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Everything you need to know about OUR Community Dollar — how it works, whether it's legal, and how to use it in your everyday life and business.

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The OUR Community Dollar Program™ is not anchored to federal currency. It is created to support local commerce and act in conjunction with our federal currency system.

Some currency programs are based on exchanging federal currencies for forms of local currencies. For instance, in Salt Spring Island, B.C, Canada, individuals can exchange federal money for Salt Spring Island notes. This type of system supports exchanges at 100% local currency as the currency is directly anchored to federal currency. The participants show a conviction to spend their money in their own community.

There are over 3,000 community currency programs around the globe. Many individuals and businesses benefit from various forms of exchange. Many entrepreneurs access organized barter systems and local exchange systems. These systems of exchange are subject to government laws and regulations.

The OUR Community Dollar Program does not support any tax avoidance or activity that violates local or federal regulations.

OUR Community Dollar guidelines and activities are compliant with all applicable business and regulatory guidelines.

Communities all over the world are experiencing the benefits of launching local currency programs.

Systems of community currency can strengthen local economies, support charities, assist in creating new employment, and kick start community projects.

Salt Spring Island, Calgary, and Toronto, are just some of the examples of successful Canadian community currency programs. You can learn more by checking Wikipedia to view Canadian local currencies projects.

Not difficult at all... Whatever program the book-keeper uses simply needs another column to track transactions. For instance, if you currently accept Cash, Debit, VISA, MasterCard and then you Join OC$, the bookkeeper can add one more entry category and use that.

For example, if you accept 10% OC$ on a $100.00 order you would enter 10 in the OC$ section and 90.00 in the Cash or charge card section. Remember that HST would apply to the whole $100.00 transaction so your bookkeeper would enter $13.00 in the HST column.

Instead of siphoning profits into distant places, this keeps the benefits of your purchases local... your neighbours do better, and your community is safer, healthier, and more kind.

That is not a bad comparison. We are a membership-based operation like a Chamber of Commerce. As our membership grows, we will be able to organize events similar to what a local Chamber might do. The main difference is we have a local shopper level of membership.

Another difference is Chamber members are encouraged to surrender discounts to other members. We believe that by accepting local currency the business can receive full value in their transactions.

Also, the currency can be used for consumer interactions at garage sales and local exchanges. A Chamber of commerce is structured for business-to-business interactions and excludes the general population.

If it is a $30.00 transaction, the total amount of the transaction with Tax would be $33.90. The business may accept 10% OC$ on the whole amount or 10% on the before tax amount. Since the lowest denomination of OC$ Currency is a One OC$ note, it would be impossible in this example, to accept 3.90 OC$ so the business may round up and accept 4 OC$.

If the total amount resulted in ten percent being an amount less than 50 cents the business might round down to the lower whole number.

We advise the business to round up in favour of the customer to encourage the customer to be a repeat client.

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