Jump to content

Calgary Dollar: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
SmackBot (talk | contribs)
m remove deprecated parameter from cite template
H3llBot (talk | contribs)
m BOT: Checking dead links; Added 1 archived Wayback link
Line 5: Line 5:
|accessdate=November 24, 2006
|accessdate=November 24, 2006
|publisher=Calgary Dollars
|publisher=Calgary Dollars
|archiveurl = http://web.archive.org/web/20061018143022/http://www.calgarydollars.ca/faq.html#taxes <!-- Bot retrieved archive --> |archivedate = October 18, 2006}}</ref>
}}</ref>
<ref>{{cite web
<ref>{{cite web
|url=http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.html
|url=http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.html

Revision as of 14:18, 1 October 2010

Calgary Dollars are a local currency in Calgary, Alberta, Canada. While functioning as a limited form of currency within Calgary, they are not a legal tender nor are they backed by a national government. Instead, the currency serves (according to their proponents) as a tool for community economic development as well as a focus for community building. The Calgary Dollars organization considers its local currency to be implicitly sanctioned by the Canada Revenue Agency (CRA) based on a CRA publication which discusses the taxation of "credit units possessing a notional monetary unit value" used as a medium of exchange by local barter groups.[1] [2]

The Currency

File:CalgaryDollarsCurrency.jpg
Calgary Dollars as printed currency.

It comes in denominations of 1, 5, 10, 25 and 50 Calgary Dollars.

The bills are printed on a plastic material in the same dimensions as the Canadian dollar.

In print, the currency is commonly abbreviated as "C$".

History

The currency was founded in 1996 as a project of The Arusha Centre, in Calgary. The project was originally called the "Bow Chinook Barter Community (BCBC)", and the currency was named the "Bow Chinook Hour".

In 2002, the "Bow Chinook Hour" currency was replaced with "Calgary Dollars" (which was also adopted as the new name of the project).

See also

References

  1. ^ "What about Income Tax?". Calgary Dollars. Archived from the original on October 18, 2006. Retrieved November 24, 2006.
  2. ^ "IT-490 Barter Transactions". Canada Revenue Agency. 1982. Retrieved November 24, 2006. {{cite web}}: Unknown parameter |month= ignored (help)