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Insolvency Statistics in Canada
June 2017
454 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
- 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.
- 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.
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- NAICS:
- North American Industry Classification System.
- 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2017 | May 2017 | June 2016 | May 2017 to June 2017 | June 2016 to June 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Newfoundland and Labrador | 217 | 216 | 251 | 0.5 | -13.5 | 2,436 | 2,188 | 11.3 |
Bankruptcies | 126 | 121 | 166 | 4.1 | -24.1 | 1,468 | 1,582 | -7.2 |
Proposals | 91 | 95 | 85 | -4.2 | 7.1 | 968 | 606 | 59.7 |
Prince Edward Island | 60 | 50 | 73 | 20.0 | -17.8 | 752 | 827 | -9.1 |
Bankruptcies | 42 | 33 | 35 | 27.3 | 20.0 | 466 | 519 | -10.2 |
Proposals | 18 | 17 | 38 | 5.9 | -52.6 | 286 | 308 | -7.1 |
Nova Scotia | 483 | 552 | 563 | -12.5 | -14.2 | 6,003 | 5,641 | 6.4 |
Bankruptcies | 348 | 369 | 392 | -5.7 | -11.2 | 4,128 | 3,996 | 3.3 |
Proposals | 135 | 183 | 171 | -26.2 | -21.1 | 1,875 | 1,645 | 14.0 |
New Brunswick | 381 | 429 | 386 | -11.2 | -1.3 | 4,464 | 4,457 | 0.2 |
Bankruptcies | 223 | 251 | 250 | -11.2 | -10.8 | 2,742 | 2,952 | -7.1 |
Proposals | 158 | 178 | 136 | -11.2 | 16.2 | 1,722 | 1,505 | 14.4 |
Quebec | 3,724 | 4,116 | 3,926 | -9.5 | -5.1 | 44,096 | 45,961 | -4.1 |
Bankruptcies | 2,057 | 2,371 | 2,227 | -13.2 | -7.6 | 24,941 | 26,337 | -5.3 |
Proposals | 1,667 | 1,745 | 1,699 | -4.5 | -1.9 | 19,155 | 19,624 | -2.4 |
Ontario | 3,368 | 3,617 | 3,614 | -6.9 | -6.8 | 39,522 | 41,229 | -4.1 |
Bankruptcies | 1,402 | 1,564 | 1,610 | -10.4 | -12.9 | 16,668 | 18,402 | -9.4 |
Proposals | 1,966 | 2,053 | 2,004 | -4.2 | -1.9 | 22,854 | 22,827 | 0.1 |
Manitoba | 241 | 209 | 247 | 15.3 | -2.4 | 2,595 | 2,450 | 5.9 |
Bankruptcies | 119 | 123 | 145 | -3.3 | -17.9 | 1,392 | 1,380 | 0.9 |
Proposals | 122 | 86 | 102 | 41.9 | 19.6 | 1,203 | 1,070 | 12.4 |
Saskatchewan | 267 | 304 | 291 | -12.2 | -8.2 | 3,186 | 2,722 | 17.0 |
Bankruptcies | 130 | 158 | 133 | -17.7 | -2.3 | 1,504 | 1,425 | 5.5 |
Proposals | 137 | 146 | 158 | -6.2 | -13.3 | 1,682 | 1,297 | 29.7 |
Alberta | 1,175 | 1,208 | 1,219 | -2.7 | -3.6 | 13,361 | 11,973 | 11.6 |
Bankruptcies | 447 | 475 | 491 | -5.9 | -9.0 | 5,346 | 5,118 | 4.5 |
Proposals | 728 | 733 | 728 | -0.7 | 0.0 | 8,015 | 6,855 | 16.9 |
British Columbia | 928 | 952 | 1,016 | -2.5 | -8.7 | 10,332 | 11,769 | -12.2 |
Bankruptcies | 396 | 428 | 431 | -7.5 | -8.1 | 4,525 | 5,444 | -16.9 |
Proposals | 532 | 524 | 585 | 1.5 | -9.1 | 5,807 | 6,325 | -8.2 |
Northwest Territories | 2 | 9 | 5 | -77.8 | -60.0 | 63 | 58 | 8.6 |
Bankruptcies | 2 | 4 | 3 | -50.0 | -33.3 | 34 | 32 | 6.3 |
Proposals | 0 | 5 | 2 | -100.0 | -100.0 | 29 | 26 | 11.5 |
Yukon | 2 | 3 | 9 | -33.3 | -77.8 | 38 | 51 | -25.5 |
Bankruptcies | 2 | 2 | 3 | 0.0 | -33.3 | 20 | 27 | -25.9 |
Proposals | 0 | 1 | 6 | -100.0 | -100.0 | 18 | 24 | -25.0 |
Nunavut | 0 | 0 | 0 | n/a | n/a | 3 | 10 | -70.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 4 | -75.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Canada | 10,848 | 11,665 | 11,600 | -7.0 | -6.5 | 126,851 | 129,336 | -1.9 |
Bankruptcies | 5,294 | 5,899 | 5,886 | -10.3 | -10.1 | 63,235 | 67,218 | -5.9 |
Proposals | 5,554 | 5,766 | 5,714 | -3.7 | -2.8 | 63,616 | 62,118 | 2.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2017 | May 2017 | June 2016 | May 2017 to June 2017 | June 2016 to June 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Newfoundland and Labrador | 214 | 214 | 250 | 0.0 | -14.4 | 2,401 | 2,161 | 11.1 |
Bankruptcies | 123 | 120 | 165 | 2.5 | -25.5 | 1,442 | 1,563 | -7.7 |
Proposals | 91 | 94 | 85 | -3.2 | 7.1 | 959 | 598 | 60.4 |
Prince Edward Island | 58 | 48 | 71 | 20.8 | -18.3 | 738 | 812 | -9.1 |
Bankruptcies | 40 | 33 | 34 | 21.2 | 17.6 | 455 | 510 | -10.8 |
Proposals | 18 | 15 | 37 | 20.0 | -51.4 | 283 | 302 | -6.3 |
Nova Scotia | 477 | 547 | 554 | -12.8 | -13.9 | 5,944 | 5,565 | 6.8 |
Bankruptcies | 342 | 365 | 384 | -6.3 | -10.9 | 4,077 | 3,929 | 3.8 |
Proposals | 135 | 182 | 170 | -25.8 | -20.6 | 1,867 | 1,636 | 14.1 |
New Brunswick | 374 | 421 | 383 | -11.2 | -2.3 | 4,406 | 4,382 | 0.5 |
Bankruptcies | 217 | 246 | 248 | -11.8 | -12.5 | 2,694 | 2,892 | -6.8 |
Proposals | 157 | 175 | 135 | -10.3 | 16.3 | 1,712 | 1,490 | 14.9 |
Quebec | 3,542 | 3,924 | 3,743 | -9.7 | -5.4 | 42,003 | 43,715 | -3.9 |
Bankruptcies | 1,916 | 2,208 | 2,091 | -13.2 | -8.4 | 23,355 | 24,626 | -5.2 |
Proposals | 1,626 | 1,716 | 1,652 | -5.2 | -1.6 | 18,648 | 19,089 | -2.3 |
Ontario | 3,315 | 3,536 | 3,531 | -6.3 | -6.1 | 38,646 | 40,201 | -3.9 |
Bankruptcies | 1,364 | 1,501 | 1,542 | -9.1 | -11.5 | 16,023 | 17,624 | -9.1 |
Proposals | 1,951 | 2,035 | 1,989 | -4.1 | -1.9 | 22,623 | 22,577 | 0.2 |
Manitoba | 238 | 204 | 241 | 16.7 | -1.2 | 2,549 | 2,398 | 6.3 |
Bankruptcies | 117 | 118 | 141 | -0.8 | -17.0 | 1,355 | 1,345 | 0.7 |
Proposals | 121 | 86 | 100 | 40.7 | 21.0 | 1,194 | 1,053 | 13.4 |
Saskatchewan | 257 | 285 | 284 | -9.8 | -9.5 | 3,062 | 2,585 | 18.5 |
Bankruptcies | 123 | 143 | 126 | -14.0 | -2.4 | 1,411 | 1,323 | 6.7 |
Proposals | 134 | 142 | 158 | -5.6 | -15.2 | 1,651 | 1,262 | 30.8 |
Alberta | 1,157 | 1,185 | 1,202 | -2.4 | -3.7 | 13,168 | 11,843 | 11.2 |
Bankruptcies | 435 | 460 | 475 | -5.4 | -8.4 | 5,207 | 5,027 | 3.6 |
Proposals | 722 | 725 | 727 | -0.4 | -0.7 | 7,961 | 6,816 | 16.8 |
British Columbia | 918 | 936 | 993 | -1.9 | -7.6 | 10,157 | 11,532 | -11.9 |
Bankruptcies | 387 | 416 | 413 | -7.0 | -6.3 | 4,386 | 5,270 | -16.8 |
Proposals | 531 | 520 | 580 | 2.1 | -8.4 | 5,771 | 6,262 | -7.8 |
Northwest Territories | 2 | 8 | 5 | -75.0 | -60.0 | 62 | 58 | 6.9 |
Bankruptcies | 2 | 3 | 3 | -33.3 | -33.3 | 33 | 32 | 3.1 |
Proposals | 0 | 5 | 2 | -100.0 | -100.0 | 29 | 26 | 11.5 |
Yukon | 2 | 3 | 9 | -33.3 | -77.8 | 38 | 51 | -25.5 |
Bankruptcies | 2 | 2 | 3 | 0.0 | -33.3 | 20 | 27 | -25.9 |
Proposals | 0 | 1 | 6 | -100.0 | -100.0 | 18 | 24 | -25.0 |
Nunavut | 0 | 0 | 0 | n/a | n/a | 3 | 9 | -66.7 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 3 | -66.7 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Canada | 10,554 | 11,311 | 11,266 | -6.7 | -6.3 | 123,177 | 125,312 | -1.7 |
Bankruptcies | 5,068 | 5,615 | 5,625 | -9.7 | -9.9 | 60,459 | 64,171 | -5.8 |
Proposals | 5,486 | 5,696 | 5,641 | -3.7 | -2.7 | 62,718 | 61,141 | 2.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2017 | May 2017 | June 2016 | May 2017 to June 2017 | June 2016 to June 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Newfoundland and Labrador | 3 | 2 | 1 | 50.0 | 200.0 | 35 | 27 | 29.6 |
Bankruptcies | 3 | 1 | 1 | 200.0 | 200.0 | 26 | 19 | 36.8 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 9 | 8 | 12.5 |
Prince Edward Island | 2 | 2 | 2 | 0.0 | 0.0 | 14 | 15 | -6.7 |
Bankruptcies | 2 | 0 | 1 | n/a | 100.0 | 11 | 9 | 22.2 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 3 | 6 | -50.0 |
Nova Scotia | 6 | 5 | 9 | 20.0 | -33.3 | 59 | 76 | -22.4 |
Bankruptcies | 6 | 4 | 8 | 50.0 | -25.0 | 51 | 67 | -23.9 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 8 | 9 | -11.1 |
New Brunswick | 7 | 8 | 3 | -12.5 | 133.3 | 58 | 75 | -22.7 |
Bankruptcies | 6 | 5 | 2 | 20.0 | 200.0 | 48 | 60 | -20.0 |
Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 10 | 15 | -33.3 |
Quebec | 182 | 192 | 183 | -5.2 | -0.5 | 2,093 | 2,246 | -6.8 |
Bankruptcies | 141 | 163 | 136 | -13.5 | 3.7 | 1,586 | 1,711 | -7.3 |
Proposals | 41 | 29 | 47 | 41.4 | -12.8 | 507 | 535 | -5.2 |
Ontario | 53 | 81 | 83 | -34.6 | -36.1 | 876 | 1,028 | -14.8 |
Bankruptcies | 38 | 63 | 68 | -39.7 | -44.1 | 645 | 778 | -17.1 |
Proposals | 15 | 18 | 15 | -16.7 | 0.0 | 231 | 250 | -7.6 |
Manitoba | 3 | 5 | 6 | -40.0 | -50.0 | 46 | 52 | -11.5 |
Bankruptcies | 2 | 5 | 4 | -60.0 | -50.0 | 37 | 35 | 5.7 |
Proposals | 1 | 0 | 2 | n/a | -50.0 | 9 | 17 | -47.1 |
Saskatchewan | 10 | 19 | 7 | -47.4 | 42.9 | 124 | 137 | -9.5 |
Bankruptcies | 7 | 15 | 7 | -53.3 | 0.0 | 93 | 102 | -8.8 |
Proposals | 3 | 4 | 0 | -25.0 | n/a | 31 | 35 | -11.4 |
Alberta | 18 | 23 | 17 | -21.7 | 5.9 | 193 | 130 | 48.5 |
Bankruptcies | 12 | 15 | 16 | -20.0 | -25.0 | 139 | 91 | 52.7 |
Proposals | 6 | 8 | 1 | -25.0 | 500.0 | 54 | 39 | 38.5 |
British Columbia | 10 | 16 | 23 | -37.5 | -56.5 | 175 | 237 | -26.2 |
Bankruptcies | 9 | 12 | 18 | -25.0 | -50.0 | 139 | 174 | -20.1 |
Proposals | 1 | 4 | 5 | -75.0 | -80.0 | 36 | 63 | -42.9 |
Northwest Territories | 0 | 1 | 0 | -100.0 | n/a | 1 | 0 | n/a |
Bankruptcies | 0 | 1 | 0 | -100.0 | n/a | 1 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Yukon | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Nunavut | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Canada | 294 | 354 | 334 | -16.9 | -12.0 | 3,674 | 4,024 | -8.7 |
Bankruptcies | 226 | 284 | 261 | -20.4 | -13.4 | 2,776 | 3,047 | -8.9 |
Proposals | 68 | 70 | 73 | -2.9 | -6.8 | 898 | 977 | -8.1 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2017 | May 2017 | June 2016 | May 2017 to June 2017 | June 2016 to June 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 2 | 9 | 3 | -77.8 | -33.3 | 82 | 78 | 5.1 |
Bankruptcies | 2 | 7 | 3 | -71.4 | -33.3 | 59 | 55 | 7.3 |
Proposals | 0 | 2 | 0 | -100.0 | n/a | 23 | 23 | 0.0 |
Mining and Oil and Gas Extraction | 2 | 6 | 7 | -66.7 | -71.4 | 70 | 46 | 52.2 |
Bankruptcies | 2 | 4 | 7 | -50.0 | -71.4 | 48 | 33 | 45.5 |
Proposals | 0 | 2 | 0 | -100.0 | n/a | 22 | 13 | 69.2 |
Utilities | 0 | 0 | 2 | n/a | -100.0 | 8 | 12 | -33.3 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 6 | 5 | 20.0 |
Proposals | 0 | 0 | 2 | n/a | -100.0 | 2 | 7 | -71.4 |
Construction | 59 | 71 | 42 | -16.9 | 40.5 | 686 | 734 | -6.5 |
Bankruptcies | 47 | 55 | 33 | -14.5 | 42.4 | 498 | 557 | -10.6 |
Proposals | 12 | 16 | 9 | -25.0 | 33.3 | 188 | 177 | 6.2 |
Manufacturing | 30 | 27 | 23 | 11.1 | 30.4 | 313 | 350 | -10.6 |
Bankruptcies | 23 | 20 | 17 | 15.0 | 35.3 | 224 | 261 | -14.2 |
Proposals | 7 | 7 | 6 | 0.0 | 16.7 | 89 | 89 | 0.0 |
Wholesale Trade | 17 | 16 | 13 | 6.3 | 30.8 | 181 | 178 | 1.7 |
Bankruptcies | 14 | 13 | 10 | 7.7 | 40.0 | 138 | 137 | 0.7 |
Proposals | 3 | 3 | 3 | 0.0 | 0.0 | 43 | 41 | 4.9 |
Retail Trade | 30 | 39 | 37 | -23.1 | -18.9 | 399 | 527 | -24.3 |
Bankruptcies | 23 | 30 | 29 | -23.3 | -20.7 | 296 | 394 | -24.9 |
Proposals | 7 | 9 | 8 | -22.2 | -12.5 | 103 | 133 | -22.6 |
Transportation and Warehousing | 16 | 25 | 30 | -36.0 | -46.7 | 238 | 213 | 11.7 |
Bankruptcies | 14 | 20 | 26 | -30.0 | -46.2 | 184 | 164 | 12.2 |
Proposals | 2 | 5 | 4 | -60.0 | -50.0 | 54 | 49 | 10.2 |
Information and Cultural Industries | 5 | 3 | 3 | 66.7 | 66.7 | 70 | 68 | 2.9 |
Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 50 | 59 | -15.3 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 20 | 9 | 122.2 |
Finance and Insurance | 5 | 9 | 8 | -44.4 | -37.5 | 60 | 68 | -11.8 |
Bankruptcies | 5 | 8 | 6 | -37.5 | -16.7 | 57 | 51 | 11.8 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 3 | 17 | -82.4 |
Real Estate and Rental and Leasing | 14 | 6 | 9 | 133.3 | 55.6 | 143 | 156 | -8.3 |
Bankruptcies | 10 | 5 | 8 | 100.0 | 25.0 | 103 | 109 | -5.5 |
Proposals | 4 | 1 | 1 | 300.0 | 300.0 | 40 | 47 | -14.9 |
Professional, Scientific and Technical Services | 23 | 28 | 35 | -17.9 | -34.3 | 267 | 302 | -11.6 |
Bankruptcies | 17 | 23 | 26 | -26.1 | -34.6 | 205 | 231 | -11.3 |
Proposals | 6 | 5 | 9 | 20.0 | -33.3 | 62 | 71 | -12.7 |
Management of Companies and Enterprises | 10 | 6 | 5 | 66.7 | 100.0 | 80 | 64 | 25.0 |
Bankruptcies | 7 | 5 | 5 | 40.0 | 40.0 | 56 | 50 | 12.0 |
Proposals | 3 | 1 | 0 | 200.0 | n/a | 24 | 14 | 71.4 |
Administrative and Support, Waste Management and Remediation Services | 8 | 17 | 20 | -52.9 | -60.0 | 185 | 194 | -4.6 |
Bankruptcies | 6 | 16 | 12 | -62.5 | -50.0 | 144 | 140 | 2.9 |
Proposals | 2 | 1 | 8 | 100.0 | -75.0 | 41 | 54 | -24.1 |
Educational Services | 2 | 0 | 4 | n/a | -50.0 | 39 | 34 | 14.7 |
Bankruptcies | 2 | 0 | 3 | n/a | -33.3 | 32 | 22 | 45.5 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 7 | 12 | -41.7 |
Health Care and Social Assistance | 9 | 8 | 8 | 12.5 | 12.5 | 78 | 75 | 4.0 |
Bankruptcies | 6 | 5 | 7 | 20.0 | -14.3 | 59 | 54 | 9.3 |
Proposals | 3 | 3 | 1 | 0.0 | 200.0 | 19 | 21 | -9.5 |
Arts, Entertainment and Recreation | 5 | 7 | 9 | -28.6 | -44.4 | 68 | 80 | -15.0 |
Bankruptcies | 3 | 6 | 6 | -50.0 | -50.0 | 50 | 64 | -21.9 |
Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 18 | 16 | 12.5 |
Accommodation and Food Services | 44 | 57 | 67 | -22.8 | -34.3 | 539 | 659 | -18.2 |
Bankruptcies | 30 | 47 | 53 | -36.2 | -43.4 | 427 | 506 | -15.6 |
Proposals | 14 | 10 | 14 | 40.0 | 0.0 | 112 | 153 | -26.8 |
Other Services (except Public Administration) | 13 | 18 | 9 | -27.8 | 44.4 | 163 | 181 | -9.9 |
Bankruptcies | 12 | 16 | 8 | -25.0 | 50.0 | 136 | 150 | -9.3 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 27 | 31 | -12.9 |
Public Administration | 0 | 2 | 0 | -100.0 | n/a | 5 | 5 | 0.0 |
Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 4 | 5 | -20.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
Total | 294 | 354 | 334 | -16.9 | -12.0 | 3,674 | 4,024 | -8.7 |
Bankruptcies | 226 | 284 | 261 | -20.4 | -13.4 | 2,776 | 3,047 | -8.9 |
Proposals | 68 | 70 | 73 | -2.9 | -6.8 | 898 | 977 | -8.1 |