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. , _ C3 z( b/ E' P( W: `' y1 c, ]3 M& B. H7 a8 {1 L' n& c
However, 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.