10. On January 1 of the current year, Rajat Sharma contributed investments with an adjusted cost base (ACB) of $115,000 and a fair market value (FMV) of $300,000 to a family trust for no consideration. One-half of the income of the trust is allocated to his 15-year-old daughter, and the other half to his spouse. The trust earns $8,000 in interest income during the year. What will the income tax consequences of these transactions be to Rajat?