Detailed report
PDF Version
Insolvency Statistics in Canada
June 2015
835 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 | |||||
---|---|---|---|---|---|---|---|---|
June 2015 | May 2015 | June 2014 | May 2015 to June 2015 | June 2014 to June 2015 | 06-30-2015 | 06-30-2014 | % Change | |
Newfoundland and Labrador | 179 | 153 | 134 | 17.0 | 33.6 | 1,665 | 1,612 | 3.3 |
Bankruptcies | 145 | 132 | 121 | 9.8 | 19.8 | 1,400 | 1,438 | -2.6 |
Proposals | 34 | 21 | 13 | 61.9 | 161.5 | 265 | 174 | 52.3 |
Prince Edward Island | 68 | 71 | 58 | -4.2 | 17.2 | 789 | 713 | 10.7 |
Bankruptcies | 38 | 51 | 44 | -25.5 | -13.6 | 523 | 493 | 6.1 |
Proposals | 30 | 20 | 14 | 50.0 | 114.3 | 266 | 220 | 20.9 |
Nova Scotia | 503 | 424 | 445 | 18.6 | 13.0 | 5,346 | 5,029 | 6.3 |
Bankruptcies | 349 | 306 | 303 | 14.1 | 15.2 | 3,805 | 3,524 | 8.0 |
Proposals | 154 | 118 | 142 | 30.5 | 8.5 | 1,541 | 1,505 | 2.4 |
New Brunswick | 394 | 435 | 333 | -9.4 | 18.3 | 4,435 | 4,231 | 4.8 |
Bankruptcies | 263 | 270 | 231 | -2.6 | 13.9 | 3,005 | 2,964 | 1.4 |
Proposals | 131 | 165 | 102 | -20.6 | 28.4 | 1,430 | 1,267 | 12.9 |
Quebec | 3,775 | 3,849 | 3,321 | -1.9 | 13.7 | 45,510 | 42,736 | 6.5 |
Bankruptcies | 2,233 | 2,281 | 2,038 | -2.1 | 9.6 | 26,222 | 26,389 | -0.6 |
Proposals | 1,542 | 1,568 | 1,283 | -1.7 | 20.2 | 19,288 | 16,347 | 18.0 |
Ontario | 3,559 | 3,468 | 3,451 | 2.6 | 3.1 | 41,621 | 43,612 | -4.6 |
Bankruptcies | 1,657 | 1,648 | 1,591 | 0.5 | 4.1 | 19,577 | 21,325 | -8.2 |
Proposals | 1,902 | 1,820 | 1,860 | 4.5 | 2.3 | 22,044 | 22,287 | -1.1 |
Manitoba | 187 | 182 | 171 | 2.7 | 9.4 | 2,054 | 1,921 | 6.9 |
Bankruptcies | 125 | 122 | 99 | 2.5 | 26.3 | 1,330 | 1,234 | 7.8 |
Proposals | 62 | 60 | 72 | 3.3 | -13.9 | 724 | 687 | 5.4 |
Saskatchewan | 189 | 189 | 158 | 0.0 | 19.6 | 2,111 | 1,960 | 7.7 |
Bankruptcies | 96 | 102 | 88 | -5.9 | 9.1 | 1,137 | 1,187 | -4.2 |
Proposals | 93 | 87 | 70 | 6.9 | 32.9 | 974 | 773 | 26.0 |
Alberta | 877 | 852 | 712 | 2.9 | 23.2 | 8,817 | 8,302 | 6.2 |
Bankruptcies | 409 | 348 | 332 | 17.5 | 23.2 | 3,997 | 4,312 | -7.3 |
Proposals | 468 | 504 | 380 | -7.1 | 23.2 | 4,820 | 3,990 | 20.8 |
British Columbia | 1,079 | 978 | 1,031 | 10.3 | 4.7 | 11,680 | 11,811 | -1.1 |
Bankruptcies | 536 | 487 | 593 | 10.1 | -9.6 | 6,108 | 7,027 | -13.1 |
Proposals | 543 | 491 | 438 | 10.6 | 24.0 | 5,572 | 4,784 | 16.5 |
Northwest Territories | 6 | 2 | 5 | 200.0 | 20.0 | 42 | 56 | -25.0 |
Bankruptcies | 4 | 1 | 3 | 300.0 | 33.3 | 23 | 33 | -30.3 |
Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 19 | 23 | -17.4 |
Yukon | 3 | 2 | 1 | 50.0 | 200.0 | 37 | 35 | 5.7 |
Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 17 | 24 | -29.2 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 20 | 11 | 81.8 |
Nunavut | 1 | 0 | 0 | -- | -- | 6 | 6 | 0.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 4 | 4 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 10,820 | 10,605 | 9,820 | 2.0 | 10.2 | 124,113 | 122,024 | 1.7 |
Bankruptcies | 5,857 | 5,748 | 5,444 | 1.9 | 7.6 | 67,148 | 69,954 | -4.0 |
Proposals | 4,963 | 4,857 | 4,376 | 2.2 | 13.4 | 56,965 | 52,070 | 9.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2015 | May 2015 | June 2014 | May 2015 to June 2015 | June 2014 to June 2015 | 06-30-2015 | 06-30-2014 | % Change | |
Newfoundland and Labrador | 176 | 152 | 132 | 15.8 | 33.3 | 1,638 | 1,579 | 3.7 |
Bankruptcies | 142 | 131 | 119 | 8.4 | 19.3 | 1,375 | 1,416 | -2.9 |
Proposals | 34 | 21 | 13 | 61.9 | 161.5 | 263 | 163 | 61.3 |
Prince Edward Island | 67 | 69 | 53 | -2.9 | 26.4 | 770 | 690 | 11.6 |
Bankruptcies | 38 | 49 | 40 | -22.4 | -5.0 | 509 | 476 | 6.9 |
Proposals | 29 | 20 | 13 | 45.0 | 123.1 | 261 | 214 | 22.0 |
Nova Scotia | 486 | 414 | 441 | 17.4 | 10.2 | 5,254 | 4,935 | 6.5 |
Bankruptcies | 339 | 297 | 301 | 14.1 | 12.6 | 3,743 | 3,459 | 8.2 |
Proposals | 147 | 117 | 140 | 25.6 | 5.0 | 1,511 | 1,476 | 2.4 |
New Brunswick | 392 | 427 | 325 | -8.2 | 20.6 | 4,358 | 4,139 | 5.3 |
Bankruptcies | 262 | 263 | 224 | -0.4 | 17.0 | 2,951 | 2,892 | 2.0 |
Proposals | 130 | 164 | 101 | -20.7 | 28.7 | 1,407 | 1,247 | 12.8 |
Quebec | 3,585 | 3,685 | 3,155 | -2.7 | 13.6 | 43,154 | 40,499 | 6.6 |
Bankruptcies | 2,092 | 2,158 | 1,918 | -3.1 | 9.1 | 24,517 | 24,727 | -0.8 |
Proposals | 1,493 | 1,527 | 1,237 | -2.2 | 20.7 | 18,637 | 15,772 | 18.2 |
Ontario | 3,470 | 3,374 | 3,369 | 2.8 | 3.0 | 40,465 | 42,488 | -4.8 |
Bankruptcies | 1,590 | 1,575 | 1,532 | 1.0 | 3.8 | 18,671 | 20,462 | -8.8 |
Proposals | 1,880 | 1,799 | 1,837 | 4.5 | 2.3 | 21,794 | 22,026 | -1.1 |
Manitoba | 184 | 180 | 166 | 2.2 | 10.8 | 2,018 | 1,846 | 9.3 |
Bankruptcies | 122 | 122 | 94 | 0.0 | 29.8 | 1,305 | 1,171 | 11.4 |
Proposals | 62 | 58 | 72 | 6.9 | -13.9 | 713 | 675 | 5.6 |
Saskatchewan | 178 | 184 | 143 | -3.3 | 24.5 | 2,022 | 1,830 | 10.5 |
Bankruptcies | 88 | 99 | 81 | -11.1 | 8.6 | 1,079 | 1,110 | -2.8 |
Proposals | 90 | 85 | 62 | 5.9 | 45.2 | 943 | 720 | 31.0 |
Alberta | 859 | 840 | 708 | 2.3 | 21.3 | 8,667 | 8,144 | 6.4 |
Bankruptcies | 393 | 338 | 329 | 16.3 | 19.5 | 3,887 | 4,197 | -7.4 |
Proposals | 466 | 502 | 379 | -7.2 | 23.0 | 4,780 | 3,947 | 21.1 |
British Columbia | 1,056 | 966 | 1,003 | 9.3 | 5.3 | 11,469 | 11,560 | -0.8 |
Bankruptcies | 517 | 480 | 568 | 7.7 | -9.0 | 5,951 | 6,839 | -13.0 |
Proposals | 539 | 486 | 435 | 10.9 | 23.9 | 5,518 | 4,721 | 16.9 |
Northwest Territories | 6 | 2 | 5 | 200.0 | 20.0 | 42 | 56 | -25.0 |
Bankruptcies | 4 | 1 | 3 | 300.0 | 33.3 | 23 | 33 | -30.3 |
Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 19 | 23 | -17.4 |
Yukon | 3 | 2 | 1 | 50.0 | 200.0 | 36 | 35 | 2.9 |
Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 17 | 24 | -29.2 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 19 | 11 | 72.7 |
Nunavut | 1 | 0 | 0 | -- | -- | 5 | 6 | -16.7 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 2 | 0.0 |
Canada | 10,463 | 10,295 | 9,501 | 1.6 | 10.1 | 119,898 | 117,807 | 1.8 |
Bankruptcies | 5,589 | 5,513 | 5,210 | 1.4 | 7.3 | 64,031 | 66,810 | -4.2 |
Proposals | 4,874 | 4,782 | 4,291 | 1.9 | 13.6 | 55,867 | 50,997 | 9.5 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2015 | May 2015 | June 2014 | May 2015 to June 2015 | June 2014 to June 2015 | 06-30-2015 | 06-30-2014 | % Change | |
Newfoundland and Labrador | 3 | 1 | 2 | 200.0 | 50.0 | 27 | 33 | -18.2 |
Bankruptcies | 3 | 1 | 2 | 200.0 | 50.0 | 25 | 22 | 13.6 |
Proposals | 0 | 0 | 0 | -- | -- | 2 | 11 | -81.8 |
Prince Edward Island | 1 | 2 | 5 | -50.0 | -80.0 | 19 | 23 | -17.4 |
Bankruptcies | 0 | 2 | 4 | -100.0 | -100.0 | 14 | 17 | -17.6 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 5 | 6 | -16.7 |
Nova Scotia | 17 | 10 | 4 | 70.0 | 325.0 | 92 | 94 | -2.1 |
Bankruptcies | 10 | 9 | 2 | 11.1 | 400.0 | 62 | 65 | -4.6 |
Proposals | 7 | 1 | 2 | 600.0 | 250.0 | 30 | 29 | 3.4 |
New Brunswick | 2 | 8 | 8 | -75.0 | -75.0 | 77 | 92 | -16.3 |
Bankruptcies | 1 | 7 | 7 | -85.7 | -85.7 | 54 | 72 | -25.0 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 23 | 20 | 15.0 |
Quebec | 190 | 164 | 166 | 15.9 | 14.5 | 2,356 | 2,237 | 5.3 |
Bankruptcies | 141 | 123 | 120 | 14.6 | 17.5 | 1,705 | 1,662 | 2.6 |
Proposals | 49 | 41 | 46 | 19.5 | 6.5 | 651 | 575 | 13.2 |
Ontario | 89 | 94 | 82 | -5.3 | 8.5 | 1,156 | 1,124 | 2.8 |
Bankruptcies | 67 | 73 | 59 | -8.2 | 13.6 | 906 | 863 | 5.0 |
Proposals | 22 | 21 | 23 | 4.8 | -4.3 | 250 | 261 | -4.2 |
Manitoba | 3 | 2 | 5 | 50.0 | -40.0 | 36 | 75 | -52.0 |
Bankruptcies | 3 | 0 | 5 | -- | -40.0 | 25 | 63 | -60.3 |
Proposals | 0 | 2 | 0 | -100.0 | -- | 11 | 12 | -8.3 |
Saskatchewan | 11 | 5 | 15 | 120.0 | -26.7 | 89 | 130 | -31.5 |
Bankruptcies | 8 | 3 | 7 | 166.7 | 14.3 | 58 | 77 | -24.7 |
Proposals | 3 | 2 | 8 | 50.0 | -62.5 | 31 | 53 | -41.5 |
Alberta | 18 | 12 | 4 | 50.0 | 350.0 | 150 | 158 | -5.1 |
Bankruptcies | 16 | 10 | 3 | 60.0 | 433.3 | 110 | 115 | -4.3 |
Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 40 | 43 | -7.0 |
British Columbia | 23 | 12 | 28 | 91.7 | -17.9 | 211 | 251 | -15.9 |
Bankruptcies | 19 | 7 | 25 | 171.4 | -24.0 | 157 | 188 | -16.5 |
Proposals | 4 | 5 | 3 | -20.0 | 33.3 | 54 | 63 | -14.3 |
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 | 357 | 310 | 319 | 15.2 | 11.9 | 4,215 | 4,217 | 0.0 |
Bankruptcies | 268 | 235 | 234 | 14.0 | 14.5 | 3,117 | 3,144 | -0.9 |
Proposals | 89 | 75 | 85 | 18.7 | 4.7 | 1,098 | 1,073 | 2.3 |
Sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2015 | May 2015 | June 2014 | May 2015 to June 2015 | June 2014 to June 2015 | 06-30-2015 | 06-30-2014 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 5 | 6 | 12 | -16.7 | -58.3 | 86 | 130 | -33.8 |
Bankruptcies | 1 | 2 | 6 | -50.0 | -83.3 | 44 | 89 | -50.6 |
Proposals | 4 | 4 | 6 | 0.0 | -33.3 | 42 | 41 | 2.4 |
Mining and Oil and Gas Extraction | 3 | 2 | 2 | 50.0 | 50.0 | 38 | 38 | 0.0 |
Bankruptcies | 3 | 2 | 0 | 50.0 | -- | 21 | 18 | 16.7 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 17 | 20 | -15.0 |
Utilities | 1 | 1 | 0 | 0.0 | -- | 13 | 10 | 30.0 |
Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 10 | 6 | 66.7 |
Proposals | 0 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
Construction | 71 | 58 | 63 | 22.4 | 12.7 | 729 | 759 | -4.0 |
Bankruptcies | 54 | 38 | 48 | 42.1 | 12.5 | 527 | 567 | -7.1 |
Proposals | 17 | 20 | 15 | -15.0 | 13.3 | 202 | 192 | 5.2 |
Manufacturing | 28 | 30 | 33 | -6.7 | -15.2 | 384 | 402 | -4.5 |
Bankruptcies | 18 | 23 | 25 | -21.7 | -28.0 | 266 | 291 | -8.6 |
Proposals | 10 | 7 | 8 | 42.9 | 25.0 | 118 | 111 | 6.3 |
Wholesale Trade | 15 | 17 | 15 | -11.8 | 0.0 | 224 | 234 | -4.3 |
Bankruptcies | 10 | 14 | 7 | -28.6 | 42.9 | 163 | 159 | 2.5 |
Proposals | 5 | 3 | 8 | 66.7 | -37.5 | 61 | 75 | -18.7 |
Retail Trade | 36 | 29 | 39 | 24.1 | -7.7 | 501 | 503 | -0.4 |
Bankruptcies | 27 | 25 | 28 | 8.0 | -3.6 | 375 | 402 | -6.7 |
Proposals | 9 | 4 | 11 | 125.0 | -18.2 | 126 | 101 | 24.8 |
Transportation and Warehousing | 21 | 16 | 17 | 31.3 | 23.5 | 275 | 233 | 18.0 |
Bankruptcies | 14 | 9 | 13 | 55.6 | 7.7 | 183 | 182 | 0.5 |
Proposals | 7 | 7 | 4 | 0.0 | 75.0 | 92 | 51 | 80.4 |
Information and Cultural Industries | 7 | 5 | 1 | 40.0 | 600.0 | 80 | 49 | 63.3 |
Bankruptcies | 6 | 2 | 1 | 200.0 | 500.0 | 55 | 33 | 66.7 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 25 | 16 | 56.3 |
Finance and Insurance | 8 | 7 | 4 | 14.3 | 100.0 | 91 | 68 | 33.8 |
Bankruptcies | 7 | 2 | 3 | 250.0 | 133.3 | 70 | 51 | 37.3 |
Proposals | 1 | 5 | 1 | -80.0 | 0.0 | 21 | 17 | 23.5 |
Real Estate and Rental and Leasing | 12 | 9 | 17 | 33.3 | -29.4 | 120 | 154 | -22.1 |
Bankruptcies | 12 | 7 | 13 | 71.4 | -7.7 | 95 | 112 | -15.2 |
Proposals | 0 | 2 | 4 | -100.0 | -100.0 | 25 | 42 | -40.5 |
Professional, Scientific and Technical Services | 28 | 27 | 18 | 3.7 | 55.6 | 301 | 296 | 1.7 |
Bankruptcies | 20 | 23 | 14 | -13.0 | 42.9 | 243 | 217 | 12.0 |
Proposals | 8 | 4 | 4 | 100.0 | 100.0 | 58 | 79 | -26.6 |
Management of Companies and Enterprises | 7 | 2 | 4 | 250.0 | 75.0 | 62 | 63 | -1.6 |
Bankruptcies | 5 | 2 | 4 | 150.0 | 25.0 | 44 | 46 | -4.3 |
Proposals | 2 | 0 | 0 | -- | -- | 18 | 17 | 5.9 |
Administrative and Support, Waste Management and Remediation Services | 18 | 13 | 23 | 38.5 | -21.7 | 211 | 202 | 4.5 |
Bankruptcies | 15 | 11 | 17 | 36.4 | -11.8 | 161 | 140 | 15.0 |
Proposals | 3 | 2 | 6 | 50.0 | -50.0 | 50 | 62 | -19.4 |
Educational Services | 2 | 2 | 5 | 0.0 | -60.0 | 40 | 50 | -20.0 |
Bankruptcies | 2 | 2 | 5 | 0.0 | -60.0 | 32 | 47 | -31.9 |
Proposals | 0 | 0 | 0 | -- | -- | 8 | 3 | 166.7 |
Health Care and Social Assistance | 10 | 5 | 4 | 100.0 | 150.0 | 93 | 78 | 19.2 |
Bankruptcies | 5 | 5 | 2 | 0.0 | 150.0 | 69 | 57 | 21.1 |
Proposals | 5 | 0 | 2 | -- | 150.0 | 24 | 21 | 14.3 |
Arts, Entertainment and Recreation | 3 | 7 | 1 | -57.1 | 200.0 | 79 | 84 | -6.0 |
Bankruptcies | 2 | 7 | 1 | -71.4 | 100.0 | 59 | 71 | -16.9 |
Proposals | 1 | 0 | 0 | -- | -- | 20 | 13 | 53.8 |
Accommodation and Food Services | 68 | 53 | 47 | 28.3 | 44.7 | 683 | 618 | 10.5 |
Bankruptcies | 54 | 45 | 36 | 20.0 | 50.0 | 539 | 459 | 17.4 |
Proposals | 14 | 8 | 11 | 75.0 | 27.3 | 144 | 159 | -9.4 |
Other Services (except Public Administration) | 14 | 20 | 14 | -30.0 | 0.0 | 204 | 245 | -16.7 |
Bankruptcies | 12 | 14 | 11 | -14.3 | 9.1 | 160 | 196 | -18.4 |
Proposals | 2 | 6 | 3 | -66.7 | -33.3 | 44 | 49 | -10.2 |
Public Administration | 0 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 357 | 310 | 319 | 15.2 | 11.9 | 4,215 | 4,217 | 0.0 |
Bankruptcies | 268 | 235 | 234 | 14.0 | 14.5 | 3,117 | 3,144 | -0.9 |
Proposals | 89 | 75 | 85 | 18.7 | 4.7 | 1,098 | 1,073 | 2.3 |