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Insolvency Statistics in Canada
August 2016
760 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 | |||||
---|---|---|---|---|---|---|---|---|
August 2016 | July 2016 | August 2015 | July 2016 to August 2016 | August 2015 to August 2016 | 08-31-2016 | 08-31-2015 | % Change | |
Newfoundland and Labrador | 213 | 180 | 156 | 18.3 | 36.5 | 2,270 | 1,722 | 31.8 |
Bankruptcies | 134 | 130 | 126 | 3.1 | 6.3 | 1,583 | 1,449 | 9.2 |
Proposals | 79 | 50 | 30 | 58.0 | 163.3 | 687 | 273 | 151.6 |
Prince Edward Island | 68 | 64 | 61 | 6.3 | 11.5 | 814 | 779 | 4.5 |
Bankruptcies | 50 | 35 | 39 | 42.9 | 28.2 | 510 | 503 | 1.4 |
Proposals | 18 | 29 | 22 | -37.9 | -18.2 | 304 | 276 | 10.1 |
Nova Scotia | 533 | 507 | 381 | 5.1 | 39.9 | 5,843 | 5,289 | 10.5 |
Bankruptcies | 363 | 367 | 260 | -1.1 | 39.6 | 4,144 | 3,748 | 10.6 |
Proposals | 170 | 140 | 121 | 21.4 | 40.5 | 1,699 | 1,541 | 10.3 |
New Brunswick | 410 | 317 | 385 | 29.3 | 6.5 | 4,397 | 4,466 | -1.5 |
Bankruptcies | 255 | 216 | 249 | 18.1 | 2.4 | 2,906 | 2,992 | -2.9 |
Proposals | 155 | 101 | 136 | 53.5 | 14.0 | 1,491 | 1,474 | 1.2 |
Quebec | 3,546 | 3,265 | 3,319 | 8.6 | 6.8 | 45,586 | 45,740 | -0.3 |
Bankruptcies | 2,044 | 1,863 | 1,973 | 9.7 | 3.6 | 26,134 | 26,215 | -0.3 |
Proposals | 1,502 | 1,402 | 1,346 | 7.1 | 11.6 | 19,452 | 19,525 | -0.4 |
Ontario | 3,277 | 3,091 | 3,103 | 6.0 | 5.6 | 41,074 | 41,378 | -0.7 |
Bankruptcies | 1,378 | 1,307 | 1,434 | 5.4 | -3.9 | 18,104 | 19,359 | -6.5 |
Proposals | 1,899 | 1,784 | 1,669 | 6.4 | 13.8 | 22,970 | 22,019 | 4.3 |
Manitoba | 208 | 185 | 161 | 12.4 | 29.2 | 2,480 | 2,095 | 18.4 |
Bankruptcies | 127 | 110 | 98 | 15.5 | 29.6 | 1,400 | 1,343 | 4.2 |
Proposals | 81 | 75 | 63 | 8.0 | 28.6 | 1,080 | 752 | 43.6 |
Saskatchewan | 282 | 240 | 196 | 17.5 | 43.9 | 2,843 | 2,167 | 31.2 |
Bankruptcies | 138 | 119 | 102 | 16.0 | 35.3 | 1,475 | 1,160 | 27.2 |
Proposals | 144 | 121 | 94 | 19.0 | 53.2 | 1,368 | 1,007 | 35.8 |
Alberta | 1,099 | 1,037 | 756 | 6.0 | 45.4 | 12,523 | 9,104 | 37.6 |
Bankruptcies | 449 | 388 | 337 | 15.7 | 33.2 | 5,260 | 4,089 | 28.6 |
Proposals | 650 | 649 | 419 | 0.2 | 55.1 | 7,263 | 5,015 | 44.8 |
British Columbia | 829 | 870 | 955 | -4.7 | -13.2 | 11,492 | 11,768 | -2.3 |
Bankruptcies | 352 | 414 | 449 | -15.0 | -21.6 | 5,273 | 6,010 | -12.3 |
Proposals | 477 | 456 | 506 | 4.6 | -5.7 | 6,219 | 5,758 | 8.0 |
Northwest Territories | 8 | 3 | 3 | 166.7 | 166.7 | 62 | 42 | 47.6 |
Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 34 | 22 | 54.5 |
Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 28 | 20 | 40.0 |
Yukon | 6 | 3 | 5 | 100.0 | 20.0 | 51 | 37 | 37.8 |
Bankruptcies | 1 | 3 | 3 | -66.7 | -66.7 | 26 | 16 | 62.5 |
Proposals | 5 | 0 | 2 | -- | 150.0 | 25 | 21 | 19.0 |
Nunavut | 0 | 0 | 0 | -- | -- | 10 | 5 | 100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 4 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 6 | 1 | 500.0 |
Canada | 10,479 | 9,762 | 9,481 | 7.3 | 10.5 | 129,445 | 124,592 | 3.9 |
Bankruptcies | 5,293 | 4,954 | 5,071 | 6.8 | 4.4 | 66,853 | 66,910 | -0.1 |
Proposals | 5,186 | 4,808 | 4,410 | 7.9 | 17.6 | 62,592 | 57,682 | 8.5 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
August 2016 | July 2016 | August 2015 | July 2016 to August 2016 | August 2015 to August 2016 | 08-31-2016 | 08-31-2015 | % Change | |
Newfoundland and Labrador | 211 | 179 | 153 | 17.9 | 37.9 | 2,243 | 1,694 | 32.4 |
Bankruptcies | 132 | 129 | 124 | 2.3 | 6.5 | 1,563 | 1,424 | 9.8 |
Proposals | 79 | 50 | 29 | 58.0 | 172.4 | 680 | 270 | 151.9 |
Prince Edward Island | 68 | 63 | 61 | 7.9 | 11.5 | 800 | 762 | 5.0 |
Bankruptcies | 50 | 34 | 39 | 47.1 | 28.2 | 501 | 490 | 2.2 |
Proposals | 18 | 29 | 22 | -37.9 | -18.2 | 299 | 272 | 9.9 |
Nova Scotia | 525 | 499 | 378 | 5.2 | 38.9 | 5,760 | 5,204 | 10.7 |
Bankruptcies | 356 | 360 | 257 | -1.1 | 38.5 | 4,072 | 3,687 | 10.4 |
Proposals | 169 | 139 | 121 | 21.6 | 39.7 | 1,688 | 1,517 | 11.3 |
New Brunswick | 407 | 310 | 381 | 31.3 | 6.8 | 4,324 | 4,384 | -1.4 |
Bankruptcies | 252 | 212 | 246 | 18.9 | 2.4 | 2,849 | 2,933 | -2.9 |
Proposals | 155 | 98 | 135 | 58.2 | 14.8 | 1,475 | 1,451 | 1.7 |
Quebec | 3,373 | 3,128 | 3,190 | 7.8 | 5.7 | 43,319 | 43,423 | -0.2 |
Bankruptcies | 1,916 | 1,755 | 1,869 | 9.2 | 2.5 | 24,412 | 24,527 | -0.5 |
Proposals | 1,457 | 1,373 | 1,321 | 6.1 | 10.3 | 18,907 | 18,896 | 0.1 |
Ontario | 3,210 | 3,023 | 3,026 | 6.2 | 6.1 | 40,091 | 40,215 | -0.3 |
Bankruptcies | 1,329 | 1,258 | 1,376 | 5.6 | -3.4 | 17,366 | 18,459 | -5.9 |
Proposals | 1,881 | 1,765 | 1,650 | 6.6 | 14.0 | 22,725 | 21,756 | 4.5 |
Manitoba | 205 | 182 | 155 | 12.6 | 32.3 | 2,432 | 2,056 | 18.3 |
Bankruptcies | 124 | 107 | 93 | 15.9 | 33.3 | 1,365 | 1,315 | 3.8 |
Proposals | 81 | 75 | 62 | 8.0 | 30.6 | 1,067 | 741 | 44.0 |
Saskatchewan | 273 | 230 | 184 | 18.7 | 48.4 | 2,709 | 2,071 | 30.8 |
Bankruptcies | 129 | 112 | 92 | 15.2 | 40.2 | 1,375 | 1,092 | 25.9 |
Proposals | 144 | 118 | 92 | 22.0 | 56.5 | 1,334 | 979 | 36.3 |
Alberta | 1,086 | 1,026 | 743 | 5.8 | 46.2 | 12,388 | 8,963 | 38.2 |
Bankruptcies | 439 | 381 | 333 | 15.2 | 31.8 | 5,161 | 3,988 | 29.4 |
Proposals | 647 | 645 | 410 | 0.3 | 57.8 | 7,227 | 4,975 | 45.3 |
British Columbia | 812 | 857 | 942 | -5.3 | -13.8 | 11,252 | 11,578 | -2.8 |
Bankruptcies | 342 | 404 | 438 | -15.3 | -21.9 | 5,102 | 5,868 | -13.1 |
Proposals | 470 | 453 | 504 | 3.8 | -6.7 | 6,150 | 5,710 | 7.7 |
Northwest Territories | 8 | 3 | 3 | 166.7 | 166.7 | 62 | 42 | 47.6 |
Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 34 | 22 | 54.5 |
Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 28 | 20 | 40.0 |
Yukon | 6 | 3 | 5 | 100.0 | 20.0 | 51 | 36 | 41.7 |
Bankruptcies | 1 | 3 | 3 | -66.7 | -66.7 | 26 | 16 | 62.5 |
Proposals | 5 | 0 | 2 | -- | 150.0 | 25 | 20 | 25.0 |
Nunavut | 0 | 0 | 0 | -- | -- | 9 | 4 | 125.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 3 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 6 | 1 | 500.0 |
Canada | 10,184 | 9,503 | 9,221 | 7.2 | 10.4 | 125,440 | 120,432 | 4.2 |
Bankruptcies | 5,072 | 4,757 | 4,871 | 6.6 | 4.1 | 63,829 | 63,824 | 0.0 |
Proposals | 5,112 | 4,746 | 4,350 | 7.7 | 17.5 | 61,611 | 56,608 | 8.8 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
August 2016 | July 2016 | August 2015 | July 2016 to August 2016 | August 2015 to August 2016 | 08-31-2016 | 08-31-2015 | % Change | |
Newfoundland and Labrador | 2 | 1 | 3 | 100.0 | -33.3 | 27 | 28 | -3.6 |
Bankruptcies | 2 | 1 | 2 | 100.0 | 0.0 | 20 | 25 | -20.0 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 7 | 3 | 133.3 |
Prince Edward Island | 0 | 1 | 0 | -100.0 | -- | 14 | 17 | -17.6 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 9 | 13 | -30.8 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Nova Scotia | 8 | 8 | 3 | 0.0 | 166.7 | 83 | 85 | -2.4 |
Bankruptcies | 7 | 7 | 3 | 0.0 | 133.3 | 72 | 61 | 18.0 |
Proposals | 1 | 1 | 0 | 0.0 | -- | 11 | 24 | -54.2 |
New Brunswick | 3 | 7 | 4 | -57.1 | -25.0 | 73 | 82 | -11.0 |
Bankruptcies | 3 | 4 | 3 | -25.0 | 0.0 | 57 | 59 | -3.4 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 16 | 23 | -30.4 |
Quebec | 173 | 137 | 129 | 26.3 | 34.1 | 2,267 | 2,317 | -2.2 |
Bankruptcies | 128 | 108 | 104 | 18.5 | 23.1 | 1,722 | 1,688 | 2.0 |
Proposals | 45 | 29 | 25 | 55.2 | 80.0 | 545 | 629 | -13.4 |
Ontario | 67 | 68 | 77 | -1.5 | -13.0 | 983 | 1,163 | -15.5 |
Bankruptcies | 49 | 49 | 58 | 0.0 | -15.5 | 738 | 900 | -18.0 |
Proposals | 18 | 19 | 19 | -5.3 | -5.3 | 245 | 263 | -6.8 |
Manitoba | 3 | 3 | 6 | 0.0 | -50.0 | 48 | 39 | 23.1 |
Bankruptcies | 3 | 3 | 5 | 0.0 | -40.0 | 35 | 28 | 25.0 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 13 | 11 | 18.2 |
Saskatchewan | 9 | 10 | 12 | -10.0 | -25.0 | 134 | 96 | 39.6 |
Bankruptcies | 9 | 7 | 10 | 28.6 | -10.0 | 100 | 68 | 47.1 |
Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 34 | 28 | 21.4 |
Alberta | 13 | 11 | 13 | 18.2 | 0.0 | 135 | 141 | -4.3 |
Bankruptcies | 10 | 7 | 4 | 42.9 | 150.0 | 99 | 101 | -2.0 |
Proposals | 3 | 4 | 9 | -25.0 | -66.7 | 36 | 40 | -10.0 |
British Columbia | 17 | 13 | 13 | 30.8 | 30.8 | 240 | 190 | 26.3 |
Bankruptcies | 10 | 10 | 11 | 0.0 | -9.1 | 171 | 142 | 20.4 |
Proposals | 7 | 3 | 2 | 133.3 | 250.0 | 69 | 48 | 43.8 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Nunavut | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 295 | 259 | 260 | 13.9 | 13.5 | 4,005 | 4,160 | -3.7 |
Bankruptcies | 221 | 197 | 200 | 12.2 | 10.5 | 3,024 | 3,086 | -2.0 |
Proposals | 74 | 62 | 60 | 19.4 | 23.3 | 981 | 1,074 | -8.7 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
August 2016 | July 2016 | August 2015 | July 2016 to August 2016 | August 2015 to August 2016 | 08-31-2016 | 08-31-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 2 | 5 | 2 | -60.0 | 0.0 | 76 | 79 | -3.8 |
Bankruptcies | 1 | 3 | 1 | -66.7 | 0.0 | 53 | 42 | 26.2 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 23 | 37 | -37.8 |
Mining and Oil and Gas Extraction | 7 | 7 | 2 | 0.0 | 250.0 | 56 | 37 | 51.4 |
Bankruptcies | 1 | 4 | 1 | -75.0 | 0.0 | 37 | 21 | 76.2 |
Proposals | 6 | 3 | 1 | 100.0 | 500.0 | 19 | 16 | 18.8 |
Utilities | 0 | 0 | 0 | -- | -- | 8 | 13 | -38.5 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 9 | -66.7 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Construction | 54 | 59 | 43 | -8.5 | 25.6 | 751 | 722 | 4.0 |
Bankruptcies | 36 | 42 | 32 | -14.3 | 12.5 | 559 | 524 | 6.7 |
Proposals | 18 | 17 | 11 | 5.9 | 63.6 | 192 | 198 | -3.0 |
Manufacturing | 22 | 19 | 24 | 15.8 | -8.3 | 342 | 379 | -9.8 |
Bankruptcies | 17 | 12 | 18 | 41.7 | -5.6 | 256 | 259 | -1.2 |
Proposals | 5 | 7 | 6 | -28.6 | -16.7 | 86 | 120 | -28.3 |
Wholesale Trade | 15 | 16 | 14 | -6.3 | 7.1 | 177 | 218 | -18.8 |
Bankruptcies | 12 | 13 | 9 | -7.7 | 33.3 | 138 | 155 | -11.0 |
Proposals | 3 | 3 | 5 | 0.0 | -40.0 | 39 | 63 | -38.1 |
Retail Trade | 30 | 27 | 32 | 11.1 | -6.3 | 514 | 492 | 4.5 |
Bankruptcies | 25 | 22 | 29 | 13.6 | -13.8 | 382 | 377 | 1.3 |
Proposals | 5 | 5 | 3 | 0.0 | 66.7 | 132 | 115 | 14.8 |
Transportation and Warehousing | 14 | 14 | 12 | 0.0 | 16.7 | 215 | 260 | -17.3 |
Bankruptcies | 11 | 12 | 7 | -8.3 | 57.1 | 168 | 167 | 0.6 |
Proposals | 3 | 2 | 5 | 50.0 | -40.0 | 47 | 93 | -49.5 |
Information and Cultural Industries | 3 | 5 | 3 | -40.0 | 0.0 | 69 | 76 | -9.2 |
Bankruptcies | 3 | 5 | 2 | -40.0 | 50.0 | 61 | 53 | 15.1 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 8 | 23 | -65.2 |
Finance and Insurance | 6 | 3 | 3 | 100.0 | 100.0 | 69 | 83 | -16.9 |
Bankruptcies | 6 | 3 | 3 | 100.0 | 100.0 | 54 | 63 | -14.3 |
Proposals | 0 | 0 | 0 | -- | -- | 15 | 20 | -25.0 |
Real Estate and Rental and Leasing | 15 | 9 | 11 | 66.7 | 36.4 | 160 | 125 | 28.0 |
Bankruptcies | 13 | 8 | 8 | 62.5 | 62.5 | 113 | 101 | 11.9 |
Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 47 | 24 | 95.8 |
Professional, Scientific and Technical Services | 17 | 20 | 25 | -15.0 | -32.0 | 290 | 311 | -6.8 |
Bankruptcies | 12 | 13 | 17 | -7.7 | -29.4 | 219 | 248 | -11.7 |
Proposals | 5 | 7 | 8 | -28.6 | -37.5 | 71 | 63 | 12.7 |
Management of Companies and Enterprises | 7 | 1 | 1 | 600.0 | 600.0 | 66 | 57 | 15.8 |
Bankruptcies | 3 | 1 | 1 | 200.0 | 200.0 | 50 | 39 | 28.2 |
Proposals | 4 | 0 | 0 | -- | -- | 16 | 18 | -11.1 |
Administrative and Support, Waste Management and Remediation Services | 17 | 13 | 13 | 30.8 | 30.8 | 188 | 213 | -11.7 |
Bankruptcies | 12 | 9 | 9 | 33.3 | 33.3 | 134 | 159 | -15.7 |
Proposals | 5 | 4 | 4 | 25.0 | 25.0 | 54 | 54 | 0.0 |
Educational Services | 4 | 0 | 2 | -- | 100.0 | 36 | 36 | 0.0 |
Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 22 | 31 | -29.0 |
Proposals | 2 | 0 | 0 | -- | -- | 14 | 5 | 180.0 |
Health Care and Social Assistance | 6 | 5 | 6 | 20.0 | 0.0 | 72 | 97 | -25.8 |
Bankruptcies | 6 | 3 | 4 | 100.0 | 50.0 | 57 | 67 | -14.9 |
Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 15 | 30 | -50.0 |
Arts, Entertainment and Recreation | 6 | 2 | 5 | 200.0 | 20.0 | 77 | 80 | -3.8 |
Bankruptcies | 4 | 2 | 4 | 100.0 | 0.0 | 61 | 59 | 3.4 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 16 | 21 | -23.8 |
Accommodation and Food Services | 53 | 42 | 48 | 26.2 | 10.4 | 648 | 677 | -4.3 |
Bankruptcies | 42 | 34 | 40 | 23.5 | 5.0 | 499 | 548 | -8.9 |
Proposals | 11 | 8 | 8 | 37.5 | 37.5 | 149 | 129 | 15.5 |
Other Services (except Public Administration) | 16 | 12 | 13 | 33.3 | 23.1 | 186 | 203 | -8.4 |
Bankruptcies | 14 | 11 | 12 | 27.3 | 16.7 | 153 | 162 | -5.6 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 33 | 41 | -19.5 |
Public Administration | 1 | 0 | 1 | -- | 0.0 | 5 | 2 | 150.0 |
Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 5 | 2 | 150.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 295 | 259 | 260 | 13.9 | 13.5 | 4,005 | 4,160 | -3.7 |
Bankruptcies | 221 | 197 | 200 | 12.2 | 10.5 | 3,024 | 3,086 | -2.0 |
Proposals | 74 | 62 | 60 | 19.4 | 23.3 | 981 | 1,074 | -8.7 |