winchester70,
He needs to have a PAL (Possession and Acquisition Licence). You can loan him a gun (because he has a POL) but you can't give or sell him one (that would be acquiring).
If I were you, I would enrol him in a firearms course (make it part of the gift), get him the PAL and then transfer the ownership to him when he has the licence. You could be the registered owner in the mean time. It would cost you an extra $25 to make the transfer, but you could "loan" him the rifle for target practice etc. while he's waiting for his licence.
For information on firearms courses, go to the
Alberta Hunter Education Instructors' Association web site.
Don