Calendar Year

Calendar Year
The one-year period that begins on January 1 and ends on December 31, based on the commonly used Gregorian calendar. For individual and corporate taxation purposes, a calendar year will generally comprise all of the year's financial information used to calculate income tax payable.

Most individuals and many companies use the calendar year as their fiscal year, or the one-year period on which their payable taxes are calculated. However, some companies choose to report their taxes based on a fiscal year (e.g. starting on April 1 and ending on March 31) to better conform to seasonality patterns or other accounting concerns applicable to their businesses.

Investment dictionary. . 2012.

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  • calendar year — UK US noun [C] ► a period of 365 or 366 days, starting on January 1st and ending on December 31st. In the US a particular calendar year can be referred to as calendar 2011, 2012, etc. : »The fund has convincingly beaten its peers over each of the …   Financial and business terms

  • calendar year — calendar years N COUNT A calendar year is a period of twelve months from January 1 to December 31. Calendar year is often used in business to compare with the financial year …   English dictionary

  • calendar year — n. the period of time from Jan. 1 through Dec. 31: distinguished from FISCAL YEAR * * * ➡ calendar * * * …   Universalium

  • calendar year — n the period of time from January 1st to December 31st of the same year …   Dictionary of contemporary English

  • calendar year — noun count the period of time between January 1 and December 31 of a particular year …   Usage of the words and phrases in modern English

  • calendar year — n. the period of time from Jan. 1 through Dec. 31: distinguished from FISCAL YEAR …   English World dictionary

  • calendar year — n. January 1 through December 31. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Calendar year — Generally speaking, a calendar year begins on the New Year s Day of the given calendar system and ends on the day before the following New Year s Day. By convention, a calendar year consists of a natural number of days. To reconcile the calendar… …   Wikipedia

  • calendar year — noun the year (reckoned from January 1 to December 31) according to Gregorian calendar (Freq. 13) • Syn: ↑civil year • Hypernyms: ↑year, ↑twelvemonth, ↑yr • Hyponyms: ↑date …   Useful english dictionary

  • calendar year — UK / US noun [countable] Word forms calendar year : singular calendar year plural calendar years the period of time between 1st January and 31st December of a particular year …   English dictionary

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