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Insolvency Statistics in Canada
March 2016
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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 | |||||
---|---|---|---|---|---|---|---|---|
March 2016 | February 2016 | March 2015 | Feb. 2016 to March 2016 | March 2015 to March 2016 | 03-31-2016 | 03-31-2015 | % Change | |
Newfoundland and Labrador | 209 | 188 | 143 | 11.2 | 46.2 | 1,999 | 1,586 | 26.0 |
Bankruptcies | 131 | 126 | 119 | 4.0 | 10.1 | 1,552 | 1,362 | 14.0 |
Proposals | 78 | 62 | 24 | 25.8 | 225.0 | 447 | 224 | 99.6 |
Prince Edward Island | 76 | 72 | 78 | 5.6 | -2.6 | 841 | 747 | 12.6 |
Bankruptcies | 46 | 47 | 46 | -2.1 | 0.0 | 534 | 519 | 2.9 |
Proposals | 30 | 25 | 32 | 20.0 | -6.3 | 307 | 228 | 34.6 |
Nova Scotia | 519 | 433 | 461 | 19.9 | 12.6 | 5,392 | 5,393 | 0.0 |
Bankruptcies | 374 | 304 | 306 | 23.0 | 22.2 | 3,833 | 3,823 | 0.3 |
Proposals | 145 | 129 | 155 | 12.4 | -6.5 | 1,559 | 1,570 | -0.7 |
New Brunswick | 356 | 339 | 382 | 5.0 | -6.8 | 4,428 | 4,391 | 0.8 |
Bankruptcies | 255 | 212 | 258 | 20.3 | -1.2 | 2,887 | 3,055 | -5.5 |
Proposals | 101 | 127 | 124 | -20.5 | -18.5 | 1,541 | 1,336 | 15.3 |
Quebec | 4,136 | 3,965 | 4,309 | 4.3 | -4.0 | 45,617 | 44,806 | 1.8 |
Bankruptcies | 2,285 | 2,228 | 2,379 | 2.6 | -4.0 | 26,198 | 26,095 | 0.4 |
Proposals | 1,851 | 1,737 | 1,930 | 6.6 | -4.1 | 19,419 | 18,711 | 3.8 |
Ontario | 3,866 | 3,462 | 4,061 | 11.7 | -4.8 | 41,045 | 41,881 | -2.0 |
Bankruptcies | 1,710 | 1,437 | 1,814 | 19.0 | -5.7 | 18,564 | 19,780 | -6.1 |
Proposals | 2,156 | 2,025 | 2,247 | 6.5 | -4.0 | 22,481 | 22,101 | 1.7 |
Manitoba | 228 | 200 | 194 | 14.0 | 17.5 | 2,251 | 2,039 | 10.4 |
Bankruptcies | 123 | 102 | 118 | 20.6 | 4.2 | 1,323 | 1,283 | 3.1 |
Proposals | 105 | 98 | 76 | 7.1 | 38.2 | 928 | 756 | 22.8 |
Saskatchewan | 271 | 214 | 212 | 26.6 | 27.8 | 2,476 | 2,067 | 19.8 |
Bankruptcies | 144 | 102 | 111 | 41.2 | 29.7 | 1,322 | 1,130 | 17.0 |
Proposals | 127 | 112 | 101 | 13.4 | 25.7 | 1,154 | 937 | 23.2 |
Alberta | 1,231 | 1,099 | 858 | 12.0 | 43.5 | 10,924 | 8,594 | 27.1 |
Bankruptcies | 523 | 491 | 394 | 6.5 | 32.7 | 4,767 | 3,954 | 20.6 |
Proposals | 708 | 608 | 464 | 16.4 | 52.6 | 6,157 | 4,640 | 32.7 |
British Columbia | 1,098 | 1,049 | 1,079 | 4.7 | 1.8 | 11,801 | 11,791 | 0.1 |
Bankruptcies | 497 | 469 | 490 | 6.0 | 1.4 | 5,660 | 6,436 | -12.1 |
Proposals | 601 | 580 | 589 | 3.6 | 2.0 | 6,141 | 5,355 | 14.7 |
Northwest Territories | 6 | 3 | 5 | 100.0 | 20.0 | 54 | 43 | 25.6 |
Bankruptcies | 3 | 1 | 3 | 200.0 | 0.0 | 29 | 23 | 26.1 |
Proposals | 3 | 2 | 2 | 50.0 | 50.0 | 25 | 20 | 25.0 |
Yukon | 5 | 5 | 4 | 0.0 | 25.0 | 39 | 42 | -7.1 |
Bankruptcies | 3 | 3 | 2 | 0.0 | 50.0 | 18 | 22 | -18.2 |
Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 21 | 20 | 5.0 |
Nunavut | 0 | 3 | 0 | -100.0 | -- | 9 | 5 | 80.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
Proposals | 0 | 3 | 0 | -100.0 | -- | 5 | 2 | 150.0 |
Canada | 12,001 | 11,032 | 11,786 | 8.8 | 1.8 | 126,876 | 123,385 | 2.8 |
Bankruptcies | 6,094 | 5,522 | 6,040 | 10.4 | 0.9 | 66,691 | 67,485 | -1.2 |
Proposals | 5,907 | 5,510 | 5,746 | 7.2 | 2.8 | 60,185 | 55,900 | 7.7 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2016 | February 2016 | March 2015 | Feb. 2016 to March 2016 | March 2015 to March 2016 | 03-31-2016 | 03-31-2015 | % Change | |
Newfoundland and Labrador | 207 | 186 | 141 | 11.3 | 46.8 | 1,973 | 1,559 | 26.6 |
Bankruptcies | 130 | 125 | 118 | 4.0 | 10.2 | 1,532 | 1,338 | 14.5 |
Proposals | 77 | 61 | 23 | 26.2 | 234.8 | 441 | 221 | 99.5 |
Prince Edward Island | 75 | 72 | 76 | 4.2 | -1.3 | 828 | 728 | 13.7 |
Bankruptcies | 45 | 47 | 45 | -4.3 | 0.0 | 523 | 505 | 3.6 |
Proposals | 30 | 25 | 31 | 20.0 | -3.2 | 305 | 223 | 36.8 |
Nova Scotia | 515 | 430 | 456 | 19.8 | 12.9 | 5,305 | 5,314 | -0.2 |
Bankruptcies | 370 | 301 | 304 | 22.9 | 21.7 | 3,760 | 3,770 | -0.3 |
Proposals | 145 | 129 | 152 | 12.4 | -4.6 | 1,545 | 1,544 | 0.1 |
New Brunswick | 348 | 333 | 373 | 4.5 | -6.7 | 4,354 | 4,307 | 1.1 |
Bankruptcies | 249 | 207 | 252 | 20.3 | -1.2 | 2,828 | 2,995 | -5.6 |
Proposals | 99 | 126 | 121 | -21.4 | -18.2 | 1,526 | 1,312 | 16.3 |
Quebec | 3,911 | 3,728 | 4,069 | 4.9 | -3.9 | 43,373 | 42,412 | 2.3 |
Bankruptcies | 2,106 | 2,046 | 2,187 | 2.9 | -3.7 | 24,488 | 24,368 | 0.5 |
Proposals | 1,805 | 1,682 | 1,882 | 7.3 | -4.1 | 18,885 | 18,044 | 4.7 |
Ontario | 3,778 | 3,378 | 3,948 | 11.8 | -4.3 | 39,990 | 40,754 | -1.9 |
Bankruptcies | 1,642 | 1,379 | 1,726 | 19.1 | -4.9 | 17,751 | 18,899 | -6.1 |
Proposals | 2,136 | 1,999 | 2,222 | 6.9 | -3.9 | 22,239 | 21,855 | 1.8 |
Manitoba | 226 | 199 | 190 | 13.6 | 18.9 | 2,210 | 1,992 | 10.9 |
Bankruptcies | 122 | 102 | 115 | 19.6 | 6.1 | 1,295 | 1,247 | 3.8 |
Proposals | 104 | 97 | 75 | 7.2 | 38.7 | 915 | 745 | 22.8 |
Saskatchewan | 253 | 207 | 207 | 22.2 | 22.2 | 2,342 | 1,968 | 19.0 |
Bankruptcies | 130 | 97 | 108 | 34.0 | 20.4 | 1,222 | 1,070 | 14.2 |
Proposals | 123 | 110 | 99 | 11.8 | 24.2 | 1,120 | 898 | 24.7 |
Alberta | 1,216 | 1,086 | 847 | 12.0 | 43.6 | 10,783 | 8,457 | 27.5 |
Bankruptcies | 515 | 483 | 387 | 6.6 | 33.1 | 4,671 | 3,853 | 21.2 |
Proposals | 701 | 603 | 460 | 16.3 | 52.4 | 6,112 | 4,604 | 32.8 |
British Columbia | 1,085 | 1,027 | 1,065 | 5.6 | 1.9 | 11,567 | 11,559 | 0.1 |
Bankruptcies | 486 | 458 | 484 | 6.1 | 0.4 | 5,493 | 6,257 | -12.2 |
Proposals | 599 | 569 | 581 | 5.3 | 3.1 | 6,074 | 5,302 | 14.6 |
Northwest Territories | 6 | 3 | 5 | 100.0 | 20.0 | 54 | 43 | 25.6 |
Bankruptcies | 3 | 1 | 3 | 200.0 | 0.0 | 29 | 23 | 26.1 |
Proposals | 3 | 2 | 2 | 50.0 | 50.0 | 25 | 20 | 25.0 |
Yukon | 5 | 5 | 4 | 0.0 | 25.0 | 39 | 41 | -4.9 |
Bankruptcies | 3 | 3 | 2 | 0.0 | 50.0 | 18 | 22 | -18.2 |
Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 21 | 19 | 10.5 |
Nunavut | 0 | 3 | 0 | -100.0 | -- | 9 | 4 | 125.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
Proposals | 0 | 3 | 0 | -100.0 | -- | 5 | 2 | 150.0 |
Canada | 11,625 | 10,657 | 11,381 | 9.1 | 2.1 | 122,827 | 119,138 | 3.1 |
Bankruptcies | 5,801 | 5,249 | 5,731 | 10.5 | 1.2 | 63,614 | 64,349 | -1.1 |
Proposals | 5,824 | 5,408 | 5,650 | 7.7 | 3.1 | 59,213 | 54,789 | 8.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2016 | February 2016 | March 2015 | Feb. 2016 to March 2016 | March 2015 to March 2016 | 03-31-2016 | 03-31-2015 | % Change | |
Newfoundland and Labrador | 2 | 2 | 2 | 0.0 | 0.0 | 26 | 27 | -3.7 |
Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 20 | 24 | -16.7 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 6 | 3 | 100.0 |
Prince Edward Island | 1 | 0 | 2 | -- | -50.0 | 13 | 19 | -31.6 |
Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 11 | 14 | -21.4 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 2 | 5 | -60.0 |
Nova Scotia | 4 | 3 | 5 | 33.3 | -20.0 | 87 | 79 | 10.1 |
Bankruptcies | 4 | 3 | 2 | 33.3 | 100.0 | 73 | 53 | 37.7 |
Proposals | 0 | 0 | 3 | -- | -100.0 | 14 | 26 | -46.2 |
New Brunswick | 8 | 6 | 9 | 33.3 | -11.1 | 74 | 84 | -11.9 |
Bankruptcies | 6 | 5 | 6 | 20.0 | 0.0 | 59 | 60 | -1.7 |
Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 15 | 24 | -37.5 |
Quebec | 225 | 237 | 240 | -5.1 | -6.3 | 2,244 | 2,394 | -6.3 |
Bankruptcies | 179 | 182 | 192 | -1.6 | -6.8 | 1,710 | 1,727 | -1.0 |
Proposals | 46 | 55 | 48 | -16.4 | -4.2 | 534 | 667 | -19.9 |
Ontario | 88 | 84 | 113 | 4.8 | -22.1 | 1,055 | 1,127 | -6.4 |
Bankruptcies | 68 | 58 | 88 | 17.2 | -22.7 | 813 | 881 | -7.7 |
Proposals | 20 | 26 | 25 | -23.1 | -20.0 | 242 | 246 | -1.6 |
Manitoba | 2 | 1 | 4 | 100.0 | -50.0 | 41 | 47 | -12.8 |
Bankruptcies | 1 | 0 | 3 | -- | -66.7 | 28 | 36 | -22.2 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 13 | 11 | 18.2 |
Saskatchewan | 18 | 7 | 5 | 157.1 | 260.0 | 134 | 99 | 35.4 |
Bankruptcies | 14 | 5 | 3 | 180.0 | 366.7 | 100 | 60 | 66.7 |
Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 34 | 39 | -12.8 |
Alberta | 15 | 13 | 11 | 15.4 | 36.4 | 141 | 137 | 2.9 |
Bankruptcies | 8 | 8 | 7 | 0.0 | 14.3 | 96 | 101 | -5.0 |
Proposals | 7 | 5 | 4 | 40.0 | 75.0 | 45 | 36 | 25.0 |
British Columbia | 13 | 22 | 14 | -40.9 | -7.1 | 234 | 232 | 0.9 |
Bankruptcies | 11 | 11 | 6 | 0.0 | 83.3 | 167 | 179 | -6.7 |
Proposals | 2 | 11 | 8 | -81.8 | -75.0 | 67 | 53 | 26.4 |
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 | 376 | 375 | 405 | 0.3 | -7.2 | 4,049 | 4,247 | -4.7 |
Bankruptcies | 293 | 273 | 309 | 7.3 | -5.2 | 3,077 | 3,136 | -1.9 |
Proposals | 83 | 102 | 96 | -18.6 | -13.5 | 972 | 1,111 | -12.5 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
March 2016 | February 2016 | March 2015 | Feb. 2016 to March 2016 | March 2015 to March 2016 | 03-31-2016 | 03-31-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 9 | 12 | 10 | -25.0 | -10.0 | 85 | 88 | -3.4 |
Bankruptcies | 8 | 11 | 2 | -27.3 | 300.0 | 55 | 50 | 10.0 |
Proposals | 1 | 1 | 8 | 0.0 | -87.5 | 30 | 38 | -21.1 |
Mining and Oil and Gas Extraction | 2 | 5 | 2 | -60.0 | 0.0 | 45 | 35 | 28.6 |
Bankruptcies | 1 | 3 | 2 | -66.7 | -50.0 | 34 | 16 | 112.5 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 11 | 19 | -42.1 |
Utilities | 0 | 2 | 0 | -100.0 | -- | 14 | 10 | 40.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 9 | 6 | 50.0 |
Proposals | 0 | 2 | 0 | -100.0 | -- | 5 | 4 | 25.0 |
Construction | 74 | 60 | 73 | 23.3 | 1.4 | 765 | 726 | 5.4 |
Bankruptcies | 56 | 48 | 58 | 16.7 | -3.4 | 575 | 532 | 8.1 |
Proposals | 18 | 12 | 15 | 50.0 | 20.0 | 190 | 194 | -2.1 |
Manufacturing | 29 | 31 | 36 | -6.5 | -19.4 | 373 | 384 | -2.9 |
Bankruptcies | 21 | 24 | 25 | -12.5 | -16.0 | 272 | 271 | 0.4 |
Proposals | 8 | 7 | 11 | 14.3 | -27.3 | 101 | 113 | -10.6 |
Wholesale Trade | 19 | 14 | 23 | 35.7 | -17.4 | 186 | 236 | -21.2 |
Bankruptcies | 17 | 7 | 20 | 142.9 | -15.0 | 142 | 166 | -14.5 |
Proposals | 2 | 7 | 3 | -71.4 | -33.3 | 44 | 70 | -37.1 |
Retail Trade | 45 | 59 | 52 | -23.7 | -13.5 | 500 | 512 | -2.3 |
Bankruptcies | 32 | 40 | 36 | -20.0 | -11.1 | 383 | 375 | 2.1 |
Proposals | 13 | 19 | 16 | -31.6 | -18.8 | 117 | 137 | -14.6 |
Transportation and Warehousing | 15 | 17 | 28 | -11.8 | -46.4 | 198 | 270 | -26.7 |
Bankruptcies | 13 | 13 | 24 | 0.0 | -45.8 | 146 | 186 | -21.5 |
Proposals | 2 | 4 | 4 | -50.0 | -50.0 | 52 | 84 | -38.1 |
Information and Cultural Industries | 12 | 10 | 5 | 20.0 | 140.0 | 81 | 72 | 12.5 |
Bankruptcies | 11 | 9 | 4 | 22.2 | 175.0 | 65 | 52 | 25.0 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 16 | 20 | -20.0 |
Finance and Insurance | 9 | 4 | 4 | 125.0 | 125.0 | 71 | 79 | -10.1 |
Bankruptcies | 6 | 3 | 4 | 100.0 | 50.0 | 53 | 64 | -17.2 |
Proposals | 3 | 1 | 0 | 200.0 | -- | 18 | 15 | 20.0 |
Real Estate and Rental and Leasing | 10 | 13 | 17 | -23.1 | -41.2 | 139 | 137 | 1.5 |
Bankruptcies | 8 | 6 | 16 | 33.3 | -50.0 | 109 | 105 | 3.8 |
Proposals | 2 | 7 | 1 | -71.4 | 100.0 | 30 | 32 | -6.3 |
Professional, Scientific and Technical Services | 32 | 19 | 18 | 68.4 | 77.8 | 293 | 299 | -2.0 |
Bankruptcies | 27 | 13 | 14 | 107.7 | 92.9 | 230 | 239 | -3.8 |
Proposals | 5 | 6 | 4 | -16.7 | 25.0 | 63 | 60 | 5.0 |
Management of Companies and Enterprises | 5 | 6 | 7 | -16.7 | -28.6 | 63 | 63 | 0.0 |
Bankruptcies | 5 | 6 | 7 | -16.7 | -28.6 | 47 | 49 | -4.1 |
Proposals | 0 | 0 | 0 | -- | -- | 16 | 14 | 14.3 |
Administrative and Support, Waste Management and Remediation Services | 14 | 18 | 22 | -22.2 | -36.4 | 195 | 230 | -15.2 |
Bankruptcies | 8 | 12 | 17 | -33.3 | -52.9 | 144 | 167 | -13.8 |
Proposals | 6 | 6 | 5 | 0.0 | 20.0 | 51 | 63 | -19.0 |
Educational Services | 4 | 5 | 4 | -20.0 | 0.0 | 33 | 52 | -36.5 |
Bankruptcies | 2 | 4 | 3 | -50.0 | -33.3 | 24 | 44 | -45.5 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 9 | 8 | 12.5 |
Health Care and Social Assistance | 7 | 4 | 7 | 75.0 | 0.0 | 79 | 92 | -14.1 |
Bankruptcies | 6 | 1 | 7 | 500.0 | -14.3 | 54 | 71 | -23.9 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 25 | 21 | 19.0 |
Arts, Entertainment and Recreation | 8 | 9 | 13 | -11.1 | -38.5 | 70 | 84 | -16.7 |
Bankruptcies | 8 | 9 | 7 | -11.1 | 14.3 | 58 | 63 | -7.9 |
Proposals | 0 | 0 | 6 | -- | -100.0 | 12 | 21 | -42.9 |
Accommodation and Food Services | 54 | 69 | 62 | -21.7 | -12.9 | 661 | 665 | -0.6 |
Bankruptcies | 42 | 47 | 45 | -10.6 | -6.7 | 515 | 508 | 1.4 |
Proposals | 12 | 22 | 17 | -45.5 | -29.4 | 146 | 157 | -7.0 |
Other Services (except Public Administration) | 28 | 17 | 22 | 64.7 | 27.3 | 192 | 212 | -9.4 |
Bankruptcies | 22 | 16 | 18 | 37.5 | 22.2 | 156 | 171 | -8.8 |
Proposals | 6 | 1 | 4 | 500.0 | 50.0 | 36 | 41 | -12.2 |
Public Administration | 0 | 1 | 0 | -100.0 | -- | 6 | 1 | 500.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 6 | 1 | 500.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 376 | 375 | 405 | 0.3 | -7.2 | 4,049 | 4,247 | -4.7 |
Bankruptcies | 293 | 273 | 309 | 7.3 | -5.2 | 3,077 | 3,136 | -1.9 |
Proposals | 83 | 102 | 96 | -18.6 | -13.5 | 972 | 1,111 | -12.5 |