“In other words we’re capping the market,” he added.
If passed, the new anti-gun legislation will fine gun smuggling and trafficking “by increasing maximum criminal penalties and providing more tools for law enforcement to investigate firearm crimes,” Trudeau said.
The new legislation would also require that long gun magazines “can never” hold more than five rounds.
Trudeau added that while most gun owners use their handguns safely and in accordance with the law, “we don’t need assault style weapons that were designed to kill the largest number of people in the shortest amount of time.”
The number of registered handguns in the country increased 71% between 2010 and 2020 to about 1.1 million, according to the release.