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Insolvency Statistics in Canada
December 2018
227 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.
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
December 2018 | November 2018 | December 2017 | Nov. 2018 to Dec. 2018 | Dec. 2017 to Dec. 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Newfoundland and Labrador | 193 | 273 | 164 | -29.3 | 17.7 | 2,826 | 2,515 | 12.4 |
Bankruptcies | 103 | 129 | 94 | -20.2 | 9.6 | 1,396 | 1,390 | 0.4 |
Proposals | 90 | 144 | 70 | -37.5 | 28.6 | 1,430 | 1,125 | 27.1 |
Prince Edward Island | 62 | 63 | 42 | -1.6 | 47.6 | 735 | 685 | 7.3 |
Bankruptcies | 34 | 35 | 21 | -2.9 | 61.9 | 429 | 397 | 8.1 |
Proposals | 28 | 28 | 21 | 0.0 | 33.3 | 306 | 288 | 6.3 |
Nova Scotia | 387 | 490 | 375 | -21.0 | 3.2 | 5,642 | 5,773 | -2.3 |
Bankruptcies | 241 | 299 | 261 | -19.4 | -7.7 | 3,516 | 3,850 | -8.7 |
Proposals | 146 | 191 | 114 | -23.6 | 28.1 | 2,126 | 1,923 | 10.6 |
New Brunswick | 338 | 436 | 362 | -22.5 | -6.6 | 4,517 | 4,418 | 2.2 |
Bankruptcies | 179 | 216 | 192 | -17.1 | -6.8 | 2,294 | 2,500 | -8.2 |
Proposals | 159 | 220 | 170 | -27.7 | -6.5 | 2,223 | 1,918 | 15.9 |
Quebec | 2,870 | 3,880 | 3,063 | -26.0 | -6.3 | 43,831 | 43,731 | 0.2 |
Bankruptcies | 1,554 | 1,889 | 1,699 | -17.7 | -8.5 | 22,767 | 24,210 | -6.0 |
Proposals | 1,316 | 1,991 | 1,364 | -33.9 | -3.5 | 21,064 | 19,521 | 7.9 |
Ontario | 2,998 | 3,661 | 2,687 | -18.1 | 11.6 | 39,793 | 39,045 | 1.9 |
Bankruptcies | 1,131 | 1,276 | 1,180 | -11.4 | -4.2 | 15,348 | 15,968 | -3.9 |
Proposals | 1,867 | 2,385 | 1,507 | -21.7 | 23.9 | 24,445 | 23,077 | 5.9 |
Manitoba | 220 | 267 | 190 | -17.6 | 15.8 | 2,852 | 2,643 | 7.9 |
Bankruptcies | 90 | 138 | 117 | -34.8 | -23.1 | 1,390 | 1,408 | -1.3 |
Proposals | 130 | 129 | 73 | 0.8 | 78.1 | 1,462 | 1,235 | 18.4 |
Saskatchewan | 252 | 303 | 247 | -16.8 | 2.0 | 3,498 | 3,258 | 7.4 |
Bankruptcies | 108 | 113 | 124 | -4.4 | -12.9 | 1,339 | 1,472 | -9.0 |
Proposals | 144 | 190 | 123 | -24.2 | 17.1 | 2,159 | 1,786 | 20.9 |
Alberta | 1,109 | 1,376 | 973 | -19.4 | 14.0 | 14,761 | 13,481 | 9.5 |
Bankruptcies | 363 | 456 | 359 | -20.4 | 1.1 | 5,087 | 5,139 | -1.0 |
Proposals | 746 | 920 | 614 | -18.9 | 21.5 | 9,674 | 8,342 | 16.0 |
British Columbia | 786 | 903 | 770 | -13.0 | 2.1 | 10,275 | 10,136 | 1.4 |
Bankruptcies | 278 | 330 | 299 | -15.8 | -7.0 | 4,147 | 4,263 | -2.7 |
Proposals | 508 | 573 | 471 | -11.3 | 7.9 | 6,128 | 5,873 | 4.3 |
Northwest Territories | 4 | 5 | 8 | -20.0 | -50.0 | 78 | 81 | -3.7 |
Bankruptcies | 4 | 4 | 4 | 0.0 | 0.0 | 42 | 52 | -19.2 |
Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 36 | 29 | 24.1 |
Yukon | 6 | 4 | 5 | 50.0 | 20.0 | 35 | 37 | -5.4 |
Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 13 | 18 | -27.8 |
Proposals | 4 | 2 | 3 | 100.0 | 33.3 | 22 | 19 | 15.8 |
Nunavut | 0 | 0 | 3 | n/a | -100.0 | 3 | 4 | -25.0 |
Bankruptcies | 0 | 0 | 2 | n/a | -100.0 | 0 | 2 | -100.0 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 3 | 2 | 50.0 |
Canada | 9,225 | 11,661 | 8,889 | -20.9 | 3.8 | 128,846 | 125,807 | 2.4 |
Bankruptcies | 4,087 | 4,887 | 4,354 | -16.4 | -6.1 | 57,768 | 60,669 | -4.8 |
Proposals | 5,138 | 6,774 | 4,535 | -24.2 | 13.3 | 71,078 | 65,138 | 9.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
December 2018 | November 2018 | December 2017 | Nov. 2018 to Dec. 2018 | Dec. 2017 to Dec. 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Newfoundland and Labrador | 190 | 268 | 164 | -29.1 | 15.9 | 2,802 | 2,479 | 13.0 |
Bankruptcies | 101 | 126 | 94 | -19.8 | 7.4 | 1,376 | 1,367 | 0.7 |
Proposals | 89 | 142 | 70 | -37.3 | 27.1 | 1,426 | 1,112 | 28.2 |
Prince Edward Island | 62 | 63 | 42 | -1.6 | 47.6 | 731 | 673 | 8.6 |
Bankruptcies | 34 | 35 | 21 | -2.9 | 61.9 | 426 | 387 | 10.1 |
Proposals | 28 | 28 | 21 | 0.0 | 33.3 | 305 | 286 | 6.6 |
Nova Scotia | 386 | 485 | 372 | -20.4 | 3.8 | 5,595 | 5,724 | -2.3 |
Bankruptcies | 240 | 295 | 259 | -18.6 | -7.3 | 3,483 | 3,807 | -8.5 |
Proposals | 146 | 190 | 113 | -23.2 | 29.2 | 2,112 | 1,917 | 10.2 |
New Brunswick | 337 | 433 | 351 | -22.2 | -4.0 | 4,480 | 4,361 | 2.7 |
Bankruptcies | 178 | 214 | 189 | -16.8 | -5.8 | 2,262 | 2,457 | -7.9 |
Proposals | 159 | 219 | 162 | -27.4 | -1.9 | 2,218 | 1,904 | 16.5 |
Quebec | 2,687 | 3,690 | 2,898 | -27.2 | -7.3 | 41,736 | 41,670 | 0.2 |
Bankruptcies | 1,401 | 1,754 | 1,567 | -20.1 | -10.6 | 21,188 | 22,647 | -6.4 |
Proposals | 1,286 | 1,936 | 1,331 | -33.6 | -3.4 | 20,548 | 19,023 | 8.0 |
Ontario | 2,933 | 3,562 | 2,613 | -17.7 | 12.2 | 38,856 | 38,167 | 1.8 |
Bankruptcies | 1,083 | 1,212 | 1,133 | -10.6 | -4.4 | 14,660 | 15,336 | -4.4 |
Proposals | 1,850 | 2,350 | 1,480 | -21.3 | 25.0 | 24,196 | 22,831 | 6.0 |
Manitoba | 219 | 265 | 187 | -17.4 | 17.1 | 2,824 | 2,604 | 8.4 |
Bankruptcies | 89 | 136 | 114 | -34.6 | -21.9 | 1,364 | 1,375 | -0.8 |
Proposals | 130 | 129 | 73 | 0.8 | 78.1 | 1,460 | 1,229 | 18.8 |
Saskatchewan | 249 | 289 | 236 | -13.8 | 5.5 | 3,399 | 3,122 | 8.9 |
Bankruptcies | 105 | 107 | 115 | -1.9 | -8.7 | 1,280 | 1,368 | -6.4 |
Proposals | 144 | 182 | 121 | -20.9 | 19.0 | 2,119 | 1,754 | 20.8 |
Alberta | 1,086 | 1,360 | 958 | -20.1 | 13.4 | 14,555 | 13,286 | 9.6 |
Bankruptcies | 342 | 440 | 350 | -22.3 | -2.3 | 4,925 | 5,008 | -1.7 |
Proposals | 744 | 920 | 608 | -19.1 | 22.4 | 9,630 | 8,278 | 16.3 |
British Columbia | 780 | 896 | 754 | -12.9 | 3.4 | 10,172 | 9,991 | 1.8 |
Bankruptcies | 273 | 325 | 292 | -16.0 | -6.5 | 4,072 | 4,146 | -1.8 |
Proposals | 507 | 571 | 462 | -11.2 | 9.7 | 6,100 | 5,845 | 4.4 |
Northwest Territories | 4 | 5 | 8 | -20.0 | -50.0 | 78 | 80 | -2.5 |
Bankruptcies | 4 | 4 | 4 | 0.0 | 0.0 | 42 | 51 | -17.6 |
Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 36 | 29 | 24.1 |
Yukon | 6 | 4 | 5 | 50.0 | 20.0 | 35 | 37 | -5.4 |
Bankruptcies | 2 | 2 | 2 | 0.0 | 0.0 | 13 | 18 | -27.8 |
Proposals | 4 | 2 | 3 | 100.0 | 33.3 | 22 | 19 | 15.8 |
Nunavut | 0 | 0 | 3 | n/a | -100.0 | 3 | 4 | -25.0 |
Bankruptcies | 0 | 0 | 2 | n/a | -100.0 | 0 | 2 | -100.0 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 3 | 2 | 50.0 |
Canada | 8,939 | 11,320 | 8,591 | -21.0 | 4.1 | 125,266 | 122,198 | 2.5 |
Bankruptcies | 3,852 | 4,650 | 4,142 | -17.2 | -7.0 | 55,091 | 57,969 | -5.0 |
Proposals | 5,087 | 6,670 | 4,449 | -23.7 | 14.3 | 70,175 | 64,229 | 9.3 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
December 2018 | November 2018 | December 2017 | Nov. 2018 to Dec. 2018 | Dec. 2017 to Dec. 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Newfoundland and Labrador | 3 | 5 | 0 | -40.0 | n/a | 24 | 36 | -33.3 |
Bankruptcies | 2 | 3 | 0 | -33.3 | n/a | 20 | 23 | -13.0 |
Proposals | 1 | 2 | 0 | -50.0 | n/a | 4 | 13 | -69.2 |
Prince Edward Island | 0 | 0 | 0 | n/a | n/a | 4 | 12 | -66.7 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 3 | 10 | -70.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 1 | 2 | -50.0 |
Nova Scotia | 1 | 5 | 3 | -80.0 | -66.7 | 47 | 49 | -4.1 |
Bankruptcies | 1 | 4 | 2 | -75.0 | -50.0 | 33 | 43 | -23.3 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 14 | 6 | 133.3 |
New Brunswick | 1 | 3 | 11 | -66.7 | -90.9 | 37 | 57 | -35.1 |
Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 32 | 43 | -25.6 |
Proposals | 0 | 1 | 8 | -100.0 | -100.0 | 5 | 14 | -64.3 |
Quebec | 183 | 190 | 165 | -3.7 | 10.9 | 2,095 | 2,061 | 1.6 |
Bankruptcies | 153 | 135 | 132 | 13.3 | 15.9 | 1,579 | 1,563 | 1.0 |
Proposals | 30 | 55 | 33 | -45.5 | -9.1 | 516 | 498 | 3.6 |
Ontario | 65 | 99 | 74 | -34.3 | -12.2 | 937 | 878 | 6.7 |
Bankruptcies | 48 | 64 | 47 | -25.0 | 2.1 | 688 | 632 | 8.9 |
Proposals | 17 | 35 | 27 | -51.4 | -37.0 | 249 | 246 | 1.2 |
Manitoba | 1 | 2 | 3 | -50.0 | -66.7 | 28 | 39 | -28.2 |
Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 26 | 33 | -21.2 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Saskatchewan | 3 | 14 | 11 | -78.6 | -72.7 | 99 | 136 | -27.2 |
Bankruptcies | 3 | 6 | 9 | -50.0 | -66.7 | 59 | 104 | -43.3 |
Proposals | 0 | 8 | 2 | -100.0 | -100.0 | 40 | 32 | 25.0 |
Alberta | 23 | 16 | 15 | 43.8 | 53.3 | 206 | 195 | 5.6 |
Bankruptcies | 21 | 16 | 9 | 31.3 | 133.3 | 162 | 131 | 23.7 |
Proposals | 2 | 0 | 6 | n/a | -66.7 | 44 | 64 | -31.3 |
British Columbia | 6 | 7 | 16 | -14.3 | -62.5 | 103 | 145 | -29.0 |
Bankruptcies | 5 | 5 | 7 | 0.0 | -28.6 | 75 | 117 | -35.9 |
Proposals | 1 | 2 | 9 | -50.0 | -88.9 | 28 | 28 | 0.0 |
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 | 286 | 341 | 298 | -16.1 | -4.0 | 3,580 | 3,609 | -0.8 |
Bankruptcies | 235 | 237 | 212 | -0.8 | 10.8 | 2,677 | 2,700 | -0.9 |
Proposals | 51 | 104 | 86 | -51.0 | -40.7 | 903 | 909 | -0.7 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
December 2018 | November 2018 | December 2017 | Nov. 2018 to Dec. 2018 | Dec. 2017 to Dec. 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 7 | 2 | 7 | 250.0 | 0.0 | 64 | 68 | -5.9 |
Bankruptcies | 5 | 2 | 5 | 150.0 | 0.0 | 46 | 49 | -6.1 |
Proposals | 2 | 0 | 2 | n/a | 0.0 | 18 | 19 | -5.3 |
Mining and Oil and Gas Extraction | 6 | 3 | 6 | 100.0 | 0.0 | 24 | 47 | -48.9 |
Bankruptcies | 5 | 3 | 3 | 66.7 | 66.7 | 15 | 30 | -50.0 |
Proposals | 1 | 0 | 3 | n/a | -66.7 | 9 | 17 | -47.1 |
Utilities | 1 | 1 | 1 | 0.0 | 0.0 | 8 | 6 | 33.3 |
Bankruptcies | 1 | 0 | 1 | n/a | 0.0 | 5 | 6 | -16.7 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 3 | 0 | n/a |
Construction | 52 | 64 | 59 | -18.8 | -11.9 | 723 | 660 | 9.5 |
Bankruptcies | 46 | 44 | 44 | 4.5 | 4.5 | 527 | 479 | 10.0 |
Proposals | 6 | 20 | 15 | -70.0 | -60.0 | 196 | 181 | 8.3 |
Manufacturing | 27 | 29 | 30 | -6.9 | -10.0 | 297 | 343 | -13.4 |
Bankruptcies | 21 | 20 | 15 | 5.0 | 40.0 | 213 | 238 | -10.5 |
Proposals | 6 | 9 | 15 | -33.3 | -60.0 | 84 | 105 | -20.0 |
Wholesale Trade | 14 | 17 | 16 | -17.6 | -12.5 | 157 | 172 | -8.7 |
Bankruptcies | 10 | 13 | 12 | -23.1 | -16.7 | 121 | 122 | -0.8 |
Proposals | 4 | 4 | 4 | 0.0 | 0.0 | 36 | 50 | -28.0 |
Retail Trade | 27 | 38 | 35 | -28.9 | -22.9 | 409 | 403 | 1.5 |
Bankruptcies | 24 | 26 | 33 | -7.7 | -27.3 | 322 | 319 | 0.9 |
Proposals | 3 | 12 | 2 | -75.0 | 50.0 | 87 | 84 | 3.6 |
Transportation and Warehousing | 10 | 19 | 13 | -47.4 | -23.1 | 230 | 223 | 3.1 |
Bankruptcies | 10 | 13 | 9 | -23.1 | 11.1 | 178 | 171 | 4.1 |
Proposals | 0 | 6 | 4 | -100.0 | -100.0 | 52 | 52 | 0.0 |
Information and Cultural Industries | 4 | 6 | 5 | -33.3 | -20.0 | 63 | 61 | 3.3 |
Bankruptcies | 3 | 4 | 5 | -25.0 | -40.0 | 49 | 46 | 6.5 |
Proposals | 1 | 2 | 0 | -50.0 | n/a | 14 | 15 | -6.7 |
Finance and Insurance | 4 | 11 | 5 | -63.6 | -20.0 | 64 | 66 | -3.0 |
Bankruptcies | 4 | 8 | 4 | -50.0 | 0.0 | 48 | 52 | -7.7 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 16 | 14 | 14.3 |
Real Estate and Rental and Leasing | 8 | 18 | 7 | -55.6 | 14.3 | 149 | 136 | 9.6 |
Bankruptcies | 7 | 9 | 5 | -22.2 | 40.0 | 105 | 98 | 7.1 |
Proposals | 1 | 9 | 2 | -88.9 | -50.0 | 44 | 38 | 15.8 |
Professional, Scientific and Technical Services | 17 | 28 | 22 | -39.3 | -22.7 | 249 | 256 | -2.7 |
Bankruptcies | 13 | 22 | 15 | -40.9 | -13.3 | 190 | 199 | -4.5 |
Proposals | 4 | 6 | 7 | -33.3 | -42.9 | 59 | 57 | 3.5 |
Management of Companies and Enterprises | 10 | 8 | 7 | 25.0 | 42.9 | 81 | 82 | -1.2 |
Bankruptcies | 6 | 8 | 5 | -25.0 | 20.0 | 66 | 64 | 3.1 |
Proposals | 4 | 0 | 2 | n/a | 100.0 | 15 | 18 | -16.7 |
Administrative and Support, Waste Management and Remediation Services | 8 | 14 | 10 | -42.9 | -20.0 | 157 | 150 | 4.7 |
Bankruptcies | 7 | 7 | 9 | 0.0 | -22.2 | 109 | 110 | -0.9 |
Proposals | 1 | 7 | 1 | -85.7 | 0.0 | 48 | 40 | 20.0 |
Educational Services | 2 | 4 | 2 | -50.0 | 0.0 | 29 | 37 | -21.6 |
Bankruptcies | 2 | 2 | 1 | 0.0 | 100.0 | 22 | 31 | -29.0 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 7 | 6 | 16.7 |
Health Care and Social Assistance | 6 | 10 | 10 | -40.0 | -40.0 | 80 | 81 | -1.2 |
Bankruptcies | 2 | 4 | 6 | -50.0 | -66.7 | 48 | 62 | -22.6 |
Proposals | 4 | 6 | 4 | -33.3 | 0.0 | 32 | 19 | 68.4 |
Arts, Entertainment and Recreation | 4 | 4 | 7 | 0.0 | -42.9 | 68 | 79 | -13.9 |
Bankruptcies | 4 | 1 | 6 | 300.0 | -33.3 | 52 | 59 | -11.9 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 16 | 20 | -20.0 |
Accommodation and Food Services | 53 | 48 | 37 | 10.4 | 43.2 | 537 | 544 | -1.3 |
Bankruptcies | 43 | 38 | 21 | 13.2 | 104.8 | 411 | 404 | 1.7 |
Proposals | 10 | 10 | 16 | 0.0 | -37.5 | 126 | 140 | -10.0 |
Other Services (except Public Administration) | 25 | 17 | 19 | 47.1 | 31.6 | 187 | 190 | -1.6 |
Bankruptcies | 21 | 13 | 13 | 61.5 | 61.5 | 147 | 157 | -6.4 |
Proposals | 4 | 4 | 6 | 0.0 | -33.3 | 40 | 33 | 21.2 |
Public Administration | 1 | 0 | 0 | n/a | n/a | 4 | 5 | -20.0 |
Bankruptcies | 1 | 0 | 0 | n/a | n/a | 3 | 4 | -25.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 1 | 1 | 0.0 |
Total | 286 | 341 | 298 | -16.1 | -4.0 | 3,580 | 3,609 | -0.8 |
Bankruptcies | 235 | 237 | 212 | -0.8 | 10.8 | 2,677 | 2,700 | -0.9 |
Proposals | 51 | 104 | 86 | -51.0 | -40.7 | 903 | 909 | -0.7 |