Sun Life Financial predicts impact of U.S. tax changes [Advisor.ca (Canada)]
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: Advisor.ca
Sun Life Financial says it will take a charge to reported net income of approximately $200 million related to U.S. tax reform when it reports fourth quarter results on Feb. 14. The expected charge is a result of actuarial liabilities, deferred tax assets and deferred tax liabilities, as well as a one-time tax charge on deemed repatriation of foreign earnings, the company said in a release. Under the Tax Cuts and Jobs Act, which took effect Jan. 1, the U.S. corporate tax rate was reduced to 21% from the previous rate of 35%. As a result, Sun Life expects the tax expense included in its 2018 underlying net income to decrease by approximately $130 million. Originally published on Advisor.ca
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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