Canada already has that exemption on the first CAD 1.25M capital gain, assuming that Shopify qualifies as a Canadian business by staying >50% Canadian for at le

Canada already has that exemption on the first CAD 1.25M capital gain, assuming that Shopify qualifies as a Canadian business by staying >50% Canadian for at least 2 years. But like pretty much everywhere, Canada does not tax unrealized gains. At least they don't have the silly loop-hole that the US does of the step-up in basis on death.