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. * V0 k% B3 t, t1 B+ {2 d8 f( ~% d+ K8 _" h* ?2 g* ?
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.