BillConner wrote on Sep 13^th, 2017 at 10:41am:

I don't know which part to read. "The Regulations do not apply to non-residents who operate their pleasure craft in Canadian waters for less than 45 consecutive days. Please note that a proof of residence will be required on board at all times." Or "If you are not a resident of Canada and are using a pleasure craft licensed or registered in Canada, all of the required safety equipment must meet Canadian safety requirements."

Foreign pleasure craft (pleasure craft that are licensed or registered in a country other than Canada) need to comply with equipment requirements of the country in which the vessel is usually kept.