Exhibit 99.4

RETURN ON ASSETS, DIVIDEND PAYOUTS, AND EQUITY TO ASSETS RATIOS^1,2

	For the three months ended												For the year ended
	October 31 2018			July 31 2018			April 30 2018			January 31 2018			October 31 2018			October 31 2017			October 31 2016
Return on Assets – reported3		0.86	%		0.92	%		0.92	%		0.72	%		0.86	%		0.84	%		0.76	%
Return on Assets – adjusted4		0.89			0.93			0.97			0.91			0.92			0.85			0.79
Dividend Payout Ratio – reported5		42.3			40.5			43.4			48.4			43.4			42.6			46.1
Dividend Payout Ratio – adjusted6		41.1			40.2			41.3			38.4			40.3			42.3			44.3
Equity to Asset Ratio7		5.8			5.9			5.9			5.9			5.9			6.1			6.1

¹  Calculated pursuant to the U.S. Securities and Exchange Commission Industry Guide 3.

²  The Bank’s financial results are prepared in accordance with International Financial Reporting Standards (IFRS), the current generally accepted accounting principles (GAAP). The Bank refers to results prepared in accordance with IFRS as “reported” results. The Bank also utilizes non-GAAP financial measures referred to as “adjusted” results to assess each of its businesses and to measure overall Bank performance. Please refer to the “Financial Results Overview” section in the Bank’s 2018 Management’s Discussion and Analysis (www.td.com/investor) for further explanation on reported and adjusted results, a list of the items of note, and a reconciliation of non-GAAP measures.

³  Calculated as reported net income available to common shareholders and non-controlling interests (NCI) in subsidiaries divided by average total assets.

⁴  Calculated as adjusted net income available to common shareholders and NCI in subsidiaries divided by average total assets.

⁵  Calculated as dividends declared per common share divided by reported basic earnings per share.

⁶  Calculated as dividends declared per common share divided by adjusted basic earnings per share.

⁷  Calculated as average total equity (including NCI in subsidiaries) divided by average total assets.