K Caribbean Cruise Tours (CCT) is a CCPC that carries on a travel agency business in multiple jurisdictions. In its 2023 taxation year, the company had the following financial results: View the financial results. The company paid no foreign income tax on its foreign business income. Its Adjusted Aggregate Investment Income was $52,000 in 2022, and its taxable capital employed in Canada (TCEC) in 2022 was $1,800,000. There are 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. $241,000 B. $289,000 OC. $310,000 Financial results Active business income earned in Canada $ 265,000. D. $265,000 Active business income earned outside Canada 24,000 Taxable capital gains Nil Aggregate Investment Income 108,000 2023 Net Income 2022 Taxable Income $ 397,000 $ 310,000 Print Done -