There is a campground in Caroline and more campgrounds in the surrounding area with lots of opportunity for outdoor recreation.
Surrounded by farmland, the main industry of the village of Caroline is agriculture, with sawmills and logging operations also playing a part in the economic picture since the early 20th century. About 3,500 tourists from across Canada and countries such as Holland, the Philippines, Finland, Australia and Great Britain visit annually, giving rise to a thriving tourist industry.
No doubt the best-known fact about Caroline is as the home town of figure skater, Kurt Browning. Caroline's arena was built when Kurt was 6 and debuted in it. It was re-named after him in 2004. It is likely that the presence of this arena has also given opportunities to three NHL players who come from Caroline.
- famous as the home town of Canadian figure skating champion, Kurt Browning
- Kurt's Korner, a museum of skating memorabilia from Browning's career, housed in an arena that bears his name
- home of Kris Russell, Nick Tarnasky, Jim Vandermeer, NHL hockey players
- Caroline and District Museum, in a restored schoolhouse, outlines western Canadian history of the area
- rolling foothills, parks, trails
- Caroline and District Golf Course
- a miniature frontier town
- guest ranches
- Western and Wildlife Art Gallery, featuring the nature prints of John Stone
- Caroline Skate Park