Currently, the economy of the township is primarily based on tourism, recreation, and the service sector with forestry and aggregate (composite) extraction contributing as well.

These hotels were sought after destinations for many rich and famous individuals and groups at the time, including Hollywood stars like Clark Gable, writers like Ernest Hemingway and, during the Second World War, the Dutch royal family.

Much of the original components have since been repatriated and continue to operate on the grounds of Muskoka Heritage Place near Huntsville.

The township includes the communities of Baysville, Bigwin, Birkendale, Bona Vista, Bondi Village, Britannia, Brooks Mills, Browns Brae, Dorset, Dwight, Fox Point, Glenmount, Grandview, Grassmere, Grove Park, Hillside, Limberlost Lodge, Lumina, Maple Ridge, Millar Hill (ghost town), Nith Grove, North Portage, Norway Point, Port Cunnington, Sea Breeze, South Portage and Wahawin.

In 1963, the former Dorset Fire Tower was shown in the opening credits of the old CBC TV show The Forest Rangers.