Sun Life expects $200-million charge in Q4 [Investment Executive - News]
Sun Life Financial Inc. (SLF)
Last sun life financial inc. earnings: 2/12 05:01 pm
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sunlife.com/global/investors?vgnlocale=en_ca
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Source: Investment Executive - News
Company News The one-time charge is due to U.S. corporate tax changes By Canadian Press | January 12, 2018 10:15 Source: The Canadian Press Companies cited in this article Toronto-based Sun Life Financial Inc. says it will take a $200-million charge related to U.S. tax reform when it reports its fourth-quarter (Q4) results. The company says the one-time hit is due to the impact of the tax changes on actuarial liabilities, deferred tax assets and liabilities and a one-time tax charge on deemed repatriation of foreign earnings. Late last year, the U.S. cut its corporate income tax rate to 21%, from 35%, as part of an overhaul of its tax laws. The move is expected to lift future earnings, but it also reduced the value of deferred tax assets held on company balance sheets, prompting firms to recognize one-time charges related to the change. Sun Life estimates that it
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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