Giganto Inc. is a CCPC that is not associated with any other company. As determined by ITR 5200, Giganto Inc. has M&P profits of $575,000, with all of this amount being Canadian source active business income. Its total Net Income For Tax Purposes is $625,000, with the additional $50,000 being foreign source business income. The foreign government withheld 10 percent of this amount which is equal to the foreign business income tax credit. In determining Taxable Income, Giganto deducted a non-capital loss carry forward of $75,000. What is Giganto’s M&P deduction for the year?
A. $75,000
B. $ 9,750
C. $ 3,900
D. $30,000