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Insolvency Statistics in Canada
February 2017
225 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 | |||||
|---|---|---|---|---|---|---|---|---|
| February 2017 | January 2017 | February 2016 | Jan. 2017 to Feb. 2017 | Feb. 2016 to Feb. 2017 | 02-28-2017 | 02-29-2016 | % Change | |
| Newfoundland and Labrador | 184 | 186 | 188 | -1.1 | -2.1 | 2,458 | 1,933 | 27.2 |
| Bankruptcies | 84 | 119 | 126 | -29.4 | -33.3 | 1,541 | 1,540 | 0.1 |
| Proposals | 100 | 67 | 62 | 49.3 | 61.3 | 917 | 393 | 133.3 |
| Prince Edward Island | 60 | 42 | 72 | 42.9 | -16.7 | 791 | 843 | -6.2 |
| Bankruptcies | 29 | 20 | 47 | 45.0 | -38.3 | 478 | 534 | -10.5 |
| Proposals | 31 | 22 | 25 | 40.9 | 24.0 | 313 | 309 | 1.3 |
| Nova Scotia | 382 | 415 | 433 | -8.0 | -11.8 | 6,045 | 5,334 | 13.3 |
| Bankruptcies | 240 | 280 | 304 | -14.3 | -21.1 | 4,220 | 3,765 | 12.1 |
| Proposals | 142 | 135 | 129 | 5.2 | 10.1 | 1,825 | 1,569 | 16.3 |
| New Brunswick | 273 | 290 | 339 | -5.9 | -19.5 | 4,447 | 4,454 | -0.2 |
| Bankruptcies | 159 | 142 | 212 | 12.0 | -25.0 | 2,860 | 2,890 | -1.0 |
| Proposals | 114 | 148 | 127 | -23.0 | -10.2 | 1,587 | 1,564 | 1.5 |
| Quebec | 3,766 | 3,191 | 3,965 | 18.0 | -5.0 | 44,873 | 45,790 | -2.0 |
| Bankruptcies | 1,990 | 1,762 | 2,228 | 12.9 | -10.7 | 25,593 | 26,292 | -2.7 |
| Proposals | 1,776 | 1,429 | 1,737 | 24.3 | 2.2 | 19,280 | 19,498 | -1.1 |
| Ontario | 3,143 | 2,933 | 3,462 | 7.2 | -9.2 | 40,348 | 41,240 | -2.2 |
| Bankruptcies | 1,222 | 1,105 | 1,437 | 10.6 | -15.0 | 17,356 | 18,668 | -7.0 |
| Proposals | 1,921 | 1,828 | 2,025 | 5.1 | -5.1 | 22,992 | 22,572 | 1.9 |
| Manitoba | 218 | 170 | 200 | 28.2 | 9.0 | 2,658 | 2,217 | 19.9 |
| Bankruptcies | 102 | 86 | 102 | 18.6 | 0.0 | 1,467 | 1,318 | 11.3 |
| Proposals | 116 | 84 | 98 | 38.1 | 18.4 | 1,191 | 899 | 32.5 |
| Saskatchewan | 250 | 242 | 214 | 3.3 | 16.8 | 3,155 | 2,417 | 30.5 |
| Bankruptcies | 97 | 123 | 102 | -21.1 | -4.9 | 1,530 | 1,289 | 18.7 |
| Proposals | 153 | 119 | 112 | 28.6 | 36.6 | 1,625 | 1,128 | 44.1 |
| Alberta | 1,093 | 1,007 | 1,099 | 8.5 | -0.5 | 13,435 | 10,551 | 27.3 |
| Bankruptcies | 435 | 399 | 491 | 9.0 | -11.4 | 5,496 | 4,638 | 18.5 |
| Proposals | 658 | 608 | 608 | 8.2 | 8.2 | 7,939 | 5,913 | 34.3 |
| British Columbia | 818 | 790 | 1,049 | 3.5 | -22.0 | 10,759 | 11,782 | -8.7 |
| Bankruptcies | 342 | 351 | 469 | -2.6 | -27.1 | 4,700 | 5,653 | -16.9 |
| Proposals | 476 | 439 | 580 | 8.4 | -17.9 | 6,059 | 6,129 | -1.1 |
| Northwest Territories | 2 | 6 | 3 | -66.7 | -33.3 | 64 | 53 | 20.8 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 35 | 29 | 20.7 |
| Proposals | 1 | 5 | 2 | -80.0 | -50.0 | 29 | 24 | 20.8 |
| Yukon | 2 | 1 | 5 | 100.0 | -60.0 | 48 | 38 | 26.3 |
| Bankruptcies | 1 | 0 | 3 | -- | -66.7 | 24 | 17 | 41.2 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 24 | 21 | 14.3 |
| Nunavut | 0 | 0 | 3 | -- | -100.0 | 5 | 9 | -44.4 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 4 | -50.0 |
| Proposals | 0 | 0 | 3 | -- | -100.0 | 3 | 5 | -40.0 |
| Canada | 10,191 | 9,273 | 11,032 | 9.9 | -7.6 | 129,086 | 126,661 | 1.9 |
| Bankruptcies | 4,702 | 4,388 | 5,522 | 7.2 | -14.8 | 65,302 | 66,637 | -2.0 |
| Proposals | 5,489 | 4,885 | 5,510 | 12.4 | -0.4 | 63,784 | 60,024 | 6.3 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2017 | January 2017 | February 2016 | Jan. 2017 to Feb. 2017 | Feb. 2016 to Feb. 2017 | 02-28-2017 | 02-29-2016 | % Change | |
| Newfoundland and Labrador | 182 | 185 | 186 | -1.6 | -2.2 | 2,430 | 1,907 | 27.4 |
| Bankruptcies | 82 | 119 | 125 | -31.1 | -34.4 | 1,519 | 1,520 | -0.1 |
| Proposals | 100 | 66 | 61 | 51.5 | 63.9 | 911 | 387 | 135.4 |
| Prince Edward Island | 59 | 41 | 72 | 43.9 | -18.1 | 776 | 829 | -6.4 |
| Bankruptcies | 28 | 19 | 47 | 47.4 | -40.4 | 469 | 523 | -10.3 |
| Proposals | 31 | 22 | 25 | 40.9 | 24.0 | 307 | 306 | 0.3 |
| Nova Scotia | 381 | 412 | 430 | -7.5 | -11.4 | 5,975 | 5,246 | 13.9 |
| Bankruptcies | 239 | 277 | 301 | -13.7 | -20.6 | 4,162 | 3,694 | 12.7 |
| Proposals | 142 | 135 | 129 | 5.2 | 10.1 | 1,813 | 1,552 | 16.8 |
| New Brunswick | 272 | 288 | 333 | -5.6 | -18.3 | 4,394 | 4,379 | 0.3 |
| Bankruptcies | 158 | 140 | 207 | 12.9 | -23.7 | 2,818 | 2,831 | -0.5 |
| Proposals | 114 | 148 | 126 | -23.0 | -9.5 | 1,576 | 1,548 | 1.8 |
| Quebec | 3,569 | 3,060 | 3,728 | 16.6 | -4.3 | 42,752 | 43,531 | -1.8 |
| Bankruptcies | 1,857 | 1,663 | 2,046 | 11.7 | -9.2 | 24,014 | 24,569 | -2.3 |
| Proposals | 1,712 | 1,397 | 1,682 | 22.5 | 1.8 | 18,738 | 18,962 | -1.2 |
| Ontario | 3,058 | 2,878 | 3,378 | 6.3 | -9.5 | 39,405 | 40,160 | -1.9 |
| Bankruptcies | 1,166 | 1,065 | 1,379 | 9.5 | -15.4 | 16,669 | 17,835 | -6.5 |
| Proposals | 1,892 | 1,813 | 1,999 | 4.4 | -5.4 | 22,736 | 22,325 | 1.8 |
| Manitoba | 215 | 167 | 199 | 28.7 | 8.0 | 2,607 | 2,174 | 19.9 |
| Bankruptcies | 99 | 83 | 102 | 19.3 | -2.9 | 1,431 | 1,288 | 11.1 |
| Proposals | 116 | 84 | 97 | 38.1 | 19.6 | 1,176 | 886 | 32.7 |
| Saskatchewan | 240 | 235 | 207 | 2.1 | 15.9 | 3,039 | 2,296 | 32.4 |
| Bankruptcies | 90 | 117 | 97 | -23.1 | -7.2 | 1,440 | 1,200 | 20.0 |
| Proposals | 150 | 118 | 110 | 27.1 | 36.4 | 1,599 | 1,096 | 45.9 |
| Alberta | 1,081 | 997 | 1,086 | 8.4 | -0.5 | 13,267 | 10,414 | 27.4 |
| Bankruptcies | 426 | 391 | 483 | 9.0 | -11.8 | 5,371 | 4,543 | 18.2 |
| Proposals | 655 | 606 | 603 | 8.1 | 8.6 | 7,896 | 5,871 | 34.5 |
| British Columbia | 800 | 773 | 1,027 | 3.5 | -22.1 | 10,570 | 11,547 | -8.5 |
| Bankruptcies | 326 | 336 | 458 | -3.0 | -28.8 | 4,549 | 5,491 | -17.2 |
| Proposals | 474 | 437 | 569 | 8.5 | -16.7 | 6,021 | 6,056 | -0.6 |
| Northwest Territories | 2 | 6 | 3 | -66.7 | -33.3 | 64 | 53 | 20.8 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 35 | 29 | 20.7 |
| Proposals | 1 | 5 | 2 | -80.0 | -50.0 | 29 | 24 | 20.8 |
| Yukon | 2 | 1 | 5 | 100.0 | -60.0 | 48 | 38 | 26.3 |
| Bankruptcies | 1 | 0 | 3 | -- | -66.7 | 24 | 17 | 41.2 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 24 | 21 | 14.3 |
| Nunavut | 0 | 0 | 3 | -- | -100.0 | 4 | 9 | -55.6 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 4 | -75.0 |
| Proposals | 0 | 0 | 3 | -- | -100.0 | 3 | 5 | -40.0 |
| Canada | 9,861 | 9,043 | 10,657 | 9.0 | -7.5 | 125,331 | 122,583 | 2.2 |
| Bankruptcies | 4,473 | 4,211 | 5,249 | 6.2 | -14.8 | 62,502 | 63,544 | -1.6 |
| Proposals | 5,388 | 4,832 | 5,408 | 11.5 | -0.4 | 62,829 | 59,039 | 6.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2017 | January 2017 | February 2016 | Jan. 2017 to Feb. 2017 | Feb. 2016 to Feb. 2017 | 02-28-2017 | 02-29-2016 | % Change | |
| Newfoundland and Labrador | 2 | 1 | 2 | 100.0 | 0.0 | 28 | 26 | 7.7 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 22 | 20 | 10.0 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 6 | 6 | 0.0 |
| Prince Edward Island | 1 | 1 | 0 | 0.0 | -- | 15 | 14 | 7.1 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 9 | 11 | -18.2 |
| Proposals | 0 | 0 | 0 | -- | -- | 6 | 3 | 100.0 |
| Nova Scotia | 1 | 3 | 3 | -66.7 | -66.7 | 70 | 88 | -20.5 |
| Bankruptcies | 1 | 3 | 3 | -66.7 | -66.7 | 58 | 71 | -18.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 12 | 17 | -29.4 |
| New Brunswick | 1 | 2 | 6 | -50.0 | -83.3 | 53 | 75 | -29.3 |
| Bankruptcies | 1 | 2 | 5 | -50.0 | -80.0 | 42 | 59 | -28.8 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 11 | 16 | -31.3 |
| Quebec | 197 | 131 | 237 | 50.4 | -16.9 | 2,121 | 2,259 | -6.1 |
| Bankruptcies | 133 | 99 | 182 | 34.3 | -26.9 | 1,579 | 1,723 | -8.4 |
| Proposals | 64 | 32 | 55 | 100.0 | 16.4 | 542 | 536 | 1.1 |
| Ontario | 85 | 55 | 84 | 54.5 | 1.2 | 943 | 1,080 | -12.7 |
| Bankruptcies | 56 | 40 | 58 | 40.0 | -3.4 | 687 | 833 | -17.5 |
| Proposals | 29 | 15 | 26 | 93.3 | 11.5 | 256 | 247 | 3.6 |
| Manitoba | 3 | 3 | 1 | 0.0 | 200.0 | 51 | 43 | 18.6 |
| Bankruptcies | 3 | 3 | 0 | 0.0 | -- | 36 | 30 | 20.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 15 | 13 | 15.4 |
| Saskatchewan | 10 | 7 | 7 | 42.9 | 42.9 | 116 | 121 | -4.1 |
| Bankruptcies | 7 | 6 | 5 | 16.7 | 40.0 | 90 | 89 | 1.1 |
| Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 26 | 32 | -18.8 |
| Alberta | 12 | 10 | 13 | 20.0 | -7.7 | 168 | 137 | 22.6 |
| Bankruptcies | 9 | 8 | 8 | 12.5 | 12.5 | 125 | 95 | 31.6 |
| Proposals | 3 | 2 | 5 | 50.0 | -40.0 | 43 | 42 | 2.4 |
| British Columbia | 18 | 17 | 22 | 5.9 | -18.2 | 189 | 235 | -19.6 |
| Bankruptcies | 16 | 15 | 11 | 6.7 | 45.5 | 151 | 162 | -6.8 |
| Proposals | 2 | 2 | 11 | 0.0 | -81.8 | 38 | 73 | -47.9 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 330 | 230 | 375 | 43.5 | -12.0 | 3,755 | 4,078 | -7.9 |
| Bankruptcies | 229 | 177 | 273 | 29.4 | -16.1 | 2,800 | 3,093 | -9.5 |
| Proposals | 101 | 53 | 102 | 90.6 | -1.0 | 955 | 985 | -3.0 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2017 | January 2017 | February 2016 | Jan. 2017 to Feb. 2017 | Feb. 2016 to Feb. 2017 | 02-28-2017 | 02-29-2016 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 3 | 7 | 12 | -57.1 | -75.0 | 81 | 86 | -5.8 |
| Bankruptcies | 2 | 4 | 11 | -50.0 | -81.8 | 54 | 49 | 10.2 |
| Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 27 | 37 | -27.0 |
| Mining and Oil and Gas Extraction | 3 | 1 | 5 | 200.0 | -40.0 | 68 | 45 | 51.1 |
| Bankruptcies | 2 | 0 | 3 | -- | -33.3 | 46 | 35 | 31.4 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 22 | 10 | 120.0 |
| Utilities | 0 | 1 | 2 | -100.0 | -100.0 | 8 | 14 | -42.9 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 4 | 9 | -55.6 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 4 | 5 | -20.0 |
| Construction | 56 | 44 | 60 | 27.3 | -6.7 | 700 | 764 | -8.4 |
| Bankruptcies | 36 | 34 | 48 | 5.9 | -25.0 | 502 | 577 | -13.0 |
| Proposals | 20 | 10 | 12 | 100.0 | 66.7 | 198 | 187 | 5.9 |
| Manufacturing | 35 | 19 | 31 | 84.2 | 12.9 | 293 | 380 | -22.9 |
| Bankruptcies | 23 | 14 | 24 | 64.3 | -4.2 | 207 | 276 | -25.0 |
| Proposals | 12 | 5 | 7 | 140.0 | 71.4 | 86 | 104 | -17.3 |
| Wholesale Trade | 15 | 10 | 14 | 50.0 | 7.1 | 181 | 190 | -4.7 |
| Bankruptcies | 9 | 9 | 7 | 0.0 | 28.6 | 146 | 145 | 0.7 |
| Proposals | 6 | 1 | 7 | 500.0 | -14.3 | 35 | 45 | -22.2 |
| Retail Trade | 52 | 27 | 59 | 92.6 | -11.9 | 433 | 507 | -14.6 |
| Bankruptcies | 40 | 18 | 40 | 122.2 | 0.0 | 319 | 387 | -17.6 |
| Proposals | 12 | 9 | 19 | 33.3 | -36.8 | 114 | 120 | -5.0 |
| Transportation and Warehousing | 18 | 16 | 17 | 12.5 | 5.9 | 230 | 211 | 9.0 |
| Bankruptcies | 9 | 13 | 13 | -30.8 | -30.8 | 175 | 157 | 11.5 |
| Proposals | 9 | 3 | 4 | 200.0 | 125.0 | 55 | 54 | 1.9 |
| Information and Cultural Industries | 6 | 6 | 10 | 0.0 | -40.0 | 69 | 74 | -6.8 |
| Bankruptcies | 2 | 5 | 9 | -60.0 | -77.8 | 51 | 58 | -12.1 |
| Proposals | 4 | 1 | 1 | 300.0 | 300.0 | 18 | 16 | 12.5 |
| Finance and Insurance | 4 | 3 | 4 | 33.3 | 0.0 | 61 | 66 | -7.6 |
| Bankruptcies | 3 | 3 | 3 | 0.0 | 0.0 | 50 | 51 | -2.0 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 11 | 15 | -26.7 |
| Real Estate and Rental and Leasing | 12 | 7 | 13 | 71.4 | -7.7 | 151 | 146 | 3.4 |
| Bankruptcies | 7 | 4 | 6 | 75.0 | 16.7 | 98 | 117 | -16.2 |
| Proposals | 5 | 3 | 7 | 66.7 | -28.6 | 53 | 29 | 82.8 |
| Professional, Scientific and Technical Services | 21 | 16 | 19 | 31.3 | 10.5 | 295 | 279 | 5.7 |
| Bankruptcies | 16 | 13 | 13 | 23.1 | 23.1 | 227 | 217 | 4.6 |
| Proposals | 5 | 3 | 6 | 66.7 | -16.7 | 68 | 62 | 9.7 |
| Management of Companies and Enterprises | 9 | 4 | 6 | 125.0 | 50.0 | 76 | 65 | 16.9 |
| Bankruptcies | 7 | 4 | 6 | 75.0 | 16.7 | 53 | 49 | 8.2 |
| Proposals | 2 | 0 | 0 | -- | -- | 23 | 16 | 43.8 |
| Administrative and Support, Waste Management and Remediation Services | 18 | 13 | 18 | 38.5 | 0.0 | 189 | 203 | -6.9 |
| Bankruptcies | 16 | 10 | 12 | 60.0 | 33.3 | 146 | 153 | -4.6 |
| Proposals | 2 | 3 | 6 | -33.3 | -66.7 | 43 | 50 | -14.0 |
| Educational Services | 7 | 0 | 5 | -- | 40.0 | 34 | 33 | 3.0 |
| Bankruptcies | 6 | 0 | 4 | -- | 50.0 | 22 | 25 | -12.0 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 12 | 8 | 50.0 |
| Health Care and Social Assistance | 6 | 4 | 4 | 50.0 | 50.0 | 70 | 79 | -11.4 |
| Bankruptcies | 4 | 3 | 1 | 33.3 | 300.0 | 54 | 55 | -1.8 |
| Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 16 | 24 | -33.3 |
| Arts, Entertainment and Recreation | 5 | 4 | 9 | 25.0 | -44.4 | 74 | 75 | -1.3 |
| Bankruptcies | 3 | 3 | 9 | 0.0 | -66.7 | 55 | 57 | -3.5 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 19 | 18 | 5.6 |
| Accommodation and Food Services | 44 | 37 | 69 | 18.9 | -36.2 | 573 | 669 | -14.3 |
| Bankruptcies | 34 | 31 | 47 | 9.7 | -27.7 | 455 | 518 | -12.2 |
| Proposals | 10 | 6 | 22 | 66.7 | -54.5 | 118 | 151 | -21.9 |
| Other Services (except Public Administration) | 16 | 11 | 17 | 45.5 | -5.9 | 167 | 186 | -10.2 |
| Bankruptcies | 10 | 8 | 16 | 25.0 | -37.5 | 135 | 152 | -11.2 |
| Proposals | 6 | 3 | 1 | 100.0 | 500.0 | 32 | 34 | -5.9 |
| Public Administration | 0 | 0 | 1 | -- | -100.0 | 2 | 6 | -66.7 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 1 | 6 | -83.3 |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Total | 330 | 230 | 375 | 43.5 | -12.0 | 3,755 | 4,078 | -7.9 |
| Bankruptcies | 229 | 177 | 273 | 29.4 | -16.1 | 2,800 | 3,093 | -9.5 |
| Proposals | 101 | 53 | 102 | 90.6 | -1.0 | 955 | 985 | -3.0 |