I asked the RCMP about it. They said that since the thing is a lever operated action, the 327mm barrel length wasn't an issue. Non-restricted.
In the states, it's listed as a pistol since short rifles are illegal, just in case you intend to go south.
As for how it shoots, it's a fun gun. Not very accurate at extended range since it's hard to get a consistent hold (nothing to put your cheek up against) and the short barrel makes it jump. I'm still experimenting with different sights to see what works well.
Also, be careful when you cycle the action soas not to stovepipe a round. It happens occasionally on mine if I cycle too fast and I'm not paying attention. Keep a wood skewer around in case you need to pry the round down/out - and don't use a metal object as you may pierce the cartridge.
Overall, it's a fun plinker, and the action is really as smooth as they advertise. A very satisfying way to go through a box of ammunition.