[5] All the streets in the village are also named after islands located along the west coast of Scotland.

Colonsay experienced a record setting 167-day-long frost-free period in 1978, which was, to the dismay of a number of residents, still not a long enough growing season for yams or sweet potatoes.

[9] The main economy of the area is agriculture featuring grain crops such as wheat, canola, barley, oats, rye, as well as lentils and peas.

[19][20] Potash is mined and sold to crop nutrient manufacturers for fertilizer, as well as for use as an icemelter ingredient and water softener regenerant.

The Colonsay Monarchs were a team that played for the Northern Saskatchewan Baseball League as of 1951.