Detailed report
PDF Version
Insolvency Statistics in Canada
March 2015
207 KB, 7 pages
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
Note:
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
- NAICS:
- North American Industry Classification System.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| March 2015 | Feb. 2015 | March 2014 | Feb. 2015 to March 2015 | March 2014 to March 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Newfoundland and Labrador | 143 | 147 | 149 | -2.7 | -4.0 | 1,586 | 1,660 | -4.5 |
| Bankruptcies | 119 | 123 | 130 | -3.3 | -8.5 | 1,362 | 1,486 | -8.3 |
| Proposals | 24 | 24 | 19 | 0.0 | 26.3 | 224 | 174 | 28.7 |
| Prince Edward Island | 78 | 62 | 63 | 25.8 | 23.8 | 747 | 681 | 9.7 |
| Bankruptcies | 46 | 42 | 40 | 9.5 | 15.0 | 519 | 469 | 10.7 |
| Proposals | 32 | 20 | 23 | 60.0 | 39.1 | 228 | 212 | 7.5 |
| Nova Scotia | 461 | 398 | 402 | 15.8 | 14.7 | 5,393 | 4,863 | 10.9 |
| Bankruptcies | 306 | 255 | 282 | 20.0 | 8.5 | 3,823 | 3,400 | 12.4 |
| Proposals | 155 | 143 | 120 | 8.4 | 29.2 | 1,570 | 1,463 | 7.3 |
| New Brunswick | 382 | 313 | 317 | 22.0 | 20.5 | 4,391 | 4,091 | 7.3 |
| Bankruptcies | 258 | 206 | 214 | 25.2 | 20.6 | 3,055 | 2,907 | 5.1 |
| Proposals | 124 | 107 | 103 | 15.9 | 20.4 | 1,336 | 1,184 | 12.8 |
| Quebec | 4,309 | 3,884 | 3,715 | 10.9 | 16.0 | 44,806 | 42,648 | 5.1 |
| Bankruptcies | 2,379 | 2,070 | 2,127 | 14.9 | 11.8 | 26,095 | 26,693 | -2.2 |
| Proposals | 1,930 | 1,814 | 1,588 | 6.4 | 21.5 | 18,711 | 15,955 | 17.3 |
| Ontario | 4,061 | 3,227 | 3,955 | 25.8 | 2.7 | 41,881 | 44,811 | -6.5 |
| Bankruptcies | 1,814 | 1,467 | 1,862 | 23.7 | -2.6 | 19,780 | 22,284 | -11.2 |
| Proposals | 2,247 | 1,760 | 2,093 | 27.7 | 7.4 | 22,101 | 22,527 | -1.9 |
| Manitoba | 194 | 161 | 159 | 20.5 | 22.0 | 2,039 | 1,916 | 6.4 |
| Bankruptcies | 118 | 85 | 98 | 38.8 | 20.4 | 1,283 | 1,254 | 2.3 |
| Proposals | 76 | 76 | 61 | 0.0 | 24.6 | 756 | 662 | 14.2 |
| Saskatchewan | 212 | 171 | 201 | 24.0 | 5.5 | 2,067 | 1,906 | 8.4 |
| Bankruptcies | 111 | 82 | 127 | 35.4 | -12.6 | 1,130 | 1,159 | -2.5 |
| Proposals | 101 | 89 | 74 | 13.5 | 36.5 | 937 | 747 | 25.4 |
| Alberta | 858 | 744 | 759 | 15.3 | 13.0 | 8,594 | 8,296 | 3.6 |
| Bankruptcies | 394 | 336 | 371 | 17.3 | 6.2 | 3,954 | 4,530 | -12.7 |
| Proposals | 464 | 408 | 388 | 13.7 | 19.6 | 4,640 | 3,766 | 23.2 |
| British Columbia | 1,079 | 964 | 1,021 | 11.9 | 5.7 | 11,791 | 11,949 | -1.3 |
| Bankruptcies | 490 | 524 | 604 | -6.5 | -18.9 | 6,436 | 7,138 | -9.8 |
| Proposals | 589 | 440 | 417 | 33.9 | 41.2 | 5,355 | 4,811 | 11.3 |
| Northwest Territories | 5 | 2 | 10 | 150.0 | -50.0 | 43 | 56 | -23.2 |
| Bankruptcies | 3 | 1 | 5 | 200.0 | -40.0 | 23 | 33 | -30.3 |
| Proposals | 2 | 1 | 5 | 100.0 | -60.0 | 20 | 23 | -13.0 |
| Yukon | 4 | 4 | 1 | 0.0 | 300.0 | 42 | 33 | 27.3 |
| Bankruptcies | 2 | 4 | 1 | -50.0 | 100.0 | 22 | 25 | -12.0 |
| Proposals | 2 | 0 | 0 | -- | -- | 20 | 8 | 150.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 5 | 7 | -28.6 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 11,786 | 10,077 | 10,752 | 17.0 | 9.6 | 123,385 | 122,917 | 0.4 |
| Bankruptcies | 6,040 | 5,195 | 5,861 | 16.3 | 3.1 | 67,485 | 71,382 | -5.5 |
| Proposals | 5,746 | 4,882 | 4,891 | 17.7 | 17.5 | 55,900 | 51,535 | 8.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| March 2015 | Feb. 2015 | March 2014 | Feb. 2015 to March 2015 | March 2014 to March 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Newfoundland and Labrador | 141 | 144 | 145 | -2.1 | -2.8 | 1,559 | 1,625 | -4.1 |
| Bankruptcies | 118 | 121 | 127 | -2.5 | -7.1 | 1,338 | 1,462 | -8.5 |
| Proposals | 23 | 23 | 18 | 0.0 | 27.8 | 221 | 163 | 35.6 |
| Prince Edward Island | 76 | 61 | 60 | 24.6 | 26.7 | 728 | 661 | 10.1 |
| Bankruptcies | 45 | 41 | 39 | 9.8 | 15.4 | 505 | 456 | 10.7 |
| Proposals | 31 | 20 | 21 | 55.0 | 47.6 | 223 | 205 | 8.8 |
| Nova Scotia | 456 | 392 | 396 | 16.3 | 15.2 | 5,314 | 4,764 | 11.5 |
| Bankruptcies | 304 | 253 | 280 | 20.2 | 8.6 | 3,770 | 3,331 | 13.2 |
| Proposals | 152 | 139 | 116 | 9.4 | 31.0 | 1,544 | 1,433 | 7.7 |
| New Brunswick | 373 | 306 | 302 | 21.9 | 23.5 | 4,307 | 3,998 | 7.7 |
| Bankruptcies | 252 | 203 | 202 | 24.1 | 24.8 | 2,995 | 2,834 | 5.7 |
| Proposals | 121 | 103 | 100 | 17.5 | 21.0 | 1,312 | 1,164 | 12.7 |
| Quebec | 4,069 | 3,687 | 3,520 | 10.4 | 15.6 | 42,412 | 40,448 | 4.9 |
| Bankruptcies | 2,187 | 1,926 | 1,974 | 13.6 | 10.8 | 24,368 | 25,070 | -2.8 |
| Proposals | 1,882 | 1,761 | 1,546 | 6.9 | 21.7 | 18,044 | 15,378 | 17.3 |
| Ontario | 3,948 | 3,110 | 3,864 | 26.9 | 2.2 | 40,754 | 43,619 | -6.6 |
| Bankruptcies | 1,726 | 1,380 | 1,797 | 25.1 | -4.0 | 18,899 | 21,369 | -11.6 |
| Proposals | 2,222 | 1,730 | 2,067 | 28.4 | 7.5 | 21,855 | 22,250 | -1.8 |
| Manitoba | 190 | 160 | 152 | 18.8 | 25.0 | 1,992 | 1,848 | 7.8 |
| Bankruptcies | 115 | 85 | 92 | 35.3 | 25.0 | 1,247 | 1,198 | 4.1 |
| Proposals | 75 | 75 | 60 | 0.0 | 25.0 | 745 | 650 | 14.6 |
| Saskatchewan | 207 | 163 | 182 | 27.0 | 13.7 | 1,968 | 1,779 | 10.6 |
| Bankruptcies | 108 | 78 | 112 | 38.5 | -3.6 | 1,070 | 1,081 | -1.0 |
| Proposals | 99 | 85 | 70 | 16.5 | 41.4 | 898 | 698 | 28.7 |
| Alberta | 847 | 737 | 749 | 14.9 | 13.1 | 8,457 | 8,123 | 4.1 |
| Bankruptcies | 387 | 332 | 365 | 16.6 | 6.0 | 3,853 | 4,405 | -12.5 |
| Proposals | 460 | 405 | 384 | 13.6 | 19.8 | 4,604 | 3,718 | 23.8 |
| British Columbia | 1,065 | 948 | 990 | 12.3 | 7.6 | 11,559 | 11,700 | -1.2 |
| Bankruptcies | 484 | 514 | 586 | -5.8 | -17.4 | 6,257 | 6,958 | -10.1 |
| Proposals | 581 | 434 | 404 | 33.9 | 43.8 | 5,302 | 4,742 | 11.8 |
| Northwest Territories | 5 | 2 | 10 | 150.0 | -50.0 | 43 | 56 | -23.2 |
| Bankruptcies | 3 | 1 | 5 | 200.0 | -40.0 | 23 | 33 | -30.3 |
| Proposals | 2 | 1 | 5 | 100.0 | -60.0 | 20 | 23 | -13.0 |
| Yukon | 4 | 4 | 1 | 0.0 | 300.0 | 41 | 33 | 24.2 |
| Bankruptcies | 2 | 4 | 1 | -50.0 | 100.0 | 22 | 25 | -12.0 |
| Proposals | 2 | 0 | 0 | -- | -- | 19 | 8 | 137.5 |
| Nunavut | 0 | 0 | 0 | -- | -- | 4 | 7 | -42.9 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 4 | -50.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 2 | 3 | -33.3 |
| Canada | 11,381 | 9,714 | 10,371 | 17.2 | 9.7 | 119,138 | 118,661 | 0.4 |
| Bankruptcies | 5,731 | 4,938 | 5,580 | 16.1 | 2.7 | 64,349 | 68,226 | -5.7 |
| Proposals | 5,650 | 4,776 | 4,791 | 18.3 | 17.9 | 54,789 | 50,435 | 8.6 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| March 2015 | Feb. 2015 | March 2014 | Feb. 2015 to March 2015 | March 2014 to March 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Newfoundland and Labrador | 2 | 3 | 4 | -33.3 | -50.0 | 27 | 35 | -22.9 |
| Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 24 | 24 | 0.0 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 3 | 11 | -72.7 |
| Prince Edward Island | 2 | 1 | 3 | 100.0 | -33.3 | 19 | 20 | -5.0 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 14 | 13 | 7.7 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 5 | 7 | -28.6 |
| Nova Scotia | 5 | 6 | 6 | -16.7 | -16.7 | 79 | 99 | -20.2 |
| Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 53 | 69 | -23.2 |
| Proposals | 3 | 4 | 4 | -25.0 | -25.0 | 26 | 30 | -13.3 |
| New Brunswick | 9 | 7 | 15 | 28.6 | -40.0 | 84 | 93 | -9.7 |
| Bankruptcies | 6 | 3 | 12 | 100.0 | -50.0 | 60 | 73 | -17.8 |
| Proposals | 3 | 4 | 3 | -25.0 | 0.0 | 24 | 20 | 20.0 |
| Quebec | 240 | 197 | 195 | 21.8 | 23.1 | 2,394 | 2,200 | 8.8 |
| Bankruptcies | 192 | 144 | 153 | 33.3 | 25.5 | 1,727 | 1,623 | 6.4 |
| Proposals | 48 | 53 | 42 | -9.4 | 14.3 | 667 | 577 | 15.6 |
| Ontario | 113 | 117 | 91 | -3.4 | 24.2 | 1,127 | 1,192 | -5.5 |
| Bankruptcies | 88 | 87 | 65 | 1.1 | 35.4 | 881 | 915 | -3.7 |
| Proposals | 25 | 30 | 26 | -16.7 | -3.8 | 246 | 277 | -11.2 |
| Manitoba | 4 | 1 | 7 | 300.0 | -42.9 | 47 | 68 | -30.9 |
| Bankruptcies | 3 | 0 | 6 | -- | -50.0 | 36 | 56 | -35.7 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 11 | 12 | -8.3 |
| Saskatchewan | 5 | 8 | 19 | -37.5 | -73.7 | 99 | 127 | -22.0 |
| Bankruptcies | 3 | 4 | 15 | -25.0 | -80.0 | 60 | 78 | -23.1 |
| Proposals | 2 | 4 | 4 | -50.0 | -50.0 | 39 | 49 | -20.4 |
| Alberta | 11 | 7 | 10 | 57.1 | 10.0 | 137 | 173 | -20.8 |
| Bankruptcies | 7 | 4 | 6 | 75.0 | 16.7 | 101 | 125 | -19.2 |
| Proposals | 4 | 3 | 4 | 33.3 | 0.0 | 36 | 48 | -25.0 |
| British Columbia | 14 | 16 | 31 | -12.5 | -54.8 | 232 | 249 | -6.8 |
| Bankruptcies | 6 | 10 | 18 | -40.0 | -66.7 | 179 | 180 | -0.6 |
| Proposals | 8 | 6 | 13 | 33.3 | -38.5 | 53 | 69 | -23.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 405 | 363 | 381 | 11.6 | 6.3 | 4,247 | 4,256 | -0.2 |
| Bankruptcies | 309 | 257 | 281 | 20.2 | 10.0 | 3,136 | 3,156 | -0.6 |
| Proposals | 96 | 106 | 100 | -9.4 | -4.0 | 1,111 | 1,100 | 1.0 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| March 2015 | Feb. 2015 | March 2014 | Feb. 2015 to March 2015 | March 2014 to March 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 10 | 8 | 11 | 25.0 | -9.1 | 88 | 128 | -31.3 |
| Bankruptcies | 2 | 1 | 8 | 100.0 | -75.0 | 50 | 91 | -45.1 |
| Proposals | 8 | 7 | 3 | 14.3 | 166.7 | 38 | 37 | 2.7 |
| Mining and Oil and Gas Extraction | 2 | 4 | 8 | -50.0 | -75.0 | 35 | 42 | -16.7 |
| Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 16 | 21 | -23.8 |
| Proposals | 0 | 3 | 5 | -100.0 | -100.0 | 19 | 21 | -9.5 |
| Utilities | 0 | 1 | 3 | -100.0 | -100.0 | 10 | 9 | 11.1 |
| Bankruptcies | 0 | 1 | 3 | -100.0 | -100.0 | 6 | 6 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Construction | 73 | 70 | 54 | 4.3 | 35.2 | 726 | 732 | -0.8 |
| Bankruptcies | 58 | 45 | 44 | 28.9 | 31.8 | 532 | 551 | -3.4 |
| Proposals | 15 | 25 | 10 | -40.0 | 50.0 | 194 | 181 | 7.2 |
| Manufacturing | 36 | 44 | 32 | -18.2 | 12.5 | 384 | 415 | -7.5 |
| Bankruptcies | 25 | 28 | 22 | -10.7 | 13.6 | 271 | 294 | -7.8 |
| Proposals | 11 | 16 | 10 | -31.3 | 10.0 | 113 | 121 | -6.6 |
| Wholesale Trade | 23 | 17 | 19 | 35.3 | 21.1 | 236 | 230 | 2.6 |
| Bankruptcies | 20 | 10 | 8 | 100.0 | 150.0 | 166 | 150 | 10.7 |
| Proposals | 3 | 7 | 11 | -57.1 | -72.7 | 70 | 80 | -12.5 |
| Retail Trade | 52 | 50 | 48 | 4.0 | 8.3 | 512 | 516 | -0.8 |
| Bankruptcies | 36 | 39 | 36 | -7.7 | 0.0 | 375 | 413 | -9.2 |
| Proposals | 16 | 11 | 12 | 45.5 | 33.3 | 137 | 103 | 33.0 |
| Transportation and Warehousing | 28 | 16 | 30 | 75.0 | -6.7 | 270 | 245 | 10.2 |
| Bankruptcies | 24 | 11 | 24 | 118.2 | 0.0 | 186 | 191 | -2.6 |
| Proposals | 4 | 5 | 6 | -20.0 | -33.3 | 84 | 54 | 55.6 |
| Information and Cultural Industries | 5 | 10 | 7 | -50.0 | -28.6 | 72 | 57 | 26.3 |
| Bankruptcies | 4 | 8 | 3 | -50.0 | 33.3 | 52 | 42 | 23.8 |
| Proposals | 1 | 2 | 4 | -50.0 | -75.0 | 20 | 15 | 33.3 |
| Finance and Insurance | 4 | 6 | 12 | -33.3 | -66.7 | 79 | 78 | 1.3 |
| Bankruptcies | 4 | 5 | 7 | -20.0 | -42.9 | 64 | 60 | 6.7 |
| Proposals | 0 | 1 | 5 | -100.0 | -100.0 | 15 | 18 | -16.7 |
| Real Estate and Rental and Leasing | 17 | 10 | 13 | 70.0 | 30.8 | 137 | 140 | -2.1 |
| Bankruptcies | 16 | 5 | 9 | 220.0 | 77.8 | 105 | 104 | 1.0 |
| Proposals | 1 | 5 | 4 | -80.0 | -75.0 | 32 | 36 | -11.1 |
| Professional, Scientific and Technical Services | 18 | 20 | 29 | -10.0 | -37.9 | 299 | 299 | 0.0 |
| Bankruptcies | 14 | 17 | 22 | -17.6 | -36.4 | 239 | 211 | 13.3 |
| Proposals | 4 | 3 | 7 | 33.3 | -42.9 | 60 | 88 | -31.8 |
| Management of Companies and Enterprises | 7 | 2 | 2 | 250.0 | 250.0 | 63 | 66 | -4.5 |
| Bankruptcies | 7 | 1 | 2 | 600.0 | 250.0 | 49 | 45 | 8.9 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 14 | 21 | -33.3 |
| Administrative and Support, Waste Management and Remediation Services | 22 | 9 | 15 | 144.4 | 46.7 | 230 | 190 | 21.1 |
| Bankruptcies | 17 | 8 | 9 | 112.5 | 88.9 | 167 | 135 | 23.7 |
| Proposals | 5 | 1 | 6 | 400.0 | -16.7 | 63 | 55 | 14.5 |
| Educational Services | 4 | 6 | 6 | -33.3 | -33.3 | 52 | 40 | 30.0 |
| Bankruptcies | 3 | 6 | 5 | -50.0 | -40.0 | 44 | 33 | 33.3 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 8 | 7 | 14.3 |
| Health Care and Social Assistance | 7 | 3 | 9 | 133.3 | -22.2 | 92 | 76 | 21.1 |
| Bankruptcies | 7 | 2 | 8 | 250.0 | -12.5 | 71 | 58 | 22.4 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 21 | 18 | 16.7 |
| Arts, Entertainment and Recreation | 13 | 8 | 10 | 62.5 | 30.0 | 84 | 84 | 0.0 |
| Bankruptcies | 7 | 7 | 10 | 0.0 | -30.0 | 63 | 72 | -12.5 |
| Proposals | 6 | 1 | 0 | 500.0 | -- | 21 | 12 | 75.0 |
| Accommodation and Food Services | 62 | 56 | 52 | 10.7 | 19.2 | 665 | 655 | 1.5 |
| Bankruptcies | 45 | 48 | 43 | -6.3 | 4.7 | 508 | 484 | 5.0 |
| Proposals | 17 | 8 | 9 | 112.5 | 88.9 | 157 | 171 | -8.2 |
| Other Services (except Public Administration) | 22 | 23 | 21 | -4.3 | 4.8 | 212 | 254 | -16.5 |
| Bankruptcies | 18 | 14 | 15 | 28.6 | 20.0 | 171 | 195 | -12.3 |
| Proposals | 4 | 9 | 6 | -55.6 | -33.3 | 41 | 59 | -30.5 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 405 | 363 | 381 | 11.6 | 6.3 | 4,247 | 4,256 | -0.2 |
| Bankruptcies | 309 | 257 | 281 | 20.2 | 10.0 | 3,136 | 3,156 | -0.6 |
| Proposals | 96 | 106 | 100 | -9.4 | -4.0 | 1,111 | 1,100 | 1.0 |