- Calgary Dollars
Calgary Dollars are a
local currency inCalgary, Alberta ,Canada . While functioning as a limited form of currency within Calgary, they are not alegal tender nor are they backed by a national government. Instead, the currency serves (according to their proponents) as a tool forcommunity economic development as well as a focus forcommunity building . The Calgary Dollars organization considers its local currency to be implicitly sanctioned by theCanada 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. [cite web
url=http://www.calgarydollars.ca/faq.html#taxes
title=What about Income Tax?
accessmonthday=November 24
accessyear=2006
publisher=Calgary Dollars] [cite web
url=http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.html
title=IT-490 Barter Transactions
accessmonthday=November 24
accessyear=2006
year=1982
month=July
publisher=Canada Revenue Agency]The 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 theCanadian 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).ee also
*
Barter
*Complementary currency
*Ithaca Hours
*BerkShares
*Toronto dollar References
External links
* [http://www.calgarydollars.ca/ Calgary Dollars]
* [http://www.arusha.org/ The Arusha Centre]
* [http://www.alternativesjournal.ca/issues/311/staples.asp Alternatives Journal article]
* [http://www.innovation-award.ca/story0f6d.html?Page=story.html&IdeabookID=154 Peter F. Drucker Award]
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