CCAA Statistics in Canada—First Quarter of 2014

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Tables

Definitions

CCAA:

The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA
proceedings are carried out under supervision of the courts.

Cross-Border Proceedings:

When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.

North American Industry Classification System (NAICS):

The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

Table 1: Total CCAA Proceedings—Domestic
no dataVolume+/-
Change
12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-201403-31-2013+/-
Change
Total Domestic Proceedings FiledFootnote 14136-9-23031-1
Filing Affiliates
21244-122-217713245
Filed by Publicly-Traded Companies
040-40972
Filed by Privately-Held Companies
496-5-22124-3
Total Liabilities—
Book Value ($millions)Footnote 2
$263.638$1,803.886$404.649-$1,540.248-$141.010$2,906.278$4,660.732-$1,754.455
% of Secured Liabilities
83.06%36.11%75.38%  42.76%54.78% 
% of Unsecured Liabilities
16.94%63.89%24.62%  57.24%45.22% 
Total Assets — Book Value ($millions)$185.138$1,875.780$350.992-$1,690.642-$165.854$3,201.649$6,443.330-$3,241.681
Table 2: Total CCAA Proceedings—Cross-Border
no dataVolume+/-
Change
12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-201403-31-2013+/-
Change
Total Cross-Border Proceedings FiledFootnote 30000005-5
Foreign Main Proceedings
0000005-5
Foreign Non-Main Proceedings
00000000
Total Liabilities—
Book Value ($millions)Footnote 4
$0.000$0.000$0.000$0.000$0.000$0.000$2,994.515Footnote 5Footnote 6-$2,994.515Footnote 5Footnote 6
Total Assets—
Book Value ($millions)
$0.000$0.000$0.000$0.000$0.000$0.000$4,898.846Footnote 5Footnote 6-$4,898.846Footnote 5Footnote 6
Table 3: Total CCAA Proceedings Filed by Province
Empty cellVolume+/-
Change
12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-201403-31-2013+/-
Change
Newfoundland and Labradorno datano datano datano datano datano datano datano data
Domesticno datano datano datano datano datano datano datano data
Cross-Borderno datano datano datano datano datano datano datano data
Prince Edward Island1  111 1
Domestic1  111 1
Cross-Border        
Nova Scotia        
Domestic        
Cross-Border        
New Brunswick      1-1
Domestic      1-1
Cross-Border        
Quebec231-11734
Domestic231-11734
Cross-Border        
Ontario154-4-31014-4
Domestic154-4-31010 
Cross-Border      4-4
Manitoba     11 
Domestic     11 
Cross-Border        
Saskatchewan        
Domestic        
Cross-Border        
Alberta 11-1-1512-7
Domestic 11-1-1512-7
Cross-Border        
British Columbia 4 -4 651
Domestic 4 -4 642
Cross-Border      1-1
Northwest Territoriesno datano datano datano datano datano datano datano data
Domesticno datano datano datano datano datano datano datano data
Cross-Borderno datano datano datano datano datano datano datano data
Yukonno datano datano datano datano datano datano datano data
Domesticno datano datano datano datano datano datano datano data
Cross-Borderno datano datano datano datano datano datano datano data
Nunavutno datano datano datano datano datano datano datano data
Domesticno datano datano datano datano datano datano datano data
Cross-Borderno datano datano datano datano datano datano datano data
Canada4136-9-23036-6
Domestic4136-9-23031-1
Cross-Border      5-5
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 7
SectorVolume+/-
Change
12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013
Q1 2014
Q1 2013
Q1 2014
03-31-201403-31-2013+/-
Change
Agriculture, Forestry, Fishing and Hunting 1 -1 14-3
Domestic 1 -1 14-3
Cross-Border        
Mining and Oil and Gas Extraction 3 -3 844
Domestic 3 -3 844
Cross-Border        
Utilities        
Domestic        
Cross-Border        
Construction 2 -2 57-2
Domestic 2 -2 57-2
Cross-Border        
Manufacturing112 -138-5
Domestic112 -137-4
Cross-Border      1-1
Wholesale Trade 1 -1 1 1
Domestic 1 -1 1 1
Cross-Border        
Retail Trade  2 -214-3
Domestic  2 -214-3
Cross-Border        
Transportation and Warehousing 11-1-122 
Domestic 11-1-1211
Cross-Border      1-1
Information and Cultural Industries 1 -1 13-2
Domestic 1 -1 11 
Cross-Border      2-2
Finance and Insurance11  122 
Domestic11  122 
Cross-Border        
Real Estate, Rental and Leasing21 123 3
Domestic21 123 3
Cross-Border        
Professional, Scientific and Technical Services     11 
Domestic     1 1
Cross-Border      1-1
Management of Companies and Enterprises 1 -1 12-1
Domestic 1 -1 12-1
Cross-Border        
Administrative and Support, Waste Management and Remediation Services        
Domestic        
Cross-Border        
Educational Services        
Domestic        
Cross-Border        
Health Care and Social Assistance        
Domestic        
Cross-Border        
Arts, Entertainment and Recreation 11-1-111 
Domestic 11-1-111 
Cross-Border        
Accommodation and Food Services        
Domestic        
Cross-Border        
Other Services (except Public Administration)     1 1
Domestic     1 1
Cross-Border        
Public Administration        
Domestic        
Cross-Border        
Canada4146-10-23138-7
Domestic4146-10-23133-2
Cross-Border      5-5