From what I have seen and read, the purchase, sale, transfer, or import of new handguns into Canada will be banned.
They will grandfather the ownership of EXISTING handguns. They gave up on the idea of given powers to the Provinces and cities. That was a non-starter, as we all know.
Finally, Trudeau admitted that sports and target shooting are legitimate reasons for handgun ownership by responsible citizens, but beyond that, no reason to own a handgun.
If this buys all of us a few years of peace, then so be it. All in all, this was not as draconian as I'd expected. It sucks that new people or our children will not be able to enjoy a great sport, but Liberals finally get that us law-abiding gun owners have never been the problem.
There are some that will be negative, and say that this is just the beginning of the end, etc... But I believe it could have been one hell of a lot worse today.
Just go out there and enjoy the range for now. We have earned years of peace today, let's focus on the present.