

$

1,558

$

4,826

$

499

$

900

$

2,054

$

9,837

As at October 31, 2025

1,453

5,174

450

1,000

2,055

10,132