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. : l# V3 n3 J ~8 L4 t. t9 f# d; |" U# Y2 b, q* \5 E
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.