IGM Financial (IGM Financial) Tax Rate % : 21.70% (As of Dec. 2023)

View and export this data going back to 1986. Start your Free Trial

What is IGM Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. IGM Financial's Tax Expense for the three months ended in Dec. 2023 was $42 Mil. IGM Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $192 Mil. Therefore, IGM Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 21.70%.

IGM Financial Tax Rate % Historical Data

The historical data trend for IGM Financial's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IGM Financial Tax Rate % Chart

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

Get a 7-Day Free Trial

22.68

20.80

22.62

22.22

18.79

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															21.66	14.31	20.55	22.23	21.70

IGM Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

IGM Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	160.314	/	853.054
	=	18.79 %

IGM Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	41.643	/	191.905
	=	21.70 %

IGM Financial Tax Rate % Related Terms

Thank you for viewing the detailed overview of IGM Financial's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

IGM Financial (IGM Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines

From GuruFocus

CAMRADATA 2022 IQ Awards Recognize Multiple Mackenzie Investments Strategies

By PRNewswire PRNewswire • 03-23-2022

Mackenzie Investments Selects Bloomberg to Streamline and Automate ETF Management

By PRNewswire PRNewswire • 10-26-2021