Your American Uncle Guido just moved to Canada to open his dream business, Capicolas, Cannolis and Canoes, a combination Italian deli, bakery and canoe outfitter. Given the shortcomings of the American education system, he is having trouble calculating the tax shield from the depreciation on his canoes and has asked for your help. Assuming he bought 75 canoes for $1,000 each, he has a marginal tax rate of 20% and that the canoes, as class 7 assets, have a CCA rate of 15%, what is the size of his depreciation tax shield from the canoes in year 3?

a. $1056.66 b. $1149.89 c. $1625.62 d. $1769.53