 | |
| Formerly | Toronto General Trusts Company (1872–1899) |
|---|---|
| Industry | financial service activities, except insurance and pension funding  |
| Founded | 2 March 1872 |
| Defunct | 30 November 1961 |
| Fate | Merged with Canada Permanent Trust |
| Headquarters | 253 Bay Street, |
The Toronto General Trusts Corporation was a Canadian trust company that existed from 1872 to 1961. The country's first trust company, the TGT received its charter in 1872, but did not begin operations until 1882. Founded as the Toronto General Trusts Company, in 1899 it took over the Trust Corporation of Ontario, at which time it changed its name to the Toronto General Trusts Corporation. By the 1950s, Toronto General was Canada's fourth largest trust company after Royal Trust, Montreal Trust, and National Trust.
In 1961, the Toronto-Dominion Bank acquired a controlling interest in Toronto General. Toronto-Dominion proceeded to merge the TGT with Canada Permanent Trust. The new merged company operated as the Canada Permanent Toronto General Trust Company until 1963, when it reverted to the Canada Permanent Trust name. In 1985 Canada Permanent merged into Canada Trust, which in 2000 became a subsidiary of the Toronto-Dominion Bank.