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Tax Act states that:

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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

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