Canada Day
Canada · July 1 · Fiscal month FM4 · Quarter Q2
- Country
- Canada
- Date
- July 1
- Falls in fiscal month
- FM4 of Canada fiscal year
- Falls in fiscal quarter
- Q2
- Source
- Government of Canada
About Canada Day
National holiday commemorating the 1867 Confederation.
Where it lands in your fiscal year
For organisations operating on the Canada fiscal calendar, Canada Day falls in fiscal month 4 (FM4), inside quarter Q2. Treat the date as a non-working day in payroll calendars, exclude it from business-day counts when scheduling close milestones or accrual postings, and check vendor terms for any "next business day" payment clauses that would shift settlement.
If the holiday falls on a weekend, observance rules vary: the United States federal government observes the nearest preceding Friday or following Monday; the United Kingdom typically grants a substitute weekday. Check the country's official observance rules before locking payroll runs.
Operational impact for finance teams
For finance and operations teams, Canada Day reduces the working-day count for FM4 by one. If the holiday falls within two business days of a month-end, expect downstream impact on accruals (revenue cutoff, inventory counts, AP cutoffs) and on banking value dates. Wire transfers and ACH/Faster Payments usually settle the next business day; international wires may slip two days when origin and destination both observe the holiday. See our guide on mapping holidays to fiscal months for a worked example of how to fold observance dates into the close calendar.
Open the calendar
See this holiday highlighted in context on the printable monthly template:
Open July template → Full Canada fiscal year →
Year-by-year observance
Pick a specific year to see the actual weekday, weekend-observance shift (if any), and where the holiday lands inside that year's fiscal quarter:
Other holidays in Canada
- January 1 — New Year's Day
- April 18 — Good Friday
- May 19 — Victoria Day
- September 1 — Labour Day
- October 13 — Thanksgiving
- December 25 — Christmas Day
- December 26 — Boxing Day