https://parl.ca/DocumentViewer/en/42-1/bill/C-71/royal-assent
Conditions — licence issued to business
58.#1 (1) A chief firearms officer who issues a licence to a business must attach the following conditions to the licence:
(a) the business must record and, for the prescribed period, keep the prescribed information that relates to the business’ possession and disposal of non-restricted firearms;
(b) the business must record and — for a period of 20 years from the day on which the business transfers a non-restricted firearm, or for a longer period that may be prescribed — keep the following information in respect of the transfer:
(i) the reference number issued by the Registrar,
(ii) the day on which the reference number was issued,
(iii) the transferee’s licence number, and
(iv) the firearm’s make, model and type and, if any, its serial number; and
(c) the business must, unless otherwise directed by a chief firearms officer, transmit any records containing the information referred to in paragraph (a) or (b) to a prescribed official if it is determined that the business will cease to be a business.
Information — transferee’s licence
(2) The transferee shall provide to the transferor the prescribed information that relates to the transferee’s licence, for the purpose of enabling the transferor to request that the Registrar issue a reference number for the transfer.
Reference number
(3) The Registrar shall issue a reference number if he or she is satisfied that the transferee holds and is still eligible to hold a licence authorizing them to acquire and possess a non-restricted firearm.
Period of validity
(4) A reference number is valid for the prescribed period.
Registrar not satisfied
(5) If the Registrar is not satisfied as set out in subsection (3), he or she may so inform the transferor.
Clear as day for me