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. " K7 f* K# [: P7 z9 j/ a6 F% } 6 g% V3 B8 K0 j3 W8 {1 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.