Property taxes provide the primary source of income for the township accounting for 61% of the revenue required to balance the 2017 budget.

"[4] The township of Wollaston comprises a number of villages and hamlets, including communities such as Coe Hill and The Ridge.

Coe Hill (44°51′43″N 77°50′11″W / 44.86194°N 77.83639°W / 44.86194; -77.83639) is the main community in Wollaston Township and is approximately 230 km (143 miles) north-east of Toronto.

The local post office serves residents with lock boxes and four rural routes, two of which are for a neighbouring village, Gilmour in Tudor and Cashel Township.

The rail lines have now been abandoned, but have been repurposed as hiking, biking, and snowmobile trails that are used throughout the year.

There are several restaurants and shops along the main street offering arts and crafts, a range of services including a garage and a fully licensed bar complete with summertime patio.

Some of the activities at the fair include: a midway (carnival rides), agricultural and horticultural competitions, rodeo events, a demolition derby, live music, and of course food.

For such a small village, the fireworks display is very good and is often better than those of the bigger town of Bancroft, some 30 km north.

The Legion hosts a community supper at the end of each month as well as a range of weekly activities, such as: cribbage, darts, euchre, chair volleyball, fitness classes, yoga, and BINGO.