45. Mr. Johnson wants to help his daughter, Erin, save for her college education. To this end, in 2016, when she was 15 years old, he put $3,000 into a GIC in her name, for a one year term. The GIC renews on an annual basis. On its maturity in 2017, Erin rolled the $3,000 into another GIC for one year and the interest earned during the first year into a second one-year GIC for $300. In 2018, the interest earned on the two GICs was $240 and $24 respectively. How much of this interest, if any, must Mr. Johnson report on his 2018 income tax return? A. Nil. B. $24. C. $240. D. $264. E. None of the above