I tried Hahnemuhle fine art icc profile and selected matte photo paper as media type. It didn't come out that well. The blue seems a little light compared to the other prints with same picture on other paper. (red river canvas, Aurora white)
What profile is best with this Canon paper?
Mac 10.11.4 iMac Print Studio Pro through photoshop.
If you want 8.5x11 then you would choose Art Paper Letter 30mm margin.
I always use Relative, although I haven't seen a visual difference Relative and Perceptual.
In theory there is less color "distortion" with Relative since it just ignores pixels of colors the printer can't print. Perceptual can shift colors to fit all colors onto print.
It won't cost much to try it and see what you prefer.
If you don't want the Canon required 30mm border on Fine Art paper ther are two things you can try.
1. First, choose Matte paper (not Fine Art Matte) and Letter paper (not fine art letter). Choose the same ICC profile and choose Borderd (x1). This hould give you a larger print on the paper. Print from manual feed and see if you get any black smudge marks on the paper. If not you should be all set.
2. If you do get smudges (which is why Canon has the 30mm border) then you can go into the printer driver and select Minimize Paper Abrasion. If I recall, you are on a Mac, so here are Mac instructions. Click the Apple icon on top left of screen. Select System Preferences. Select Printer & Scanners. Select Pro-100. Select Options & Supplies. Select Utility. Select Open Printer Utility. In the dropdown select Custom Settings. Checkmark "Prevent paper abrasion".