Yes, that is what I understand.
But I am not clear if I need a current Transport Canada Medical when I apply and continue to have a valid Canadian medical to keep my FAA equivalent license valid. Does anyone know?
When I read the fine print, I need a valid Canadian Pilot License, which I interpret as having a valid Canadian medical.
I am just looking to rent a C172 on the occasional weekend, so I would only need a private. But if I could get a commercial license, I would take it. No need for Instrument Rating.