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. , O$ r' M( C: J6 b; B; E4 j
3 {8 l+ S+ Q! G% L8 l8 W& eHowever, 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.