24 February 2017 External T.I. 2016-0669081E5 - T1135 reporting -- summary under Subsection 233.3(3)

CRA considers that the attribution rules should be ignored for T1135 purposes so that, for example, an individual who received a spousal gift of the cash used to purchase her share of a specified foreign property would compute whether she was over the $100,000 cost amount threshold and report her share of the income on the form without regard to the application of the attribution rules.