Tax Act states that:

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

Answer: A