Canada's Sun Life sees $200 mln Q4 charge from U.S. tax reform [Reuters]
Sun Life Financial Inc. (SLF)
Last sun life financial inc. earnings: 2/12 05:01 pm
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Source: Reuters
Canada's Sun Life sees $200 mln Q4 charge from U.S. tax reform | Reuters Reuters Staff 2 Min Read Jan 12 (Reuters) - Canadian insurer Sun Life Financial said on Friday it will take a one-time charge of about $200 million in the fourth quarter due to the impact of the recently enacted U.S. tax reform. Last month, U.S. President Donald Trump signed a $1.5 trillion tax overhaul into law, which slashed the corporate rate from 35 percent to 21 percent. While most U.S. bank executives expect a long-term boost from the new tax code, the big lenders will first need to book multi-billion-dollar charges to adjust deferred tax assets and liabilities for the lower tax rate and also take charges related to other tax changes. Sun Life said the estimated $200 million charge reflects the impact of the tax reform on deferred tax assets and liabilities as well as a charge on estimated repatriation of foreign earnings, among other things. The insurer, which reports results on Feb. 14, also expects the t
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SLF
Earnings
- 2/7/24 - Beat
SLF
Sec Filings
- 3/27/24 - Form 6-K
- 3/26/24 - Form 6-K
- 3/25/24 - Form 6-K
- SLF's page on the SEC website