Instead, Crown counsel will ask a court to forbid 41-year-old Jonathan Landsman from contact with the child or his caregiver.
Landsman appeared in court on Tuesday to face the allegation, but RCMP say the Crown has determined there is not enough evidence to indicate that Landsman tried to abduct the boy.
Police say Landsman knocked on several doors on Tuesday before the child answered, at which point Landsman walked into the home and tried to shake a caregiver's hand.
When the startled caregiver refused, police say Landsman left the apartment, but not before picking up the family's kitten and an old toy wrestling belt, and grabbing the hand of the four-year-old.
The boy refused to go any further once the pair reached the lobby, so Landsman left with only the toy belt and was arrested soon after by police.