TD Canada Trust

TD Canada Trust
Company typeDivision
IndustryFinancial services
Founded2000 (2000)
Headquarters
Toronto, Ontario
,
Canada
Number of locations
Approximately 1,100 branches, and 2,600 ATMs
Area served
Canada
Key people
Raymond Chun (CEO of TD Bank Group)
ServicesBanking
Revenue
  • CA$43.6 billion
  • CA$41.1 billion
ParentTD Bank Group
Websitewww.td.com/ca/en/personal-banking

TD Canada Trust, commonly shortened in marketing to simply TD, is the Canadian commercial banking division of the multinational TD Bank Group. Legally, "TD Canada Trust" is a trade name used by the Toronto-Dominion Bank and its Canadian subsidiaries, and is not a standalone company. It is the second-largest commercial bank in Canada by assets, behind only the Royal Bank of Canada. TD Canada Trust offers a range of financial services and products to more than 10 million Canadian customers through more than 1,100 branches and 2,600 ATMs.

In addition to the countrywide network of TD branches and ATMs in Canada, the bank has a network of mobile mortgage specialists, financial planners, private bankers, investment advisors, and portfolio managers and contributes a significant portion of TD Bank Group's overall revenues and earnings.

The current TD Canada Trust division was formed after TD's acquisition of Canada Trust in 2000; prior to this merger, the institution's retail operations were branded TD Bank. All new and most existing accounts are officially issued by Toronto-Dominion Bank (institution number: 004), although Canada Trust (institution number: 509) remains a separate subsidiary entity, and it remains the issuer of accounts opened at that institution prior to the merger.

The parent company, TD Bank Group, is a multinational financial services corporation headquartered in Toronto, Ontario, created on 1 February 1955, through the merger of The Bank of Toronto (founded 1855) and The Dominion Bank (founded 1869). In addition to its extensive Canadian retail operations, TD Bank Group has a major presence in the United States, where it operates as TD Bank, America's Most Convenient BankĀ®, and provides global wholesale banking services through its TD Securities division.

Since 2012, TD has been phasing out the "Canada Trust" part of its name from its logo online, in advertisements, and on stationery.

TD Canada Trust is known for its customer-centric approach, such as extended branch hours and high-ranking digital banking platforms, and has consistently been recognized for customer satisfaction and digital innovation. TD Canada Trust's history is marked by expansion through mergers and acquisitions, the introduction of new technologies (like online banking and mobile apps), and an emphasis on community involvement.