|
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 implictly 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] In economics, a local currency, in its common usage, is a currency not backed by a national government (and not legal tender), and intended to trade only in a small area. ...
Calgary is a city in the province of Alberta, Canada. ...
Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ...
Community Economic Development (CED) is action taken locally by a community to provide economic opportunities and improve social conditions in a sustainable way. ...
Community building is a field of practices directed toward the creation or enhancement of community between individuals within a regional area (such as a neighbourhood) or with a common interest. ...
The Canada Revenue Agency (CRA) administers: tax laws for the Government of Canada and for most provinces and territories; international trade legislation; and various social and economic benefit and incentive programs delivered through the tax system. ...
The Currency
 Calgary Dollars as printed currency. It comes in denominations of 1, 5, 10, 25 and 50 Calgary Dollars. Image File history File links CalgaryDollarsCurrency. ...
Image File history File links CalgaryDollarsCurrency. ...
The bills are printed on a plastic material in the same dimensions as the Canadian dollar. This article or section does not adequately cite its references or sources. ...
ISO 4217 Code CAD User(s) Canada Inflation 2. ...
In print, the currency is commonly abbreviated as "C$". Graphic symbols are often used as a shorthand for currency names. ...
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". 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...
In 2002, the "Bow Chinook Hour" currency was replaced with "Calgary Dollars" (which was also adopted as the new name of the project). For album titles with the same name, see 2002 (album). ...
See also Barter is a type of trade in which goods or services are exchanged for other goods and/or services; no money is involved in the transaction. ...
Complementary currency is a hypernym (superordinate) of local currency (also referred to as community currency) and sectoral currency. ...
An Eighth Hour, part of the local currency system of Ithaca, NY. Ithaca Hours is a local currency in Ithaca, New York. ...
References - ^ What about Income Tax?. Calgary Dollars. Retrieved on November 24, 2006.
- ^ IT-490 Barter Transactions. Canada Revenue Agency (July 1982). Retrieved on November 24, 2006.
External links - Calgary Dollars
- Calgary Dollars Yahoo group
- The Arusha Centre
- Alternatives Journal article
- Peter F. Drucker Award
|
Feeds |
Contact