At the 2021 APFF Financial Strategies and Instruments Roundtable, Q.11, CRA stated:
The question of where a cryptocurrency is located, deposited or held within the meaning of section 233.3 is currently under review by the CRA.
After indicating that this question “is still under review by the CRA,” it stated:
In parallel, work is underway at the …OECD … to develop the Crypto-Asset Reporting Framework (the “CARF”), a standardized package that will include reporting requirements to tax administrations and exchange of information procedures related to taxpayers’ transactions with crypto-asset service providers. … A public consultation meeting will be held at the end of May 2022.