C erebrovascular reactivity (CVR) refers to the responsiveness of cerebral vasculature to vasoactive stimuli, and reflects vascular reserve information. Hemodynamic changes represented in CVR metrics precede and contribute to neuropathology, and change in response to interventions, such as revascularization in steno-occlusive disease. 1 CVR impairments have been associated with a range of disorders including stroke, brain tumors, traumatic brain injury, substance abuse, multiple sclerosis, hypertension, diabetes, small vessel disease, cardiovascular disease, and dementia. 2,3 The relationship of CVR with normal aging, toward quantification of neural activity, cognition, as well as mild cognitive impairment in the general population is of interest. 2,4 Vasodilation is a result of the relaxation of smooth muscle cells lining arteries and arterioles in response to extracellular and intracellular acidosis. Vasodilation can be triggered by exogenous stimuli including injection of acetazolamide (ACZ), i.e., a carbonic anhydrase inhibitor that causes acidosis; or by induction of changes in the partial pressure of arterial CO 2 (PaCO 2 ). PaCO 2 can be manipulated through voluntary breathing modulations (such as breath-holding, hyperventilation, or paced breathing) or inhalation of various gases, enriched with CO 2 , O 2 , or both (i.e., hypercapnic, hyperoxic, carbogen), or rebreathing exhaled gases, or a combination of these. Since PaCO 2 cannot be easily measured in vivo, instead, the partial pressure of CO 2 in the exhaled gas, end-tidal CO 2 (EtCO 2 ), is typically monitored and targeted (manually or using a computer-controlled device, i.e., RespirAct, Thornhill Research, Toronto, Canada). 2 CVR can be investigated using MRI contrasts related to changes in cerebral blood flow (CBF) or cerebral blood volume (CBV): Dynamic susceptibility contrast (DSC) MRI measures both CBF and CBV following intravenous injection of a gadolinium-based contrast agent. Arterial spin labeling (ASL) and phase contrast (PC) MRI measure CBF in tissue and large vessels, respectively, while vascular space occupancy (VASO) measures CBV. Blood oxygenation level dependent (BOLD) MRI, can also measure CVR due to its sensitivity to a combination of CBF and CBV.