On his birthday feast Tom proposed a toast to his parents.
嗯,不可以用birthday party,因为是宴会。Party是非正式场合,一般你说在party上敬酒有点奇怪
birthday feast就是真正的“生日宴会”
如果想说一个先是宴会,然后又有娱乐活动的,可以说birthday feast party.
关于propose a toast的整个过程,敬酒的动作,详见
http://www.wittcom.com/how_to_propose_a_toast.htm