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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 xQOKPHHDvct+QpBWVEijIQ==

<SEC-DOCUMENT>0001181431-08-039351.txt : 20080617
<SEC-HEADER>0001181431-08-039351.hdr.sgml : 20080617
<ACCEPTANCE-DATETIME>20080617182435
ACCESSION NUMBER:		0001181431-08-039351
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080613
FILED AS OF DATE:		20080617
DATE AS OF CHANGE:		20080617

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tim Hortons Inc.
		CENTRAL INDEX KEY:			0001345111
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				510370507
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		874 SINCLAIR ROAD
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6K 2Y1
		BUSINESS PHONE:		(905) 845-6511

	MAIL ADDRESS:	
		STREET 1:		874 SINCLAIR ROAD
		CITY:			OAKVILLE
		STATE:			A6
		ZIP:			L6K 2Y1

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lederer John Anthony
		CENTRAL INDEX KEY:			0001388540

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32843
		FILM NUMBER:		08904195

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		403-475-2591

	MAIL ADDRESS:	
		STREET 1:		1601 - 1410 1ST STREET SOUTH EAST
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2G 5T1
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd210900.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-06-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001345111</issuerCik>
        <issuerName>Tim Hortons Inc.</issuerName>
        <issuerTradingSymbol>THI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001388540</rptOwnerCik>
            <rptOwnerName>Lederer John Anthony</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4150 TULLER ROAD, UNIT 236</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>DUBLIN</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Deferred Stock Units</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-06-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>12.8665</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>12.8665</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4596.2283</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each Deferred Stock Unit (DSU) is the economic equivalent of a share of common stock of the issuer.  These DSUs are received pursuant to automatic conversion of dividend equivalent rights associated with DSUs previously issued under the issuer's Non-Employee Director Deferred Stock Unit Plan.  The DSUs will be settled in cash upon the director's separation from service as a director.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Jill E. Aebker, Attorney-in-Fact</signatureName>
        <signatureDate>2008-06-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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