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. % }% n! ~6 s: r+ c3 ] 6 t$ @) ~, t' q6 b' q( s" H! SHowever, 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.