Calendar Year Quarter Definition

The calendar year can be divided into four quarters often abbreviated as q1 q2 q3 and q4.

Calendar year quarter definition. One of the four periods of three months into which the financial year is divided january until. Fiscal quarters however coincide with a company s fiscal year which doesn t always align with the calendar year. A calendar quarter corresponds to the calendar year.

For individual and corporate taxation purposes the calendar. A quarter refers to one fourth of a year and is. The first days of each calendar quarter are always january 1 april 1 july 1 and october 1.

A calendar year is a one year period that begins on january 1 and ends on december 31 based on the commonly used gregorian calendar. Calendar quarter definition is one of the four periods of three months each of a calendar year. 1 april 30 june 91 days third quarter q3.

Calendar quarter means each successive period of three 3 calendar months commencing on january 1 april 1 july 1 and october 1 except that the first calendar quarter of the term shall commence on the effective date and end on the day immediately prior to the first to occur of january 1 april 1 july 1 or october 1 after the effective date and the last calendar quarter shall end on the last day of the term. A quarter is a three month period on a company s financial calendar that acts as a basis for periodic financial reports and the paying of dividends. Calendar quarters correspond to the standard calendar year meaning that the first quarter always begins with january 1st and the fourth quarter ends with december 31st.

1 october 31 december 92 days. 1 january 31 march 90 days or 91 days in leap years second quarter q2. One of the four periods of three months into which the financial year is divided january until.

1 july 30 september 92 days fourth quarter q4.