This refers to a one-year period using the actual number of days in each month. This begins on January 1 and ends on December 31. It has a total of 365 days, or 366 days if it’s a leap year. For purposes of individual and corporation taxation, the calendar year typically corresponds with the fiscal year.
Calendar Year
This refers to a one-year period using the actual number of days in each month. This begins on January 1 and ends on December 31. It has a total of 365 days, or 366 days if it’s a leap year. For purposes of individual and corporation taxation, the calendar year typically corresponds with the fiscal year.
