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Scott invested $100,000 to purchase 10,000 units of a Canadian balanced segregated fund in his non-registered Individual Variable Insurance Contract (IVIC) on October 1. The

Scott invested $100,000 to purchase 10,000 units of a Canadian balanced segregated fund in his non-registered Individual Variable Insurance Contract (IVIC) on October 1. The information folder specified that fund distributions are allocated based on the length of time an investor holds the units during the year. At the end of the year, the fund declares an interest distribution of $0.20 a unit. How much interest income will be indicated on Scott's T3?

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