Am I correct that based on subsection 74.2(3) in https://laws-lois.justice.gc.ca/eng/acts/I-3.3/section-74.2.html , attribution rule seize to exists for the emigration deemed disposition unless an election is made to allow it to happen i.e. no attribution happens unless an election in subsection 74.2 (3) is made by both the spouses for the emigration deemed disposition?
Also, is the subsection 74.2 (1) in the above link the main subsection for the spousal attribution rule for capital gain on property (money or assets or assets purchased using spouse’s money) transferred to spouse?