New Year's Resolution: save more money and pay less tax!

    - Tax-Free Savings Accounts now available with TD -

    TORONTO, Jan. 2 /CNW/ - A smart new year's resolution is to save for the
future. A new and easy way to do this is to open a Tax-Free Savings Account
(TFSA), now available through TD Canada Trust and TD Waterhouse.
    With a TFSA, Canadians do not pay tax on investment income and gains
earned in the account; can withdraw money without a tax penalty; can
contribute up to $5,000 in 2009 and have the ability to re-contribute any
amounts withdrawn and carry forward unused contribution room indefinitely.
    "By opening a TFSA, you can make it your new year's resolution to save
more and pay less tax," said Patricia Lovett-Reid, Senior Vice President, TD
Waterhouse. "We encourage customers to talk to us about how a TFSA can fit
into their financial plan."
    Customers can visit any TD Canada Trust or TD Waterhouse branch or call
1-866-222-3456 (TD Canada Trust) or 1-866-280-2022 (TD Waterhouse) to discuss
any of the following types of Tax-Free Savings Accounts:
    -   The TD Canada Trust TFSA which offers the High Interest TFSA Savings
        Account, and GICs and Term Deposits.
    -   The TD Mutual Funds TFSA which offers a full suite of TD Mutual Funds
        with a proven history of long-term investment performance.
    -   The TD Waterhouse Tax-Free Savings Account, which offers a broad
        range of investment options from TD Waterhouse Discount Brokerage,
        Financial Planning and Private Client Services.

    "We started pre-registering for the TFSA in late November and we've had a
strong response from our customers," said Sarah Armstrong, Associate Vice
President, Retail Products, TD Canada Trust. "Offering the TFSA to our
customers is just one part of our commitment to making banking a convenient
and comfortable experience."
    For more information on the new TFSA account, please visit or

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in
North America by branches and serves approximately 17 million customers in
four key businesses operating in a number of locations in key financial
centres around the globe: Canadian Personal and Commercial Banking, including
TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse
and an investment in TD Ameritrade; U.S. Personal and Commercial Banking
through TD Banknorth and TD Bank, America's Most Convenient Bank; and
Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks
among the world's leading online financial services firms, with more than 5.5
million online customers. TD Bank Financial Group had CDN$563 billion in
assets as of October 31, 2008. The Toronto-Dominion Bank trades under the
symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.

For further information:

For further information: Carolyn Abbass, Jennifer Meneses, Paradigm
Public Relations, (416) 203-2223; Barbara Timmins, TD
Bank Financial Group, (416) 307-6498,

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