Read frequently asked questions about common share dividends, preferred shares, and tax information, see our dividend history and use our dividend calculator.
Get answers to frequently asked questions about common share dividends, preferred shares and taxes.
Common share dividends:
On August 6, 2020, the Board of Directors declared a quarterly dividend of CAD $0.55 per common share. This dividend is payable on September 30, 2020 to shareholders of record on August 26, 2020.
View our dividend payment chart.
Shareholder dividends represent a portion of a company's earnings or profits that are distributed to shareholders. Dividends are paid on a per-share basis.
The Board of Directors considers various factors in determining if it is appropriate to declare a dividend, including the company's earnings, financial condition and capital requirements.
Subject to approval of the Board of Directors, quarterly dividends on our common shares are paid at the end of March, June, September and December.
Here are the answers to some frequently asked questions we receive about tax, and other tax information.
Sun Life Financial or its transfer agents do not provide advice on tax-related matters. The following information is for general guidance only. You should consult a tax advisor or the appropriate government agency for advice on your specific situation.
Canadian residents - No withholding tax is deducted.
Non-Canadian residents - It is a requirement of the Government of Canada to deduct a non-resident withholding tax from dividends paid to shareholders who reside outside of Canada. This tax is deducted from the gross amount of your dividend payment. You can receive the minimum tax withholding if you are a resident of a country that is part of a Tax Treaty and you complete a Declaration of Eligibility for Benefits under a Tax Treaty for a Non-Resident Taxpayer, NR301 Form. You can be subject to the following withholding tax rates:
If you are a resident of the United States and our transfer agent does not have your Tax Identification Number (TIN) on file you are subject to 28% tax withholding in addition to the non-resident withholding tax indicated above.
Download and complete a copy of the W9 TIN form. Submit the form to our transfer agent in your country of residence so your future dividends will not be subject to this withholding tax.
Sun Life Financial Inc. is a "qualified foreign corporation" under the Jobs for Growth Tax Relief Reconciliation Act of 2003 by virtue of the fact that its common shares are "readily tradable on an established securities market in the United States."
Therefore, 100% of the dividends paid to U.S. individuals should be eligible for Box 1b on IRS form 1099-DIV.
Access contact information for transfer agents worldwide or see frequently asked questions about your shareholder account.