Insolvency Statistics in Canada—September 2018
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Insolvency Statistics in Canada
September 2018
300 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% or more of total liabilities as a result of operating a business.
Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.
North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
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.
Volume |
% Change |
12-Month Period Ending |
||||||
|---|---|---|---|---|---|---|---|---|
September 2018 |
August 2018 |
September 2017 |
Aug. 2018 |
Sept. 2017 |
09-30-2018 |
09-30-2017 |
% Change |
|
Newfoundland and Labrador |
222 |
241 |
228 |
-7.9 |
-2.6 |
2,777 |
2,434 |
14.1 |
Bankruptcies |
124 |
120 |
118 |
3.3 |
5.1 |
1,409 |
1,396 |
0.9 |
Proposals |
98 |
121 |
110 |
-19.0 |
-10.9 |
1,368 |
1,038 |
31.8 |
Prince Edward Island |
44 |
62 |
56 |
-29.0 |
-21.4 |
715 |
712 |
0.4 |
Bankruptcies |
26 |
31 |
35 |
-16.1 |
-25.7 |
416 |
432 |
-3.7 |
Proposals |
18 |
31 |
21 |
-41.9 |
-14.3 |
299 |
280 |
6.8 |
Nova Scotia |
443 |
487 |
494 |
-9.0 |
-10.3 |
5,581 |
5,906 |
-5.5 |
Bankruptcies |
296 |
297 |
338 |
-0.3 |
-12.4 |
3,517 |
4,032 |
-12.8 |
Proposals |
147 |
190 |
156 |
-22.6 |
-5.8 |
2,064 |
1,874 |
10.1 |
New Brunswick |
387 |
414 |
349 |
-6.5 |
10.9 |
4,436 |
4,479 |
-1.0 |
Bankruptcies |
201 |
200 |
191 |
0.5 |
5.2 |
2,277 |
2,659 |
-14.4 |
Proposals |
186 |
214 |
158 |
-13.1 |
17.7 |
2,159 |
1,820 |
18.6 |
Quebec |
3,600 |
3,612 |
3,628 |
-0.3 |
-0.8 |
43,744 |
43,681 |
0.1 |
Bankruptcies |
1,878 |
1,928 |
2,050 |
-2.6 |
-8.4 |
22,991 |
24,607 |
-6.6 |
Proposals |
1,722 |
1,684 |
1,578 |
2.3 |
9.1 |
20,753 |
19,074 |
8.8 |
Ontario |
3,083 |
3,294 |
3,183 |
-6.4 |
-3.1 |
39,044 |
39,225 |
-0.5 |
Bankruptcies |
1,220 |
1,248 |
1,333 |
-2.2 |
-8.5 |
15,465 |
16,273 |
-5.0 |
Proposals |
1,863 |
2,046 |
1,850 |
-8.9 |
0.7 |
23,579 |
22,952 |
2.7 |
Manitoba |
234 |
239 |
224 |
-2.1 |
4.5 |
2,771 |
2,604 |
6.4 |
Bankruptcies |
113 |
108 |
120 |
4.6 |
-5.8 |
1,411 |
1,376 |
2.5 |
Proposals |
121 |
131 |
104 |
-7.6 |
16.3 |
1,360 |
1,228 |
10.7 |
Saskatchewan |
296 |
310 |
296 |
-4.5 |
0.0 |
3,415 |
3,220 |
6.1 |
Bankruptcies |
120 |
126 |
108 |
-4.8 |
11.1 |
1,376 |
1,465 |
-6.1 |
Proposals |
176 |
184 |
188 |
-4.3 |
-6.4 |
2,039 |
1,755 |
16.2 |
Alberta |
1,135 |
1,258 |
1,119 |
-9.8 |
1.4 |
14,247 |
13,414 |
6.2 |
Bankruptcies |
352 |
446 |
409 |
-21.1 |
-13.9 |
5,046 |
5,251 |
-3.9 |
Proposals |
783 |
812 |
710 |
-3.6 |
10.3 |
9,201 |
8,163 |
12.7 |
British Columbia |
841 |
832 |
773 |
1.1 |
8.8 |
10,092 |
10,134 |
-0.4 |
Bankruptcies |
351 |
337 |
329 |
4.2 |
6.7 |
4,139 |
4,361 |
-5.1 |
Proposals |
490 |
495 |
444 |
-1.0 |
10.4 |
5,953 |
5,773 |
3.1 |
Northwest Territories |
7 |
8 |
16 |
-12.5 |
-56.3 |
97 |
68 |
42.6 |
Bankruptcies |
6 |
3 |
11 |
100.0 |
-45.5 |
55 |
43 |
27.9 |
Proposals |
1 |
5 |
5 |
-80.0 |
-80.0 |
42 |
25 |
68.0 |
Yukon |
1 |
1 |
2 |
0.0 |
-50.0 |
36 |
33 |
9.1 |
Bankruptcies |
0 |
0 |
0 |
n/a |
n/a |
13 |
16 |
-18.8 |
Proposals |
1 |
1 |
2 |
0.0 |
-50.0 |
23 |
17 |
35.3 |
Nunavut |
1 |
0 |
0 |
n/a |
n/a |
7 |
2 |
250.0 |
Bankruptcies |
0 |
0 |
0 |
n/a |
n/a |
2 |
0 |
n/a |
Proposals |
1 |
0 |
0 |
n/a |
n/a |
5 |
2 |
150.0 |
Canada |
10,294 |
10,758 |
10,368 |
-4.3 |
-0.7 |
126,962 |
125,912 |
0.8 |
Bankruptcies |
4,687 |
4,844 |
5,042 |
-3.2 |
-7.0 |
58,117 |
61,911 |
-6.1 |
Proposals |
5,607 |
5,914 |
5,326 |
-5.2 |
5.3 |
68,845 |
64,001 |
7.6 |
Volume |
% Change |
12-Month Period Ending |
||||||
|---|---|---|---|---|---|---|---|---|
September 2018 |
August 2018 |
September 2017 |
Aug. 2018 |
Sept. 2017 |
09-30-2018 |
09-30-2017 |
% Change |
|
Newfoundland and Labrador |
217 |
240 |
226 |
-9.6 |
-4.0 |
2,753 |
2,398 |
14.8 |
Bankruptcies |
119 |
119 |
116 |
0.0 |
2.6 |
1,391 |
1,369 |
1.6 |
Proposals |
98 |
121 |
110 |
-19.0 |
-10.9 |
1,362 |
1,029 |
32.4 |
Prince Edward Island |
43 |
61 |
55 |
-29.5 |
-21.8 |
711 |
699 |
1.7 |
Bankruptcies |
25 |
31 |
34 |
-19.4 |
-26.5 |
413 |
422 |
-2.1 |
Proposals |
18 |
30 |
21 |
-40.0 |
-14.3 |
298 |
277 |
7.6 |
Nova Scotia |
438 |
479 |
491 |
-8.6 |
-10.8 |
5,532 |
5,849 |
-5.4 |
Bankruptcies |
293 |
293 |
335 |
0.0 |
-12.5 |
3,483 |
3,984 |
-12.6 |
Proposals |
145 |
186 |
156 |
-22.0 |
-7.1 |
2,049 |
1,865 |
9.9 |
New Brunswick |
382 |
412 |
349 |
-7.3 |
9.5 |
4,388 |
4,429 |
-0.9 |
Bankruptcies |
198 |
199 |
191 |
-0.5 |
3.7 |
2,241 |
2,616 |
-14.3 |
Proposals |
184 |
213 |
158 |
-13.6 |
16.5 |
2,147 |
1,813 |
18.4 |
Quebec |
3,426 |
3,454 |
3,469 |
-0.8 |
-1.2 |
41,667 |
41,625 |
0.1 |
Bankruptcies |
1,753 |
1,803 |
1,933 |
-2.8 |
-9.3 |
21,435 |
23,045 |
-7.0 |
Proposals |
1,673 |
1,651 |
1,536 |
1.3 |
8.9 |
20,232 |
18,580 |
8.9 |
Ontario |
3,012 |
3,226 |
3,125 |
-6.6 |
-3.6 |
38,131 |
38,351 |
-0.6 |
Bankruptcies |
1,166 |
1,202 |
1,294 |
-3.0 |
-9.9 |
14,794 |
15,638 |
-5.4 |
Proposals |
1,846 |
2,024 |
1,831 |
-8.8 |
0.8 |
23,337 |
22,713 |
2.7 |
Manitoba |
230 |
237 |
223 |
-3.0 |
3.1 |
2,738 |
2,561 |
6.9 |
Bankruptcies |
109 |
107 |
120 |
1.9 |
-9.2 |
1,382 |
1,344 |
2.8 |
Proposals |
121 |
130 |
103 |
-6.9 |
17.5 |
1,356 |
1,217 |
11.4 |
Saskatchewan |
287 |
304 |
292 |
-5.6 |
-1.7 |
3,301 |
3,099 |
6.5 |
Bankruptcies |
113 |
124 |
104 |
-8.9 |
8.7 |
1,299 |
1,375 |
-5.5 |
Proposals |
174 |
180 |
188 |
-3.3 |
-7.4 |
2,002 |
1,724 |
16.1 |
Alberta |
1,124 |
1,233 |
1,111 |
-8.8 |
1.2 |
14,045 |
13,208 |
6.3 |
Bankruptcies |
348 |
423 |
404 |
-17.7 |
-13.9 |
4,899 |
5,111 |
-4.1 |
Proposals |
776 |
810 |
707 |
-4.2 |
9.8 |
9,146 |
8,097 |
13.0 |
British Columbia |
837 |
824 |
763 |
1.6 |
9.7 |
9,985 |
9,975 |
0.1 |
Bankruptcies |
347 |
331 |
320 |
4.8 |
8.4 |
4,061 |
4,230 |
-4.0 |
Proposals |
490 |
493 |
443 |
-0.6 |
10.6 |
5,924 |
5,745 |
3.1 |
Northwest Territories |
7 |
8 |
16 |
-12.5 |
-56.3 |
97 |
67 |
44.8 |
Bankruptcies |
6 |
3 |
11 |
100.0 |
-45.5 |
55 |
42 |
31.0 |
Proposals |
1 |
5 |
5 |
-80.0 |
-80.0 |
42 |
25 |
68.0 |
Yukon |
1 |
1 |
2 |
0.0 |
-50.0 |
36 |
33 |
9.1 |
Bankruptcies |
0 |
0 |
0 |
n/a |
n/a |
13 |
16 |
-18.8 |
Proposals |
1 |
1 |
2 |
0.0 |
-50.0 |
23 |
17 |
35.3 |
Nunavut |
1 |
0 |
0 |
n/a |
n/a |
7 |
2 |
250.0 |
Bankruptcies |
0 |
0 |
0 |
n/a |
n/a |
2 |
0 |
n/a |
Proposals |
1 |
0 |
0 |
n/a |
n/a |
5 |
2 |
150.0 |
Canada |
10,005 |
10,479 |
10,122 |
-4.5 |
-1.2 |
123,391 |
122,296 |
0.9 |
Bankruptcies |
4,477 |
4,635 |
4,862 |
-3.4 |
-7.9 |
55,468 |
59,192 |
-6.3 |
Proposals |
5,528 |
5,844 |
5,260 |
-5.4 |
5.1 |
67,923 |
63,104 |
7.6 |
Volume |
% Change |
12-Month Period Ending |
||||||
|---|---|---|---|---|---|---|---|---|
September 2018 |
August 2018 |
September 2017 |
Aug. 2018 |
Sept. 2017 |
09-30-2018 |
09-30-2017 |
% Change |
|
Newfoundland and Labrador |
5 |
1 |
2 |
400.0 |
150.0 |
24 |
36 |
-33.3 |
Bankruptcies |
5 |
1 |
2 |
400.0 |
150.0 |
18 |
27 |
-33.3 |
Proposals |
0 |
0 |
0 |
n/a |
n/a |
6 |
9 |
-33.3 |
Prince Edward Island |
1 |
1 |
1 |
0.0 |
0.0 |
4 |
13 |
-69.2 |
Bankruptcies |
1 |
0 |
1 |
n/a |
0.0 |
3 |
10 |
-70.0 |
Proposals |
0 |
1 |
0 |
-100.0 |
n/a |
1 |
3 |
-66.7 |
Nova Scotia |
5 |
8 |
3 |
-37.5 |
66.7 |
49 |
57 |
-14.0 |
Bankruptcies |
3 |
4 |
3 |
-25.0 |
0.0 |
34 |
48 |
-29.2 |
Proposals |
2 |
4 |
0 |
-50.0 |
n/a |
15 |
9 |
66.7 |
New Brunswick |
5 |
2 |
0 |
150.0 |
n/a |
48 |
50 |
-4.0 |
Bankruptcies |
3 |
1 |
0 |
200.0 |
n/a |
36 |
43 |
-16.3 |
Proposals |
2 |
1 |
0 |
100.0 |
n/a |
12 |
7 |
71.4 |
Quebec |
174 |
158 |
159 |
10.1 |
9.4 |
2,077 |
2,056 |
1.0 |
Bankruptcies |
125 |
125 |
117 |
0.0 |
6.8 |
1,556 |
1,562 |
-0.4 |
Proposals |
49 |
33 |
42 |
48.5 |
16.7 |
521 |
494 |
5.5 |
Ontario |
71 |
68 |
58 |
4.4 |
22.4 |
913 |
874 |
4.5 |
Bankruptcies |
54 |
46 |
39 |
17.4 |
38.5 |
671 |
635 |
5.7 |
Proposals |
17 |
22 |
19 |
-22.7 |
-10.5 |
242 |
239 |
1.3 |
Manitoba |
4 |
2 |
1 |
100.0 |
300.0 |
33 |
43 |
-23.3 |
Bankruptcies |
4 |
1 |
0 |
300.0 |
n/a |
29 |
32 |
-9.4 |
Proposals |
0 |
1 |
1 |
-100.0 |
-100.0 |
4 |
11 |
-63.6 |
Saskatchewan |
9 |
6 |
4 |
50.0 |
125.0 |
114 |
121 |
-5.8 |
Bankruptcies |
7 |
2 |
4 |
250.0 |
75.0 |
77 |
90 |
-14.4 |
Proposals |
2 |
4 |
0 |
-50.0 |
n/a |
37 |
31 |
19.4 |
Alberta |
11 |
25 |
8 |
-56.0 |
37.5 |
202 |
206 |
-1.9 |
Bankruptcies |
4 |
23 |
5 |
-82.6 |
-20.0 |
147 |
140 |
5.0 |
Proposals |
7 |
2 |
3 |
250.0 |
133.3 |
55 |
66 |
-16.7 |
British Columbia |
4 |
8 |
10 |
-50.0 |
-60.0 |
107 |
159 |
-32.7 |
Bankruptcies |
4 |
6 |
9 |
-33.3 |
-55.6 |
78 |
131 |
-40.5 |
Proposals |
0 |
2 |
1 |
-100.0 |
-100.0 |
29 |
28 |
3.6 |
Northwest Territories |
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 |
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 |
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 |
Canada |
289 |
279 |
246 |
3.6 |
17.5 |
3,571 |
3,616 |
-1.2 |
Bankruptcies |
210 |
209 |
180 |
0.5 |
16.7 |
2,649 |
2,719 |
-2.6 |
Proposals |
79 |
70 |
66 |
12.9 |
19.7 |
922 |
897 |
2.8 |
Volume |
% Change |
12-Month Period Ending |
||||||
|---|---|---|---|---|---|---|---|---|
September 2018 |
August 2018 |
September 2017 |
Aug. 2018 |
Sept. 2017 |
09-30-2018 |
09-30-2017 |
% Change |
|
| Agriculture, Forestry, Fishing and Hunting |
7 |
7 |
7 |
0.0 |
0.0 |
68 |
86 |
-20.9 |
Bankruptcies |
4 |
3 |
3 |
33.3 |
33.3 |
46 |
64 |
-28.1 |
Proposals |
3 |
4 |
4 |
-25.0 |
-25.0 |
22 |
22 |
0.0 |
Mining and Oil and Gas Extraction |
0 |
2 |
1 |
-100.0 |
-100.0 |
29 |
63 |
-54.0 |
Bankruptcies |
0 |
1 |
1 |
-100.0 |
-100.0 |
18 |
46 |
-60.9 |
Proposals |
0 |
1 |
0 |
-100.0 |
n/a |
11 |
17 |
-35.3 |
Utilities |
1 |
0 |
0 |
n/a |
n/a |
8 |
8 |
0.0 |
Bankruptcies |
0 |
0 |
0 |
n/a |
n/a |
6 |
6 |
0.0 |
Proposals |
1 |
0 |
0 |
n/a |
n/a |
2 |
2 |
0.0 |
Construction |
62 |
47 |
48 |
31.9 |
29.2 |
716 |
658 |
8.8 |
Bankruptcies |
45 |
35 |
36 |
28.6 |
25.0 |
510 |
481 |
6.0 |
Proposals |
17 |
12 |
12 |
41.7 |
41.7 |
206 |
177 |
16.4 |
Manufacturing |
29 |
25 |
22 |
16.0 |
31.8 |
315 |
320 |
-1.6 |
Bankruptcies |
20 |
23 |
12 |
-13.0 |
66.7 |
217 |
224 |
-3.1 |
Proposals |
9 |
2 |
10 |
350.0 |
-10.0 |
98 |
96 |
2.1 |
Wholesale Trade |
15 |
13 |
11 |
15.4 |
36.4 |
163 |
178 |
-8.4 |
Bankruptcies |
8 |
12 |
10 |
-33.3 |
-20.0 |
121 |
132 |
-8.3 |
Proposals |
7 |
1 |
1 |
600.0 |
600.0 |
42 |
46 |
-8.7 |
Retail Trade |
35 |
36 |
26 |
-2.8 |
34.6 |
399 |
392 |
1.8 |
Bankruptcies |
27 |
28 |
22 |
-3.6 |
22.7 |
321 |
295 |
8.8 |
Proposals |
8 |
8 |
4 |
0.0 |
100.0 |
78 |
97 |
-19.6 |
Transportation and Warehousing |
21 |
17 |
16 |
23.5 |
31.3 |
224 |
240 |
-6.7 |
Bankruptcies |
16 |
9 |
12 |
77.8 |
33.3 |
170 |
186 |
-8.6 |
Proposals |
5 |
8 |
4 |
-37.5 |
25.0 |
54 |
54 |
0.0 |
Information and Cultural Industries |
4 |
3 |
7 |
33.3 |
-42.9 |
57 |
72 |
-20.8 |
Bankruptcies |
4 |
1 |
5 |
300.0 |
-20.0 |
46 |
49 |
-6.1 |
Proposals |
0 |
2 |
2 |
-100.0 |
-100.0 |
11 |
23 |
-52.2 |
Finance and Insurance |
3 |
7 |
3 |
-57.1 |
0.0 |
58 |
60 |
-3.3 |
Bankruptcies |
3 |
5 |
3 |
-40.0 |
0.0 |
42 |
51 |
-17.6 |
Proposals |
0 |
2 |
0 |
-100.0 |
n/a |
16 |
9 |
77.8 |
Real Estate and Rental and Leasing |
12 |
13 |
13 |
-7.7 |
-7.7 |
136 |
141 |
-3.5 |
Bankruptcies |
6 |
6 |
10 |
0.0 |
-40.0 |
103 |
98 |
5.1 |
Proposals |
6 |
7 |
3 |
-14.3 |
100.0 |
33 |
43 |
-23.3 |
Professional, Scientific and Technical Service |
12 |
13 |
22 |
-7.7 |
-45.5 |
248 |
268 |
-7.5 |
Bankruptcies |
9 |
10 |
17 |
-10.0 |
-47.1 |
185 |
212 |
-12.7 |
Proposals |
3 |
3 |
5 |
0.0 |
-40.0 |
63 |
56 |
12.5 |
Management of Companies and Enterprises |
5 |
5 |
7 |
0.0 |
-28.6 |
84 |
76 |
10.5 |
Bankruptcies |
4 |
5 |
7 |
-20.0 |
-42.9 |
66 |
60 |
10.0 |
Proposals |
1 |
0 |
0 |
n/a |
n/a |
18 |
16 |
12.5 |
Administrative and Support, Waste Management and Remediation Services |
15 |
11 |
8 |
36.4 |
87.5 |
151 |
171 |
-11.7 |
Bankruptcies |
10 |
4 |
5 |
150.0 |
100.0 |
108 |
130 |
-16.9 |
Proposals |
5 |
7 |
3 |
-28.6 |
66.7 |
43 |
41 |
4.9 |
Educational Services |
0 |
5 |
0 |
-100.0 |
n/a |
28 |
38 |
-26.3 |
Bankruptcies |
0 |
4 |
0 |
-100.0 |
n/a |
21 |
32 |
-34.4 |
Proposals |
0 |
1 |
0 |
-100.0 |
n/a |
7 |
6 |
16.7 |
Health Care and Social Assistance |
6 |
8 |
3 |
-25.0 |
100.0 |
81 |
76 |
6.6 |
Bankruptcies |
6 |
7 |
2 |
-14.3 |
200.0 |
58 |
58 |
0.0 |
Proposals |
0 |
1 |
1 |
-100.0 |
-100.0 |
23 |
18 |
27.8 |
Arts, Entertainment and Recreation |
8 |
3 |
5 |
166.7 |
60.0 |
82 |
73 |
12.3 |
Bankruptcies |
6 |
2 |
1 |
200.0 |
500.0 |
65 |
51 |
27.5 |
Proposals |
2 |
1 |
4 |
100.0 |
-50.0 |
17 |
22 |
-22.7 |
Accommodation and Food Services |
37 |
47 |
34 |
-21.3 |
8.8 |
543 |
521 |
4.2 |
Bankruptcies |
30 |
40 |
22 |
-25.0 |
36.4 |
402 |
401 |
0.2 |
Proposals |
7 |
7 |
12 |
0.0 |
-41.7 |
141 |
120 |
17.5 |
Other Services (except Public Administration) |
17 |
17 |
12 |
0.0 |
41.7 |
178 |
169 |
5.3 |
Bankruptcies |
12 |
14 |
11 |
-14.3 |
9.1 |
142 |
139 |
2.2 |
Proposals |
5 |
3 |
1 |
66.7 |
400.0 |
36 |
30 |
20.0 |
Public Administration |
0 |
0 |
1 |
n/a |
-100.0 |
3 |
6 |
-50.0 |
Bankruptcies |
0 |
0 |
1 |
n/a |
-100.0 |
2 |
4 |
-50.0 |
Proposals |
0 |
0 |
0 |
n/a |
n/a |
1 |
2 |
-50.0 |
Total |
289 |
279 |
246 |
3.6 |
17.5 |
3,571 |
3,616 |
-1.2 |
Bankruptcies |
210 |
209 |
180 |
0.5 |
16.7 |
2,649 |
2,719 |
-2.6 |
Proposals |
79 |
70 |
66 |
12.9 |
19.7 |
922 |
897 |
2.8 |
- Date modified: