Tax Act states that:
A) A life insurer is subject to an investment income tax of 15 percent on its 'net Canadian life investment income
B) A life insurer is subject to an investment income tax of 25 percent on its 'net Canadian life investment income
C) A life insurer is subject to an investment income tax of 35 percent on its 'net Canadian life investment income
D) A life insurer is subject to an investment income tax of 45 percent on its 'net Canadian life investment income
Correct Answer:
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