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. # Y) T, G' e* `1 n 1 V4 r# Z( T4 M, A5 ] q8 c/ ~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.