Yes, balance due date is April 30th every year. If you can't pay on time, you will be fined with high interest rate on your owed amount. / f# f ~" W7 k: e* Z
7 y4 r3 h+ k; M6 M7 h1 ZHowever, you can often make a deal with the Canada Customs and Revenue Agency (CCRA) for taxes you owe. You can either negotiate payment terms or file a proposal under the Bankruptcy and Insolvency Act (BIA) rather than filing for bankruptcy.