The short answer to your question is NO. Part of the reason it doesn't work for non-Kobo purchased books may well be the formatting of the book, but it also relates to privacy and the fact that the information for your non-Kobo purchased books would have be transmitted to the Kobo servers. Canada has pretty strong privacy legislation and although it would probably be possible to program/design ways to comply with the legislation, it wouldn't be easy and likely not worth their while, as nice as the feature might be.
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