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Yes you can own firearms in Canada.
The regulations have recently been changed but you can own them, including handguns. You can't transport/carry a handgun without a permit, generally permits are issued to transport a handgun to and from a range. It would be rare for someone to have a permit to carry a handgun on their person, this type of permit would most likely be issued to a prospector or someone doing search and rescue work.
Ken
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