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. / F0 u* ^) S1 D5 G% F6 H * A0 L9 J0 C. q9 R' S; O1 gHowever, 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.