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. # v' V2 M3 L2 ~1 q+ B" i: o2 y
* |4 p' ^6 V& T( I; @+ G0 [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.