The document itself says that someone had a name listed there, or at least that the authorities who issued it believed so about 20 years ago. If anything, the voters roll itself is more reliable for that matter (somebody still believed the same facts more recently).
I mean, proof of possession is some level of assurance, which is better than nothing. Knowing my mothers maiden name and birth date is also some level of assurance (this of it, you don't know those about a random me in the internet, so you can't vote for me in the elections for the next 15 minutes at least). But what is a desired level of assurance for something so many people feel strongly about? Is it more or less compared to visiting porn websites, boarding a plane, drinking alcohol, crossing international border and driving a car on a public road?
You can look up the Canadian list of accepted identification documents if you want the full thing, but it includes library cards, public transit cards, correspondence from educational institutions, student IDs, blood donor cards, letters of confirmation of residence from shelters and soup kitchens, residential leases or utility bills, and personal cheques.
You can also vote without ID in Canada by having a guarantor with ID vouch for you.
Contrast the proposed SAVE act, which accepts... passports, birth certificates, naturalization documents, and "REAL ID-compliant documents that also indicate citizenship", which is a fun one.