It is asking you if that income is zero or not. If you have income from the specified property then the answer would be no, if you have no income, then the answer would be yes. The same rule applies to the gains(loss) from the disposition. It all depends on how you have filled out your T1135.
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Specified Foreign property means the specific property you are claiming on the forms.
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Gains (loss) from disposition means Your capital gain or loss by subtracting the total of your property's Adjusted Cost Base, and any outlays and expenses incurred to sell your property, from the proceeds of disposition.
