UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 30, 2006

TIM HORTONS INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32843	51-0370507
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

874 Sinclair Road, Oakville, ON, Canada	L6K 2Y1
(Address of principal executive offices)	(Zip Code)

(905) 845-6511
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

Selected Information in Connection with Results of Operations by Quarter for 2005

Set forth below is selected financial information provided in connection with the Company’s unaudited Condensed Consolidated Quarterly Statements of Operations for the four fiscal quarters of 2005 and for the full year 2005. The Company has elected to provide such information for comparative purposes as the Company has not previously made available its results of operations for 2005 on a quarterly basis.

Selected Financial Information in Connection with 2005 Condensed Consolidated Quarterly
Statements of Operations (Unaudited)

													Full Year
	Q1 ended			Q2 ended			Q3 ended			Q4 ended			(2005) ended
	April 3,			July 3,			October 2,			January 1,			January 1,
	2005			2005			2005			2006			2006
	(Canadian dollars in thousands, except share and per share data)
Revenues
Sales	$	209,296		$	242,422		$	251,766		$	256,766		$	960,250
Franchise revenues:
Rents and royalties		102,056			115,240			115,730			116,765			449,791
Franchise fees		12,237			10,858			18,563			30,328			71,986
		114,293			126,098			134,293			147,093			521,777
Total revenues		323,589			368,520			386,059			403,859			1,482,027
Costs and expenses
Cost of sales		183,067			208,939			221,239			220,920			834,165
Operating expenses		38,194			41,081			40,204			45,778			165,257
Franchise fee costs		12,036			12,458			18,712			26,006			69,212
General and administrative expenses		25,463			25,069			23,196			35,234			108,962
Equity (income)		(7,606	)		(8,193	)		(7,482	)		(8,477	)		(31,758	)
Goodwill and asset impairment		—			—			—			53,101			53,101
Other (income) expense, net		(74	)		(1,778	)		(5,678	)		571			(6,959	)
Total costs and expenses, net		251,080			277,576			290,191			373,133			1,191,980
Operating income		72,509			90,944			95,868			30,726			290,047
Interest (expense)		(853	)		(1,135	)		(1,295	)		(763	)		(4,046	)
Interest income		752			657			891			1,685			3,985
Affiliated interest (expense), net		(1,754	)		(1,438	)		(1,718	)		(9,546	)		(14,456	)
Income before income taxes		70,654			89,028			93,746			22,102			275,530
Income taxes		23,153			28,129			27,485			5,672			84,439
Net income	$	47,501		$	60,899		$	66,261		$	16,430		$	191,091
Basic and fully dilutive earnings per share of common stock	$	0.30		$	0.38		$	0.41		$	0.10		$	1.19
Weighted average # of shares outstanding (in thousands)		159,953			159,953			159,953			159,953			159,953

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TIM HORTONS INC.
By:	Leon M. McCorkle, Jr.
	Leon M. McCorkle, Jr. Vice President and Secretary

Date   May 30, 2006