GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (NYSE:BNS) » Definitions » Tax Rate %

BNS (Bank of Nova Scotia) Tax Rate % : 23.23% (As of Oct. 2024)


View and export this data going back to 1969. Start your Free Trial

What is Bank of Nova Scotia Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bank of Nova Scotia's Tax Expense for the three months ended in Oct. 2024 was $371 Mil. Bank of Nova Scotia's Pre-Tax Income for the three months ended in Oct. 2024 was $1,599 Mil. Therefore, Bank of Nova Scotia's Tax Rate % for the quarter that ended in Oct. 2024 was 23.23%.

Bank of Nova Scotia Tax Rate % Historical Data

The historical data trend for Bank of Nova Scotia'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.

Bank of Nova Scotia Tax Rate % Chart

Bank of Nova Scotia Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.38 22.38 21.33 22.97 20.48

Bank of Nova Scotia Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.07 19.51 20.43 19.09 23.23

Bank of Nova Scotia Tax Rate % Calculation

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

Bank of Nova Scotia's Tax Rate % for the fiscal year that ended in Oct. 2024 is calculated as

Tax Rate %=Tax Expense (A: Oct. 2024 )/Pre-Tax Income (A: Oct. 2024 )
=1477.066/7213.782
=20.48 %

Bank of Nova Scotia's Tax Rate % for the quarter that ended in Oct. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Oct. 2024 )/Pre-Tax Income (Q: Oct. 2024 )
=371.447/1599.186
=23.23 %

* 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.

Bank of Nova Scotia Tax Rate % Related Terms

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

Bank of Nova Scotia Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (NYSE:BNS) » Definitions » Tax Rate %
Comparable Companies
TSX:BMO TSX:CM TSX:TD TSX:NA TSX:RY JPM BAC SHSE:601398 WFC SHSE:601288 SHSE:601939 SHSE:601988 ASX:CBA LSE:HSBA ASX:NAB TSE:8306 C XSWX:UBSG TSE:8316 ASX:WBC
Traded in Other Exchanges
BNS:Mexico 0UKI:UK BKN:Germany BKN:Germany BNS:Canada
Address
1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1
Website
https://www.scotiabank.com
Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.