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. ; m3 ^/ U$ j2 h# o' @' c5 e# T$ g t3 F& R7 n- L3 O7 F# x
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.