Caribbean Cruise Tours (CCT) is a Canadian controlled private corporation that operates a chain of travel agencies. In its fiscal year ending December 31, 2019, the Company had the following financial results: Active business income earned in Canada $275,000 Active business income earned outside Canada 25,000 Taxable capital gains Nil Adjusted Aggregate Investment Income 100,000 Net Income For Tax Purposes $400,000 Taxable Income $325,000

The company paid no foreign taxes on its foreign operations. Its Adjusted Aggregate Investment Income was $48,000 in 2018. CCT has no associated corporations. Which one of the following amounts represents the maximum amount of income on which CCT may claim the small business deduction? A. $275,000. B. $300,000. C. $325,000. D. $250,000.