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Insolvency Statistics in Canada
January 2016
783 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 annualstatistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumergoods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individualwho 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 inbankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existingterms. 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 | |||||
|---|---|---|---|---|---|---|---|---|
| January 2016 | December 2015 | January 2015 | Dec. 2015 to Jan. 2016 | Jan. 2015 to Jan. 2016 | 01-31-2016 | 01-31-2015 | % Change | |
| Newfoundland and Labrador | 151 | 120 | 108 | 25.8 | 39.8 | 1,892 | 1,573 | 20.3 |
| Bankruptcies | 110 | 104 | 92 | 5.8 | 19.6 | 1,537 | 1,366 | 12.5 |
| Proposals | 41 | 16 | 16 | 156.3 | 156.3 | 355 | 207 | 71.5 |
| Prince Edward Island | 54 | 59 | 43 | -8.5 | 25.6 | 833 | 718 | 16.0 |
| Bankruptcies | 31 | 36 | 33 | -13.9 | -6.1 | 529 | 500 | 5.8 |
| Proposals | 23 | 23 | 10 | 0.0 | 130.0 | 304 | 218 | 39.4 |
| Nova Scotia | 342 | 414 | 368 | -17.4 | -7.1 | 5,299 | 5,370 | -1.3 |
| Bankruptcies | 250 | 286 | 251 | -12.6 | -0.4 | 3,716 | 3,831 | -3.0 |
| Proposals | 92 | 128 | 117 | -28.1 | -21.4 | 1,583 | 1,539 | 2.9 |
| New Brunswick | 278 | 324 | 261 | -14.2 | 6.5 | 4,428 | 4,346 | 1.9 |
| Bankruptcies | 178 | 213 | 167 | -16.4 | 6.6 | 2,884 | 3,041 | -5.2 |
| Proposals | 100 | 111 | 94 | -9.9 | 6.4 | 1,544 | 1,305 | 18.3 |
| Quebec | 3,325 | 3,337 | 3,558 | -0.4 | -6.5 | 45,709 | 43,998 | 3.9 |
| Bankruptcies | 1,832 | 2,008 | 1,921 | -8.8 | -4.6 | 26,134 | 25,961 | 0.7 |
| Proposals | 1,493 | 1,329 | 1,637 | 12.3 | -8.8 | 19,575 | 18,037 | 8.5 |
| Ontario | 2,817 | 3,422 | 2,888 | -17.7 | -2.5 | 41,005 | 41,973 | -2.3 |
| Bankruptcies | 1,129 | 1,626 | 1,273 | -30.6 | -11.3 | 18,698 | 19,927 | -6.2 |
| Proposals | 1,688 | 1,796 | 1,615 | -6.0 | 4.5 | 22,307 | 22,046 | 1.2 |
| Manitoba | 189 | 175 | 147 | 8.0 | 28.6 | 2,178 | 1,973 | 10.4 |
| Bankruptcies | 101 | 98 | 90 | 3.1 | 12.2 | 1,301 | 1,262 | 3.1 |
| Proposals | 88 | 77 | 57 | 14.3 | 54.4 | 877 | 711 | 23.3 |
| Saskatchewan | 200 | 219 | 143 | -8.7 | 39.9 | 2,374 | 2,039 | 16.4 |
| Bankruptcies | 100 | 131 | 71 | -23.7 | 40.8 | 1,269 | 1,154 | 10.0 |
| Proposals | 100 | 88 | 72 | 13.6 | 38.9 | 1,105 | 885 | 24.9 |
| Alberta | 904 | 830 | 652 | 8.9 | 38.7 | 10,196 | 8,430 | 20.9 |
| Bankruptcies | 395 | 383 | 287 | 3.1 | 37.6 | 4,483 | 3,908 | 14.7 |
| Proposals | 509 | 447 | 365 | 13.9 | 39.5 | 5,713 | 4,522 | 26.3 |
| British Columbia | 805 | 931 | 910 | -13.5 | -11.5 | 11,697 | 11,690 | 0.1 |
| Bankruptcies | 392 | 418 | 521 | -6.2 | -24.8 | 5,708 | 6,567 | -13.1 |
| Proposals | 413 | 513 | 389 | -19.5 | 6.2 | 5,989 | 5,123 | 16.9 |
| Northwest Territories | 1 | 10 | 1 | -90.0 | 0.0 | 52 | 50 | 4.0 |
| Bankruptcies | 1 | 4 | 0 | -75.0 | -- | 29 | 26 | 11.5 |
| Proposals | 0 | 6 | 1 | -100.0 | -100.0 | 23 | 24 | -4.2 |
| Yukon | 5 | 3 | 3 | 66.7 | 66.7 | 37 | 38 | -2.6 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 18 | 18 | 0.0 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 19 | 20 | -5.0 |
| Nunavut | 2 | 0 | 1 | -- | 100.0 | 6 | 6 | 0.0 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 3 | -33.3 |
| Canada | 9,073 | 9,844 | 9,083 | -7.8 | -0.1 | 125,706 | 122,204 | 2.9 |
| Bankruptcies | 4,522 | 5,308 | 4,707 | -14.8 | -3.9 | 66,310 | 67,564 | -1.9 |
| Proposals | 4,551 | 4,536 | 4,376 | 0.3 | 4.0 | 59,396 | 54,640 | 8.7 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| January 2016 | December 2015 | January 2015 | Dec. 2015 to Jan. 2016 | Jan. 2015 to Jan. 2016 | 01-31-2016 | 01-31-2015 | % Change | |
| Newfoundland and Labrador | 150 | 119 | 107 | 26.1 | 40.2 | 1,865 | 1,546 | 20.6 |
| Bankruptcies | 109 | 104 | 91 | 4.8 | 19.8 | 1,516 | 1,341 | 13.0 |
| Proposals | 41 | 15 | 16 | 173.3 | 156.3 | 349 | 205 | 70.2 |
| Prince Edward Island | 54 | 59 | 42 | -8.5 | 28.6 | 818 | 699 | 17.0 |
| Bankruptcies | 31 | 36 | 33 | -13.9 | -6.1 | 517 | 487 | 6.2 |
| Proposals | 23 | 23 | 9 | 0.0 | 155.6 | 301 | 212 | 42.0 |
| Nova Scotia | 336 | 408 | 360 | -17.6 | -6.7 | 5,208 | 5,289 | -1.5 |
| Bankruptcies | 244 | 280 | 246 | -12.9 | -0.8 | 3,646 | 3,777 | -3.5 |
| Proposals | 92 | 128 | 114 | -28.1 | -19.3 | 1,562 | 1,512 | 3.3 |
| New Brunswick | 275 | 313 | 254 | -12.1 | 8.3 | 4,352 | 4,257 | 2.2 |
| Bankruptcies | 177 | 202 | 164 | -12.4 | 7.9 | 2,827 | 2,975 | -5.0 |
| Proposals | 98 | 111 | 90 | -11.7 | 8.9 | 1,525 | 1,282 | 19.0 |
| Quebec | 3,158 | 3,133 | 3,373 | 0.8 | -6.4 | 43,490 | 41,641 | 4.4 |
| Bankruptcies | 1,701 | 1,853 | 1,791 | -8.2 | -5.0 | 24,449 | 24,268 | 0.7 |
| Proposals | 1,457 | 1,280 | 1,582 | 13.8 | -7.9 | 19,041 | 17,373 | 9.6 |
| Ontario | 2,764 | 3,335 | 2,807 | -17.1 | -1.5 | 39,892 | 40,902 | -2.5 |
| Bankruptcies | 1,087 | 1,557 | 1,209 | -30.2 | -10.1 | 17,836 | 19,101 | -6.6 |
| Proposals | 1,677 | 1,778 | 1,598 | -5.7 | 4.9 | 22,056 | 21,801 | 1.2 |
| Manitoba | 183 | 170 | 146 | 7.6 | 25.3 | 2,135 | 1,919 | 11.3 |
| Bankruptcies | 97 | 94 | 90 | 3.2 | 7.8 | 1,271 | 1,218 | 4.4 |
| Proposals | 86 | 76 | 56 | 13.2 | 53.6 | 864 | 701 | 23.3 |
| Saskatchewan | 189 | 214 | 135 | -11.7 | 40.0 | 2,252 | 1,925 | 17.0 |
| Bankruptcies | 91 | 127 | 65 | -28.3 | 40.0 | 1,181 | 1,083 | 9.0 |
| Proposals | 98 | 87 | 70 | 12.6 | 40.0 | 1,071 | 842 | 27.2 |
| Alberta | 895 | 821 | 640 | 9.0 | 39.8 | 10,065 | 8,285 | 21.5 |
| Bankruptcies | 390 | 375 | 278 | 4.0 | 40.3 | 4,392 | 3,801 | 15.5 |
| Proposals | 505 | 446 | 362 | 13.2 | 39.5 | 5,673 | 4,484 | 26.5 |
| British Columbia | 782 | 915 | 894 | -14.5 | -12.5 | 11,468 | 11,433 | 0.3 |
| Bankruptcies | 374 | 403 | 510 | -7.2 | -26.7 | 5,547 | 6,369 | -12.9 |
| Proposals | 408 | 512 | 384 | -20.3 | 6.3 | 5,921 | 5,064 | 16.9 |
| Northwest Territories | 1 | 10 | 1 | -90.0 | 0.0 | 52 | 50 | 4.0 |
| Bankruptcies | 1 | 4 | 0 | -75.0 | -- | 29 | 26 | 11.5 |
| Proposals | 0 | 6 | 1 | -100.0 | -100.0 | 23 | 24 | -4.2 |
| Yukon | 5 | 3 | 3 | 66.7 | 66.7 | 37 | 37 | 0.0 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 18 | 18 | 0.0 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 19 | 19 | 0.0 |
| Nunavut | 2 | 0 | 1 | -- | 100.0 | 6 | 5 | 20.0 |
| Bankruptcies | 2 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 3 | -33.3 |
| Canada | 8,794 | 9,500 | 8,763 | -7.4 | 0.4 | 121,640 | 117,988 | 3.1 |
| Bankruptcies | 4,305 | 5,036 | 4,478 | -14.5 | -3.9 | 63,233 | 64,466 | -1.9 |
| Proposals | 4,489 | 4,464 | 4,285 | 0.6 | 4.8 | 58,407 | 53,522 | 9.1 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| January 2016 | December 2015 | January 2015 | Dec. 2015 to Jan. 2016 | Jan. 2015 to Jan. 2016 | 01-31-2016 | 01-31-2015 | % Change | |
| Newfoundland and Labrador | 1 | 1 | 1 | 0.0 | 0.0 | 27 | 27 | 0.0 |
| Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 21 | 25 | -16.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 2 | 200.0 |
| Prince Edward Island | 0 | 0 | 1 | -- | -100.0 | 15 | 19 | -21.1 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 12 | 13 | -7.7 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 3 | 6 | -50.0 |
| Nova Scotia | 6 | 6 | 8 | 0.0 | -25.0 | 91 | 81 | 12.3 |
| Bankruptcies | 6 | 6 | 5 | 0.0 | 20.0 | 70 | 54 | 29.6 |
| Proposals | 0 | 0 | 3 | -- | -100.0 | 21 | 27 | -22.2 |
| New Brunswick | 3 | 11 | 7 | -72.7 | -57.1 | 76 | 89 | -14.6 |
| Bankruptcies | 1 | 11 | 3 | -90.9 | -66.7 | 57 | 66 | -13.6 |
| Proposals | 2 | 0 | 4 | -- | -50.0 | 19 | 23 | -17.4 |
| Quebec | 167 | 204 | 185 | -18.1 | -9.7 | 2,219 | 2,357 | -5.9 |
| Bankruptcies | 131 | 155 | 130 | -15.5 | 0.8 | 1,685 | 1,693 | -0.5 |
| Proposals | 36 | 49 | 55 | -26.5 | -34.5 | 534 | 664 | -19.6 |
| Ontario | 53 | 87 | 81 | -39.1 | -34.6 | 1,113 | 1,071 | 3.9 |
| Bankruptcies | 42 | 69 | 64 | -39.1 | -34.4 | 862 | 826 | 4.4 |
| Proposals | 11 | 18 | 17 | -38.9 | -35.3 | 251 | 245 | 2.4 |
| Manitoba | 6 | 5 | 1 | 20.0 | 500.0 | 43 | 54 | -20.4 |
| Bankruptcies | 4 | 4 | 0 | 0.0 | -- | 30 | 44 | -31.8 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 13 | 10 | 30.0 |
| Saskatchewan | 11 | 5 | 8 | 120.0 | 37.5 | 122 | 114 | 7.0 |
| Bankruptcies | 9 | 4 | 6 | 125.0 | 50.0 | 88 | 71 | 23.9 |
| Proposals | 2 | 1 | 2 | 100.0 | 0.0 | 34 | 43 | -20.9 |
| Alberta | 9 | 9 | 12 | 0.0 | -25.0 | 131 | 145 | -9.7 |
| Bankruptcies | 5 | 8 | 9 | -37.5 | -44.4 | 91 | 107 | -15.0 |
| Proposals | 4 | 1 | 3 | 300.0 | 33.3 | 40 | 38 | 5.3 |
| British Columbia | 23 | 16 | 16 | 43.8 | 43.8 | 229 | 257 | -10.9 |
| Bankruptcies | 18 | 15 | 11 | 20.0 | 63.6 | 161 | 198 | -18.7 |
| Proposals | 5 | 1 | 5 | 400.0 | 0.0 | 68 | 59 | 15.3 |
| 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 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 279 | 344 | 320 | -18.9 | -12.8 | 4,066 | 4,216 | -3.6 |
| Bankruptcies | 217 | 272 | 229 | -20.2 | -5.2 | 3,077 | 3,098 | -0.7 |
| Proposals | 62 | 72 | 91 | -13.9 | -31.9 | 989 | 1,118 | -11.5 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| January 2016 | December 2015 | January 2015 | Dec. 2015 to Jan. 2016 | Jan. 2015 to Jan. 2016 | 01-31-2016 | 01-31-2015 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 5 | 5 | 7 | 0.0 | -28.6 | 82 | 86 | -4.7 |
| Bankruptcies | 3 | 4 | 7 | -25.0 | -57.1 | 39 | 59 | -33.9 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 43 | 27 | 59.3 |
| Mining and Oil and Gas Extraction | 3 | 6 | 3 | -50.0 | 0.0 | 44 | 40 | 10.0 |
| Bankruptcies | 3 | 6 | 1 | -50.0 | 200.0 | 33 | 19 | 73.7 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 11 | 21 | -47.6 |
| Utilities | 0 | 1 | 0 | -100.0 | -- | 13 | 12 | 8.3 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 10 | 8 | 25.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 3 | 4 | -25.0 |
| Construction | 51 | 56 | 52 | -8.9 | -1.9 | 774 | 706 | 9.6 |
| Bankruptcies | 40 | 47 | 38 | -14.9 | 5.3 | 574 | 518 | 10.8 |
| Proposals | 11 | 9 | 14 | 22.2 | -21.4 | 200 | 188 | 6.4 |
| Manufacturing | 29 | 34 | 16 | -14.7 | 81.3 | 393 | 370 | 6.2 |
| Bankruptcies | 22 | 25 | 9 | -12.0 | 144.4 | 280 | 261 | 7.3 |
| Proposals | 7 | 9 | 7 | -22.2 | 0.0 | 113 | 109 | 3.7 |
| Wholesale Trade | 9 | 18 | 24 | -50.0 | -62.5 | 193 | 229 | -15.7 |
| Bankruptcies | 7 | 14 | 13 | -50.0 | -46.2 | 148 | 152 | -2.6 |
| Proposals | 2 | 4 | 11 | -50.0 | -81.8 | 45 | 77 | -41.6 |
| Retail Trade | 41 | 44 | 45 | -6.8 | -8.9 | 498 | 498 | 0.0 |
| Bankruptcies | 30 | 33 | 29 | -9.1 | 3.4 | 386 | 366 | 5.5 |
| Proposals | 11 | 11 | 16 | 0.0 | -31.3 | 112 | 132 | -15.2 |
| Transportation and Warehousing | 12 | 14 | 21 | -14.3 | -42.9 | 210 | 279 | -24.7 |
| Bankruptcies | 11 | 11 | 15 | 0.0 | -26.7 | 155 | 189 | -18.0 |
| Proposals | 1 | 3 | 6 | -66.7 | -83.3 | 55 | 90 | -38.9 |
| Information and Cultural Industries | 4 | 8 | 2 | -50.0 | 100.0 | 74 | 68 | 8.8 |
| Bankruptcies | 3 | 7 | 0 | -57.1 | -- | 57 | 47 | 21.3 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 17 | 21 | -19.0 |
| Finance and Insurance | 6 | 6 | 12 | 0.0 | -50.0 | 68 | 89 | -23.6 |
| Bankruptcies | 5 | 6 | 7 | -16.7 | -28.6 | 53 | 68 | -22.1 |
| Proposals | 1 | 0 | 5 | -- | -80.0 | 15 | 21 | -28.6 |
| Real Estate and Rental and Leasing | 9 | 13 | 7 | -30.8 | 28.6 | 143 | 132 | 8.3 |
| Bankruptcies | 8 | 10 | 6 | -20.0 | 33.3 | 116 | 101 | 14.9 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 27 | 31 | -12.9 |
| Professional, Scientific and Technical Services | 19 | 22 | 26 | -13.6 | -26.9 | 280 | 319 | -12.2 |
| Bankruptcies | 17 | 15 | 20 | 13.3 | -15.0 | 221 | 253 | -12.6 |
| Proposals | 2 | 7 | 6 | -71.4 | -66.7 | 59 | 66 | -10.6 |
| Management of Companies and Enterprises | 8 | 6 | 4 | 33.3 | 100.0 | 61 | 58 | 5.2 |
| Bankruptcies | 7 | 4 | 3 | 75.0 | 133.3 | 44 | 45 | -2.2 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 17 | 13 | 30.8 |
| Administrative and Support, Waste Management and Remediation Services | 15 | 17 | 17 | -11.8 | -11.8 | 194 | 232 | -16.4 |
| Bankruptcies | 11 | 12 | 10 | -8.3 | 10.0 | 149 | 162 | -8.0 |
| Proposals | 4 | 5 | 7 | -20.0 | -42.9 | 45 | 70 | -35.7 |
| Educational Services | 0 | 5 | 3 | -100.0 | -100.0 | 34 | 53 | -35.8 |
| Bankruptcies | 0 | 4 | 3 | -100.0 | -100.0 | 27 | 45 | -40.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 7 | 8 | -12.5 |
| Health Care and Social Assistance | 7 | 2 | 4 | 250.0 | 75.0 | 78 | 102 | -23.5 |
| Bankruptcies | 4 | 2 | 4 | 100.0 | 0.0 | 56 | 76 | -26.3 |
| Proposals | 3 | 0 | 0 | -- | -- | 22 | 26 | -15.4 |
| Arts, Entertainment and Recreation | 6 | 3 | 3 | 100.0 | 100.0 | 74 | 86 | -14.0 |
| Bankruptcies | 6 | 1 | 3 | 500.0 | 100.0 | 55 | 70 | -21.4 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 19 | 16 | 18.8 |
| Accommodation and Food Services | 49 | 67 | 51 | -26.9 | -3.9 | 656 | 647 | 1.4 |
| Bankruptcies | 36 | 58 | 43 | -37.9 | -16.3 | 519 | 489 | 6.1 |
| Proposals | 13 | 9 | 8 | 44.4 | 62.5 | 137 | 158 | -13.3 |
| Other Services (except Public Administration) | 5 | 17 | 23 | -70.6 | -78.3 | 192 | 209 | -8.1 |
| Bankruptcies | 3 | 13 | 18 | -76.9 | -83.3 | 150 | 169 | -11.2 |
| Proposals | 2 | 4 | 5 | -50.0 | -60.0 | 42 | 40 | 5.0 |
| Public Administration | 1 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 279 | 344 | 320 | -18.9 | -12.8 | 4,066 | 4,216 | -3.6 |
| Bankruptcies | 217 | 272 | 229 | -20.2 | -5.2 | 3,077 | 3,098 | -0.7 |
| Proposals | 62 | 72 | 91 | -13.9 | -31.9 | 989 | 1,118 | -11.5 |