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. ; D& R$ b0 F' o3 V' G1 d' V7 D Q+ s1 T1 b1 O* h
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.