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Insolvency Statistics in Canada
August 2015
735 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 | |||||
|---|---|---|---|---|---|---|---|---|
| August 2015 | July 2015 | August 2014 | Jul. 2015 to Aug. 2015 | Aug. 2014 to Aug. 2015 | 08-31-2015 | 08-31-2014 | % Change | |
| Newfoundland and Labrador | 156 | 155 | 128 | 0.6 | 21.9 | 1,722 | 1,575 | 9.3 |
| Bankruptcies | 126 | 137 | 103 | -8.0 | 22.3 | 1,449 | 1,399 | 3.6 |
| Proposals | 30 | 18 | 25 | 66.7 | 20.0 | 273 | 176 | 55.1 |
| Prince Edward Island | 61 | 84 | 82 | -27.4 | -25.6 | 779 | 727 | 7.2 |
| Bankruptcies | 39 | 55 | 61 | -29.1 | -36.1 | 503 | 508 | -1.0 |
| Proposals | 22 | 29 | 21 | -24.1 | 4.8 | 276 | 219 | 26.0 |
| Nova Scotia | 381 | 457 | 396 | -16.6 | -3.8 | 5,289 | 5,096 | 3.8 |
| Bankruptcies | 260 | 322 | 283 | -19.3 | -8.1 | 3,748 | 3,605 | 4.0 |
| Proposals | 121 | 135 | 113 | -10.4 | 7.1 | 1,541 | 1,491 | 3.4 |
| New Brunswick | 385 | 402 | 398 | -4.2 | -3.3 | 4,466 | 4,240 | 5.3 |
| Bankruptcies | 249 | 268 | 276 | -7.1 | -9.8 | 2,992 | 2,958 | 1.1 |
| Proposals | 136 | 134 | 122 | 1.5 | 11.5 | 1,474 | 1,282 | 15.0 |
| Quebec | 3,319 | 3,867 | 3,461 | -14.2 | -4.1 | 45,740 | 42,916 | 6.6 |
| Bankruptcies | 1,973 | 2,137 | 2,022 | -7.7 | -2.4 | 26,215 | 26,072 | 0.5 |
| Proposals | 1,346 | 1,730 | 1,439 | -22.2 | -6.5 | 19,525 | 16,844 | 15.9 |
| Ontario | 3,103 | 3,420 | 3,132 | -9.3 | -0.9 | 41,378 | 43,069 | -3.9 |
| Bankruptcies | 1,434 | 1,549 | 1,487 | -7.4 | -3.6 | 19,359 | 20,774 | -6.8 |
| Proposals | 1,669 | 1,871 | 1,645 | -10.8 | 1.5 | 22,019 | 22,295 | -1.2 |
| Manitoba | 161 | 202 | 166 | -20.3 | -3.0 | 2,095 | 1,903 | 10.1 |
| Bankruptcies | 98 | 119 | 97 | -17.6 | 1.0 | 1,343 | 1,222 | 9.9 |
| Proposals | 63 | 83 | 69 | -24.1 | -8.7 | 752 | 681 | 10.4 |
| Saskatchewan | 196 | 205 | 163 | -4.4 | 20.2 | 2,167 | 2,000 | 8.4 |
| Bankruptcies | 102 | 105 | 85 | -2.9 | 20.0 | 1,160 | 1,176 | -1.4 |
| Proposals | 94 | 100 | 78 | -6.0 | 20.5 | 1,007 | 824 | 22.2 |
| Alberta | 756 | 830 | 644 | -8.9 | 17.4 | 9,104 | 8,273 | 10.0 |
| Bankruptcies | 337 | 358 | 300 | -5.9 | 12.3 | 4,089 | 4,135 | -1.1 |
| Proposals | 419 | 472 | 344 | -11.2 | 21.8 | 5,015 | 4,138 | 21.2 |
| British Columbia | 955 | 1,021 | 844 | -6.5 | 13.2 | 11,768 | 11,733 | 0.3 |
| Bankruptcies | 449 | 488 | 454 | -8.0 | -1.1 | 6,010 | 6,938 | -13.4 |
| Proposals | 506 | 533 | 390 | -5.1 | 29.7 | 5,758 | 4,795 | 20.1 |
| Northwest Territories | 3 | 4 | 5 | -25.0 | -40.0 | 42 | 53 | -20.8 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 22 | 28 | -21.4 |
| Proposals | 2 | 3 | 4 | -33.3 | -50.0 | 20 | 25 | -20.0 |
| Yukon | 5 | 4 | 3 | 25.0 | 66.7 | 37 | 40 | -7.5 |
| Bankruptcies | 3 | 2 | 3 | 50.0 | 0.0 | 16 | 27 | -40.7 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 21 | 13 | 61.5 |
| Nunavut | 0 | 0 | 1 | -- | -100.0 | 5 | 6 | -16.7 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 1 | 3 | -66.7 |
| Canada | 9,481 | 10,651 | 9,423 | -11.0 | 0.6 | 124,592 | 121,631 | 2.4 |
| Bankruptcies | 5,071 | 5,541 | 5,172 | -8.5 | -2.0 | 66,910 | 68,845 | -2.8 |
| Proposals | 4,410 | 5,110 | 4,251 | -13.7 | 3.7 | 57,682 | 52,786 | 9.3 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2015 | July 2015 | August 2014 | Jul. 2015 to Aug. 2015 | Aug. 2014 to Aug. 2015 | 08-31-2015 | 08-31-2014 | % Change | |
| Newfoundland and Labrador | 153 | 155 | 126 | -1.3 | 21.4 | 1,694 | 1,552 | 9.1 |
| Bankruptcies | 124 | 137 | 101 | -9.5 | 22.8 | 1,424 | 1,379 | 3.3 |
| Proposals | 29 | 18 | 25 | 61.1 | 16.0 | 270 | 173 | 56.1 |
| Prince Edward Island | 61 | 82 | 82 | -25.6 | -25.6 | 762 | 704 | 8.2 |
| Bankruptcies | 39 | 54 | 61 | -27.8 | -36.1 | 490 | 491 | -0.2 |
| Proposals | 22 | 28 | 21 | -21.4 | 4.8 | 272 | 213 | 27.7 |
| Nova Scotia | 378 | 451 | 389 | -16.2 | -2.8 | 5,204 | 5,006 | 4.0 |
| Bankruptcies | 257 | 316 | 279 | -18.7 | -7.9 | 3,687 | 3,546 | 4.0 |
| Proposals | 121 | 135 | 110 | -10.4 | 10.0 | 1,517 | 1,460 | 3.9 |
| New Brunswick | 381 | 394 | 397 | -3.3 | -4.0 | 4,384 | 4,154 | 5.5 |
| Bankruptcies | 246 | 261 | 275 | -5.7 | -10.5 | 2,933 | 2,890 | 1.5 |
| Proposals | 135 | 133 | 122 | 1.5 | 10.7 | 1,451 | 1,264 | 14.8 |
| Quebec | 3,190 | 3,707 | 3,301 | -13.9 | -3.4 | 43,423 | 40,681 | 6.7 |
| Bankruptcies | 1,869 | 2,016 | 1,908 | -7.3 | -2.0 | 24,527 | 24,424 | 0.4 |
| Proposals | 1,321 | 1,691 | 1,393 | -21.9 | -5.2 | 18,896 | 16,257 | 16.2 |
| Ontario | 3,026 | 3,317 | 3,041 | -8.8 | -0.5 | 40,215 | 41,957 | -4.2 |
| Bankruptcies | 1,376 | 1,469 | 1,413 | -6.3 | -2.6 | 18,459 | 19,923 | -7.3 |
| Proposals | 1,650 | 1,848 | 1,628 | -10.7 | 1.4 | 21,756 | 22,034 | -1.3 |
| Manitoba | 155 | 198 | 162 | -21.7 | -4.3 | 2,056 | 1,838 | 11.9 |
| Bankruptcies | 93 | 118 | 96 | -21.2 | -3.1 | 1,315 | 1,169 | 12.5 |
| Proposals | 62 | 80 | 66 | -22.5 | -6.1 | 741 | 669 | 10.8 |
| Saskatchewan | 184 | 195 | 155 | -5.6 | 18.7 | 2,071 | 1,874 | 10.5 |
| Bankruptcies | 92 | 97 | 81 | -5.2 | 13.6 | 1,092 | 1,103 | -1.0 |
| Proposals | 92 | 98 | 74 | -6.1 | 24.3 | 979 | 771 | 27.0 |
| Alberta | 743 | 824 | 629 | -9.8 | 18.1 | 8,963 | 8,109 | 10.5 |
| Bankruptcies | 333 | 353 | 289 | -5.7 | 15.2 | 3,988 | 4,018 | -0.7 |
| Proposals | 410 | 471 | 340 | -13.0 | 20.6 | 4,975 | 4,091 | 21.6 |
| British Columbia | 942 | 1,007 | 823 | -6.5 | 14.5 | 11,578 | 11,465 | 1.0 |
| Bankruptcies | 438 | 476 | 438 | -8.0 | 0.0 | 5,868 | 6,731 | -12.8 |
| Proposals | 504 | 531 | 385 | -5.1 | 30.9 | 5,710 | 4,734 | 20.6 |
| Northwest Territories | 3 | 4 | 5 | -25.0 | -40.0 | 42 | 53 | -20.8 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 22 | 28 | -21.4 |
| Proposals | 2 | 3 | 4 | -33.3 | -50.0 | 20 | 25 | -20.0 |
| Yukon | 5 | 4 | 3 | 25.0 | 66.7 | 36 | 40 | -10.0 |
| Bankruptcies | 3 | 2 | 3 | 50.0 | 0.0 | 16 | 27 | -40.7 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 20 | 13 | 53.8 |
| Nunavut | 0 | 0 | 1 | -- | -100.0 | 4 | 6 | -33.3 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 3 | 0.0 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 1 | 3 | -66.7 |
| Canada | 9,221 | 10,338 | 9,114 | -10.8 | 1.2 | 120,432 | 117,439 | 2.5 |
| Bankruptcies | 4,871 | 5,300 | 4,945 | -8.1 | -1.5 | 63,824 | 65,732 | -2.9 |
| Proposals | 4,350 | 5,038 | 4,169 | -13.7 | 4.3 | 56,608 | 51,707 | 9.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2015 | July 2015 | August 2014 | Jul. 2015 to Aug. 2015 | Aug. 2014 to Aug. 2015 | 08-31-2015 | 08-31-2014 | % Change | |
| Newfoundland and Labrador | 3 | 0 | 2 | -- | 50.0 | 28 | 23 | 21.7 |
| Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 25 | 20 | 25.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 3 | 0.0 |
| Prince Edward Island | 0 | 2 | 0 | -100.0 | -- | 17 | 23 | -26.1 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 13 | 17 | -23.5 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 4 | 6 | -33.3 |
| Nova Scotia | 3 | 6 | 7 | -50.0 | -57.1 | 85 | 90 | -5.6 |
| Bankruptcies | 3 | 6 | 4 | -50.0 | -25.0 | 61 | 59 | 3.4 |
| Proposals | 0 | 0 | 3 | -- | -100.0 | 24 | 31 | -22.6 |
| New Brunswick | 4 | 8 | 1 | -50.0 | 300.0 | 82 | 86 | -4.7 |
| Bankruptcies | 3 | 7 | 1 | -57.1 | 200.0 | 59 | 68 | -13.2 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 23 | 18 | 27.8 |
| Quebec | 129 | 160 | 160 | -19.4 | -19.4 | 2,317 | 2,235 | 3.7 |
| Bankruptcies | 104 | 121 | 114 | -14.0 | -8.8 | 1,688 | 1,648 | 2.4 |
| Proposals | 25 | 39 | 46 | -35.9 | -45.7 | 629 | 587 | 7.2 |
| Ontario | 77 | 103 | 91 | -25.2 | -15.4 | 1,163 | 1,112 | 4.6 |
| Bankruptcies | 58 | 80 | 74 | -27.5 | -21.6 | 900 | 851 | 5.8 |
| Proposals | 19 | 23 | 17 | -17.4 | 11.8 | 263 | 261 | 0.8 |
| Manitoba | 6 | 4 | 4 | 50.0 | 50.0 | 39 | 65 | -40.0 |
| Bankruptcies | 5 | 1 | 1 | 400.0 | 400.0 | 28 | 53 | -47.2 |
| Proposals | 1 | 3 | 3 | -66.7 | -66.7 | 11 | 12 | -8.3 |
| Saskatchewan | 12 | 10 | 8 | 20.0 | 50.0 | 96 | 126 | -23.8 |
| Bankruptcies | 10 | 8 | 4 | 25.0 | 150.0 | 68 | 73 | -6.8 |
| Proposals | 2 | 2 | 4 | 0.0 | -50.0 | 28 | 53 | -47.2 |
| Alberta | 13 | 6 | 15 | 116.7 | -13.3 | 141 | 164 | -14.0 |
| Bankruptcies | 4 | 5 | 11 | -20.0 | -63.6 | 101 | 117 | -13.7 |
| Proposals | 9 | 1 | 4 | 800.0 | 125.0 | 40 | 47 | -14.9 |
| British Columbia | 13 | 14 | 21 | -7.1 | -38.1 | 190 | 268 | -29.1 |
| Bankruptcies | 11 | 12 | 16 | -8.3 | -31.3 | 142 | 207 | -31.4 |
| Proposals | 2 | 2 | 5 | 0.0 | -60.0 | 48 | 61 | -21.3 |
| 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 | 260 | 313 | 309 | -16.9 | -15.9 | 4,160 | 4,192 | -0.8 |
| Bankruptcies | 200 | 241 | 227 | -17.0 | -11.9 | 3,086 | 3,113 | -0.9 |
| Proposals | 60 | 72 | 82 | -16.7 | -26.8 | 1,074 | 1,079 | -0.5 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2015 | July 2015 | August 2014 | Jul. 2015 to Aug. 2015 | Aug. 2014 to Aug. 2015 | 08-31-2015 | 08-31-2014 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 2 | 7 | 8 | -71.4 | -75.0 | 79 | 114 | -30.7 |
| Bankruptcies | 1 | 5 | 2 | -80.0 | -50.0 | 42 | 79 | -46.8 |
| Proposals | 1 | 2 | 6 | -50.0 | -83.3 | 37 | 35 | 5.7 |
| Mining and Oil and Gas Extraction | 2 | 2 | 3 | 0.0 | -33.3 | 37 | 40 | -7.5 |
| Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 21 | 19 | 10.5 |
| Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 16 | 21 | -23.8 |
| Utilities | 0 | 4 | 1 | -100.0 | -100.0 | 13 | 14 | -7.1 |
| Bankruptcies | 0 | 2 | 1 | -100.0 | -100.0 | 9 | 9 | 0.0 |
| Proposals | 0 | 2 | 0 | -100.0 | -- | 4 | 5 | -20.0 |
| Construction | 43 | 53 | 49 | -18.9 | -12.2 | 722 | 737 | -2.0 |
| Bankruptcies | 32 | 44 | 35 | -27.3 | -8.6 | 524 | 550 | -4.7 |
| Proposals | 11 | 9 | 14 | 22.2 | -21.4 | 198 | 187 | 5.9 |
| Manufacturing | 24 | 25 | 21 | -4.0 | 14.3 | 379 | 396 | -4.3 |
| Bankruptcies | 18 | 16 | 18 | 12.5 | 0.0 | 259 | 287 | -9.8 |
| Proposals | 6 | 9 | 3 | -33.3 | 100.0 | 120 | 109 | 10.1 |
| Wholesale Trade | 14 | 18 | 17 | -22.2 | -17.6 | 218 | 236 | -7.6 |
| Bankruptcies | 9 | 15 | 13 | -40.0 | -30.8 | 155 | 157 | -1.3 |
| Proposals | 5 | 3 | 4 | 66.7 | 25.0 | 63 | 79 | -20.3 |
| Retail Trade | 32 | 38 | 38 | -15.8 | -15.8 | 492 | 512 | -3.9 |
| Bankruptcies | 29 | 30 | 29 | -3.3 | 0.0 | 377 | 398 | -5.3 |
| Proposals | 3 | 8 | 9 | -62.5 | -66.7 | 115 | 114 | 0.9 |
| Transportation and Warehousing | 12 | 14 | 23 | -14.3 | -47.8 | 260 | 242 | 7.4 |
| Bankruptcies | 7 | 12 | 18 | -41.7 | -61.1 | 167 | 192 | -13.0 |
| Proposals | 5 | 2 | 5 | 150.0 | 0.0 | 93 | 50 | 86.0 |
| Information and Cultural Industries | 3 | 4 | 5 | -25.0 | -40.0 | 76 | 54 | 40.7 |
| Bankruptcies | 2 | 4 | 4 | -50.0 | -50.0 | 53 | 36 | 47.2 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 23 | 18 | 27.8 |
| Finance and Insurance | 3 | 5 | 9 | -40.0 | -66.7 | 83 | 75 | 10.7 |
| Bankruptcies | 3 | 3 | 7 | 0.0 | -57.1 | 63 | 55 | 14.5 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 20 | 20 | 0.0 |
| Real Estate and Rental and Leasing | 11 | 9 | 6 | 22.2 | 83.3 | 125 | 148 | -15.5 |
| Bankruptcies | 8 | 9 | 4 | -11.1 | 100.0 | 101 | 106 | -4.7 |
| Proposals | 3 | 0 | 2 | -- | 50.0 | 24 | 42 | -42.9 |
| Professional, Scientific and Technical Services | 25 | 24 | 18 | 4.2 | 38.9 | 311 | 294 | 5.8 |
| Bankruptcies | 17 | 20 | 17 | -15.0 | 0.0 | 248 | 223 | 11.2 |
| Proposals | 8 | 4 | 1 | 100.0 | 700.0 | 63 | 71 | -11.3 |
| Management of Companies and Enterprises | 1 | 5 | 5 | -80.0 | -80.0 | 57 | 59 | -3.4 |
| Bankruptcies | 1 | 3 | 4 | -66.7 | -75.0 | 39 | 43 | -9.3 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 18 | 16 | 12.5 |
| Administrative and Support, Waste Management and Remediation Services | 13 | 23 | 17 | -43.5 | -23.5 | 213 | 199 | 7.0 |
| Bankruptcies | 9 | 18 | 15 | -50.0 | -40.0 | 159 | 142 | 12.0 |
| Proposals | 4 | 5 | 2 | -20.0 | 100.0 | 54 | 57 | -5.3 |
| Educational Services | 2 | 0 | 5 | -- | -60.0 | 36 | 48 | -25.0 |
| Bankruptcies | 2 | 0 | 3 | -- | -33.3 | 31 | 42 | -26.2 |
| Proposals | 0 | 0 | 2 | -- | -100.0 | 5 | 6 | -16.7 |
| Health Care and Social Assistance | 6 | 8 | 4 | -25.0 | 50.0 | 97 | 83 | 16.9 |
| Bankruptcies | 4 | 2 | 2 | 100.0 | 100.0 | 67 | 61 | 9.8 |
| Proposals | 2 | 6 | 2 | -66.7 | 0.0 | 30 | 22 | 36.4 |
| Arts, Entertainment and Recreation | 5 | 6 | 6 | -16.7 | -16.7 | 80 | 78 | 2.6 |
| Bankruptcies | 4 | 5 | 5 | -20.0 | -20.0 | 59 | 66 | -10.6 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 21 | 12 | 75.0 |
| Accommodation and Food Services | 48 | 58 | 61 | -17.2 | -21.3 | 677 | 635 | 6.6 |
| Bankruptcies | 40 | 43 | 38 | -7.0 | 5.3 | 548 | 463 | 18.4 |
| Proposals | 8 | 15 | 23 | -46.7 | -65.2 | 129 | 172 | -25.0 |
| Other Services (except Public Administration) | 13 | 10 | 13 | 30.0 | 0.0 | 203 | 227 | -10.6 |
| Bankruptcies | 12 | 10 | 11 | 20.0 | 9.1 | 162 | 184 | -12.0 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 41 | 43 | -4.7 |
| Public Administration | 1 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 2 | 1 | 100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 260 | 313 | 309 | -16.9 | -15.9 | 4,160 | 4,192 | -0.8 |
| Bankruptcies | 200 | 241 | 227 | -17.0 | -11.9 | 3,086 | 3,113 | -0.9 |
| Proposals | 60 | 72 | 82 | -16.7 | -26.8 | 1,074 | 1,079 | -0.5 |