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. + G/ O! q6 y _9 e; u# n2 n @+ c# [! D% n: q! N$ I
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.