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Sun Life Financial Inc SLF


Primary Symbol: T.SLF Alternate Symbol(s):  T.SLF.PR.C | SNLIF | T.SLF.PR.E | T.SLF.PR.D | SLFIF | T.SLF.PR.G | SUNFF | T.SLF.PR.H | T.SLF.PR.J | SLFQF | T.SLF.PR.K

Financial Services Insurance - Diversified
Sun Life Financial Inc. is an international financial services company. The Company is engaged in providing asset management, wealth, insurance and health solutions to individual and institutional clients. The Company’s segments include Canada, United States (U.S.), Asset Management, Asia, and Corporate. These business segments operate in the financial services industry. The Asset Management business group includes MFS Investment Management and SLC Management business units. Its business types include Wealth & Asset Management, Group-Health & Protection, and Individual-Protection. Its Wealth & Asset Management businesses focus on investment products. Its Group-Health & Protection businesses provide health and protection benefits to employers and government plan members. Its products and services include insurance, investments, financial advice, and asset management. It has operations in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, and others.


TSX:SLF - Post by User

Sun Life Financial Inc > Raising Bank’s Tax from 15% to 18% for Earning More than $1B
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Post by ckwongon Aug 27, 2021 6:12am
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Post# 33774723

Raising Bank’s Tax from 15% to 18% for Earning More than $1B

Raising Bank’s Tax from 15% to 18% for Earning More than $1BFour out of five big banks (except National) were down yesterday even with good Q report, it is because Liberal vows to raise the corporate tax on the banks with more than $1B earning next year. Will Liberal do the same to all lifco?
 
The following is quoted from Reuters:
 
https://www.reuters.com/world/americas/canadas-ruling-liberals-vow-raise-taxes-profits-big-banks-insurers-2021-08-25/
 
The Liberals said they would hike the rate to 18% from 15% on all earnings over C$1 billion ($793 million) and vowed to establish a special dividend, so that those same institutions contribute more. The measures are expected to generate C$2.5 billion per year over four years, starting in 2022/23.
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