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Insolvency Statistics in Canada
May 2016
858 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 | |||||
---|---|---|---|---|---|---|---|---|
May 2016 | April 2016 | May 2015 | April 2016 to May 2016 | May 2015 to May 2016 | 05-31-2016 | 05-31-2015 | % Change | |
Newfoundland and Labrador | 234 | 216 | 153 | 8.3 | 52.9 | 2,116 | 1,620 | 30.6 |
Bankruptcies | 158 | 135 | 132 | 17.0 | 19.7 | 1,561 | 1,376 | 13.4 |
Proposals | 76 | 81 | 21 | -6.2 | 261.9 | 555 | 244 | 127.5 |
Prince Edward Island | 64 | 71 | 71 | -9.9 | -9.9 | 822 | 779 | 5.5 |
Bankruptcies | 37 | 52 | 51 | -28.8 | -27.5 | 522 | 529 | -1.3 |
Proposals | 27 | 19 | 20 | 42.1 | 35.0 | 300 | 250 | 20.0 |
Nova Scotia | 581 | 527 | 424 | 10.2 | 37.0 | 5,581 | 5,288 | 5.5 |
Bankruptcies | 427 | 382 | 306 | 11.8 | 39.5 | 3,953 | 3,759 | 5.2 |
Proposals | 154 | 145 | 118 | 6.2 | 30.5 | 1,628 | 1,529 | 6.5 |
New Brunswick | 448 | 418 | 435 | 7.2 | 3.0 | 4,465 | 4,374 | 2.1 |
Bankruptcies | 309 | 289 | 270 | 6.9 | 14.4 | 2,965 | 2,973 | -0.3 |
Proposals | 139 | 129 | 165 | 7.8 | -15.8 | 1,500 | 1,401 | 7.1 |
Quebec | 4,068 | 4,249 | 3,849 | -4.3 | 5.7 | 45,810 | 45,056 | 1.7 |
Bankruptcies | 2,375 | 2,526 | 2,281 | -6.0 | 4.1 | 26,343 | 26,027 | 1.2 |
Proposals | 1,693 | 1,723 | 1,568 | -1.7 | 8.0 | 19,467 | 19,029 | 2.3 |
Ontario | 3,683 | 3,755 | 3,468 | -1.9 | 6.2 | 41,174 | 41,513 | -0.8 |
Bankruptcies | 1,667 | 1,678 | 1,648 | -0.7 | 1.2 | 18,449 | 19,511 | -5.4 |
Proposals | 2,016 | 2,077 | 1,820 | -2.9 | 10.8 | 22,725 | 22,002 | 3.3 |
Manitoba | 243 | 243 | 182 | 0.0 | 33.5 | 2,390 | 2,038 | 17.3 |
Bankruptcies | 133 | 146 | 122 | -8.9 | 9.0 | 1,360 | 1,304 | 4.3 |
Proposals | 110 | 97 | 60 | 13.4 | 83.3 | 1,030 | 734 | 40.3 |
Saskatchewan | 258 | 274 | 189 | -5.8 | 36.5 | 2,620 | 2,080 | 26.0 |
Bankruptcies | 124 | 162 | 102 | -23.5 | 21.6 | 1,388 | 1,129 | 22.9 |
Proposals | 134 | 112 | 87 | 19.6 | 54.0 | 1,232 | 951 | 29.5 |
Alberta | 1,162 | 1,178 | 852 | -1.4 | 36.4 | 11,631 | 8,652 | 34.4 |
Bankruptcies | 487 | 506 | 348 | -3.8 | 39.9 | 5,036 | 3,920 | 28.5 |
Proposals | 675 | 672 | 504 | 0.4 | 33.9 | 6,595 | 4,732 | 39.4 |
British Columbia | 1,026 | 972 | 978 | 5.6 | 4.9 | 11,832 | 11,632 | 1.7 |
Bankruptcies | 460 | 438 | 487 | 5.0 | -5.5 | 5,549 | 6,165 | -10.0 |
Proposals | 566 | 534 | 491 | 6.0 | 15.3 | 6,283 | 5,467 | 14.9 |
Northwest Territories | 3 | 6 | 2 | -50.0 | 50.0 | 59 | 41 | 43.9 |
Bankruptcies | 1 | 5 | 1 | -80.0 | 0.0 | 33 | 22 | 50.0 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 26 | 19 | 36.8 |
Yukon | 4 | 5 | 2 | -20.0 | 100.0 | 45 | 35 | 28.6 |
Bankruptcies | 3 | 4 | 0 | -25.0 | -- | 25 | 17 | 47.1 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 20 | 18 | 11.1 |
Nunavut | 1 | 1 | 0 | 0.0 | -- | 11 | 5 | 120.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 5 | 3 | 66.7 |
Proposals | 1 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
Canada | 11,775 | 11,915 | 10,605 | -1.2 | 11.0 | 128,556 | 123,113 | 4.4 |
Bankruptcies | 6,181 | 6,324 | 5,748 | -2.3 | 7.5 | 67,189 | 66,735 | 0.7 |
Proposals | 5,594 | 5,591 | 4,857 | 0.1 | 15.2 | 61,367 | 56,378 | 8.8 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2016 | April 2016 | May 2015 | April 2016 to May 2016 | May 2015 to May 2016 | 05-31-2016 | 05-31-2015 | % Change | |
Newfoundland and Labrador | 230 | 214 | 152 | 7.5 | 51.3 | 2,087 | 1,594 | 30.9 |
Bankruptcies | 156 | 133 | 131 | 17.3 | 19.1 | 1,540 | 1,352 | 13.9 |
Proposals | 74 | 81 | 21 | -8.6 | 252.4 | 547 | 242 | 126.0 |
Prince Edward Island | 62 | 67 | 69 | -7.5 | -10.1 | 808 | 756 | 6.9 |
Bankruptcies | 37 | 50 | 49 | -26.0 | -24.5 | 514 | 511 | 0.6 |
Proposals | 25 | 17 | 20 | 47.1 | 25.0 | 294 | 245 | 20.0 |
Nova Scotia | 573 | 519 | 414 | 10.4 | 38.4 | 5,497 | 5,209 | 5.5 |
Bankruptcies | 421 | 376 | 297 | 12.0 | 41.8 | 3,884 | 3,705 | 4.8 |
Proposals | 152 | 143 | 117 | 6.3 | 29.9 | 1,613 | 1,504 | 7.2 |
New Brunswick | 441 | 413 | 427 | 6.8 | 3.3 | 4,391 | 4,291 | 2.3 |
Bankruptcies | 303 | 286 | 263 | 5.9 | 15.2 | 2,906 | 2,913 | -0.2 |
Proposals | 138 | 127 | 164 | 8.7 | -15.9 | 1,485 | 1,378 | 7.8 |
Quebec | 3,888 | 4,047 | 3,685 | -3.9 | 5.5 | 43,557 | 42,724 | 1.9 |
Bankruptcies | 2,245 | 2,376 | 2,158 | -5.5 | 4.0 | 24,627 | 24,343 | 1.2 |
Proposals | 1,643 | 1,671 | 1,527 | -1.7 | 7.6 | 18,930 | 18,381 | 3.0 |
Ontario | 3,591 | 3,657 | 3,374 | -1.8 | 6.4 | 40,140 | 40,364 | -0.6 |
Bankruptcies | 1,596 | 1,624 | 1,575 | -1.7 | 1.3 | 17,672 | 18,613 | -5.1 |
Proposals | 1,995 | 2,033 | 1,799 | -1.9 | 10.9 | 22,468 | 21,751 | 3.3 |
Manitoba | 236 | 237 | 180 | -0.4 | 31.1 | 2,341 | 2,000 | 17.1 |
Bankruptcies | 130 | 140 | 122 | -7.1 | 6.6 | 1,326 | 1,277 | 3.8 |
Proposals | 106 | 97 | 58 | 9.3 | 82.8 | 1,015 | 723 | 40.4 |
Saskatchewan | 248 | 263 | 184 | -5.7 | 34.8 | 2,479 | 1,987 | 24.8 |
Bankruptcies | 117 | 156 | 99 | -25.0 | 18.2 | 1,285 | 1,072 | 19.9 |
Proposals | 131 | 107 | 85 | 22.4 | 54.1 | 1,194 | 915 | 30.5 |
Alberta | 1,152 | 1,172 | 840 | -1.7 | 37.1 | 11,500 | 8,516 | 35.0 |
Bankruptcies | 480 | 500 | 338 | -4.0 | 42.0 | 4,945 | 3,823 | 29.3 |
Proposals | 672 | 672 | 502 | 0.0 | 33.9 | 6,555 | 4,693 | 39.7 |
British Columbia | 1,008 | 960 | 966 | 5.0 | 4.3 | 11,595 | 11,416 | 1.6 |
Bankruptcies | 444 | 427 | 480 | 4.0 | -7.5 | 5,374 | 6,002 | -10.5 |
Proposals | 564 | 533 | 486 | 5.8 | 16.0 | 6,221 | 5,414 | 14.9 |
Northwest Territories | 3 | 6 | 2 | -50.0 | 50.0 | 59 | 41 | 43.9 |
Bankruptcies | 1 | 5 | 1 | -80.0 | 0.0 | 33 | 22 | 50.0 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 26 | 19 | 36.8 |
Yukon | 4 | 5 | 2 | -20.0 | 100.0 | 45 | 34 | 32.4 |
Bankruptcies | 3 | 4 | 0 | -25.0 | -- | 25 | 17 | 47.1 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 20 | 17 | 17.6 |
Nunavut | 1 | 0 | 0 | -- | -- | 10 | 4 | 150.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
Proposals | 1 | 0 | 0 | -- | -- | 6 | 2 | 200.0 |
Canada | 11,437 | 11,560 | 10,295 | -1.1 | 11.1 | 124,509 | 118,936 | 4.7 |
Bankruptcies | 5,933 | 6,077 | 5,513 | -2.4 | 7.6 | 64,135 | 63,652 | 0.8 |
Proposals | 5,504 | 5,483 | 4,782 | 0.4 | 15.1 | 60,374 | 55,284 | 9.2 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2016 | April 2016 | May 2015 | April 2016 to May 2016 | May 2015 to May 2016 | 05-31-2016 | 05-31-2015 | % Change | |
Newfoundland and Labrador | 4 | 2 | 1 | 100.0 | 300.0 | 29 | 26 | 11.5 |
Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 21 | 24 | -12.5 |
Proposals | 2 | 0 | 0 | -- | -- | 8 | 2 | 300.0 |
Prince Edward Island | 2 | 4 | 2 | -50.0 | 0.0 | 14 | 23 | -39.1 |
Bankruptcies | 0 | 2 | 2 | -100.0 | -100.0 | 8 | 18 | -55.6 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 6 | 5 | 20.0 |
Nova Scotia | 8 | 8 | 10 | 0.0 | -20.0 | 84 | 79 | 6.3 |
Bankruptcies | 6 | 6 | 9 | 0.0 | -33.3 | 69 | 54 | 27.8 |
Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 15 | 25 | -40.0 |
New Brunswick | 7 | 5 | 8 | 40.0 | -12.5 | 74 | 83 | -10.8 |
Bankruptcies | 6 | 3 | 7 | 100.0 | -14.3 | 59 | 60 | -1.7 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 15 | 23 | -34.8 |
Quebec | 180 | 202 | 164 | -10.9 | 9.8 | 2,253 | 2,332 | -3.4 |
Bankruptcies | 130 | 150 | 123 | -13.3 | 5.7 | 1,716 | 1,684 | 1.9 |
Proposals | 50 | 52 | 41 | -3.8 | 22.0 | 537 | 648 | -17.1 |
Ontario | 92 | 98 | 94 | -6.1 | -2.1 | 1,034 | 1,149 | -10.0 |
Bankruptcies | 71 | 54 | 73 | 31.5 | -2.7 | 777 | 898 | -13.5 |
Proposals | 21 | 44 | 21 | -52.3 | 0.0 | 257 | 251 | 2.4 |
Manitoba | 7 | 6 | 2 | 16.7 | 250.0 | 49 | 38 | 28.9 |
Bankruptcies | 3 | 6 | 0 | -50.0 | -- | 34 | 27 | 25.9 |
Proposals | 4 | 0 | 2 | -- | 100.0 | 15 | 11 | 36.4 |
Saskatchewan | 10 | 11 | 5 | -9.1 | 100.0 | 141 | 93 | 51.6 |
Bankruptcies | 7 | 6 | 3 | 16.7 | 133.3 | 103 | 57 | 80.7 |
Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 38 | 36 | 5.6 |
Alberta | 10 | 6 | 12 | 66.7 | -16.7 | 131 | 136 | -3.7 |
Bankruptcies | 7 | 6 | 10 | 16.7 | -30.0 | 91 | 97 | -6.2 |
Proposals | 3 | 0 | 2 | -- | 50.0 | 40 | 39 | 2.6 |
British Columbia | 18 | 12 | 12 | 50.0 | 50.0 | 237 | 216 | 9.7 |
Bankruptcies | 16 | 11 | 7 | 45.5 | 128.6 | 175 | 163 | 7.4 |
Proposals | 2 | 1 | 5 | 100.0 | -60.0 | 62 | 53 | 17.0 |
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 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 338 | 355 | 310 | -4.8 | 9.0 | 4,047 | 4,177 | -3.1 |
Bankruptcies | 248 | 247 | 235 | 0.4 | 5.5 | 3,054 | 3,083 | -0.9 |
Proposals | 90 | 108 | 75 | -16.7 | 20.0 | 993 | 1,094 | -9.2 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
May 2016 | April 2016 | May 2015 | April 2016 to May 2016 | May 2015 to May 2016 | 05-31-2016 | 05-31-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 2 | 9 | 6 | -77.8 | -66.7 | 80 | 93 | -14.0 |
Bankruptcies | 0 | 6 | 2 | -100.0 | -100.0 | 53 | 49 | 8.2 |
Proposals | 2 | 3 | 4 | -33.3 | -50.0 | 27 | 44 | -38.6 |
Mining and Oil and Gas Extraction | 2 | 4 | 2 | -50.0 | 0.0 | 42 | 37 | 13.5 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 29 | 18 | 61.1 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 13 | 19 | -31.6 |
Utilities | 0 | 0 | 1 | -- | -100.0 | 11 | 12 | -8.3 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 6 | 9 | -33.3 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 3 | 66.7 |
Construction | 62 | 76 | 58 | -18.4 | 6.9 | 763 | 721 | 5.8 |
Bankruptcies | 44 | 53 | 38 | -17.0 | 15.8 | 578 | 521 | 10.9 |
Proposals | 18 | 23 | 20 | -21.7 | -10.0 | 185 | 200 | -7.5 |
Manufacturing | 30 | 23 | 30 | 30.4 | 0.0 | 355 | 389 | -8.7 |
Bankruptcies | 23 | 17 | 23 | 35.3 | 0.0 | 262 | 273 | -4.0 |
Proposals | 7 | 6 | 7 | 16.7 | 0.0 | 93 | 116 | -19.8 |
Wholesale Trade | 14 | 16 | 17 | -12.5 | -17.6 | 180 | 224 | -19.6 |
Bankruptcies | 13 | 12 | 14 | 8.3 | -7.1 | 137 | 160 | -14.4 |
Proposals | 1 | 4 | 3 | -75.0 | -66.7 | 43 | 64 | -32.8 |
Retail Trade | 46 | 50 | 29 | -8.0 | 58.6 | 526 | 504 | 4.4 |
Bankruptcies | 32 | 37 | 25 | -13.5 | 28.0 | 392 | 376 | 4.3 |
Proposals | 14 | 13 | 4 | 7.7 | 250.0 | 134 | 128 | 4.7 |
Transportation and Warehousing | 19 | 24 | 16 | -20.8 | 18.8 | 204 | 271 | -24.7 |
Bankruptcies | 12 | 17 | 9 | -29.4 | 33.3 | 152 | 182 | -16.5 |
Proposals | 7 | 7 | 7 | 0.0 | 0.0 | 52 | 89 | -41.6 |
Information and Cultural Industries | 4 | 1 | 5 | 300.0 | -20.0 | 72 | 74 | -2.7 |
Bankruptcies | 4 | 1 | 2 | 300.0 | 100.0 | 63 | 50 | 26.0 |
Proposals | 0 | 0 | 3 | -- | -100.0 | 9 | 24 | -62.5 |
Finance and Insurance | 8 | 3 | 7 | 166.7 | 14.3 | 68 | 87 | -21.8 |
Bankruptcies | 4 | 2 | 2 | 100.0 | 100.0 | 52 | 66 | -21.2 |
Proposals | 4 | 1 | 5 | 300.0 | -20.0 | 16 | 21 | -23.8 |
Real Estate and Rental and Leasing | 16 | 23 | 9 | -30.4 | 77.8 | 159 | 125 | 27.2 |
Bankruptcies | 12 | 6 | 7 | 100.0 | 71.4 | 113 | 96 | 17.7 |
Proposals | 4 | 17 | 2 | -76.5 | 100.0 | 46 | 29 | 58.6 |
Professional, Scientific and Technical Services | 23 | 34 | 27 | -32.4 | -14.8 | 295 | 291 | 1.4 |
Bankruptcies | 16 | 26 | 23 | -38.5 | -30.4 | 225 | 237 | -5.1 |
Proposals | 7 | 8 | 4 | -12.5 | 75.0 | 70 | 54 | 29.6 |
Management of Companies and Enterprises | 5 | 8 | 2 | -37.5 | 150.0 | 66 | 59 | 11.9 |
Bankruptcies | 4 | 3 | 2 | 33.3 | 100.0 | 50 | 43 | 16.3 |
Proposals | 1 | 5 | 0 | -80.0 | -- | 16 | 16 | 0.0 |
Administrative and Support, Waste Management and Remediation Services | 16 | 10 | 13 | 60.0 | 23.1 | 192 | 216 | -11.1 |
Bankruptcies | 16 | 9 | 11 | 77.8 | 45.5 | 143 | 163 | -12.3 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 49 | 53 | -7.5 |
Educational Services | 5 | 0 | 2 | -- | 150.0 | 32 | 43 | -25.6 |
Bankruptcies | 2 | 0 | 2 | -- | 0.0 | 21 | 35 | -40.0 |
Proposals | 3 | 0 | 0 | -- | -- | 11 | 8 | 37.5 |
Health Care and Social Assistance | 5 | 5 | 5 | 0.0 | 0.0 | 77 | 87 | -11.5 |
Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 52 | 66 | -21.2 |
Proposals | 1 | 2 | 0 | -50.0 | -- | 25 | 21 | 19.0 |
Arts, Entertainment and Recreation | 10 | 7 | 7 | 42.9 | 42.9 | 74 | 77 | -3.9 |
Bankruptcies | 7 | 6 | 7 | 16.7 | 0.0 | 60 | 58 | 3.4 |
Proposals | 3 | 1 | 0 | 200.0 | -- | 14 | 19 | -26.3 |
Accommodation and Food Services | 60 | 44 | 53 | 36.4 | 13.2 | 660 | 662 | -0.3 |
Bankruptcies | 45 | 33 | 45 | 36.4 | 0.0 | 507 | 521 | -2.7 |
Proposals | 15 | 11 | 8 | 36.4 | 87.5 | 153 | 141 | 8.5 |
Other Services (except Public Administration) | 11 | 18 | 20 | -38.9 | -45.0 | 186 | 204 | -8.8 |
Bankruptcies | 9 | 15 | 14 | -40.0 | -35.7 | 154 | 159 | -3.1 |
Proposals | 2 | 3 | 6 | -33.3 | -66.7 | 32 | 45 | -28.9 |
Public Administration | 0 | 0 | 1 | -- | -100.0 | 5 | 1 | 400.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 5 | 1 | 400.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 338 | 355 | 310 | -4.8 | 9.0 | 4,047 | 4,177 | -3.1 |
Bankruptcies | 248 | 247 | 235 | 0.4 | 5.5 | 3,054 | 3,083 | -0.9 |
Proposals | 90 | 108 | 75 | -16.7 | 20.0 | 993 | 1,094 | -9.2 |