Posted by: Pdfprep
Post Date: January 13, 2021
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
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