The CFOs seem to interpret the rules as they please, and here is the interpretation that they seem to be using.
http://www.rcmp-grc.gc.ca/cfp-pcaf/fs-fd/restr-eng.htm
Quote:
Target Shooting Practice and Competition
To be authorized to have restricted firearms for target shooting purposes, an individual must provide proof that he or she practices or competes at an approved shooting club or range. For more information about approved shooting clubs and ranges, contact the appropriate provincial or territorial CFO by calling 1-800-731‑4000.
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So in order to target shoot on your own property, you would need to have it approved for restricted weapons, and getting your property approved as a restricted range, won't be easy to do.