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Insolvency Statistics in Canada
April 2017
229 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 percent or more of total liabilities as a result of operating a business.
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- NAICS:
- North American Industry Classification System.
- 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2017 | March 2017 | April 2016 | Mar. 2017 to Apr. 2017 | Apr. 2016 to Apr. 2017 | 04-30-2017 | 04-30-2016 | % Change | |
Newfoundland and Labrador | 222 | 233 | 216 | -4.7 | 2.8 | 2,488 | 2,035 | 22.3 |
Bankruptcies | 134 | 136 | 135 | -1.5 | -0.7 | 1,545 | 1,535 | 0.7 |
Proposals | 88 | 97 | 81 | -9.3 | 8.6 | 943 | 500 | 88.6 |
Prince Edward Island | 57 | 78 | 71 | -26.9 | -19.7 | 779 | 829 | -6.0 |
Bankruptcies | 38 | 45 | 52 | -15.6 | -26.9 | 463 | 536 | -13.6 |
Proposals | 19 | 33 | 19 | -42.4 | 0.0 | 316 | 293 | 7.8 |
Nova Scotia | 531 | 582 | 527 | -8.8 | 0.8 | 6,112 | 5,424 | 12.7 |
Bankruptcies | 387 | 379 | 382 | 2.1 | 1.3 | 4,230 | 3,832 | 10.4 |
Proposals | 144 | 203 | 145 | -29.1 | -0.7 | 1,882 | 1,592 | 18.2 |
New Brunswick | 387 | 428 | 418 | -9.6 | -7.4 | 4,488 | 4,452 | 0.8 |
Bankruptcies | 250 | 261 | 289 | -4.2 | -13.5 | 2,827 | 2,926 | -3.4 |
Proposals | 137 | 167 | 129 | -18.0 | 6.2 | 1,661 | 1,526 | 8.8 |
Quebec | 3,582 | 4,180 | 4,249 | -14.3 | -15.7 | 44,250 | 45,591 | -2.9 |
Bankruptcies | 2,069 | 2,264 | 2,526 | -8.6 | -18.1 | 25,115 | 26,249 | -4.3 |
Proposals | 1,513 | 1,916 | 1,723 | -21.0 | -12.2 | 19,135 | 19,342 | -1.1 |
Ontario | 3,315 | 3,792 | 3,755 | -12.6 | -11.7 | 39,834 | 40,959 | -2.7 |
Bankruptcies | 1,410 | 1,601 | 1,678 | -11.9 | -16.0 | 16,979 | 18,430 | -7.9 |
Proposals | 1,905 | 2,191 | 2,077 | -13.1 | -8.3 | 22,855 | 22,529 | 1.4 |
Manitoba | 187 | 261 | 243 | -28.4 | -23.0 | 2,635 | 2,329 | 13.1 |
Bankruptcies | 104 | 126 | 146 | -17.5 | -28.8 | 1,428 | 1,349 | 5.9 |
Proposals | 83 | 135 | 97 | -38.5 | -14.4 | 1,207 | 980 | 23.2 |
Saskatchewan | 282 | 272 | 274 | 3.7 | 2.9 | 3,164 | 2,551 | 24.0 |
Bankruptcies | 131 | 118 | 162 | 11.0 | -19.1 | 1,473 | 1,366 | 7.8 |
Proposals | 151 | 154 | 112 | -1.9 | 34.8 | 1,691 | 1,185 | 42.7 |
Alberta | 1,043 | 1,290 | 1,178 | -19.1 | -11.5 | 13,359 | 11,321 | 18.0 |
Bankruptcies | 421 | 514 | 506 | -18.1 | -16.8 | 5,402 | 4,897 | 10.3 |
Proposals | 622 | 776 | 672 | -19.8 | -7.4 | 7,957 | 6,424 | 23.9 |
British Columbia | 780 | 1,025 | 972 | -23.9 | -19.8 | 10,494 | 11,784 | -10.9 |
Bankruptcies | 366 | 461 | 438 | -20.6 | -16.4 | 4,592 | 5,576 | -17.6 |
Proposals | 414 | 564 | 534 | -26.6 | -22.5 | 5,902 | 6,208 | -4.9 |
Northwest Territories | 5 | 3 | 6 | 66.7 | -16.7 | 60 | 58 | 3.4 |
Bankruptcies | 4 | 1 | 5 | 300.0 | -20.0 | 32 | 33 | -3.0 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 28 | 25 | 12.0 |
Yukon | 3 | 5 | 5 | -40.0 | -40.0 | 46 | 43 | 7.0 |
Bankruptcies | 3 | 2 | 4 | 50.0 | -25.0 | 22 | 22 | 0.0 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 24 | 21 | 14.3 |
Nunavut | 0 | 0 | 1 | -- | -100.0 | 4 | 10 | -60.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 1 | 5 | -80.0 |
Proposals | 0 | 0 | 0 | -- | -- | 3 | 5 | -40.0 |
Canada | 10,394 | 12,149 | 11,915 | -14.4 | -12.8 | 127,713 | 127,386 | 0.3 |
Bankruptcies | 5,317 | 5,908 | 6,324 | -10.0 | -15.9 | 64,109 | 66,756 | -4.0 |
Proposals | 5,077 | 6,241 | 5,591 | -18.7 | -9.2 | 63,604 | 60,630 | 4.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2017 | March 2017 | April 2016 | Mar. 2017 to Apr. 2017 | Apr. 2016 to Apr. 2017 | 04-30-2017 | 04-30-2016 | % Change | |
Newfoundland and Labrador | 218 | 226 | 214 | -3.5 | 1.9 | 2,453 | 2,009 | 22.1 |
Bankruptcies | 130 | 134 | 133 | -3.0 | -2.3 | 1,520 | 1,515 | 0.3 |
Proposals | 88 | 92 | 81 | -4.3 | 8.6 | 933 | 494 | 88.9 |
Prince Edward Island | 57 | 74 | 67 | -23.0 | -14.9 | 765 | 815 | -6.1 |
Bankruptcies | 38 | 41 | 50 | -7.3 | -24.0 | 453 | 526 | -13.9 |
Proposals | 19 | 33 | 17 | -42.4 | 11.8 | 312 | 289 | 8.0 |
Nova Scotia | 529 | 577 | 519 | -8.3 | 1.9 | 6,047 | 5,338 | 13.3 |
Bankruptcies | 385 | 374 | 376 | 2.9 | 2.4 | 4,175 | 3,760 | 11.0 |
Proposals | 144 | 203 | 143 | -29.1 | 0.7 | 1,872 | 1,578 | 18.6 |
New Brunswick | 379 | 423 | 413 | -10.4 | -8.2 | 4,435 | 4,377 | 1.3 |
Bankruptcies | 243 | 256 | 286 | -5.1 | -15.0 | 2,782 | 2,866 | -2.9 |
Proposals | 136 | 167 | 127 | -18.6 | 7.1 | 1,653 | 1,511 | 9.4 |
Quebec | 3,411 | 3,963 | 4,047 | -13.9 | -15.7 | 42,168 | 43,354 | -2.7 |
Bankruptcies | 1,936 | 2,099 | 2,376 | -7.8 | -18.5 | 23,567 | 24,540 | -4.0 |
Proposals | 1,475 | 1,864 | 1,671 | -20.9 | -11.7 | 18,601 | 18,814 | -1.1 |
Ontario | 3,239 | 3,708 | 3,657 | -12.6 | -11.4 | 38,917 | 39,923 | -2.5 |
Bankruptcies | 1,353 | 1,540 | 1,624 | -12.1 | -16.7 | 16,296 | 17,651 | -7.7 |
Proposals | 1,886 | 2,168 | 2,033 | -13.0 | -7.2 | 22,621 | 22,272 | 1.6 |
Manitoba | 185 | 255 | 237 | -27.5 | -21.9 | 2,584 | 2,285 | 13.1 |
Bankruptcies | 102 | 120 | 140 | -15.0 | -27.1 | 1,391 | 1,318 | 5.5 |
Proposals | 83 | 135 | 97 | -38.5 | -14.4 | 1,193 | 967 | 23.4 |
Saskatchewan | 270 | 259 | 263 | 4.2 | 2.7 | 3,052 | 2,415 | 26.4 |
Bankruptcies | 121 | 113 | 156 | 7.1 | -22.4 | 1,388 | 1,267 | 9.6 |
Proposals | 149 | 146 | 107 | 2.1 | 39.3 | 1,664 | 1,148 | 44.9 |
Alberta | 1,024 | 1,277 | 1,172 | -19.8 | -12.6 | 13,180 | 11,188 | 17.8 |
Bankruptcies | 407 | 504 | 500 | -19.2 | -18.6 | 5,267 | 4,803 | 9.7 |
Proposals | 617 | 773 | 672 | -20.2 | -8.2 | 7,913 | 6,385 | 23.9 |
British Columbia | 769 | 1,010 | 960 | -23.9 | -19.9 | 10,304 | 11,553 | -10.8 |
Bankruptcies | 356 | 448 | 427 | -20.5 | -16.6 | 4,440 | 5,410 | -17.9 |
Proposals | 413 | 562 | 533 | -26.5 | -22.5 | 5,864 | 6,143 | -4.5 |
Northwest Territories | 5 | 3 | 6 | 66.7 | -16.7 | 60 | 58 | 3.4 |
Bankruptcies | 4 | 1 | 5 | 300.0 | -20.0 | 32 | 33 | -3.0 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 28 | 25 | 12.0 |
Yukon | 3 | 5 | 5 | -40.0 | -40.0 | 46 | 43 | 7.0 |
Bankruptcies | 3 | 2 | 4 | 50.0 | -25.0 | 22 | 22 | 0.0 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 24 | 21 | 14.3 |
Nunavut | 0 | 0 | 0 | -- | -- | 4 | 9 | -55.6 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 4 | -75.0 |
Proposals | 0 | 0 | 0 | -- | -- | 3 | 5 | -40.0 |
Canada | 10,089 | 11,780 | 11,560 | -14.4 | -12.7 | 124,015 | 123,367 | 0.5 |
Bankruptcies | 5,078 | 5,632 | 6,077 | -9.8 | -16.4 | 61,334 | 63,715 | -3.7 |
Proposals | 5,011 | 6,148 | 5,483 | -18.5 | -8.6 | 62,681 | 59,652 | 5.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2017 | March 2017 | April 2016 | Mar. 2017 to Apr. 2017 | Apr. 2016 to Apr. 2017 | 04-30-2017 | 04-30-2016 | % Change | |
Newfoundland and Labrador | 4 | 7 | 2 | -42.9 | 100.0 | 35 | 26 | 34.6 |
Bankruptcies | 4 | 2 | 2 | 100.0 | 100.0 | 25 | 20 | 25.0 |
Proposals | 0 | 5 | 0 | -100.0 | -- | 10 | 6 | 66.7 |
Prince Edward Island | 0 | 4 | 4 | -100.0 | -100.0 | 14 | 14 | 0.0 |
Bankruptcies | 0 | 4 | 2 | -100.0 | -100.0 | 10 | 10 | 0.0 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 4 | 4 | 0.0 |
Nova Scotia | 2 | 5 | 8 | -60.0 | -75.0 | 65 | 86 | -24.4 |
Bankruptcies | 2 | 5 | 6 | -60.0 | -66.7 | 55 | 72 | -23.6 |
Proposals | 0 | 0 | 2 | -- | -100.0 | 10 | 14 | -28.6 |
New Brunswick | 8 | 5 | 5 | 60.0 | 60.0 | 53 | 75 | -29.3 |
Bankruptcies | 7 | 5 | 3 | 40.0 | 133.3 | 45 | 60 | -25.0 |
Proposals | 1 | 0 | 2 | -- | -50.0 | 8 | 15 | -46.7 |
Quebec | 171 | 217 | 202 | -21.2 | -15.3 | 2,082 | 2,237 | -6.9 |
Bankruptcies | 133 | 165 | 150 | -19.4 | -11.3 | 1,548 | 1,709 | -9.4 |
Proposals | 38 | 52 | 52 | -26.9 | -26.9 | 534 | 528 | 1.1 |
Ontario | 76 | 84 | 98 | -9.5 | -22.4 | 917 | 1,036 | -11.5 |
Bankruptcies | 57 | 61 | 54 | -6.6 | 5.6 | 683 | 779 | -12.3 |
Proposals | 19 | 23 | 44 | -17.4 | -56.8 | 234 | 257 | -8.9 |
Manitoba | 2 | 6 | 6 | -66.7 | -66.7 | 51 | 44 | 15.9 |
Bankruptcies | 2 | 6 | 6 | -66.7 | -66.7 | 37 | 31 | 19.4 |
Proposals | 0 | 0 | 0 | -- | -- | 14 | 13 | 7.7 |
Saskatchewan | 12 | 13 | 11 | -7.7 | 9.1 | 112 | 136 | -17.6 |
Bankruptcies | 10 | 5 | 6 | 100.0 | 66.7 | 85 | 99 | -14.1 |
Proposals | 2 | 8 | 5 | -75.0 | -60.0 | 27 | 37 | -27.0 |
Alberta | 19 | 13 | 6 | 46.2 | 216.7 | 179 | 133 | 34.6 |
Bankruptcies | 14 | 10 | 6 | 40.0 | 133.3 | 135 | 94 | 43.6 |
Proposals | 5 | 3 | 0 | 66.7 | -- | 44 | 39 | 12.8 |
British Columbia | 11 | 15 | 12 | -26.7 | -8.3 | 190 | 231 | -17.7 |
Bankruptcies | 10 | 13 | 11 | -23.1 | -9.1 | 152 | 166 | -8.4 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 38 | 65 | -41.5 |
Northwest Territoires | 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 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 305 | 369 | 355 | -17.3 | -14.1 | 3,698 | 4,019 | -8.0 |
Bankruptcies | 239 | 276 | 247 | -13.4 | -3.2 | 2,775 | 3,041 | -8.7 |
Proposals | 66 | 93 | 108 | -29.0 | -38.9 | 923 | 978 | -5.6 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2017 | March 2017 | April 2016 | Mar. 2017 to Apr. 2017 | Apr. 2016 to Apr. 2017 | 04-30-2017 | 04-30-2016 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 7 | 6 | 9 | 16.7 | -22.2 | 76 | 84 | -9.5 |
Bankruptcies | 7 | 6 | 6 | 16.7 | 16.7 | 53 | 55 | -3.6 |
Proposals | 0 | 0 | 3 | -- | -100.0 | 23 | 29 | -20.7 |
Mining and Oil and Gas Extraction | 6 | 3 | 4 | 100.0 | 50.0 | 71 | 42 | 69.0 |
Bankruptcies | 5 | 1 | 1 | 400.0 | 400.0 | 50 | 30 | 66.7 |
Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 21 | 12 | 75.0 |
Utilities | 1 | 1 | 0 | 0.0 | -- | 10 | 12 | -16.7 |
Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 6 | 7 | -14.3 |
Proposals | 0 | 0 | 0 | -- | -- | 4 | 5 | -20.0 |
Construction | 41 | 69 | 76 | -40.6 | -46.1 | 660 | 759 | -13.0 |
Bankruptcies | 33 | 47 | 53 | -29.8 | -37.7 | 473 | 572 | -17.3 |
Proposals | 8 | 22 | 23 | -63.6 | -65.2 | 187 | 187 | 0.0 |
Manufacturing | 35 | 33 | 23 | 6.1 | 52.2 | 309 | 355 | -13.0 |
Bankruptcies | 29 | 23 | 17 | 26.1 | 70.6 | 221 | 262 | -15.6 |
Proposals | 6 | 10 | 6 | -40.0 | 0.0 | 88 | 93 | -5.4 |
Wholesale Trade | 13 | 16 | 16 | -18.8 | -18.8 | 175 | 183 | -4.4 |
Bankruptcies | 9 | 8 | 12 | 12.5 | -25.0 | 134 | 138 | -2.9 |
Proposals | 4 | 8 | 4 | -50.0 | 0.0 | 41 | 45 | -8.9 |
Retail Trade | 37 | 38 | 50 | -2.6 | -26.0 | 413 | 509 | -18.9 |
Bankruptcies | 24 | 30 | 37 | -20.0 | -35.1 | 304 | 385 | -21.0 |
Proposals | 13 | 8 | 13 | 62.5 | 0.0 | 109 | 124 | -12.1 |
Transportation and Warehousing | 27 | 28 | 24 | -3.6 | 12.5 | 246 | 201 | 22.4 |
Bankruptcies | 24 | 19 | 17 | 26.3 | 41.2 | 188 | 149 | 26.2 |
Proposals | 3 | 9 | 7 | -66.7 | -57.1 | 58 | 52 | 11.5 |
Information and Cultural Industries | 4 | 9 | 1 | -55.6 | 300.0 | 69 | 73 | -5.5 |
Bankruptcies | 4 | 8 | 1 | -50.0 | 300.0 | 51 | 61 | -16.4 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 18 | 12 | 50.0 |
Finance and Insurance | 3 | 10 | 3 | -70.0 | 0.0 | 62 | 67 | -7.5 |
Bankruptcies | 3 | 9 | 2 | -66.7 | 50.0 | 54 | 50 | 8.0 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 8 | 17 | -52.9 |
Real Estate and Rental and Leasing | 19 | 11 | 23 | 72.7 | -17.4 | 148 | 152 | -2.6 |
Bankruptcies | 16 | 8 | 6 | 100.0 | 166.7 | 108 | 108 | 0.0 |
Proposals | 3 | 3 | 17 | 0.0 | -82.4 | 40 | 44 | -9.1 |
Professional, Scientific and Technical Services | 22 | 23 | 34 | -4.3 | -35.3 | 274 | 299 | -8.4 |
Bankruptcies | 12 | 21 | 26 | -42.9 | -53.8 | 207 | 232 | -10.8 |
Proposals | 10 | 2 | 8 | 400.0 | 25.0 | 67 | 67 | 0.0 |
Management of Companies and Enterprises | 7 | 4 | 8 | 75.0 | -12.5 | 74 | 63 | 17.5 |
Bankruptcies | 4 | 4 | 3 | 0.0 | 33.3 | 53 | 48 | 10.4 |
Proposals | 3 | 0 | 5 | -- | -40.0 | 21 | 15 | 40.0 |
Administrative and Support, Waste Management and Remediation Services | 17 | 14 | 10 | 21.4 | 70.0 | 196 | 189 | 3.7 |
Bankruptcies | 13 | 8 | 9 | 62.5 | 44.4 | 150 | 138 | 8.7 |
Proposals | 4 | 6 | 1 | -33.3 | 300.0 | 46 | 51 | -9.8 |
Educational Services | 1 | 15 | 0 | -93.3 | -- | 46 | 29 | 58.6 |
Bankruptcies | 1 | 14 | 0 | -92.9 | -- | 35 | 21 | 66.7 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 11 | 8 | 37.5 |
Health Care and Social Assistance | 6 | 10 | 5 | -40.0 | 20.0 | 74 | 77 | -3.9 |
Bankruptcies | 5 | 9 | 3 | -44.4 | 66.7 | 59 | 53 | 11.3 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 15 | 24 | -37.5 |
Arts, Entertainment and Recreation | 8 | 8 | 7 | 0.0 | 14.3 | 75 | 71 | 5.6 |
Bankruptcies | 7 | 6 | 6 | 16.7 | 16.7 | 54 | 60 | -10.0 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 21 | 11 | 90.9 |
Accommodation and Food Services | 34 | 56 | 44 | -39.3 | -22.7 | 565 | 653 | -13.5 |
Bankruptcies | 27 | 41 | 33 | -34.1 | -18.2 | 448 | 507 | -11.6 |
Proposals | 7 | 15 | 11 | -53.3 | -36.4 | 117 | 146 | -19.9 |
Other Services (except Public Administration) | 17 | 14 | 18 | 21.4 | -5.6 | 152 | 195 | -22.1 |
Bankruptcies | 15 | 12 | 15 | 25.0 | 0.0 | 125 | 159 | -21.4 |
Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 27 | 36 | -25.0 |
Public Administration | 0 | 1 | 0 | -100.0 | -- | 3 | 6 | -50.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 2 | 6 | -66.7 |
Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Total | 305 | 369 | 355 | -17.3 | -14.1 | 3,698 | 4,019 | -8.0 |
Bankruptcies | 239 | 276 | 247 | -13.4 | -3.2 | 2,775 | 3,041 | -8.7 |
Proposals | 66 | 93 | 108 | -29.0 | -38.9 | 923 | 978 | -5.6 |