Jonathan Rawlings, 36, was shot four times on Aug. 11, 2011.
Police had been trying to stop two stolen trucks and Rawlings was pursued into a Calgary neighbourhood on foot by a veteran officer.
The Alberta Serious Incident Response Team, which reviews all shootings involving police, said it is satisfied that the use of lethal force was justified.
"By reviewing the full investigative file and taking into consideration the opinion of Crown counsel, I am satisfied the officer involved in this incident was justified in using lethal force during the course of the arrest," ASIRT Executive Director Clifton Purvis said Friday in a release.
Purvis also expressed his condolences to Rawlings' family and friends.
Rawlings was treated by paramedics and transported to hospital where he died of his wounds.
At the time of the shooting Calgary's police chief backed the actions of his officer, who was an experienced member of the tactical team.
Rawlings had several run-ins with the law over the years.
He had been arrested on a Canada-wide warrant for 10 drug and weapons charges in 2010 when he was on statutory release for previous drug possession and trafficking convictions.
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