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Insolvency Statistics in Canada
July 2016
780 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 in bankruptcy 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 | |||||
|---|---|---|---|---|---|---|---|---|
| July 2016 | June 2016 | July 2015 | June 2016 to July 2016 | July 2015 to July 2016 | 07-31-2016 | 07-31-2015 | % Change | |
| Newfoundland and Labrador | 180 | 251 | 155 | -28.3 | 16.1 | 2,213 | 1,694 | 30.6 |
| Bankruptcies | 130 | 166 | 137 | -21.7 | -5.1 | 1,575 | 1,426 | 10.4 |
| Proposals | 50 | 85 | 18 | -41.2 | 177.8 | 638 | 268 | 138.1 |
| Prince Edward Island | 64 | 73 | 84 | -12.3 | -23.8 | 807 | 800 | 0.9 |
| Bankruptcies | 35 | 35 | 55 | 0.0 | -36.4 | 499 | 525 | -5.0 |
| Proposals | 29 | 38 | 29 | -23.7 | 0.0 | 308 | 275 | 12.0 |
| Nova Scotia | 507 | 563 | 457 | -9.9 | 10.9 | 5,691 | 5,304 | 7.3 |
| Bankruptcies | 367 | 392 | 322 | -6.4 | 14.0 | 4,041 | 3,771 | 7.2 |
| Proposals | 140 | 171 | 135 | -18.1 | 3.7 | 1,650 | 1,533 | 7.6 |
| New Brunswick | 317 | 386 | 402 | -17.9 | -21.1 | 4,372 | 4,479 | -2.4 |
| Bankruptcies | 216 | 250 | 268 | -13.6 | -19.4 | 2,900 | 3,019 | -3.9 |
| Proposals | 101 | 136 | 134 | -25.7 | -24.6 | 1,472 | 1,460 | 0.8 |
| Quebec | 3,265 | 3,926 | 3,867 | -16.8 | -15.6 | 45,359 | 45,882 | -1.1 |
| Bankruptcies | 1,863 | 2,227 | 2,137 | -16.3 | -12.8 | 26,063 | 26,264 | -0.8 |
| Proposals | 1,402 | 1,699 | 1,730 | -17.5 | -19.0 | 19,296 | 19,618 | -1.6 |
| Ontario | 3,091 | 3,614 | 3,420 | -14.5 | -9.6 | 40,900 | 41,407 | -1.2 |
| Bankruptcies | 1,307 | 1,610 | 1,549 | -18.8 | -15.6 | 18,160 | 19,412 | -6.4 |
| Proposals | 1,784 | 2,004 | 1,871 | -11.0 | -4.6 | 22,740 | 21,995 | 3.4 |
| Manitoba | 185 | 247 | 202 | -25.1 | -8.4 | 2,433 | 2,100 | 15.9 |
| Bankruptcies | 110 | 145 | 119 | -24.1 | -7.6 | 1,371 | 1,342 | 2.2 |
| Proposals | 75 | 102 | 83 | -26.5 | -9.6 | 1,062 | 758 | 40.1 |
| Saskatchewan | 240 | 291 | 205 | -17.5 | 17.1 | 2,757 | 2,134 | 29.2 |
| Bankruptcies | 119 | 133 | 105 | -10.5 | 13.3 | 1,439 | 1,143 | 25.9 |
| Proposals | 121 | 158 | 100 | -23.4 | 21.0 | 1,318 | 991 | 33.0 |
| Alberta | 1,037 | 1,219 | 830 | -14.9 | 24.9 | 12,180 | 8,992 | 35.5 |
| Bankruptcies | 388 | 491 | 358 | -21.0 | 8.4 | 5,148 | 4,052 | 27.0 |
| Proposals | 649 | 728 | 472 | -10.9 | 37.5 | 7,032 | 4,940 | 42.3 |
| British Columbia | 870 | 1,016 | 1,021 | -14.4 | -14.8 | 11,618 | 11,657 | -0.3 |
| Bankruptcies | 414 | 431 | 488 | -3.9 | -15.2 | 5,370 | 6,015 | -10.7 |
| Proposals | 456 | 585 | 533 | -22.1 | -14.4 | 6,248 | 5,642 | 10.7 |
| Northwest Territories | 3 | 5 | 4 | -40.0 | -25.0 | 57 | 44 | 29.5 |
| Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 33 | 22 | 50.0 |
| Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 24 | 22 | 9.1 |
| Yukon | 3 | 9 | 4 | -66.7 | -25.0 | 50 | 35 | 42.9 |
| Bankruptcies | 3 | 3 | 2 | 0.0 | 50.0 | 28 | 16 | 75.0 |
| Proposals | 0 | 6 | 2 | -100.0 | -100.0 | 22 | 19 | 15.8 |
| Nunavut | 0 | 0 | 0 | -- | -- | 10 | 6 | 66.7 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 4 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
| Canada | 9,762 | 11,600 | 10,651 | -15.8 | -8.3 | 128,447 | 124,534 | 3.1 |
| Bankruptcies | 4,954 | 5,886 | 5,541 | -15.8 | -10.6 | 66,631 | 67,011 | -0.6 |
| Proposals | 4,808 | 5,714 | 5,110 | -15.9 | -5.9 | 61,816 | 57,523 | 7.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2016 | June 2016 | July 2015 | June 2016 to July 2016 | July 2015 to July 2016 | 07-31-2016 | 07-31-2015 | % Change | |
| Newfoundland and Labrador | 179 | 250 | 155 | -28.4 | 15.5 | 2,185 | 1,667 | 31.1 |
| Bankruptcies | 129 | 165 | 137 | -21.8 | -5.8 | 1,555 | 1,401 | 11.0 |
| Proposals | 50 | 85 | 18 | -41.2 | 177.8 | 630 | 266 | 136.8 |
| Prince Edward Island | 63 | 71 | 82 | -11.3 | -23.2 | 793 | 783 | 1.3 |
| Bankruptcies | 34 | 34 | 54 | 0.0 | -37.0 | 490 | 512 | -4.3 |
| Proposals | 29 | 37 | 28 | -21.6 | 3.6 | 303 | 271 | 11.8 |
| Nova Scotia | 499 | 554 | 451 | -9.9 | 10.6 | 5,613 | 5,215 | 7.6 |
| Bankruptcies | 360 | 384 | 316 | -6.3 | 13.9 | 3,973 | 3,709 | 7.1 |
| Proposals | 139 | 170 | 135 | -18.2 | 3.0 | 1,640 | 1,506 | 8.9 |
| New Brunswick | 310 | 383 | 394 | -19.1 | -21.3 | 4,298 | 4,400 | -2.3 |
| Bankruptcies | 212 | 248 | 261 | -14.5 | -18.8 | 2,843 | 2,962 | -4.0 |
| Proposals | 98 | 135 | 133 | -27.4 | -26.3 | 1,455 | 1,438 | 1.2 |
| Quebec | 3,128 | 3,743 | 3,707 | -16.4 | -15.6 | 43,136 | 43,534 | -0.9 |
| Bankruptcies | 1,755 | 2,091 | 2,016 | -16.1 | -12.9 | 24,365 | 24,566 | -0.8 |
| Proposals | 1,373 | 1,652 | 1,691 | -16.9 | -18.8 | 18,771 | 18,968 | -1.0 |
| Ontario | 3,023 | 3,531 | 3,317 | -14.4 | -8.9 | 39,907 | 40,230 | -0.8 |
| Bankruptcies | 1,258 | 1,542 | 1,469 | -18.4 | -14.4 | 17,413 | 18,496 | -5.9 |
| Proposals | 1,765 | 1,989 | 1,848 | -11.3 | -4.5 | 22,494 | 21,734 | 3.5 |
| Manitoba | 182 | 241 | 198 | -24.5 | -8.1 | 2,382 | 2,063 | 15.5 |
| Bankruptcies | 107 | 141 | 118 | -24.1 | -9.3 | 1,334 | 1,318 | 1.2 |
| Proposals | 75 | 100 | 80 | -25.0 | -6.3 | 1,048 | 745 | 40.7 |
| Saskatchewan | 230 | 284 | 195 | -19.0 | 17.9 | 2,620 | 2,042 | 28.3 |
| Bankruptcies | 112 | 126 | 97 | -11.1 | 15.5 | 1,338 | 1,081 | 23.8 |
| Proposals | 118 | 158 | 98 | -25.3 | 20.4 | 1,282 | 961 | 33.4 |
| Alberta | 1,026 | 1,202 | 824 | -14.6 | 24.5 | 12,045 | 8,849 | 36.1 |
| Bankruptcies | 381 | 475 | 353 | -19.8 | 7.9 | 5,055 | 3,944 | 28.2 |
| Proposals | 645 | 727 | 471 | -11.3 | 36.9 | 6,990 | 4,905 | 42.5 |
| British Columbia | 857 | 993 | 1,007 | -13.7 | -14.9 | 11,382 | 11,459 | -0.7 |
| Bankruptcies | 404 | 413 | 476 | -2.2 | -15.1 | 5,198 | 5,868 | -11.4 |
| Proposals | 453 | 580 | 531 | -21.9 | -14.7 | 6,184 | 5,591 | 10.6 |
| Northwest Territories | 3 | 5 | 4 | -40.0 | -25.0 | 57 | 44 | 29.5 |
| Bankruptcies | 2 | 3 | 1 | -33.3 | 100.0 | 33 | 22 | 50.0 |
| Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 24 | 22 | 9.1 |
| Yukon | 3 | 9 | 4 | -66.7 | -25.0 | 50 | 34 | 47.1 |
| Bankruptcies | 3 | 3 | 2 | 0.0 | 50.0 | 28 | 16 | 75.0 |
| Proposals | 0 | 6 | 2 | -100.0 | -100.0 | 22 | 18 | 22.2 |
| Nunavut | 0 | 0 | 0 | -- | -- | 9 | 5 | 80.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 3 | 0.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
| Canada | 9,503 | 11,266 | 10,338 | -15.6 | -8.1 | 124,477 | 120,325 | 3.5 |
| Bankruptcies | 4,757 | 5,625 | 5,300 | -15.4 | -10.2 | 63,628 | 63,898 | -0.4 |
| Proposals | 4,746 | 5,641 | 5,038 | -15.9 | -5.8 | 60,849 | 56,427 | 7.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2016 | June 2016 | July 2015 | June 2016 to July 2016 | July 2015 to July 2016 | 07-31-2016 | 07-31-2015 | % Change | |
| Newfoundland and Labrador | 1 | 1 | 0 | 0.0 | -- | 28 | 27 | 3.7 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 20 | 25 | -20.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 8 | 2 | 300.0 |
| Prince Edward Island | 1 | 2 | 2 | -50.0 | -50.0 | 14 | 17 | -17.6 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 9 | 13 | -30.8 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 4 | 25.0 |
| Nova Scotia | 8 | 9 | 6 | -11.1 | 33.3 | 78 | 89 | -12.4 |
| Bankruptcies | 7 | 8 | 6 | -12.5 | 16.7 | 68 | 62 | 9.7 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 10 | 27 | -63.0 |
| New Brunswick | 7 | 3 | 8 | 133.3 | -12.5 | 74 | 79 | -6.3 |
| Bankruptcies | 4 | 2 | 7 | 100.0 | -42.9 | 57 | 57 | 0.0 |
| Proposals | 3 | 1 | 1 | 200.0 | 200.0 | 17 | 22 | -22.7 |
| Quebec | 137 | 183 | 160 | -25.1 | -14.4 | 2,223 | 2,348 | -5.3 |
| Bankruptcies | 108 | 136 | 121 | -20.6 | -10.7 | 1,698 | 1,698 | 0.0 |
| Proposals | 29 | 47 | 39 | -38.3 | -25.6 | 525 | 650 | -19.2 |
| Ontario | 68 | 83 | 103 | -18.1 | -34.0 | 993 | 1,177 | -15.6 |
| Bankruptcies | 49 | 68 | 80 | -27.9 | -38.8 | 747 | 916 | -18.4 |
| Proposals | 19 | 15 | 23 | 26.7 | -17.4 | 246 | 261 | -5.7 |
| Manitoba | 3 | 6 | 4 | -50.0 | -25.0 | 51 | 37 | 37.8 |
| Bankruptcies | 3 | 4 | 1 | -25.0 | 200.0 | 37 | 24 | 54.2 |
| Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 14 | 13 | 7.7 |
| Saskatchewan | 10 | 7 | 10 | 42.9 | 0.0 | 137 | 92 | 48.9 |
| Bankruptcies | 7 | 7 | 8 | 0.0 | -12.5 | 101 | 62 | 62.9 |
| Proposals | 3 | 0 | 2 | -- | 50.0 | 36 | 30 | 20.0 |
| Alberta | 11 | 17 | 6 | -35.3 | 83.3 | 135 | 143 | -5.6 |
| Bankruptcies | 7 | 16 | 5 | -56.3 | 40.0 | 93 | 108 | -13.9 |
| Proposals | 4 | 1 | 1 | 300.0 | 300.0 | 42 | 35 | 20.0 |
| British Columbia | 13 | 23 | 14 | -43.5 | -7.1 | 236 | 198 | 19.2 |
| Bankruptcies | 10 | 18 | 12 | -44.4 | -16.7 | 172 | 147 | 17.0 |
| Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 64 | 51 | 25.5 |
| 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 | 259 | 334 | 313 | -22.5 | -17.3 | 3,970 | 4,209 | -5.7 |
| Bankruptcies | 197 | 261 | 241 | -24.5 | -18.3 | 3,003 | 3,113 | -3.5 |
| Proposals | 62 | 73 | 72 | -15.1 | -13.9 | 967 | 1,096 | -11.8 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2016 | June 2016 | July 2015 | June 2016 to July 2016 | July 2015 to July 2016 | 07-31-2016 | 07-31-2015 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 5 | 3 | 7 | 66.7 | -28.6 | 76 | 85 | -10.6 |
| Bankruptcies | 3 | 3 | 5 | 0.0 | -40.0 | 53 | 43 | 23.3 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 23 | 42 | -45.2 |
| Mining and Oil and Gas Extraction | 7 | 7 | 2 | 0.0 | 250.0 | 51 | 38 | 34.2 |
| Bankruptcies | 4 | 7 | 0 | -42.9 | -- | 37 | 21 | 76.2 |
| Proposals | 3 | 0 | 2 | -- | 50.0 | 14 | 17 | -17.6 |
| Utilities | 0 | 2 | 4 | -100.0 | -100.0 | 8 | 14 | -42.9 |
| Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 3 | 10 | -70.0 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 5 | 4 | 25.0 |
| Construction | 59 | 42 | 53 | 40.5 | 11.3 | 740 | 728 | 1.6 |
| Bankruptcies | 42 | 33 | 44 | 27.3 | -4.5 | 555 | 527 | 5.3 |
| Proposals | 17 | 9 | 9 | 88.9 | 88.9 | 185 | 201 | -8.0 |
| Manufacturing | 19 | 23 | 25 | -17.4 | -24.0 | 344 | 376 | -8.5 |
| Bankruptcies | 12 | 17 | 16 | -29.4 | -25.0 | 257 | 259 | -0.8 |
| Proposals | 7 | 6 | 9 | 16.7 | -22.2 | 87 | 117 | -25.6 |
| Wholesale Trade | 16 | 13 | 18 | 23.1 | -11.1 | 176 | 221 | -20.4 |
| Bankruptcies | 13 | 10 | 15 | 30.0 | -13.3 | 135 | 159 | -15.1 |
| Proposals | 3 | 3 | 3 | 0.0 | 0.0 | 41 | 62 | -33.9 |
| Retail Trade | 27 | 37 | 38 | -27.0 | -28.9 | 516 | 498 | 3.6 |
| Bankruptcies | 22 | 29 | 30 | -24.1 | -26.7 | 386 | 377 | 2.4 |
| Proposals | 5 | 8 | 8 | -37.5 | -37.5 | 130 | 121 | 7.4 |
| Transportation and Warehousing | 14 | 30 | 14 | -53.3 | 0.0 | 213 | 271 | -21.4 |
| Bankruptcies | 12 | 26 | 12 | -53.8 | 0.0 | 164 | 178 | -7.9 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 49 | 93 | -47.3 |
| Information and Cultural Industries | 5 | 3 | 4 | 66.7 | 25.0 | 69 | 78 | -11.5 |
| Bankruptcies | 5 | 2 | 4 | 150.0 | 25.0 | 60 | 55 | 9.1 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 9 | 23 | -60.9 |
| Finance and Insurance | 3 | 8 | 5 | -62.5 | -40.0 | 66 | 89 | -25.8 |
| Bankruptcies | 3 | 6 | 3 | -50.0 | 0.0 | 51 | 67 | -23.9 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 15 | 22 | -31.8 |
| Real Estate and Rental and Leasing | 9 | 9 | 9 | 0.0 | 0.0 | 156 | 120 | 30.0 |
| Bankruptcies | 8 | 8 | 9 | 0.0 | -11.1 | 108 | 97 | 11.3 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 48 | 23 | 108.7 |
| Professional, Scientific and Technical Services | 20 | 35 | 24 | -42.9 | -16.7 | 298 | 304 | -2.0 |
| Bankruptcies | 13 | 26 | 20 | -50.0 | -35.0 | 224 | 248 | -9.7 |
| Proposals | 7 | 9 | 4 | -22.2 | 75.0 | 74 | 56 | 32.1 |
| Management of Companies and Enterprises | 1 | 5 | 5 | -80.0 | -80.0 | 60 | 61 | -1.6 |
| Bankruptcies | 1 | 5 | 3 | -80.0 | -66.7 | 48 | 42 | 14.3 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 12 | 19 | -36.8 |
| Administrative and Support, Waste Management and Remediation Services | 13 | 20 | 23 | -35.0 | -43.5 | 184 | 217 | -15.2 |
| Bankruptcies | 9 | 12 | 18 | -25.0 | -50.0 | 131 | 165 | -20.6 |
| Proposals | 4 | 8 | 5 | -50.0 | -20.0 | 53 | 52 | 1.9 |
| Educational Services | 0 | 4 | 0 | -100.0 | -- | 34 | 39 | -12.8 |
| Bankruptcies | 0 | 3 | 0 | -100.0 | -- | 22 | 32 | -31.3 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 12 | 7 | 71.4 |
| Health Care and Social Assistance | 5 | 8 | 8 | -37.5 | -37.5 | 72 | 95 | -24.2 |
| Bankruptcies | 3 | 7 | 2 | -57.1 | 50.0 | 55 | 65 | -15.4 |
| Proposals | 2 | 1 | 6 | 100.0 | -66.7 | 17 | 30 | -43.3 |
| Arts, Entertainment and Recreation | 2 | 9 | 6 | -77.8 | -66.7 | 76 | 81 | -6.2 |
| Bankruptcies | 2 | 6 | 5 | -66.7 | -60.0 | 61 | 60 | 1.7 |
| Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 15 | 21 | -28.6 |
| Accommodation and Food Services | 42 | 67 | 58 | -37.3 | -27.6 | 643 | 690 | -6.8 |
| Bankruptcies | 34 | 53 | 43 | -35.8 | -20.9 | 497 | 546 | -9.0 |
| Proposals | 8 | 14 | 15 | -42.9 | -46.7 | 146 | 144 | 1.4 |
| Other Services (except Public Administration) | 12 | 9 | 10 | 33.3 | 20.0 | 183 | 203 | -9.9 |
| Bankruptcies | 11 | 8 | 10 | 37.5 | 10.0 | 151 | 161 | -6.2 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 32 | 42 | -23.8 |
| Public Administration | 0 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 259 | 334 | 313 | -22.5 | -17.3 | 3,970 | 4,209 | -5.7 |
| Bankruptcies | 197 | 261 | 241 | -24.5 | -18.3 | 3,003 | 3,113 | -3.5 |
| Proposals | 62 | 73 | 72 | -15.1 | -13.9 | 967 | 1,096 | -11.8 |