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. 8 V( z. t/ X) D2 X+ M 6 Y6 t( O' U3 J+ a8 w% l. YHowever, 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.