The Toronto-Dominion Bank (TD) 40-F 2017 FY Annual report (Canada)

Exhibit 99.6

RATIOS OF EARNINGS TO FIXED CHARGES
(millions of Canadian dollars, except as noted)
					For the year ended
			October 31		October 31		October 31		October 31		October 31
		2017		2016		2015		2014		2013
Excluding interest on deposits fixed charges:
Interest expense (excluding deposits)		$	2,435	$	1,959	$	1,950	$	2,060	$	1,938
Estimated interest within rental expense			93		127		109		106		102
Preferred stock dividend requirements of consolidated
	subsidiaries		41		35		32		28		42
Total fixed charges			2,569		2,121		2,091		2,194		2,082
Preferred stock dividend requirements of parent entity			236		176		119		172		218
Total fixed charges and preferred dividends			2,805		2,297		2,210		2,366		2,300
Earnings
Net Income before income taxes			13,071		11,404		9,794		9,734		8,009
Less: income/(loss) from equity investees			449		433		377		320		272
Add: fixed charges			2,569		2,121		2,091		2,194		2,082
Total earnings		$	15,191	$	13,092	$	11,508	$	11,608	$	9,819
Ratio of earnings to fixed charges			5.91		6.17		5.50		5.29		4.72
Ratio of earnings to fixed charges and preferred
	dividends		5.42		5.70		5.21		4.91		4.27
Including interest on deposits fixed charges:
Interest expense (including deposits)		$	9,050	$	6,717	$	6,192	$	6,373	$	6,399
Estimated interest within rental expense			93		127		109		106		102
Preferred stock dividend requirements of consolidated
	subsidiaries		41		35		32		28		42
Total fixed charges			9,184		6,879		6,333		6,507		6,543
Preferred stock dividend requirements of parent entity			236		176		119		172		218
Total fixed charges and preferred dividends			9,420		7,055		6,452		6,679		6,761
Earnings
Net Income before income taxes			13,071		11,404		9,794		9,734		8,009
Less: income/(loss) from equity investees			449		433		377		320		272
Add: fixed charges			9,184		6,879		6,333		6,507		6,543
Total earnings		$	21,806	$	17,850	$	15,750	$	15,921	$	14,280
Ratio of earnings to fixed charges			2.37		2.59		2.49		2.45		2.18
Ratio of earnings to fixed charges and preferred
	dividends		2.31		2.53		2.44		2.38		2.11