IGM Financial (TSX:IGM) Tax Rate % : 21.59% (As of Dec. 2024)

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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. 2024 was C$70 Mil. IGM Financial's Pre-Tax Income for the three months ended in Dec. 2024 was C$326 Mil. Therefore, IGM Financial's Tax Rate % for the quarter that ended in Dec. 2024 was 21.59%.

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.

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IGM Financial Tax Rate % Chart

IGM Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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20.80

22.62

22.22

18.79

22.50

IGM Financial Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															21.70	23.04	22.55	22.90	21.59

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. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	272.171	/	1209.61
	=	22.50 %

IGM Financial's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	70.355	/	325.884
	=	21.59 %

IGM Financial Tax Rate % Related Terms

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IGM Financial Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

IGIFF:USA C7G:Germany

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 holds a 62% equity stake in IGM Financial as well as stakes in 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 IG Wealth Management subsidiary)—that provide investment management products and services. At the end of October 2024, IGM Financial had CAD 249.1 billion in AUM (including CAD 83.1 billion in AUM that was being managed for its IG Wealth Management arm) at Mackenzie Investments, CAD 120.9 billion in assets under advisement at its IG Wealth Management subsidiary, and CAD 15.6 billion in other AUA.

Executives

Nancy Mccuaig	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Patricia Milloy-alfred	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
James Patrick O'sullivan	Director, Senior Officer
Mark Richard Kinzel	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Heather Conway	Director