Q5 Single choice Mark for later Tax Act states that: A A life insurer is subject to an investment income tax of 15 percent on its `net Canadian life investmentincome B A life insurer is subject to an investment income tax of 25 percent on its `net Canadian life investmentincome C A life insurer is subject to an investment income tax of 35 percent on its `net Canadian life investmentincome D A life insurer is subject to an investment income tax of 45 percent on its `net Canadian life investmentincome Correct answer