"108 (1) Every passenger car, multi-purpose passenger vehicle, truck, bus, motorcycle and trailer shall be equipped with the lamps, retroreflective devices and associated equipment required by Technical Standards Document No. 108, Lamps, Reflective Devices and Associated Equipment (TSD 108), as amended from time to time."
Every vehicle must have some red reflective surface on the rear of the vehicle. Same as why all our cars need some amber reflector in the front side of the car (why we don't get the cool, cleaner Euro headlight designs). This is about seeing street parked/stranded vehicles as much as people not turning their lights on at night.
As some have said here, many modern tail lamps, especially those with LEDs, do not possess these reflective properties. The extra rear reflector really took off when 'clear' tail lights became all the rage. Some use it for styling, but most its due to the tail lights not have retroreflective devices installed.