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. # C+ A- \4 f8 F h! l& i$ T z2 t! S9 l" a6 O
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.