A time correction device including a positioning unit that receives signals from positioning information satellites orbiting the Earth and determines the position of the positioning unit; a time correction information storage unit that stores time correction information for correcting time information produced by a time information generating unit; a time information correction unit that corrects the time information based on the time correction information; a time correction basis information storage unit that stores time correction basis information, which is basis information for generating the time correction information; a time correction information generating unit that generates the time correction information based on the time correction basis information; and a selection information storage unit for storing selection information. The time correction basis information includes plural-satellite-referenced time correction basis information that is the basis information for generating the time correction information based on signals from a plurality of positioning information satellites; single-satellite-referenced time correction basis information that is the basis information for generating the time correction information based on signals from a single positioning information satellite using positioning information acquired when the time correction information generating unit generates the time correction information based on the plural-satellite-referenced time correction basis information; and partial-satellite-signal-referenced time correction basis information that is the basis information for generating the time correction information based on a time-related signal in the signals received from a single positioning information satellite using time difference information acquired when the time correction information generating unit generates the time correction information based on the single-satellite-referenced time correction basis information. The selection information is used by the time correction information generating unit to select from the time correction basis information and apply the plural-satellite-referenced time correction basis information, the single-satellite-referenced time correction basis information, or the partial-satellite-signal-referenced time correction basis information.