My understanding is that businesses have more rules than individuals.

I looked into this ahead of a meeting with my boss a few years ago about my future employment (my contact was expiring). I wanted to record the meeting in case there was something said that I might want to take to my union. Based on my reading at the time, my understanding is that individuals in Canada can record any of their private communication, with no limits, for personal storage and review.

I think that any individual can record any/all of their personal phone calls made anywhere in Canada without informing anyone else that a recording is being made.