Which 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 star

Which 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.