<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:c74e05f1-8cd4-4957-9dfa-361a3e138cd3,g:93e663a3-2cee-4e28-9e0b-41be9a008eb6-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.brookfield.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="bam-20211231.xsd#CONSOLIDATEDBALANCESHEETS"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CONSOLIDATEDBALANCESHEETS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents_88396d03-a185-4c8d-bdfa-34d9f331b29e" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_CashAndCashEquivalents_88396d03-a185-4c8d-bdfa-34d9f331b29e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialAssets_10ffcc97-35e8-45dc-82ea-11f9f1ae35d9" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherFinancialAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_OtherFinancialAssets_10ffcc97-35e8-45dc-82ea-11f9f1ae35d9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivables_02011939-c638-4675-860f-270bd3dc7274" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherReceivables"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_TradeAndOtherReceivables_02011939-c638-4675-860f-270bd3dc7274" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal_2eacded0-2a06-4c8b-bf2c-8b4547c11d54" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InventoriesTotal"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_InventoriesTotal_2eacded0-2a06-4c8b-bf2c-8b4547c11d54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Assetsclassifiedasheldforsale_cc3998bd-a617-4660-87e6-e3b3f9a16926" xlink:href="bam-20211231.xsd#bam_Assetsclassifiedasheldforsale"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_bam_Assetsclassifiedasheldforsale_cc3998bd-a617-4660-87e6-e3b3f9a16926" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_32d4a4ce-b0bb-43fc-a194-16f4354af528" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_32d4a4ce-b0bb-43fc-a194-16f4354af528" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_e56f00ba-d70b-4fd9-83e8-ab6c9bd03548" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentProperty"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_InvestmentProperty_e56f00ba-d70b-4fd9-83e8-ab6c9bd03548" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_0caa7423-47d0-47fd-bf6f-20b7dd4f0194" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_0caa7423-47d0-47fd-bf6f-20b7dd4f0194" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_222a402d-945a-4983-8856-efeae525dc0f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_222a402d-945a-4983-8856-efeae525dc0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_c8a30be3-24ea-4893-a0b3-e4db2dd2afdb" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_Goodwill_c8a30be3-24ea-4893-a0b3-e4db2dd2afdb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_6b91c4d0-6a30-45ce-aea2-92672d6dc939" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_39cf3791-e5cb-466a-b6d2-6a243f18d992" xlink:to="loc_ifrs-full_DeferredTaxAssets_6b91c4d0-6a30-45ce-aea2-92672d6dc939" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayables_841166ba-f048-439b-bdc4-a33784c5f5e0" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:to="loc_ifrs-full_TradeAndOtherPayables_841166ba-f048-439b-bdc4-a33784c5f5e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_e1ec0b86-aae7-4bd5-b532-9a93726d8393" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Equity"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:to="loc_ifrs-full_Equity_e1ec0b86-aae7-4bd5-b532-9a93726d8393" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilities_3c04190c-6fb4-4d41-a2b9-bed6489eebbe" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_FinancialLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:to="loc_ifrs-full_FinancialLiabilities_3c04190c-6fb4-4d41-a2b9-bed6489eebbe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_c9d72fbe-21fd-4436-a075-4774b72e5da0" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:to="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_c9d72fbe-21fd-4436-a075-4774b72e5da0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Nonrecourseborrowingsofmanagedentities_870a9a79-cd96-4c2c-a25f-ce99938acafe" xlink:href="bam-20211231.xsd#bam_Nonrecourseborrowingsofmanagedentities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:to="loc_bam_Nonrecourseborrowingsofmanagedentities_870a9a79-cd96-4c2c-a25f-ce99938acafe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_5b0e5f87-931a-4ec2-83ad-1a046fbdfeac" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_7dd4a898-675c-47d5-a5aa-09168084872e" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_5b0e5f87-931a-4ec2-83ad-1a046fbdfeac" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="simple" xlink:href="bam-20211231.xsd#CONSOLIDATEDSTATEMENTSOFOPERATIONS"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_f7daa9e3-a010-4075-84b2-ba07a2818300" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_8b394cc0-4129-4b05-99ff-213721135f4b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_f7daa9e3-a010-4075-84b2-ba07a2818300" xlink:to="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_8b394cc0-4129-4b05-99ff-213721135f4b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_acb6575c-3d28-47b0-b1d1-203bae704735" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_f7daa9e3-a010-4075-84b2-ba07a2818300" xlink:to="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_acb6575c-3d28-47b0-b1d1-203bae704735" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS_1" xlink:type="simple" xlink:href="bam-20211231.xsd#CONSOLIDATEDSTATEMENTSOFOPERATIONS_1"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONS_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue_915816ef-a934-4aba-8b75-6a4fe3b6cea8" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Revenue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_ifrs-full_Revenue_915816ef-a934-4aba-8b75-6a4fe3b6cea8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense_e0b136d6-40a5-41c0-b455-2efc41d23f67" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OperatingExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_ifrs-full_OperatingExpense_e0b136d6-40a5-41c0-b455-2efc41d23f67" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherIncome_37dbdcac-0e3e-4685-8125-fddfeeb2004a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_ifrs-full_OtherIncome_37dbdcac-0e3e-4685-8125-fddfeeb2004a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_bfd7c056-58e5-45af-9f65-3dee60504b6a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_bfd7c056-58e5-45af-9f65-3dee60504b6a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense_301d9927-ea82-4d81-aa7b-9965d510cfd9" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InterestExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_ifrs-full_InterestExpense_301d9927-ea82-4d81-aa7b-9965d510cfd9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CorporateCosts_e44f1cf9-7638-4f21-8e7e-0f56de2a564b" xlink:href="bam-20211231.xsd#bam_CorporateCosts"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_bam_CorporateCosts_e44f1cf9-7638-4f21-8e7e-0f56de2a564b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_GainsLossesRecognisedInProfitOrLossFairValueMeasurements_c4b8ea8c-aaaf-4211-a95a-dd7323c8a33e" xlink:href="bam-20211231.xsd#bam_GainsLossesRecognisedInProfitOrLossFairValueMeasurements"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_bam_GainsLossesRecognisedInProfitOrLossFairValueMeasurements_c4b8ea8c-aaaf-4211-a95a-dd7323c8a33e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_37e3290a-520d-4068-92ef-b662c4219595" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_53bb9644-ba59-401a-ac92-b46fe3afd5d4" xlink:to="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_37e3290a-520d-4068-92ef-b662c4219595" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME" xlink:type="simple" xlink:href="bam-20211231.xsd#CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOME" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_9f64c419-e1fb-45c8-a943-4b8e41d00e03" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_74061e2d-d0ea-4c24-9224-84b7fd8fa1a2" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_9f64c419-e1fb-45c8-a943-4b8e41d00e03" xlink:to="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_74061e2d-d0ea-4c24-9224-84b7fd8fa1a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests_600337b5-ba29-4da6-9eab-bb043d5c2b61" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_9f64c419-e1fb-45c8-a943-4b8e41d00e03" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests_600337b5-ba29-4da6-9eab-bb043d5c2b61" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_b9238414-c737-4bda-9c5e-54d8aef5ea64" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_c78fa8ec-7847-4408-93d9-aa59b85ba223" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_b9238414-c737-4bda-9c5e-54d8aef5ea64" xlink:to="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_c78fa8ec-7847-4408-93d9-aa59b85ba223" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAttributableToOwnersOfParent_fe0d2d51-a11b-41c3-bf32-3a39893145fa" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_b9238414-c737-4bda-9c5e-54d8aef5ea64" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeAttributableToOwnersOfParent_fe0d2d51-a11b-41c3-bf32-3a39893145fa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_84eb8ba9-1219-445c-8f58-fb7df343f3d0" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_1d4a2498-3afd-4f21-8c90-4f0a7999f9ec" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_84eb8ba9-1219-445c-8f58-fb7df343f3d0" xlink:to="loc_ifrs-full_OtherComprehensiveIncome_1d4a2498-3afd-4f21-8c90-4f0a7999f9ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_f8ec24e0-f289-4743-aced-8eddd0c5efd7" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_84eb8ba9-1219-445c-8f58-fb7df343f3d0" xlink:to="loc_ifrs-full_ProfitLoss_f8ec24e0-f289-4743-aced-8eddd0c5efd7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_8ca5e905-342b-449c-ad31-dcce8e267db3" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_689c0640-daf9-4809-9836-d1280173d7bf" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_8ca5e905-342b-449c-ad31-dcce8e267db3" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_689c0640-daf9-4809-9836-d1280173d7bf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Othercomprehensiveincomemarketablesecuritiesmaybereclassedtonetincome_3be01e9a-ef17-4175-a01a-ea253f224e43" xlink:href="bam-20211231.xsd#bam_Othercomprehensiveincomemarketablesecuritiesmaybereclassedtonetincome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_8ca5e905-342b-449c-ad31-dcce8e267db3" xlink:to="loc_bam_Othercomprehensiveincomemarketablesecuritiesmaybereclassedtonetincome_3be01e9a-ef17-4175-a01a-ea253f224e43" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_c08aa93d-ca18-4986-8bf4-02a582f3b53d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_8ca5e905-342b-449c-ad31-dcce8e267db3" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_c08aa93d-ca18-4986-8bf4-02a582f3b53d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_6d83e374-20d7-4afc-a6d5-4b0a73ac8d6a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_8ca5e905-342b-449c-ad31-dcce8e267db3" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_6d83e374-20d7-4afc-a6d5-4b0a73ac8d6a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_da59c4ed-d394-4675-a7c6-c8624d35f229" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_8ca5e905-342b-449c-ad31-dcce8e267db3" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_da59c4ed-d394-4675-a7c6-c8624d35f229" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_24266f8e-f876-45bc-ad82-6f59fd8c942f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_4c97b771-62e0-4493-9574-2596f2927a6c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_24266f8e-f876-45bc-ad82-6f59fd8c942f" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_4c97b771-62e0-4493-9574-2596f2927a6c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_670208aa-5ddb-4d5d-8c03-a57f4eb7bd19" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_24266f8e-f876-45bc-ad82-6f59fd8c942f" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_670208aa-5ddb-4d5d-8c03-a57f4eb7bd19" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_4ee25cdd-366c-407a-bf88-c1e07c162757" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluation_b5e8927a-d5b4-467d-b086-007bb4df72a2" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluation"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_4ee25cdd-366c-407a-bf88-c1e07c162757" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluation_b5e8927a-d5b4-467d-b086-007bb4df72a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_b0420b93-941a-49d8-ba12-ac48f1e4a32d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_4ee25cdd-366c-407a-bf88-c1e07c162757" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_b0420b93-941a-49d8-ba12-ac48f1e4a32d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_c76eea70-0017-4b9b-a80b-f5aa95b04813" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_4ee25cdd-366c-407a-bf88-c1e07c162757" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_c76eea70-0017-4b9b-a80b-f5aa95b04813" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Othercomprehensiveincomemarketablesecuritieswillnotbereclassedtonetincome_8a02a31f-cbab-4c7e-92a2-ae8465c40875" xlink:href="bam-20211231.xsd#bam_Othercomprehensiveincomemarketablesecuritieswillnotbereclassedtonetincome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_4ee25cdd-366c-407a-bf88-c1e07c162757" xlink:to="loc_bam_Othercomprehensiveincomemarketablesecuritieswillnotbereclassedtonetincome_8a02a31f-cbab-4c7e-92a2-ae8465c40875" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_441a0144-a2ca-4d62-9b00-f8ba0a96ac91" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_4ee25cdd-366c-407a-bf88-c1e07c162757" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_441a0144-a2ca-4d62-9b00-f8ba0a96ac91" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINEQUITY" xlink:type="simple" xlink:href="bam-20211231.xsd#CONSOLIDATEDSTATEMENTSOFCHANGESINEQUITY"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCHANGESINEQUITY" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ChangesInEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_c865897b-3803-46c4-8511-62bd49a42a2c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_ifrs-full_ComprehensiveIncome_c865897b-3803-46c4-8511-62bd49a42a2c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaid_cdee9644-2d38-4a0f-aa24-d604426d7391" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaid"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_ifrs-full_DividendsPaid_cdee9644-2d38-4a0f-aa24-d604426d7391" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOtherShares_648c5443-ab5d-4bdd-9de8-71238a7034f1" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaidOtherShares"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_ifrs-full_DividendsPaidOtherShares_648c5443-ab5d-4bdd-9de8-71238a7034f1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_fe5fcd4f-d130-4e33-9205-41c1b47d5948" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_ifrs-full_DividendsRecognisedAsDistributionsToNoncontrollingInterests_fe5fcd4f-d130-4e33-9205-41c1b47d5948" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssueOfEquity_21bbcaeb-e3ae-44f9-9b18-f9cc73f245a9" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IssueOfEquity"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_ifrs-full_IssueOfEquity_21bbcaeb-e3ae-44f9-9b18-f9cc73f245a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_86f4521c-78a1-487f-b1bb-c876e6825dce" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_86f4521c-78a1-487f-b1bb-c876e6825dce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_IncreaseDecreaseThroughOwnershipChanges_58a341c7-4b9c-45cb-b953-596c3288666b" xlink:href="bam-20211231.xsd#bam_IncreaseDecreaseThroughOwnershipChanges"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ChangesInEquity_ffa486f8-ab8d-4101-a0e4-8c23bd10e2ed" xlink:to="loc_bam_IncreaseDecreaseThroughOwnershipChanges_58a341c7-4b9c-45cb-b953-596c3288666b" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="bam-20211231.xsd#CONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_4a86c987-0b37-4a33-9988-f648777dd46d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_4a86c987-0b37-4a33-9988-f648777dd46d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_CommercialPaperAndBorrowingsNet_86fa5aba-7f5a-4ac4-bbdc-96f6ef9610e4" xlink:href="bam-20211231.xsd#bam_CommercialPaperAndBorrowingsNet"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_CommercialPaperAndBorrowingsNet_86fa5aba-7f5a-4ac4-bbdc-96f6ef9610e4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_dc178627-2d84-4893-a9a7-6e3141894f0b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_dc178627-2d84-4893-a9a7-6e3141894f0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Repaymentofleaseliability_2d68f7b6-eb08-4cd2-acb9-bfd8c650bd16" xlink:href="bam-20211231.xsd#bam_Repaymentofleaseliability"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_Repaymentofleaseliability_2d68f7b6-eb08-4cd2-acb9-bfd8c650bd16" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures_835e4292-0acb-45a5-a18a-7d17832e00c6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_RepaymentsOfBondsNotesAndDebentures_835e4292-0acb-45a5-a18a-7d17832e00c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares_f7353d68-e009-4802-bc7b-f4a82deb85ef" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_ProceedsFromIssuingShares_f7353d68-e009-4802-bc7b-f4a82deb85ef" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_3d27febd-dcf6-4cc4-a04f-047f97553e9c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_3d27febd-dcf6-4cc4-a04f-047f97553e9c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_37a2c6bd-2575-43f1-9622-66b6138adb4d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_37a2c6bd-2575-43f1-9622-66b6138adb4d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_DepositFromRelatedPartiesRepaid_f87d2931-4877-49c0-bbf6-42c2261eda5d" xlink:href="bam-20211231.xsd#bam_DepositFromRelatedPartiesRepaid"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_DepositFromRelatedPartiesRepaid_f87d2931-4877-49c0-bbf6-42c2261eda5d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ProceedsfromSubsidiaryEquityObligations_2b3d8f25-7d67-4fa7-974d-a3c520a09884" xlink:href="bam-20211231.xsd#bam_ProceedsfromSubsidiaryEquityObligations"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_ProceedsfromSubsidiaryEquityObligations_2b3d8f25-7d67-4fa7-974d-a3c520a09884" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_DepositsFromRelatedPartyArranged_6e3693d6-a770-4dbb-b0d7-c69a9c30ea63" xlink:href="bam-20211231.xsd#bam_DepositsFromRelatedPartyArranged"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_DepositsFromRelatedPartyArranged_6e3693d6-a770-4dbb-b0d7-c69a9c30ea63" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_RepaymentsofSubsidiaryEquityObligations_c12de0c6-7188-43a4-8b57-bbace9f89c15" xlink:href="bam-20211231.xsd#bam_RepaymentsofSubsidiaryEquityObligations"/>
    <link:calculationArc order="12" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_RepaymentsofSubsidiaryEquityObligations_c12de0c6-7188-43a4-8b57-bbace9f89c15" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_269982ba-d0ab-4fe6-a3d2-2694cc3be172" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_269982ba-d0ab-4fe6-a3d2-2694cc3be172" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_7b83df39-0573-4dc8-820a-6b255a3ac4b1" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_7b83df39-0573-4dc8-820a-6b255a3ac4b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_ProceedsFromPaymentsOfNonRecourseCreditFacilitiesNet_300eb4c3-cbb4-4c94-92c7-ebdc8b846202" xlink:href="bam-20211231.xsd#bam_ProceedsFromPaymentsOfNonRecourseCreditFacilitiesNet"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_bam_ProceedsFromPaymentsOfNonRecourseCreditFacilitiesNet_300eb4c3-cbb4-4c94-92c7-ebdc8b846202" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_35787431-42d1-456a-8bb6-229a5ef333f1" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries"/>
    <link:calculationArc order="16" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_PaymentsFromChangesInOwnershipInterestsInSubsidiaries_35787431-42d1-456a-8bb6-229a5ef333f1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_1aff3ebf-ea2b-4ef5-a6bd-5efd356c5c94" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities"/>
    <link:calculationArc order="17" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_95202af3-b638-4e4f-840a-899d845cce9b" xlink:to="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_1aff3ebf-ea2b-4ef5-a6bd-5efd356c5c94" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_fcfc867a-fb81-413b-819f-74a8f69801ac" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_fcfc867a-fb81-413b-819f-74a8f69801ac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInvestmentProperty_d8f970b1-4856-404b-a108-1ec5598f94f9" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfInvestmentProperty"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_PurchaseOfInvestmentProperty_d8f970b1-4856-404b-a108-1ec5598f94f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0b562dde-d6b9-4c17-9df3-a804b9456c2a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_0b562dde-d6b9-4c17-9df3-a804b9456c2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod_a6300d96-7b0c-4d83-80dd-293929bd6f3b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod_a6300d96-7b0c-4d83-80dd-293929bd6f3b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_3ad7360f-afaf-4e13-bf5b-d6ff02f57fc2" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_3ad7360f-afaf-4e13-bf5b-d6ff02f57fc2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents_3f38eb96-1cd4-41e3-a8ee-76b43607fa7e" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents_3f38eb96-1cd4-41e3-a8ee-76b43607fa7e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfInvestmentProperty_b39aa196-cd2e-476b-a0e6-c71d4f811bfa" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromSalesOfInvestmentProperty"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_ProceedsFromSalesOfInvestmentProperty_b39aa196-cd2e-476b-a0e6-c71d4f811bfa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_3ba6eca0-66e6-495c-987a-0090f3b1af6c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_3ba6eca0-66e6-495c-987a-0090f3b1af6c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_961d9b1f-d179-4470-bbd3-50eda8692663" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_961d9b1f-d179-4470-bbd3-50eda8692663" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_952498ee-0c9f-4f80-886a-000723970b7b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_952498ee-0c9f-4f80-886a-000723970b7b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_f3cd6979-24f9-4b68-8e57-0a466a6b6e16" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_e2cfacb6-bc0d-448d-9227-0a94ab0a91b8" xlink:to="loc_ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_f3cd6979-24f9-4b68-8e57-0a466a6b6e16" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_25e108eb-87d2-4160-a7a6-fc16d4cebc7d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_ProfitLoss_25e108eb-87d2-4160-a7a6-fc16d4cebc7d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForFairValueGainsLosses_60c6546f-050a-4fbc-92f0-52abcd937e65" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_AdjustmentsForFairValueGainsLosses_60c6546f-050a-4fbc-92f0-52abcd937e65" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInWorkingCapital_a72b137a-345f-4f62-9b6f-adbe19d36138" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_IncreaseDecreaseInWorkingCapital_a72b137a-345f-4f62-9b6f-adbe19d36138" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_AdjustmentsForDecreaseIncreaseInOtherIncomeAndGains_be4993f0-fd99-41e6-8e6e-bf9c16a677ff" xlink:href="bam-20211231.xsd#bam_AdjustmentsForDecreaseIncreaseInOtherIncomeAndGains"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_bam_AdjustmentsForDecreaseIncreaseInOtherIncomeAndGains_be4993f0-fd99-41e6-8e6e-bf9c16a677ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_203b4851-b48a-4b60-a26b-91fc1d56878a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_203b4851-b48a-4b60-a26b-91fc1d56878a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDeferredTaxExpense_36ac4d78-c84b-434b-b904-e43d7154633a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForDeferredTaxExpense"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_AdjustmentsForDeferredTaxExpense_36ac4d78-c84b-434b-b904-e43d7154633a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_5ff91838-048b-4a91-8fc4-56ffb35f8803" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_5ff91838-048b-4a91-8fc4-56ffb35f8803" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_f9744b7f-63e2-4b6b-aa57-22e2924d62ee" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_657d71b1-2586-4f04-ace9-779d6eefdd7b" xlink:to="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_f9744b7f-63e2-4b6b-aa57-22e2924d62ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_db76f49f-a566-4c54-8b35-552bbe7de998" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_2ce8c2ba-ebdb-48c2-9d15-c263b61e55e3" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_db76f49f-a566-4c54-8b35-552bbe7de998" xlink:to="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_2ce8c2ba-ebdb-48c2-9d15-c263b61e55e3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_030b88af-746f-49ca-9910-5ddc19d1f22d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_db76f49f-a566-4c54-8b35-552bbe7de998" xlink:to="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_030b88af-746f-49ca-9910-5ddc19d1f22d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_23a04ff9-f939-443f-b66e-7dd429663030" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_db76f49f-a566-4c54-8b35-552bbe7de998" xlink:to="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_23a04ff9-f939-443f-b66e-7dd429663030" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ORGANIZATIONANDCAPITALMANAGEMENTReconciliationoftheCorporationsCapitalDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ORGANIZATIONANDCAPITALMANAGEMENTReconciliationoftheCorporationsCapitalDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ORGANIZATIONANDCAPITALMANAGEMENTReconciliationoftheCorporationsCapitalDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:href="bam-20211231.xsd#bam_NetAssetsBeforeCommonEquityInManagedInvestments"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_3cfdc1c3-4719-4f98-8e1b-d1dfd6b94443" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_3cfdc1c3-4719-4f98-8e1b-d1dfd6b94443" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_34b498ce-b95c-40f6-97c7-7d6b488658c8" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentProperty"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_InvestmentProperty_34b498ce-b95c-40f6-97c7-7d6b488658c8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_ea4016aa-aa63-4843-afdb-5195166a3a7f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_ea4016aa-aa63-4843-afdb-5195166a3a7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_2196b1f8-f312-473f-ad35-58a060f6f5d2" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_2196b1f8-f312-473f-ad35-58a060f6f5d2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayables_c23e86be-5b54-4866-827b-7ac55f133b52" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayables"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_TradeAndOtherPayables_c23e86be-5b54-4866-827b-7ac55f133b52" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialAssets_3a5b2d86-eabb-4526-9a5e-3645f2b36373" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherFinancialAssets"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_OtherFinancialAssets_3a5b2d86-eabb-4526-9a5e-3645f2b36373" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_390d4613-d4f3-4ad1-8d9f-7dc86b3fff29" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_390d4613-d4f3-4ad1-8d9f-7dc86b3fff29" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_f7051ac7-fcb6-4d26-b85d-7beb95e816ff" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_Goodwill_f7051ac7-fcb6-4d26-b85d-7beb95e816ff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_SubsidiaryEquityObligations_82370d1c-07ab-47fc-9029-348b60b84fad" xlink:href="bam-20211231.xsd#bam_SubsidiaryEquityObligations"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_bam_SubsidiaryEquityObligations_82370d1c-07ab-47fc-9029-348b60b84fad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssets_258938f2-e175-43de-abb4-dd4906963c04" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_FinancialAssets"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_FinancialAssets_258938f2-e175-43de-abb4-dd4906963c04" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_35cb669a-3a67-446c-b3b0-724a10a81c01" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_35cb669a-3a67-446c-b3b0-724a10a81c01" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_2302fb17-029a-4220-aa9f-57bc36225820" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_DeferredTaxAssets_2302fb17-029a-4220-aa9f-57bc36225820" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivables_4b9d05f1-259f-4d74-ac1b-bd01590122a6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherReceivables"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_TradeAndOtherReceivables_4b9d05f1-259f-4d74-ac1b-bd01590122a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_df97b481-bbe3-4525-9bc8-37ebff57231a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_df97b481-bbe3-4525-9bc8-37ebff57231a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal_6b71ef22-a5d4-4d8b-af4d-8cd556994836" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InventoriesTotal"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_NetAssetsBeforeCommonEquityInManagedInvestments_5ce2f71c-8a83-4fcb-b5fc-de1cd39a4995" xlink:to="loc_ifrs-full_InventoriesTotal_6b71ef22-a5d4-4d8b-af4d-8cd556994836" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/SEGMENTEDINFORMATIONReconciliationofFFOtoEquityAccountedInvestmentsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#SEGMENTEDINFORMATIONReconciliationofFFOtoEquityAccountedInvestmentsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/SEGMENTEDINFORMATIONReconciliationofFFOtoEquityAccountedInvestmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_FundsFromOperationsFromEquityAccountedInvestments_63841211-2963-437e-a95b-beb5e05357ba" xlink:href="bam-20211231.xsd#bam_FundsFromOperationsFromEquityAccountedInvestments"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1fedafe4-59bb-4d5a-a6d7-59fa3eddabf6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperationsFromEquityAccountedInvestments_63841211-2963-437e-a95b-beb5e05357ba" xlink:to="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_1fedafe4-59bb-4d5a-a6d7-59fa3eddabf6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityAccountedFairValueChangesAndOtherNonFundsFromOperations_5afdf99d-874b-46a1-8aae-7eeec46335a6" xlink:href="bam-20211231.xsd#bam_EquityAccountedFairValueChangesAndOtherNonFundsFromOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperationsFromEquityAccountedInvestments_63841211-2963-437e-a95b-beb5e05357ba" xlink:to="loc_bam_EquityAccountedFairValueChangesAndOtherNonFundsFromOperations_5afdf99d-874b-46a1-8aae-7eeec46335a6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/SEGMENTEDINFORMATIONReconciliationofFFOtoNetIncomeDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#SEGMENTEDINFORMATIONReconciliationofFFOtoNetIncomeDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/SEGMENTEDINFORMATIONReconciliationofFFOtoNetIncomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:href="bam-20211231.xsd#bam_FundsFromOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NoncontrollingInterestsInFundsFromOperations_f475814e-f92d-4401-97d2-9e039e2d08ea" xlink:href="bam-20211231.xsd#bam_NoncontrollingInterestsInFundsFromOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_bam_NoncontrollingInterestsInFundsFromOperations_f475814e-f92d-4401-97d2-9e039e2d08ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EquityAccountedFairValueChangesAndOtherNonFundsFromOperations_903ce114-41f5-420a-acfd-c30d4a806564" xlink:href="bam-20211231.xsd#bam_EquityAccountedFairValueChangesAndOtherNonFundsFromOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_bam_EquityAccountedFairValueChangesAndOtherNonFundsFromOperations_903ce114-41f5-420a-acfd-c30d4a806564" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome_f19d926a-9707-4ea6-9cfa-fdc0b78204ba" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxExpenseIncome"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_ifrs-full_DeferredTaxExpenseIncome_f19d926a-9707-4ea6-9cfa-fdc0b78204ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_RealizedDispositionGainLossinFairValueChangesorEquity_30aff975-d4cf-4738-8124-24283c975fb5" xlink:href="bam-20211231.xsd#bam_RealizedDispositionGainLossinFairValueChangesorEquity"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_bam_RealizedDispositionGainLossinFairValueChangesorEquity_30aff975-d4cf-4738-8124-24283c975fb5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense_9dbb217e-41b1-41f4-87b3-3c3bcc3b260a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_ifrs-full_DepreciationAndAmortisationExpense_9dbb217e-41b1-41f4-87b3-3c3bcc3b260a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_72a59aa7-ce26-4f50-b7ac-f73691ba79a4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_ifrs-full_ProfitLoss_72a59aa7-ce26-4f50-b7ac-f73691ba79a4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_GainsLossesRecognisedInProfitOrLossFairValueMeasurements_41a8ed2f-10f5-46e7-9d6c-567dccc1d01a" xlink:href="bam-20211231.xsd#bam_GainsLossesRecognisedInProfitOrLossFairValueMeasurements"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_FundsFromOperations_017a83e2-6d69-4e13-a10f-d186f64af1f8" xlink:to="loc_bam_GainsLossesRecognisedInProfitOrLossFairValueMeasurements_41a8ed2f-10f5-46e7-9d6c-567dccc1d01a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/SUBSIDIARIESScheduleOfSummarizedFinancialInformationBeforeIntraGroupEliminationsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#SUBSIDIARIESScheduleOfSummarizedFinancialInformationBeforeIntraGroupEliminationsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/SUBSIDIARIESScheduleOfSummarizedFinancialInformationBeforeIntraGroupEliminationsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_8c8185c9-c911-435e-b2c6-602637e28bd4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests_742207c0-fc9e-4b2a-9eb2-c674eeb5d7ab" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_8c8185c9-c911-435e-b2c6-602637e28bd4" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests_742207c0-fc9e-4b2a-9eb2-c674eeb5d7ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAttributableToOwnersOfParent_385eeb33-2ace-4b18-830f-cedb6710d64a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_8c8185c9-c911-435e-b2c6-602637e28bd4" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeAttributableToOwnersOfParent_385eeb33-2ace-4b18-830f-cedb6710d64a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACQUISITIONSOFCONSOLIDATEDENTITIESBusinessCombinationsByTypeDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACQUISITIONSOFCONSOLIDATEDENTITIESBusinessCombinationsByTypeDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACQUISITIONSOFCONSOLIDATEDENTITIESBusinessCombinationsByTypeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:href="bam-20211231.xsd#bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_80123c92-cb92-4172-b0f5-0d164ee4c18b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_ifrs-full_PropertyPlantAndEquipmentRecognisedAsOfAcquisitionDate_80123c92-cb92-4172-b0f5-0d164ee4c18b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InvestmentsAccountedForUsingTheEquityMethodRecognisedAsOfAcquisitionDate_9726fa4e-ba89-4226-9f14-45e482494000" xlink:href="bam-20211231.xsd#bam_InvestmentsAccountedForUsingTheEquityMethodRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_bam_InvestmentsAccountedForUsingTheEquityMethodRecognisedAsOfAcquisitionDate_9726fa4e-ba89-4226-9f14-45e482494000" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoryRecognisedAsOfAcquisitionDate_1c3632f6-541c-465d-ba3f-6a9c6ab314ea" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InventoryRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_ifrs-full_InventoryRecognisedAsOfAcquisitionDate_1c3632f6-541c-465d-ba3f-6a9c6ab314ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate_fd524714-b3e6-4c8c-9a79-c7d61edf88d8" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_ifrs-full_DeferredTaxAssetsRecognisedAsOfAcquisitionDate_fd524714-b3e6-4c8c-9a79-c7d61edf88d8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_69fa6510-9a89-4823-9e52-53509068f1b1" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_69fa6510-9a89-4823-9e52-53509068f1b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_AccountsReceivableandOtherRecognizedasofAcquisitionDate_67a8441c-24a8-4685-a8e7-cb22db46fd0f" xlink:href="bam-20211231.xsd#bam_AccountsReceivableandOtherRecognizedasofAcquisitionDate"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_bam_AccountsReceivableandOtherRecognizedasofAcquisitionDate_67a8441c-24a8-4685-a8e7-cb22db46fd0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_e2bbb02f-0701-432f-b8b8-e24a47bdbb7b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_ifrs-full_Goodwill_e2bbb02f-0701-432f-b8b8-e24a47bdbb7b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InvestmentPropertyRecognisedAsOfAcquisitionDate_e5ce3f12-b589-462b-b908-9e47e74de1eb" xlink:href="bam-20211231.xsd#bam_InvestmentPropertyRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_bam_InvestmentPropertyRecognisedAsOfAcquisitionDate_e5ce3f12-b589-462b-b908-9e47e74de1eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1dd134c2-5311-48ac-aa1b-6d6ac49aae52" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_f4b0bf67-ed59-4403-b86a-3fa41514202b" xlink:to="loc_ifrs-full_CashAndCashEquivalentsRecognisedAsOfAcquisitionDate_1dd134c2-5311-48ac-aa1b-6d6ac49aae52" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7ab9fb57-f60d-46f3-aae9-7e362b45e1b6" xlink:href="bam-20211231.xsd#bam_LiabilitiesRecognizedasofAcquisitionDate"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_177ecb09-7c96-4403-8dda-13e563cf3369" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7ab9fb57-f60d-46f3-aae9-7e362b45e1b6" xlink:to="loc_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_177ecb09-7c96-4403-8dda-13e563cf3369" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_a41f7a63-6aa3-4ea1-8093-ee5af91b8b71" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7ab9fb57-f60d-46f3-aae9-7e362b45e1b6" xlink:to="loc_ifrs-full_NoncontrollingInterestInAcquireeRecognisedAtAcquisitionDate_a41f7a63-6aa3-4ea1-8093-ee5af91b8b71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_b1e1f3e2-7df7-4208-943d-5919398eba8a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7ab9fb57-f60d-46f3-aae9-7e362b45e1b6" xlink:to="loc_ifrs-full_TradeAndOtherPayablesRecognisedAsOfAcquisitionDate_b1e1f3e2-7df7-4208-943d-5919398eba8a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate_98012b47-af0a-4f56-bb3c-bafd3d12d174" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7ab9fb57-f60d-46f3-aae9-7e362b45e1b6" xlink:to="loc_ifrs-full_BorrowingsRecognisedAsOfAcquisitionDate_98012b47-af0a-4f56-bb3c-bafd3d12d174" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACQUISITIONSOFCONSOLIDATEDENTITIESBusinessCombinationsbyNameDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACQUISITIONSOFCONSOLIDATEDENTITIESBusinessCombinationsbyNameDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACQUISITIONSOFCONSOLIDATEDENTITIESBusinessCombinationsbyNameDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_3e875d6f-1c38-4d70-8479-c0046d7eeb46" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7be2fb30-d87b-4cb3-944c-723e373de74f" xlink:href="bam-20211231.xsd#bam_LiabilitiesRecognizedasofAcquisitionDate"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_3e875d6f-1c38-4d70-8479-c0046d7eeb46" xlink:to="loc_bam_LiabilitiesRecognizedasofAcquisitionDate_7be2fb30-d87b-4cb3-944c-723e373de74f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_8b0c49c5-a9fe-443e-bcb4-6a32fad8228a" xlink:href="bam-20211231.xsd#bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_3e875d6f-1c38-4d70-8479-c0046d7eeb46" xlink:to="loc_bam_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_8b0c49c5-a9fe-443e-bcb4-6a32fad8228a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/FAIRVALUEOFFINANCIALINSTRUMENTSNettingofFinancialInstrumentsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#FAIRVALUEOFFINANCIALINSTRUMENTSNettingofFinancialInstrumentsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/FAIRVALUEOFFINANCIALINSTRUMENTSNettingofFinancialInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_63e13a7d-002e-45e9-ac14-3f28e294ef35" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_d6909ab9-39a5-4e6a-ac8a-b333eacffc97" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_63e13a7d-002e-45e9-ac14-3f28e294ef35" xlink:to="loc_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_d6909ab9-39a5-4e6a-ac8a-b333eacffc97" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_29f9a047-b562-4791-863f-898e836f87a4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_63e13a7d-002e-45e9-ac14-3f28e294ef35" xlink:to="loc_ifrs-full_GrossFinancialAssetsSetOffAgainstFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_29f9a047-b562-4791-863f-898e836f87a4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACCOUNTSRECEIVABLEANDOTHERScheduleofAccountsReceivableandOtherDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACCOUNTSRECEIVABLEANDOTHERScheduleofAccountsReceivableandOtherDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACCOUNTSRECEIVABLEANDOTHERScheduleofAccountsReceivableandOtherDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivables_cb3477b1-bf47-43b1-8be7-f30c4db4728f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherReceivables"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeReceivables_163a6b95-31da-4beb-9da5-d99f39656c42" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeReceivables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherReceivables_cb3477b1-bf47-43b1-8be7-f30c4db4728f" xlink:to="loc_ifrs-full_TradeReceivables_163a6b95-31da-4beb-9da5-d99f39656c42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_PrepaymentsandOtherAssets_99ef7762-c401-4997-9456-41eebfc0e116" xlink:href="bam-20211231.xsd#bam_PrepaymentsandOtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherReceivables_cb3477b1-bf47-43b1-8be7-f30c4db4728f" xlink:to="loc_bam_PrepaymentsandOtherAssets_99ef7762-c401-4997-9456-41eebfc0e116" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedCashAndCashEquivalents_3ebc33b9-f524-417f-b106-42ab83b2db80" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RestrictedCashAndCashEquivalents"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherReceivables_cb3477b1-bf47-43b1-8be7-f30c4db4728f" xlink:to="loc_ifrs-full_RestrictedCashAndCashEquivalents_3ebc33b9-f524-417f-b106-42ab83b2db80" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_SustainableResources_eee97a98-c387-4a2a-98c2-437c3a004fa5" xlink:href="bam-20211231.xsd#bam_SustainableResources"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherReceivables_cb3477b1-bf47-43b1-8be7-f30c4db4728f" xlink:to="loc_bam_SustainableResources_eee97a98-c387-4a2a-98c2-437c3a004fa5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACCOUNTSRECEIVABLEANDOTHERScheduleofCurrentandNonCurrentAccountsReceivableDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACCOUNTSRECEIVABLEANDOTHERScheduleofCurrentandNonCurrentAccountsReceivableDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACCOUNTSRECEIVABLEANDOTHERScheduleofCurrentandNonCurrentAccountsReceivableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivables_198d9ae5-8d04-4f27-ac32-71a0ffd0af59" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherReceivables"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivables_c70e53b6-c7dd-4e1e-932f-306a5068864f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherCurrentReceivables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherReceivables_198d9ae5-8d04-4f27-ac32-71a0ffd0af59" xlink:to="loc_ifrs-full_TradeAndOtherCurrentReceivables_c70e53b6-c7dd-4e1e-932f-306a5068864f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentReceivables_b46ec346-1d8f-4461-a13c-e1af66334901" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncurrentReceivables"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherReceivables_198d9ae5-8d04-4f27-ac32-71a0ffd0af59" xlink:to="loc_ifrs-full_NoncurrentReceivables_b46ec346-1d8f-4461-a13c-e1af66334901" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/HELDFORSALEScheduleOfAssetsAndLiabilitiesClassifiedAsHeldForSaleDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#HELDFORSALEScheduleOfAssetsAndLiabilitiesClassifiedAsHeldForSaleDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/HELDFORSALEScheduleOfAssetsAndLiabilitiesClassifiedAsHeldForSaleDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_37182798-5d58-459f-b477-458c85c73fcc" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayables_7bb1114b-717b-4ab7-ad59-96f46309b35c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_37182798-5d58-459f-b477-458c85c73fcc" xlink:to="loc_ifrs-full_TradeAndOtherPayables_7bb1114b-717b-4ab7-ad59-96f46309b35c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Nonrecourseborrowingsofmanagedentities_45a4f835-372a-4444-89c5-af20b54cf2c0" xlink:href="bam-20211231.xsd#bam_Nonrecourseborrowingsofmanagedentities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_37182798-5d58-459f-b477-458c85c73fcc" xlink:to="loc_bam_Nonrecourseborrowingsofmanagedentities_45a4f835-372a-4444-89c5-af20b54cf2c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_a1ee4654-5435-4a55-9a55-25f4d63f3efa" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_37182798-5d58-459f-b477-458c85c73fcc" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_a1ee4654-5435-4a55-9a55-25f4d63f3efa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:href="bam-20211231.xsd#bam_Assetsclassifiedasheldforsale"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherReceivables_614bbe3c-f167-4342-ab99-edeff55e3a97" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherReceivables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_TradeAndOtherReceivables_614bbe3c-f167-4342-ab99-edeff55e3a97" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherNoncurrentAssets_cdc98f8a-7b6c-4b17-8663-cef4cd4995b4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherNoncurrentAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_OtherNoncurrentAssets_cdc98f8a-7b6c-4b17-8663-cef4cd4995b4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_58d86eac-4b46-4091-b757-2ebcf592541c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_DeferredTaxAssets_58d86eac-4b46-4091-b757-2ebcf592541c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_4f7f0cb1-c7ad-493e-8223-7053eea6338f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_4f7f0cb1-c7ad-493e-8223-7053eea6338f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_2e0a6bc3-34b0-4dce-a61b-8b0de31f22fc" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_2e0a6bc3-34b0-4dce-a61b-8b0de31f22fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_3e7c4803-0328-46b0-ae85-7ddddf029cf9" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_Goodwill_3e7c4803-0328-46b0-ae85-7ddddf029cf9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_593cb401-6b9f-451b-9cd2-20f8da97fec1" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_CashAndCashEquivalentsClassifiedAsPartOfDisposalGroupHeldForSale_593cb401-6b9f-451b-9cd2-20f8da97fec1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_be05ce46-59b8-4d1d-99ee-a900b6e688f4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentProperty"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Assetsclassifiedasheldforsale_513c48d4-3a86-4aab-ba98-c4ea6fad98a5" xlink:to="loc_ifrs-full_InvestmentProperty_be05ce46-59b8-4d1d-99ee-a900b6e688f4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/EQUITYACCOUNTEDINVESTMENTSScheduleOfInvestmentsinAssociatesandJointVenturesDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#EQUITYACCOUNTEDINVESTMENTSScheduleOfInvestmentsinAssociatesandJointVenturesDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/EQUITYACCOUNTEDINVESTMENTSScheduleOfInvestmentsinAssociatesandJointVenturesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_3797293d-3ae2-48dc-9081-a30943731208" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Carryingvalueofpubliclytradedinvestmentsaccountedforusingequitymethod_83af7a17-b308-4d87-a121-cda9353da372" xlink:href="bam-20211231.xsd#bam_Carryingvalueofpubliclytradedinvestmentsaccountedforusingequitymethod"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_3797293d-3ae2-48dc-9081-a30943731208" xlink:to="loc_bam_Carryingvalueofpubliclytradedinvestmentsaccountedforusingequitymethod_83af7a17-b308-4d87-a121-cda9353da372" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_5c91ac05-2aef-474e-a4f0-94fde35f141d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_3797293d-3ae2-48dc-9081-a30943731208" xlink:to="loc_ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_5c91ac05-2aef-474e-a4f0-94fde35f141d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_InvestmentsinJointVenturesandAssociatesAccountedforUsingtheEquityMethod_75cdb7ee-0a76-4d63-a3f5-9fb30661b195" xlink:href="bam-20211231.xsd#bam_InvestmentsinJointVenturesandAssociatesAccountedforUsingtheEquityMethod"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentAccountedForUsingEquityMethod_3797293d-3ae2-48dc-9081-a30943731208" xlink:to="loc_bam_InvestmentsinJointVenturesandAssociatesAccountedforUsingtheEquityMethod_75cdb7ee-0a76-4d63-a3f5-9fb30661b195" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/INCOMETAXESComponentsOfIncomeTaxExpenseDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#INCOMETAXESComponentsOfIncomeTaxExpenseDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/INCOMETAXESComponentsOfIncomeTaxExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_cafe929f-e5bc-4195-9d92-30233d1c367b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome_cd1ea4c6-1a86-4476-b17e-7fcaac9d7d5e" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxExpenseIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_cafe929f-e5bc-4195-9d92-30233d1c367b" xlink:to="loc_ifrs-full_DeferredTaxExpenseIncome_cd1ea4c6-1a86-4476-b17e-7fcaac9d7d5e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxExpenseIncome_992fc57a-fb68-4fed-b2f5-b2f5314043a4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentTaxExpenseIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_cafe929f-e5bc-4195-9d92-30233d1c367b" xlink:to="loc_ifrs-full_CurrentTaxExpenseIncome_992fc57a-fb68-4fed-b2f5-b2f5314043a4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncome_155c0b86-c8fa-4d36-a518-e82ce7315576" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxExpenseIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense_5ae9c3a6-7165-4a0d-adae-78c3d08a2e6b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncome_155c0b86-c8fa-4d36-a518-e82ce7315576" xlink:to="loc_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense_5ae9c3a6-7165-4a0d-adae-78c3d08a2e6b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_fb8e991a-3b00-4a38-b9b5-38c374e79571" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncome_155c0b86-c8fa-4d36-a518-e82ce7315576" xlink:to="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_fb8e991a-3b00-4a38-b9b5-38c374e79571" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_66133e9d-3d15-4703-83b5-40e24ec33faa" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_DeferredTaxExpenseIncome_155c0b86-c8fa-4d36-a518-e82ce7315576" xlink:to="loc_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_66133e9d-3d15-4703-83b5-40e24ec33faa" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/INCOMETAXESScheduleOfIncomeTaxRatesDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#INCOMETAXESScheduleOfIncomeTaxRatesDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/INCOMETAXESScheduleOfIncomeTaxRatesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AverageEffectiveTaxRate"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ApplicableTaxRate_61431bd2-53ab-46b4-9edc-5a74f7271a16" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ApplicableTaxRate"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_ifrs-full_ApplicableTaxRate_61431bd2-53ab-46b4-9edc-5a74f7271a16" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectFromChangeInTaxRate_ef31c463-2604-4472-b133-4f1ecd4b3c01" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TaxRateEffectFromChangeInTaxRate"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_ifrs-full_TaxRateEffectFromChangeInTaxRate_ef31c463-2604-4472-b133-4f1ecd4b3c01" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxRateEffectOfForeignTaxRates_618cbfce-ea10-45ed-b7c4-1b303db562c6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TaxRateEffectOfForeignTaxRates"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_ifrs-full_TaxRateEffectOfForeignTaxRates_618cbfce-ea10-45ed-b7c4-1b303db562c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Taxrateeffectoftaxableincomeattributabletononcontrollinginterests_f595e5cf-daa8-4375-afa9-7eaf3cccd4fb" xlink:href="bam-20211231.xsd#bam_Taxrateeffectoftaxableincomeattributabletononcontrollinginterests"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_bam_Taxrateeffectoftaxableincomeattributabletononcontrollinginterests_f595e5cf-daa8-4375-afa9-7eaf3cccd4fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Taxrateeffectofgainssubjecttodifferenttaxrates_74633823-1387-44dd-b1c1-90ad463e0d6f" xlink:href="bam-20211231.xsd#bam_Taxrateeffectofgainssubjecttodifferenttaxrates"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_bam_Taxrateeffectofgainssubjecttodifferenttaxrates_74633823-1387-44dd-b1c1-90ad463e0d6f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Taxrateeffectofpreviouslyunrecognizedtaxbenefits_80dec21f-70dd-4da0-af08-723c7c23c582" xlink:href="bam-20211231.xsd#bam_Taxrateeffectofpreviouslyunrecognizedtaxbenefits"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_bam_Taxrateeffectofpreviouslyunrecognizedtaxbenefits_80dec21f-70dd-4da0-af08-723c7c23c582" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Taxrateeffectofnonrecognitionofbenefitofcurrentyearstaxlosses_b820afb1-5a4c-4624-b28c-cadfafd4a92b" xlink:href="bam-20211231.xsd#bam_Taxrateeffectofnonrecognitionofbenefitofcurrentyearstaxlosses"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_bam_Taxrateeffectofnonrecognitionofbenefitofcurrentyearstaxlosses_b820afb1-5a4c-4624-b28c-cadfafd4a92b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_2483bf9c-a90b-4335-bf00-6bc66b1513f0" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AverageEffectiveTaxRate_0ffb9db8-342c-4fdd-8c40-9468b8ab2407" xlink:to="loc_ifrs-full_OtherTaxRateEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_2483bf9c-a90b-4335-bf00-6bc66b1513f0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/INCOMETAXESScheduleOfComponentsOfIncomeTaxesInOtherComprehensiveIncomeDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#INCOMETAXESScheduleOfComponentsOfIncomeTaxesInOtherComprehensiveIncomeDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/INCOMETAXESScheduleOfComponentsOfIncomeTaxesInOtherComprehensiveIncomeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_3f72cbcb-27d6-4b16-8c24-e5356387e457" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToChangesInRevaluationSurplusOfOtherComprehensiveIncome_99d04896-2906-447c-81c8-3d3e3411bf0b" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToChangesInRevaluationSurplusOfOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_3f72cbcb-27d6-4b16-8c24-e5356387e457" xlink:to="loc_ifrs-full_IncomeTaxRelatingToChangesInRevaluationSurplusOfOtherComprehensiveIncome_99d04896-2906-447c-81c8-3d3e3411bf0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1899d157-f9c7-46d0-8374-8edf2481fa2a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_3f72cbcb-27d6-4b16-8c24-e5356387e457" xlink:to="loc_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_1899d157-f9c7-46d0-8374-8edf2481fa2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_58d7b82c-e7d3-4a54-8dbf-7f5a608da304" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_3f72cbcb-27d6-4b16-8c24-e5356387e457" xlink:to="loc_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome_58d7b82c-e7d3-4a54-8dbf-7f5a608da304" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_43ad7bdc-7089-40ee-ad61-8f965334764d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_3f72cbcb-27d6-4b16-8c24-e5356387e457" xlink:to="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_43ad7bdc-7089-40ee-ad61-8f965334764d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Incometaxrelatingtomarketablesecuritiesmeasuredatfairvaluethroughothercomprehensiveincome_91a80042-b5fc-49ce-ac95-0e441ad8cfdf" xlink:href="bam-20211231.xsd#bam_Incometaxrelatingtomarketablesecuritiesmeasuredatfairvaluethroughothercomprehensiveincome"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_3f72cbcb-27d6-4b16-8c24-e5356387e457" xlink:to="loc_bam_Incometaxrelatingtomarketablesecuritiesmeasuredatfairvaluethroughothercomprehensiveincome_91a80042-b5fc-49ce-ac95-0e441ad8cfdf" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/CORPORATEBORROWINGSScheduleofCorporateBorrowingsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#CORPORATEBORROWINGSScheduleofCorporateBorrowingsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/CORPORATEBORROWINGSScheduleofCorporateBorrowingsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Borrowings_fd0fae7f-5e78-479e-9ffa-6ed3519327b1" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Borrowings"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_RevolvingFacilities_c558789b-cbb6-4101-98bd-2e712edd3cee" xlink:href="bam-20211231.xsd#bam_RevolvingFacilities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Borrowings_fd0fae7f-5e78-479e-9ffa-6ed3519327b1" xlink:to="loc_bam_RevolvingFacilities_c558789b-cbb6-4101-98bd-2e712edd3cee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Deferredfinancingcosts_15ea2c87-6c24-4e58-bc6d-d5f9bf556e91" xlink:href="bam-20211231.xsd#bam_Deferredfinancingcosts"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Borrowings_fd0fae7f-5e78-479e-9ffa-6ed3519327b1" xlink:to="loc_bam_Deferredfinancingcosts_15ea2c87-6c24-4e58-bc6d-d5f9bf556e91" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Bookvalueofborrowings_3cc9cc74-c160-4d75-9c85-4f3c9f922d6e" xlink:href="bam-20211231.xsd#bam_Bookvalueofborrowings"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Borrowings_fd0fae7f-5e78-479e-9ffa-6ed3519327b1" xlink:to="loc_bam_Bookvalueofborrowings_3cc9cc74-c160-4d75-9c85-4f3c9f922d6e" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACCOUNTSPAYABLEANDOTHERScheduleofAccountsPayableandOtherLiabilitiesDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACCOUNTSPAYABLEANDOTHERScheduleofAccountsPayableandOtherLiabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACCOUNTSPAYABLEANDOTHERScheduleofAccountsPayableandOtherLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayables_38bffe11-8eb7-477d-837b-b0318708deb6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayables"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayablesToTradeSuppliers_b041e3fa-3a15-4b49-8730-7974695dbced" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherPayables_38bffe11-8eb7-477d-837b-b0318708deb6" xlink:to="loc_ifrs-full_TradeAndOtherPayablesToTradeSuppliers_b041e3fa-3a15-4b49-8730-7974695dbced" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions_9f3aa5b9-dc1f-4ce0-9e6d-80d44203b18f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherProvisions"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherPayables_38bffe11-8eb7-477d-837b-b0318708deb6" xlink:to="loc_ifrs-full_OtherProvisions_9f3aa5b9-dc1f-4ce0-9e6d-80d44203b18f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities_9dfced82-ac32-4f07-be1f-e9417297bf08" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherLiabilities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherPayables_38bffe11-8eb7-477d-837b-b0318708deb6" xlink:to="loc_ifrs-full_OtherLiabilities_9dfced82-ac32-4f07-be1f-e9417297bf08" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LeaseLiabilities_a492bced-d6e6-4b6c-b690-638a89081388" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_LeaseLiabilities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherPayables_38bffe11-8eb7-477d-837b-b0318708deb6" xlink:to="loc_ifrs-full_LeaseLiabilities_a492bced-d6e6-4b6c-b690-638a89081388" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACCOUNTSPAYABLEANDOTHERScheduleofCurrentandNonCurrentAccountsPayablesDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACCOUNTSPAYABLEANDOTHERScheduleofCurrentandNonCurrentAccountsPayablesDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACCOUNTSPAYABLEANDOTHERScheduleofCurrentandNonCurrentAccountsPayablesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherPayables_1bf2bf41-2979-44dd-90a9-15a785f9946a" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherPayables"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradeAndOtherCurrentPayables_aa07d295-00a3-4b51-8a99-09b4915de540" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TradeAndOtherCurrentPayables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherPayables_1bf2bf41-2979-44dd-90a9-15a785f9946a" xlink:to="loc_ifrs-full_TradeAndOtherCurrentPayables_aa07d295-00a3-4b51-8a99-09b4915de540" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPayables_c46e19e3-0486-41c8-9658-109c2bb83347" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncurrentPayables"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_TradeAndOtherPayables_1bf2bf41-2979-44dd-90a9-15a785f9946a" xlink:to="loc_ifrs-full_NoncurrentPayables_c46e19e3-0486-41c8-9658-109c2bb83347" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/ACCOUNTSPAYABLEANDOTHERScheduleofPostEmploymentBenefitsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#ACCOUNTSPAYABLEANDOTHERScheduleofPostEmploymentBenefitsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/ACCOUNTSPAYABLEANDOTHERScheduleofPostEmploymentBenefitsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_Netdefinedbenefitliabilitybeforenetactuarialgainlosses_e35d55d0-c8b0-4f2f-8d40-8b7539a18d88" xlink:href="bam-20211231.xsd#bam_Netdefinedbenefitliabilitybeforenetactuarialgainlosses"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PlanAssetsAtFairValue_56724ae8-6707-466a-a4d8-8a57e3a6c0bb" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_PlanAssetsAtFairValue"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Netdefinedbenefitliabilitybeforenetactuarialgainlosses_e35d55d0-c8b0-4f2f-8d40-8b7539a18d88" xlink:to="loc_ifrs-full_PlanAssetsAtFairValue_56724ae8-6707-466a-a4d8-8a57e3a6c0bb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DefinedBenefitObligationAtPresentValue_8b9df954-6874-4dd8-82cc-eba3519f8c68" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DefinedBenefitObligationAtPresentValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Netdefinedbenefitliabilitybeforenetactuarialgainlosses_e35d55d0-c8b0-4f2f-8d40-8b7539a18d88" xlink:to="loc_ifrs-full_DefinedBenefitObligationAtPresentValue_8b9df954-6874-4dd8-82cc-eba3519f8c68" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Actuarialpresentvalueofotherpromisedpostretirementbenefits_5c8914d4-c69a-4490-a1d6-2570bc070094" xlink:href="bam-20211231.xsd#bam_Actuarialpresentvalueofotherpromisedpostretirementbenefits"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_Netdefinedbenefitliabilitybeforenetactuarialgainlosses_e35d55d0-c8b0-4f2f-8d40-8b7539a18d88" xlink:to="loc_bam_Actuarialpresentvalueofotherpromisedpostretirementbenefits_5c8914d4-c69a-4490-a1d6-2570bc070094" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/NONRECOURSEBORROWINGSScheduleofCurrentandNoncurrentpropertyspecificmortgagesDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#NONRECOURSEBORROWINGSScheduleofCurrentandNoncurrentpropertyspecificmortgagesDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/NONRECOURSEBORROWINGSScheduleofCurrentandNoncurrentpropertyspecificmortgagesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SecuredBankLoansReceived_16903599-1a96-4dbd-b084-36e30507ab80" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_SecuredBankLoansReceived"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentSecuredBankLoansReceivedAndCurrentPortionOfNoncurrentSecuredBankLoansReceived_bae13c80-7aa4-4772-9e72-405336f13a77" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CurrentSecuredBankLoansReceivedAndCurrentPortionOfNoncurrentSecuredBankLoansReceived"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_SecuredBankLoansReceived_16903599-1a96-4dbd-b084-36e30507ab80" xlink:to="loc_ifrs-full_CurrentSecuredBankLoansReceivedAndCurrentPortionOfNoncurrentSecuredBankLoansReceived_bae13c80-7aa4-4772-9e72-405336f13a77" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentPortionOfNoncurrentSecuredBankLoansReceived_fc82606a-f909-4299-be77-b5234a5eeb51" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NoncurrentPortionOfNoncurrentSecuredBankLoansReceived"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_SecuredBankLoansReceived_16903599-1a96-4dbd-b084-36e30507ab80" xlink:to="loc_ifrs-full_NoncurrentPortionOfNoncurrentSecuredBankLoansReceived_fc82606a-f909-4299-be77-b5234a5eeb51" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/SUBSIDIARYEQUITYOBLIGATIONSScheduleofSubsidiaryEquityObligationsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#SUBSIDIARYEQUITYOBLIGATIONSScheduleofSubsidiaryEquityObligationsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/SUBSIDIARYEQUITYOBLIGATIONSScheduleofSubsidiaryEquityObligationsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_SubsidiaryEquityObligations_63f2ae1f-4334-4f83-98d4-7ef2f9ffd120" xlink:href="bam-20211231.xsd#bam_SubsidiaryEquityObligations"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_SubsidiaryPreferredEquityUnits_d4c5ae39-0d33-4d98-9be7-fd30adcfde48" xlink:href="bam-20211231.xsd#bam_SubsidiaryPreferredEquityUnits"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_SubsidiaryEquityObligations_63f2ae1f-4334-4f83-98d4-7ef2f9ffd120" xlink:to="loc_bam_SubsidiaryPreferredEquityUnits_d4c5ae39-0d33-4d98-9be7-fd30adcfde48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_LimitedLifeFundsandRedeemableFundUnits_acb8c1ac-9ee9-4137-aff9-0ca1783d7786" xlink:href="bam-20211231.xsd#bam_LimitedLifeFundsandRedeemableFundUnits"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_SubsidiaryEquityObligations_63f2ae1f-4334-4f83-98d4-7ef2f9ffd120" xlink:to="loc_bam_LimitedLifeFundsandRedeemableFundUnits_acb8c1ac-9ee9-4137-aff9-0ca1783d7786" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_SubsidiaryPreferredSharesandCapital_0c471a7d-e49e-4a79-b1e2-98872ef185fb" xlink:href="bam-20211231.xsd#bam_SubsidiaryPreferredSharesandCapital"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_SubsidiaryEquityObligations_63f2ae1f-4334-4f83-98d4-7ef2f9ffd120" xlink:to="loc_bam_SubsidiaryPreferredSharesandCapital_0c471a7d-e49e-4a79-b1e2-98872ef185fb" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/EQUITYScheduleOfNumberOfIssuedAndOutstandingCommonSharesAndUnexercisedOptionsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#EQUITYScheduleOfNumberOfIssuedAndOutstandingCommonSharesAndUnexercisedOptionsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/EQUITYScheduleOfNumberOfIssuedAndOutstandingCommonSharesAndUnexercisedOptionsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_DilutedShares_9a9493a3-b47b-44cd-a467-6ec6a15e7fa4" xlink:href="bam-20211231.xsd#bam_DilutedShares"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding_e46b1664-53cf-47f6-9395-43d0f59eb7f4" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_DilutedShares_9a9493a3-b47b-44cd-a467-6ec6a15e7fa4" xlink:to="loc_ifrs-full_NumberOfSharesOutstanding_e46b1664-53cf-47f6-9395-43d0f59eb7f4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NumberOfShareOptionsUnexercisedAndOtherShareBasedPlansArrangement_42eae14b-f6f8-4aa2-9708-3eaf8a57aeb5" xlink:href="bam-20211231.xsd#bam_NumberOfShareOptionsUnexercisedAndOtherShareBasedPlansArrangement"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_DilutedShares_9a9493a3-b47b-44cd-a467-6ec6a15e7fa4" xlink:to="loc_bam_NumberOfShareOptionsUnexercisedAndOtherShareBasedPlansArrangement_42eae14b-f6f8-4aa2-9708-3eaf8a57aeb5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/EQUITYScheduleOfBasicAndDilutedEarningsPerShareDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#EQUITYScheduleOfBasicAndDilutedEarningsPerShareDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/EQUITYScheduleOfBasicAndDilutedEarningsPerShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_e1be69a0-fda8-4685-b699-ecbdbdefe7a8" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_45f499ff-62de-4ab1-9d89-d7f47ae77531" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_e1be69a0-fda8-4685-b699-ecbdbdefe7a8" xlink:to="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_45f499ff-62de-4ab1-9d89-d7f47ae77531" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends_9f60009d-a948-4637-b5f7-f1b49f661fc7" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_e1be69a0-fda8-4685-b699-ecbdbdefe7a8" xlink:to="loc_ifrs-full_AdjustmentToProfitLossForPreferenceShareDividends_9f60009d-a948-4637-b5f7-f1b49f661fc7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_Dilutiveeffectofmandatorilyredeemablepreferredsharesissuedinaconsolidatedsubsidiary_709e641a-e3af-4d19-8209-d52b8b193d33" xlink:href="bam-20211231.xsd#bam_Dilutiveeffectofmandatorilyredeemablepreferredsharesissuedinaconsolidatedsubsidiary"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_e1be69a0-fda8-4685-b699-ecbdbdefe7a8" xlink:to="loc_bam_Dilutiveeffectofmandatorilyredeemablepreferredsharesissuedinaconsolidatedsubsidiary_709e641a-e3af-4d19-8209-d52b8b193d33" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares_d9108dd6-6026-42ac-8d85-6ef7d7c291f6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares_f512bab3-4d0d-435a-bca1-1339ba1540ee" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_WeightedAverageShares"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares_d9108dd6-6026-42ac-8d85-6ef7d7c291f6" xlink:to="loc_ifrs-full_WeightedAverageShares_f512bab3-4d0d-435a-bca1-1339ba1540ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares_5196b5a4-25b6-47d0-9b66-846169d8d838" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares_d9108dd6-6026-42ac-8d85-6ef7d7c291f6" xlink:to="loc_ifrs-full_DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares_5196b5a4-25b6-47d0-9b66-846169d8d838" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/EQUITYScheduleOfExpenseRecognizedForShareBasedCompensationDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#EQUITYScheduleOfExpenseRecognizedForShareBasedCompensationDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/EQUITYScheduleOfExpenseRecognizedForShareBasedCompensationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_6d5425da-a532-44b1-949c-4aa9631fbdb6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_EffectofHedgingProgramOnSharebasedCompensation_8d08cb1b-174a-46c8-b5b9-540cdacd77eb" xlink:href="bam-20211231.xsd#bam_EffectofHedgingProgramOnSharebasedCompensation"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_6d5425da-a532-44b1-949c-4aa9631fbdb6" xlink:to="loc_bam_EffectofHedgingProgramOnSharebasedCompensation_8d08cb1b-174a-46c8-b5b9-540cdacd77eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_da59d0e4-70fb-4505-adff-b7478da57b29" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_6d5425da-a532-44b1-949c-4aa9631fbdb6" xlink:to="loc_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_da59d0e4-70fb-4505-adff-b7478da57b29" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/EQUITYScheduleOfOptionstoPurchaseClassASharesDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#EQUITYScheduleOfOptionstoPurchaseClassASharesDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/EQUITYScheduleOfOptionstoPurchaseClassASharesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfOutstandingShareOptions_60a9527c-dbb8-4a3b-b203-a0a77c6d5f8c" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_NumberOfOutstandingShareOptions"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NumberOfShareOptionsVestedInShareBasedPaymentArrangement_be997247-e265-4492-a541-07ba1af4c65c" xlink:href="bam-20211231.xsd#bam_NumberOfShareOptionsVestedInShareBasedPaymentArrangement"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NumberOfOutstandingShareOptions_60a9527c-dbb8-4a3b-b203-a0a77c6d5f8c" xlink:to="loc_bam_NumberOfShareOptionsVestedInShareBasedPaymentArrangement_be997247-e265-4492-a541-07ba1af4c65c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_NumberOfShareOptionsUnvestedInShareBasedPaymentArrangement_27ae9739-7472-4f48-b705-5a2a5577fff5" xlink:href="bam-20211231.xsd#bam_NumberOfShareOptionsUnvestedInShareBasedPaymentArrangement"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NumberOfOutstandingShareOptions_60a9527c-dbb8-4a3b-b203-a0a77c6d5f8c" xlink:to="loc_bam_NumberOfShareOptionsUnvestedInShareBasedPaymentArrangement_27ae9739-7472-4f48-b705-5a2a5577fff5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/REVENUESBYTYPEDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#REVENUESBYTYPEDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/REVENUESBYTYPEDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue_b9502c02-c72a-47bb-b1d2-98d2edc29879" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_Revenue"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherRevenue_376983f6-db59-47ac-affc-18c54f58783d" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OtherRevenue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Revenue_b9502c02-c72a-47bb-b1d2-98d2edc29879" xlink:to="loc_ifrs-full_OtherRevenue_376983f6-db59-47ac-affc-18c54f58783d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromContractsWithCustomers_a1af9144-4db8-4a95-923f-61df378142f0" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_RevenueFromContractsWithCustomers"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Revenue_b9502c02-c72a-47bb-b1d2-98d2edc29879" xlink:to="loc_ifrs-full_RevenueFromContractsWithCustomers_a1af9144-4db8-4a95-923f-61df378142f0" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/DIRECTCOSTSScheduleofListsofDirectCostsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#DIRECTCOSTSScheduleofListsofDirectCostsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/DIRECTCOSTSScheduleofListsofDirectCostsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense_f5a6b1a3-3886-44f6-a849-479c301d1713" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_OperatingExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CostOfSales_390ec1d5-6ec4-451e-897b-d3604190fb81" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_CostOfSales"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OperatingExpense_f5a6b1a3-3886-44f6-a849-479c301d1713" xlink:to="loc_ifrs-full_CostOfSales_390ec1d5-6ec4-451e-897b-d3604190fb81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SellingGeneralAndAdministrativeExpense_2bc8cc98-f755-471b-903a-e967aec8e614" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_SellingGeneralAndAdministrativeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OperatingExpense_f5a6b1a3-3886-44f6-a849-479c301d1713" xlink:to="loc_ifrs-full_SellingGeneralAndAdministrativeExpense_2bc8cc98-f755-471b-903a-e967aec8e614" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense_aab00989-3e75-46b2-ae1b-ac02006d6fd6" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OperatingExpense_f5a6b1a3-3886-44f6-a849-479c301d1713" xlink:to="loc_ifrs-full_DepreciationAndAmortisationExpense_aab00989-3e75-46b2-ae1b-ac02006d6fd6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WagesAndSalaries_7252d8be-6871-486f-821b-03d06c73b160" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_WagesAndSalaries"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OperatingExpense_f5a6b1a3-3886-44f6-a849-479c301d1713" xlink:to="loc_ifrs-full_WagesAndSalaries_7252d8be-6871-486f-821b-03d06c73b160" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_fb39eb47-d2ee-4d58-918c-8a3518a0e267" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OperatingExpense_f5a6b1a3-3886-44f6-a849-479c301d1713" xlink:to="loc_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_fb39eb47-d2ee-4d58-918c-8a3518a0e267" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/DERIVATIVEFINANCIALINSTRUMENTSChangeinFairValueofDerivativeInstrumentsDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#DERIVATIVEFINANCIALINSTRUMENTSChangeinFairValueofDerivativeInstrumentsDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/DERIVATIVEFINANCIALINSTRUMENTSChangeinFairValueofDerivativeInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bam_UnrealisedGainsLossesOnChangeInFairValueOfDerivatives_93a23096-bb84-4990-aa1d-16f4c040e45c" xlink:href="bam-20211231.xsd#bam_UnrealisedGainsLossesOnChangeInFairValueOfDerivatives"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_UnrealisedGainOnChangeInFairValueofDerivatives_d74bd0d6-663a-4f9c-8bbe-a14c13cb90b9" xlink:href="bam-20211231.xsd#bam_UnrealisedGainOnChangeInFairValueofDerivatives"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_UnrealisedGainsLossesOnChangeInFairValueOfDerivatives_93a23096-bb84-4990-aa1d-16f4c040e45c" xlink:to="loc_bam_UnrealisedGainOnChangeInFairValueofDerivatives_d74bd0d6-663a-4f9c-8bbe-a14c13cb90b9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bam_UnrealisedLossesOnChangeInFairValueOfDerivatives_341e0e57-c780-435b-a321-52800d0a9a38" xlink:href="bam-20211231.xsd#bam_UnrealisedLossesOnChangeInFairValueOfDerivatives"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bam_UnrealisedGainsLossesOnChangeInFairValueOfDerivatives_93a23096-bb84-4990-aa1d-16f4c040e45c" xlink:to="loc_bam_UnrealisedLossesOnChangeInFairValueOfDerivatives_341e0e57-c780-435b-a321-52800d0a9a38" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.brookfield.com/role/RELATEDPARTYTRANSACTIONSRELATEDPARTYTRANSACTIONSRenumerationofDirectorsandOtherKeyManagementDetails" xlink:type="simple" xlink:href="bam-20211231.xsd#RELATEDPARTYTRANSACTIONSRELATEDPARTYTRANSACTIONSRenumerationofDirectorsandOtherKeyManagementDetails"/>
  <link:calculationLink xlink:role="http://www.brookfield.com/role/RELATEDPARTYTRANSACTIONSRELATEDPARTYTRANSACTIONSRenumerationofDirectorsandOtherKeyManagementDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensation_704dcdd9-753b-4e6a-8f60-04f7c0585261" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_164452ca-043e-4493-85a6-4b5a51afd3a0" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation_704dcdd9-753b-4e6a-8f60-04f7c0585261" xlink:to="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_164452ca-043e-4493-85a6-4b5a51afd3a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_97c459a7-e3c0-4ee1-9ba5-1424de25920f" xlink:href="http://xbrl.ifrs.org/taxonomy/2021-03-24/full_ifrs/full_ifrs-cor_2021-03-24.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_KeyManagementPersonnelCompensation_704dcdd9-753b-4e6a-8f60-04f7c0585261" xlink:to="loc_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_97c459a7-e3c0-4ee1-9ba5-1424de25920f" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
