diff --git a/packages/compiler-cli/src/ngtsc/typecheck/src/type_check_block.ts b/packages/compiler-cli/src/ngtsc/typecheck/src/type_check_block.ts
index 7026b2ad5e112f..a5178194cda13d 100644
--- a/packages/compiler-cli/src/ngtsc/typecheck/src/type_check_block.ts
+++ b/packages/compiler-cli/src/ngtsc/typecheck/src/type_check_block.ts
@@ -2287,6 +2287,20 @@ class TcbExpressionTranslator {
    * context). This method assists in resolving those.
    */
   protected resolve(ast: AST): ts.Expression|null {
+    // TODO: this is actually a bug, because `ImpliticReceiver` extends `ThisReceiver`. Consider a
+    // case when the explicit `this` read is inside a template with a context that also provides the
+    // variable name being read:
+    // ```
+    // <ng-template let-a>{{this.a}}</ng-template>
+    // ```
+    // Clearly, `this.a` should refer to the class property `a`. However, becuase of this code,
+    // `this.a` will refer to `let-a` on the template context.
+    //
+    // Note that the generated code is actually consistent with this bug. To fix it, we have to:
+    // - Check `!(ast.receiver instanceof ThisReceiver)` in this condition
+    // - Update `ingest.ts` in the Template Pipeline (see the corresponding comment)
+    // - Turn off legacy TemplateDefinitionBuilder
+    // - Fix g3, and release in a major version
     if (ast instanceof PropertyRead && ast.receiver instanceof ImplicitReceiver) {
       // Try to resolve a bound target for this expression. If no such target is available, then
       // the expression is referencing the top-level component context. In that case, `null` is
diff --git a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/TEST_CASES.json b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/TEST_CASES.json
index b4318ea8007e70..55df8b8385b717 100644
--- a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/TEST_CASES.json
+++ b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/TEST_CASES.json
@@ -399,8 +399,7 @@
         {
           "failureMessage": "Incorrect template"
         }
-      ],
-      "skipForTemplatePipeline": true
+      ]
     }
   ]
 }
diff --git a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/ng_template_implicit.js b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/ng_template_implicit.js
index 968fac79c23b0a..bd438ff81bac8c 100644
--- a/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/ng_template_implicit.js
+++ b/packages/compiler-cli/test/compliance/test_cases/r3_view_compiler_template/ng_template_implicit.js
@@ -2,6 +2,7 @@ MyComponent_ng_template_0_Template(rf, ctx) {
 	if (rf & 1) {
 		i0.ɵɵtext(0);
 	} if (rf & 2) {
+		// NOTE: The fact that `this.` still refers to template context is a TDB and TCB bug; we should fix this eventually.
 		const $a_r1$ = ctx.$implicit;
 		i0.ɵɵtextInterpolate($a_r1$);
 	}
diff --git a/packages/compiler/src/template/pipeline/src/ingest.ts b/packages/compiler/src/template/pipeline/src/ingest.ts
index e811e30f805349..1bcf5bbeaf1dbc 100644
--- a/packages/compiler/src/template/pipeline/src/ingest.ts
+++ b/packages/compiler/src/template/pipeline/src/ingest.ts
@@ -654,7 +654,30 @@ function convertAst(
   if (ast instanceof e.ASTWithSource) {
     return convertAst(ast.ast, job, baseSourceSpan);
   } else if (ast instanceof e.PropertyRead) {
-    if (ast.receiver instanceof e.ImplicitReceiver && !(ast.receiver instanceof e.ThisReceiver)) {
+    const isThisReceiver = ast.receiver instanceof e.ThisReceiver;
+    // Whether this is an implicit receiver, *excluding* explicit reads of `this`.
+    const isImplicitReceiver =
+        ast.receiver instanceof e.ImplicitReceiver && !(ast.receiver instanceof e.ThisReceiver);
+    // Whether the  name of the read is a node that should be never retain its explicit this
+    // receiver.
+    const isSpecialNode = ast.name === '$any' || ast.name === '$event';
+    // TODO: The most sensible condition here would be simply `isImplicitReceiver`, to convert only
+    // actual implicit `this` reads, and not explicit ones. However, TemplateDefinitionBuilder (and
+    // the Typecheck block!) both have the same bug, in which they also consider explicit `this`
+    // reads to be implicit. This causes problems when the explicit `this` read is inside a
+    // template with a context that also provides the variable name being read:
+    // ```
+    // <ng-template let-a>{{this.a}}</ng-template>
+    // ```
+    // The whole point of the explicit `this` was to access the class property, but TDB and the
+    // current TCB treat the read as implicit, and give you the context property instead!
+    //
+    // For now, we emulate this old behvaior by aggressively converting explicit reads to to
+    // implicit reads, except for the special cases that TDB and the current TCB protect. However,
+    // it would be an improvement to fix this.
+    //
+    // See also the corresponding comment for the TCB, in `type_check_block.ts`.
+    if (isImplicitReceiver || (isThisReceiver && !isSpecialNode)) {
       return new ir.LexicalReadExpr(ast.name);
     } else {
       return new o.ReadPropExpr(