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. # E3 _; c$ N( r! c, W- }* _5 z8 h7 y! m/ \* z" o: F
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.