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. + }5 o7 n3 _. W5 w$ h/ c& c
* k+ R3 s! d+ k. M& N9 g/ `6 H: mHowever, 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.