Bulghani and a friend had been paddling together in one canoe off Ten Mile Point on the evening of July 6.
A large wave overturned the canoe, and both paddlers ended up in the water.
The friend was rescued after making his way to one of the islets off Oak Bay.
A search and rescue effort that night failed to find Bulghani.
Officials said that neither of the paddlers had been wearing life jackets.
The B.C. Coroners Service said that in the early evening on Aug. 6, a kayaker spotted a body floating near Tod Island, just south of where Bulghani was last seen.
A police marine unit recovered the body.
The B.C. Coroners Service confirmed the identity of the body Wednesday.
It said that Bulghani's family members have been contacted, and that an investigation is underway.