AmericasCanadaLicensed-entity research

The Toronto-Dominion Bank

The Toronto-Dominion Bank (listed by OSFI as Toronto-Dominion Bank (The)); distinguish it from The Canada Trust Company, TD Bank, N.A., the TD Bank Group holding/group designation, and the TD Canada Trust brand. The contracting entity should be the one named in the account agreement at the time of application.

OSFI’s regulatory institution data lists The Toronto-Dominion Bank as a federally regulated domestic bank, and CDIC separately lists it as a member associated with the TD Canada Trust trade name. TD’s public personal and small-business materials confirm that some Canadian accounts can be applied for and specify related document requirements, but do not publicly confirm that all non-resident individuals or foreign-incorporated companies can open accounts.

Regulator: Office of the Superintendent of Financial Institutions Canada (OSFI); the Canada Deposit Insurance Corporation (CDIC) is a deposit protection agency, not a prudential regulator.
Check date: 2026-10-26
Verify status: Some information remains to be confirmed: The domestic bank entity record for The Toronto-Dominion Bank has been found in OSFI's official institution data, and TD's public personal/small business account-opening information and Canadian KYC/UBO, CRS/FATCA, sanctions and CDIC baselines have been verified. The official website has not confirmed general account-opening eligibility for non-resident individuals, overseas-registered businesses or overseas remote witnessing, nor individual products' contracting entities, minimum personal deposits, the complete combination of personal identity documents or review timelines.

Research scope and official resources

Topic number:americas-toronto-dominion-bank

Included based on the public large-bank screening background for 2025/2026 in selection.json. This background is a lead for identifying candidate institutions; it does not indicate a current top 100 ranking, an individual ranking, licence status, or any applicant’s account-opening eligibility.

Bank’s official website

Personal Eligibility and Documents

TD’s personal account page confirms that accounts can be applied for online. Applicants must have reached the age of majority in their province or territory of residence, provide valid identification (the website lists photo and non-photo identification options), and provide a SIN for tax reporting. TD also has information for newcomers to Canada, but the public pages reviewed do not confirm that people living abroad, visitors, or other non-Canadian residents can open an account using the same process. The general account page also does not fully list all eligible documents for every type of applicant. Eligibility for non-residents, whether applicants must be in Canada or visit a branch, and whether an alternative tax identification number is accepted all require written confirmation from TD.

Personal information publicly disclosed or identified

TD’s personal account page lists valid identification and explains that photo and non-photo identification options are available. It also states that a SIN is used for tax reporting. The page does not list every acceptable combination of identification for each province, non-residents, or application channel in its general account-opening terms. Confirm the specific documents with TD.
TD's tax page provides a non-U.S. status self-certification form applicable to TD Canada Trust personal and sole-proprietor customers; it also lists W-8BEN for TD Wealth clients and W-9 for U.S. persons. Forms are used only when applicable to the person's status and account circumstances; this does not mean that all applicants must submit all forms.
General preparation suggestion (not a published general policy checklist of TD): If the applicant does not have Canadian identification or is a non-resident, they may prepare a passport/government-issued ID, verifiable residential address documents, a tax-residency self-certification, and an applicable tax number. TD should confirm in advance whether these can be used, whether certification is required, or whether additional documents are needed.

Company eligibility and documents

TD's Canadian small business account page provides application document checklists for structures such as sole proprietorships, corporations, partnerships, and associations, and states that business documents vary by organizational structure. The page says to gather documents, choose an account type, and book an appointment with a TD Small Business Banking Specialist; the FAQ also states that accounts cannot currently be opened online and that a specialist can assist with the process by phone. The public pages do not confirm general acceptance conditions for companies incorporated abroad, businesses without a Canadian business address, or non-resident owners/signers, nor do they indicate that foreign companies can use this small business account process directly. TD should confirm these conditions in writing based on the company's place of incorporation, Canadian business activity, controllers, and signing authority.

Company information publicly disclosed or identified

For sole proprietorships, TD lists: proof of business registration; business-name registration, if applicable; and one original, valid, government-issued photo identification document.
For corporations, TD lists: Articles of Incorporation; proof of business registration; business-name registration, if applicable; a Canada Revenue Agency registered business number if soliciting donations from the public; the name, address, occupation, and employer name and address of every director; the full ownership structure and the name and address of each owner; proof of business address (for example, a utility bill or property tax bill); and one original, valid, government-issued photo identification document for each account signatory.
TD lists the following for partnerships: partnership agreement; if applicable, certificate of business registration and trade name registration; partnership/ownership information, including the complete ownership structure, names, addresses, occupations, and employer names and addresses; proof of business address (such as a utility bill or property tax bill); and each signer's name, address, occupation, employer name and address, plus one original, valid government-issued photo ID.
For associations, TD lists: articles of association, if applicable; an authorization letter from a larger association authorizing the opening and operation of the account, if applicable (the page gives a sports team or community association as examples); a Canada Revenue Agency registered business number if soliciting donations from the public; proof of business address (for example, a utility/property tax bill or a letter on the larger association’s letterhead); and one original, valid, government-issued photo identification document for each signatory.
General preparation suggestions (not a uniform additional checklist published by TD on this page): To help explain a complex multi-tier ownership structure, consider preparing an ownership/control structure chart, information on the ultimate natural-person controllers, and an explanation of the source of funds. FINTRAC's regulatory baseline may require financial institutions to verify corporate ownership information, but this does not justify claiming that TD necessarily requires the same format or the same source-of-funds document for every application.

Address, tax, and remote / witnessed procedures

Address and tax

For individuals, TD’s public pages require applicants to meet the legal age of majority in their province/territory of residence and explicitly require a SIN for tax reporting. The general account-opening page reviewed does not list proof of address that all individual applicants must submit, and does not publicly confirm an alternative Canadian address arrangement for non-residents. For businesses, TD explicitly lists utility bills or property tax bills as examples of proof of business address for corporations and partnerships; associations may also use letterhead from a larger association. TD’s tax guidance requires tax-residency self-certification where applicable. CRA CRS guidance states that new-account self-certification includes name, residential address and tax-residence jurisdiction, and, where applicable, a Canadian or foreign TIN. The SIN is a TD-page requirement for tax reporting on personal accounts and should not be generalized as the sole tax number for all non-residents or entities; applicants should prepare the tax number for their actual tax-residence jurisdiction and confirm the specific forms with the bank.

Remote / witnessing

TD’s personal account page confirms that accounts can be opened online, but does not say that online applications are generally available to applicants outside Canada or publish a global policy for video verification or witnessing by third-party notaries. TD’s small business page arranges a virtual meeting with a specialist and says that accounts cannot be opened online, though the specialist can assist by telephone. This does not verify that remote opening is available from any country or that overseas third-party witnessing is accepted.

Public process reference

Individuals: Compare personal chequing/savings accounts on TD’s website and select a product. The official website confirms that accounts can be opened online; applicants must meet the adult age requirement stated on the page and provide valid identification and a SIN. The website does not provide complete steps or an eligibility determination for non-residents.
Businesses: Organize the registration, director/ownership, address, and signatory information listed on the TD page according to the business structure; select a suitable account; and make an appointment with a TD Small Business Banking Specialist. TD says it is currently unable to open accounts online, but a specialist can assist by phone. Applicability to overseas companies and non-resident controllers must be confirmed in writing with the bank.
Before submitting, confirm with TD the legal entity named in the actual account agreement, restrictions based on the applicant’s place of residence/business registration, tax self-certification, in-person or remote identity-verification requirements, how to provide additional documents, and account terms. Public information does not specify a guaranteed review time.

Compliance topics, details, and sources

Canadian AML/KYC and identity verification

FINTRAC’s identity verification guidance expressly applies to reporting entities, including banks, and requires them to verify the identity of individuals or entities in applicable circumstances under Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its regulations. TD’s publicly available list of account-opening documents is partial, product-level information and does not represent disclosure of its full risk assessment, enhanced due diligence or client acceptance policies.

Source:FINTRAC — Methods to verify the identity of persons and entities ；TD Canada Trust — Personal Bank Accounts ；TD Canada Trust — Small Business Bank Accounts

UBO, ownership structure and source of funds/wealth

FINTRAC guidance generally identifies individuals who directly or indirectly own or control at least 25% as beneficial owners of a corporation or related entity; business due diligence also involves directors, structure and reasonable verification. Where a person is identified as a foreign politically exposed person or a specified related person, FINTRAC requires reasonable measures to establish the source of funds for a transaction/account and the source of the person’s wealth; this is not a requirement for every applicant to provide the same proof of funds. TD’s business account-opening page does require companies to disclose director details and their full ownership structure.

Source:TD Canada Trust — Small Business Bank Accounts ；FINTRAC — Beneficial ownership requirements ；FINTRAC — Politically exposed persons and heads of international organizations

Canadian tax residency information, CRS and FATCA

TD states that Canada's Income Tax Act incorporates Part XVIII of FATCA (2014 effective year) and Part XIX of the CRS (2017 effective year), and provides corresponding tax-status forms to individual/business customers. CRA's CRS guidance requires financial institutions to obtain a tax-residency self-certification for relevant new accounts and, in reportable cases, collect tax jurisdictions and applicable TINs. U.S. tax-law FATCA status identification and the CRS are separate regimes; this entry does not claim that the United States is a CRS participating jurisdiction.

Source:TD — Income Tax Act ；CRA — Guidance on the Common Reporting Standard

Canadian sanctions and reporting of sanctions evasion

Canadian sanctions lists cover specified designated persons under the Special Economic Measures Act and the Justice for Victims of Corrupt Foreign Officials Act, but the lists themselves are administrative compilations, have no force of law and may be out of date; the relevant regulations prevail. FINTRAC states that, from 2024-08-19, reporting entities must file a suspicious transaction report for completed or attempted transactions where there are reasonable grounds to suspect a connection to sanctions evasion. This is a Canadian jurisdictional baseline, not a statement about TD’s unpublished internal screening procedures.

Source:Global Affairs Canada — Consolidated Canadian Autonomous Sanctions List ；FINTRAC — Special Bulletin on financial activity associated with suspected sanctions evasion

CDIC deposit protection (not account-opening eligibility or a banking licence)

The CDIC member directory lists Toronto-Dominion Bank (The) as a member and associates the TD Canada Trust trade name with it. CDIC states that eligible deposits are insured separately at each member institution and in each insured category, up to a combined maximum of CAD 100,000 for principal and interest. Joint accounts, registered accounts and other categories are calculated separately. Other member legal entities are listed separately under the same family of brands; coverage must be confirmed based on the actual member institution and product category specified in the deposit agreement. Securities, funds and crypto assets are not eligible deposits listed on that page.

Source:OSFI — Who we regulate financial institutions CSV ；CDIC — What's covered

Account Opening Compliance Information

Account Opening Compliance and Document Preparation Guide

This page lists separately the requirements published by the bank, local regulations, and document preparation suggestions. Acceptance and specific requirements are subject to confirmation by the bank.

This guide is for applicants considering applying for a personal or small-business account in Canada through TD Canada Trust, and focuses on account-opening documentation, verification of control, and account maintenance. TD’s website states that small-business documents vary by organizational structure and provides for a meeting with a small-business specialist. Public materials do not confirm general eligibility for non-resident individuals, companies incorporated abroad, or particular industries, nor do they establish the contracting legal entity for every product. These matters must be verified with TD on a case-by-case basis.

Date information checked:2026-10-26

Document Preparation Checklist

Business formation, ownership and control chain

Who it applies to: Companies, partnerships and sole proprietorships; may be useful preparation for organizations or complex multi-layer ownership structures, but is not a one-size-fits-all checklist published by TD.
Documents to Prepare: Proof of company registration/good standing and organizational documents; partnerships may prepare a partnership agreement.
Shareholder or member register, ownership percentages, and list of directors/managers; for multi-tier corporate structures, prepare an ownership chart for each level and identify the ultimate natural-person controller.
Prepare documentation of the business address, such as a recent utility bill or property tax bill. This is a reasonable preparation measure and does not mean TD requires the same proof of address from every business.
Description: TD's page only specifies that document requirements vary by business organization type and asks applicants to gather documents, choose an account, and book an appointment with a TD Small Business Banking Specialist; the page does not fully publish document lists by type, document validity periods, or rules for certified copies or translations. Prepare originals and clear copies, and confirm at the appointment whether electronic, certified, and translated documents are acceptable.

Source:TD Canada Trust — Small Business Bank Accounts；FINTRAC — Beneficial ownership requirements

Applicant, signatories, and evidence of authorisation

Who it applies to: Individual applicants, company directors/controllers and account signatories; TD must confirm the specific combination of documents.
Documents to Prepare: Individuals may first prepare a valid passport or government-issued identification and compile their name, date of birth, residential address, and tax residence information.
Businesses may prepare a board or partners' authorisation resolution, a list of account signatories, and the scope of their authority.
Cross-check identification details for signatories and ultimate controllers against the company registration and ownership chart, and be ready to explain discrepancies in name spelling or address.
Description: The above is a general preparation recommendation to facilitate verification of identity and authority; it does not claim that TD invariably requires a passport, specific proof of address, in-person presentation of originals, or third-party notarization. Acceptable documents, remote verification, and alternative documents for non-residents have not been publicly confirmed.

Source:TD Canada Trust — Small Business Bank Accounts；FINTRAC — Beneficial ownership requirements

Tax Residency, Business Purpose, and Source-of-Funds Evidence

Who it applies to: Individual and entity account holders; prepare according to the account, tax status, and scope of the bank's follow-up requests.
Documents to Prepare: Organize the tax residence jurisdiction, applicable tax identification number (TIN), and relevant self-certification documents for each account holder/entity. Canadian CRS Forms RC520/RC521 may be used as a reference; use the actual forms provided by TD.
Prepare a one-page business summary covering products/services, locations of main customers and suppliers, expected monthly payments and receipts, main currencies, and reasons for cross-border payments and receipts.
If the bank asks, contracts, invoices, financial statements, existing bank statements or asset-disposal/income records can be used to explain anticipated transactions and the source of funds. Do not mistake the suggested documents for a fixed submission requirement for every customer.
Description: CRA guidance requires financial institutions to obtain tax-residency self-certifications in relevant circumstances. Whether the bank requests specific source-of-funds or source-of-wealth documents depends on the individual case and its unpublished risk assessment.

Source:Canada Revenue Agency — Guidance on the Common Reporting Standard；FINTRAC — Ongoing monitoring requirements

Due diligence and enhanced verification

Beneficial Owners and Control Structure

Basis for Verification: FINTRAC guidance in Canada requires financial entities, in applicable entity identity-verification cases, to obtain the names of all directors. For a corporation, they must also obtain the names and addresses of persons who directly or indirectly own or control at least 25% of its shares or units; for other entities, they must obtain the names and addresses of persons who directly or indirectly own or control at least 25% of the entity. In all cases, they must obtain sufficient information to explain ownership, control and structure. Banks must take reasonable measures to confirm that the information is accurate, with enhanced verification required for complex structures or higher-risk situations. This threshold is specific to the relevant Canadian rules and must not be treated as a universal global standard.
Preparation recommendation: Submit a tier-by-tier ownership chart, a percentage table, and a list of directors/controllers, and prepare the articles of association, shareholder register, shareholders’ agreement, partnership agreement, or registration documents for verification. Attach the date of each change and an explanation of any discrepancies. The specific requirements on TD’s website vary by business type; TD will confirm the required format and any additional control tests.
Scope: Canadian regulatory/FINTRAC requirements; not a publicly disclosed TD internal form or a uniform document checklist for all applicants.

Source:FINTRAC — Beneficial ownership requirements

Business relationship, expected transactions and risk review

Basis for Verification: FINTRAC requires reporting entities to keep client information and beneficial ownership under review, review the purpose and expected nature of business relationships, and assess whether activity is consistent with the information available and the risk assessment. The review frequency depends on the bank’s risk assessment; the same calendar interval is not prescribed for all clients. High-risk clients are subject to enhanced ongoing monitoring.
Preparation recommendation: Describe the normal range of transactions truthfully when opening the account. Keep contracts, invoices, payment trails, and source-of-funds records so you can promptly explain transactions that deviate from expectations in amount, country/currency, or counterparty. This is a preparation recommendation to assist with the bank’s review, not a uniform document-submission format prescribed for customers by FINTRAC.
Scope: Local regulations set out obligations for banks/reporting entities; no TD internal risk ratings, limits, or acceptance policies are disclosed or inferred.

Source:FINTRAC — Ongoing monitoring requirements

Tax Residency Status and CRS Self-Certification

Basis for Verification: CRA guidance says financial institutions generally must obtain a self-certification for new accounts to identify the account holder’s tax residence; one may also be required again when circumstances change. A self-certification generally includes identity information, tax-residence jurisdictions and information reasonably needed for due diligence and reporting. CRS is a tax-reporting regime, not AML identity verification.
Preparation recommendation: Accurately list all tax-residence jurisdictions and applicable TINs. If you move, acquire or lose tax-resident status, or your entity classification changes, proactively ask TD whether you need to update your self-certification, and keep a copy of the submitted form.
Scope: Canadian tax legislation/CRA guidance; TD determines whether an account is reportable and which forms are required.

Source:Canada Revenue Agency — Guidance on the Common Reporting Standard

Ongoing Compliance Requirements After Account Opening

Changes to tax information

CRA guidance identifies a change in circumstances as a possible trigger for a new self-certification. As a precaution, contact TD promptly to update information if tax-residence jurisdictions, TINs or entity classification change. Public materials do not specify TD’s notification deadline or review cycle.

Source:Canada Revenue Agency — Guidance on the Common Reporting Standard

Maintaining Identity, Shareholding, Authorization, and Business Information

FINTRAC’s ongoing monitoring obligations are the bank’s responsibility. They require the bank to review information periodically on a risk basis and keep client identity, beneficial ownership and business purpose information up to date; the frequency is determined by the risk assessment. Clients are advised to ask TD how to update its records when directors, controlling persons, signing authorities, address or business model change, and to retain registration documents and authorization resolutions. This advice does not represent a verified fixed notification deadline set by TD.

Source:FINTRAC — Beneficial ownership requirements；FINTRAC — Ongoing monitoring requirements

Transaction explanations and record retention

It is advisable to retain contracts, invoices, source-of-funds and counterparty information, and respond promptly to bank inquiries about unusual transactions or transactions that differ from the account-opening expectations. FINTRAC’s requirement to retain monitoring records for at least five years applies to monitoring records held by reporting entities; it should not be misrepresented as a direct legal requirement for clients to retain all documents for five years.

Source:FINTRAC — Ongoing monitoring requirements

Please confirm with the bank before booking

Which legal entity will be the contracting party for the account associated with this application? Do the applicant’s place of residence, company’s place of registration, and actual place of business meet the account eligibility requirements?
Does TD accept applications from non-Canadian-resident individuals or companies incorporated abroad? Does it require Canadian business ties, an address, or an in-branch visit?
For my company’s legal form, what registration, director, ownership, and signing-authority documents does TD require? How should ultimate controller information be completed?
Which documents must be originals, certified copies, or translations? Are electronic copies, remote identity verification, and documents issued abroad accepted?
Which tax self-certification forms and tax numbers must individuals/entities use? How should changes in tax residency or control be reported?
What are the current account fees, initial deposit, estimated review time, cross-border transaction restrictions and arrangements for subsequent document reviews?

Not confirmed by public information

TD’s public pages do not confirm general eligibility for non-resident individuals, foreign-incorporated companies, or applicants without a Canadian business address. They also do not confirm worldwide remote account opening or witnessing by a third party.
The account-opening page available on the official website says only that documents vary according to the corporate structure; the content retrieved in this review does not fully disclose all document formats, certification/translation standards, or validity periods. Follow the case-specific checklist provided by the appointment specialist.
The bank’s internal customer risk appetite, PEP/sanctions screening processes, triggers for source-of-funds documents, case-specific timeframes, and transaction limits are not public; this does not support an inference that an application will necessarily be accepted or rejected.
The specific contracting legal entity, product fees, and channels for updating information after account opening are subject to the proposed product agreement and confirmation from TD. This information does not guarantee account opening.

Sources & Scope of Verification

TD Canada Trust — Small Business Bank Accounts
TD’s official Canadian small business page says that documents are collected according to the business structure, that customers select an account, and that they book an appointment with a TD Small Business Banking Specialist. The public content retrieved from the website does not list complete document requirements by business type and does not establish eligibility for applicants outside Canada.
FINTRAC — Beneficial ownership requirements
Canadian entity due diligence: information on directors, 25% beneficial owners, ownership and control structure, and reasonable verification measures; the requirements apply to reporting entities and are not a universal global threshold.
Canada Revenue Agency — Guidance on the Common Reporting Standard
Canadian CRS due diligence, identity/tax-residency self-certification, treatment of relevant new accounts and changes in circumstances; used for tax information and does not replace AML identity verification.
FINTRAC — Ongoing monitoring requirements
The report describes ongoing monitoring of entities, updating customer/beneficial ownership/business relationship information, setting review frequency based on risk and enhanced monitoring for high-risk cases; do not rewrite the bank’s responsibilities or its record-retention periods as uniform statutory obligations of the customer.

Fees and timelines

TD's small business account page explicitly states that no initial minimum deposit is required to open an account, but this does not mean the product has no monthly fee and does not apply to all accounts. The general account-opening pages reviewed did not confirm personal account minimums, product fees, review times, transfer limits, or additional fees for applications from abroad. Before applying, check the current rates/agreement for the relevant product and confirm with TD.

Limitations and practical considerations

This entry covers only Canada’s The Toronto-Dominion Bank and excludes TD Bank, N.A., which is regulated in the United States. TD Canada Trust is an operating/business name and should not automatically be treated as a single contracting legal entity. CDIC also lists other legal entities, including The Canada Trust Company, separately; the contracting entity for a specific account product should be determined from the account agreement.
No public evidence confirms that non-Canadian-resident individuals or foreign-incorporated companies can apply for the relevant accounts, or supports worldwide video account opening, third-party witnessing or opening without visiting a branch. Written confirmation should be obtained from TD based on the applicant’s identity, residence, company jurisdiction of incorporation, beneficial owners and signatories.
Account opening is subject to TD’s independent review and compliance with its Canadian legal and internal compliance requirements. This information must not be used to circumvent identity verification, beneficial ownership identification, tax reporting, source-of-funds reviews, or sanctions screening.
This public-information research is not a statement that Rengangyongsheng can currently arrange an appointment with a bank, a commitment to open an account, or a guarantee of customer eligibility.

Licensing evidence and regulatory verification

An exact record, “Toronto-Dominion Bank (The),” was found in the official CSV “Who we regulate financial institutions,” published on the Government of Canada open data portal and provided by OSFI. It is classified as Federally Regulated Financial Institutions / Banks / Domestic Banks, and lists a Toronto address and information about the group president and chief executive officer. This is a direct register record for a specific supervised banking entity, not merely the register landing page. The register itself does not provide a bank licence number or separate charter document. This entry therefore confirms that it is listed as a domestic bank by OSFI; it does not imply that other legal entities within TD Group are the same entity. If a licence document is required or the contracting entity for a specific deposit product needs to be established, confirm separately with OSFI/TD. CDIC lists Toronto-Dominion Bank (The) and the trade name TD Canada Trust as a member; a CDIC register entry is a deposit insurance membership record and does not replace verification of a bank licence.

Office of the Superintendent of Financial Institutions Canada (OSFI); the Canada Deposit Insurance Corporation (CDIC) is a deposit protection agency, not a prudential regulator. Official registration or record

Information sources

TD Canada Trust — Personal Bank Accounts
TD personal account types; online account opening; the age of majority in the applicant’s province or territory of residence; acceptable photo and non-photo identification options; and use of a SIN for tax reporting. This does not support a conclusion that non-residents are generally eligible.
TD Canada Trust — Small Business Bank Accounts
Small-business account opening steps; documents listed for sole proprietorships, companies, partnerships and associations; virtual appointments/phone assistance; inability to open online; and no initial minimum deposit.
OSFI — Who we regulate financial institutions CSV
The CSV specifically lists Toronto-Dominion Bank (The), with FI Type as Federally Regulated Financial Institutions, FI Group as Banks, and FI Industry as Domestic Banks. This is a record for a specific institution, not merely an entry point to a regulatory directory.
TD — Income Tax Act
Explanation of how Canada’s Income Tax Act implements FATCA Part XVIII and CRS Part XIX, and the purposes of TD Canada Trust’s non-U.S.-person self-certification forms for individuals/businesses, applicable W-8 forms and W-9 forms for U.S. persons.
CDIC — List of member institutions
The membership list separately names The Canada Trust Company, TD Mortgage Corporation, TD Pacific Mortgage Corporation, and Toronto-Dominion Bank (The), and associates the trade name TD Canada Trust with the relevant members; this illustrates that a brand and its member legal entities should be distinguished.
FINTRAC — Methods to verify the identity of persons and entities
Jurisdictional baseline for Canadian reporting entities, including banks, to verify the identity of individual and entity customers under applicable rules.
FINTRAC — Beneficial ownership requirements
Natural-person criteria for beneficial ownership, the general 25% direct or indirect ownership/control threshold, director and control-structure information, and verification and recordkeeping requirements for financial institutions.
FINTRAC — Politically exposed persons and heads of international organizations
Canadian rules applicable where there is a PEP or related-person connection, covering the determination of the source of funds or virtual currency and source of personal wealth, risk handling, and management review.
CRA — Guidance on the Common Reporting Standard
CRS due diligence and reporting by Canadian financial institutions; tax residency self-certification at account opening; residential address; tax-residence jurisdictions; and applicable Canadian or foreign TINs. The United States is not a CRS participating jurisdiction.
Global Affairs Canada — Consolidated Canadian Autonomous Sanctions List
Canada’s Consolidated Autonomous Sanctions List covers persons designated under SEMA and JVCFOA. The list is for administrative purposes and has no force of law; consult the relevant legislation for actual obligations. This page indicates it was updated on 2026-9-22 and notes that the list may lag behind.
FINTRAC — Special Bulletin on financial activity associated with suspected sanctions evasion
From 2024-08-19, Canadian reporting entities must file suspicious transaction reports for completed or attempted transactions where there are reasonable grounds to suspect a connection to sanctions evasion; also describes related obligations under sanctions laws.
CDIC — What's covered
Eligible deposit categories and excluded products; coverage of up to CAD 100,000 in combined principal and interest per member institution, per category.

Verification

Research verification

Most recently verified: 2026-10-26
Status: Some information remains to be confirmed: The domestic bank entity record for The Toronto-Dominion Bank has been found in OSFI's official institution data, and TD's public personal/small business account-opening information and Canadian KYC/UBO, CRS/FATCA, sanctions and CDIC baselines have been verified. The official website has not confirmed general account-opening eligibility for non-resident individuals, overseas-registered businesses or overseas remote witnessing, nor individual products' contracting entities, minimum personal deposits, the complete combination of personal identity documents or review timelines.
Author: Drew

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