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. & Z; I! u+ ~$ p2 o& D% S1 v; A! A3 ~6 @8 C5 V
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.