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> Unlike in the US, capital gains on primary residences in Canada are completely tax free with no limit. That’s not true
by barbariangrunge 3y ago
> Unlike in the US, capital gains on primary residences in Canada are completely tax free with no limit.
That’s not true
- joshlemer 3y agoWhich part are you saying isn't true? It most certainly is. In Canada, the capital gains exemption on principal residences has no limit. In the states, you start paying capital gains after 250k or 500k, depending on whether you are single or married. I think you can roll your gains above that into a new mortgage to avoid or delay paying the taxes, but I don't know the details.