Labrador Iron Ore Royalty (TSX:LIF) Tax Rate % : 22.84% (As of Dec. 2024)

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What is Labrador Iron Ore Royalty Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Labrador Iron Ore Royalty's Tax Expense for the three months ended in Dec. 2024 was C$9.5 Mil. Labrador Iron Ore Royalty's Pre-Tax Income for the three months ended in Dec. 2024 was C$41.4 Mil. Therefore, Labrador Iron Ore Royalty's Tax Rate % for the quarter that ended in Dec. 2024 was 22.84%.

Labrador Iron Ore Royalty Tax Rate % Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Tax Rate % Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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18.56

14.58

19.88

21.46

20.13

Labrador Iron Ore Royalty 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															24.23	23.28	14.72	19.23	22.84

Labrador Iron Ore Royalty Tax Rate % Calculation

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

Labrador Iron Ore Royalty'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 )
	=	44.119	/	219.158
	=	20.13 %

Labrador Iron Ore Royalty'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 )
	=	9.451	/	41.38
	=	22.84 %

Labrador Iron Ore Royalty Tax Rate % Related Terms

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Labrador Iron Ore Royalty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (TSX:LIF) » Definitions » Tax Rate %

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LIFZF:USA

Address

31 Adelaide Street East, Po Box 957, Scotia Centre, Toronto, ON, CAN, M5C 2K3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company is economically dependent on its subsidiary. The company, through its subsidiary, is engaged in mining the iron ore present on the IOC Lands leased under the Labrador Sublease and operating the associated mining facilities and plants required for the production of iron ore concentrate and pellets. These facilities are located at Labrador City. In normal circumstances, the subsidiary operates its facilities 24 hours a day on a year-round basis. The company generates the majority of its revenue from IOC royalties.

Executives

Dorothea Mell	Director
Douglas Mccutcheon	Director
Sandra Louise Rosch	Director
John Tuer	Director, Senior Officer
William J Corcoran	Director
Duncan Newton Rowell Jackman	Director
William Hugh Mcneil	Director
Patricia Mary Volker	Director