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. X$ a2 S: x* U2 m& L ) ~8 R0 i t, ^0 w/ y* B1 HHowever, 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.