The Criminal Code, Firearms Act, and Bill -19 state that if some is to posses a prohibited firearm or a restricted firearm, that they are required to have a registration certificate for it.
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Why can someone register to possessed a prohibited firearm? Aren't the firearms prohibited?
If that's the linguistic/logical part of the Firearms Act that bothers you, you should read the rest of it. After 3 years as a gun owner, I'm still not entirely sure how many rounds I'm allowed to put in a rim-fire rifle. I'm still convinced it says "you are allowed 5, or as many as you want".
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