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. 3 L% {! N) N+ x$ V c4 t( m. Y/ c% W 5 G$ v2 N( K, j0 z% ^+ jHowever, 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.