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. 7 V, p. z+ `' K8 R+ C2 h
9 g+ P* c0 F/ k* [; W* z. @, C q4 I9 E
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.