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. : x. F8 E7 j( t7 X" m, Q* u( Z2 \ t8 r: W
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.