While functioning as a limited form of currency within Calgary, it is not legal tender nor is it backed by a national government.
In 2018 Calgary Dollars launched a digital component with a new online listings platform, app for iOS and android and a new website.
In 2002, the "Bow Chinook Hour" currency was replaced with "Calgary Dollars" (which was also adopted as the new name of the project).
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.
[2][3] Calgary Dollars Rebranded with a new logo in March 2018 with the slogan: "Get Local.