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Insolvency Statistics in Canada
April 2016
777 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 | |||||
---|---|---|---|---|---|---|---|---|
April 2016 | March 2016 | April 2015 | March 2016 to April 2016 | April 2015 to April 2016 | 04-30-2016 | 04-30-2015 | % Change | |
Newfoundland and Labrador | 216 | 209 | 180 | 3.3 | 20.0 | 2,035 | 1,620 | 25.6 |
Bankruptcies | 135 | 131 | 152 | 3.1 | -11.2 | 1,535 | 1,380 | 11.2 |
Proposals | 81 | 78 | 28 | 3.8 | 189.3 | 500 | 240 | 108.3 |
Prince Edward Island | 71 | 76 | 83 | -6.6 | -14.5 | 829 | 775 | 7.0 |
Bankruptcies | 52 | 46 | 50 | 13.0 | 4.0 | 536 | 526 | 1.9 |
Proposals | 19 | 30 | 33 | -36.7 | -42.4 | 293 | 249 | 17.7 |
Nova Scotia | 527 | 519 | 495 | 1.5 | 6.5 | 5,424 | 5,388 | 0.7 |
Bankruptcies | 382 | 374 | 383 | 2.1 | -0.3 | 3,832 | 3,847 | -0.4 |
Proposals | 145 | 145 | 112 | 0.0 | 29.5 | 1,592 | 1,541 | 3.3 |
New Brunswick | 418 | 356 | 394 | 17.4 | 6.1 | 4,452 | 4,355 | 2.2 |
Bankruptcies | 289 | 255 | 250 | 13.3 | 15.6 | 2,926 | 3,001 | -2.5 |
Proposals | 129 | 101 | 144 | 27.7 | -10.4 | 1,526 | 1,354 | 12.7 |
Quebec | 4,249 | 4,136 | 4,275 | 2.7 | -0.6 | 45,591 | 45,128 | 1.0 |
Bankruptcies | 2,526 | 2,285 | 2,475 | 10.5 | 2.1 | 26,249 | 26,139 | 0.4 |
Proposals | 1,723 | 1,851 | 1,800 | -6.9 | -4.3 | 19,342 | 18,989 | 1.9 |
Ontario | 3,755 | 3,866 | 3,841 | -2.9 | -2.2 | 40,959 | 41,851 | -2.1 |
Bankruptcies | 1,678 | 1,710 | 1,812 | -1.9 | -7.4 | 18,430 | 19,746 | -6.7 |
Proposals | 2,077 | 2,156 | 2,029 | -3.7 | 2.4 | 22,529 | 22,105 | 1.9 |
Manitoba | 243 | 228 | 165 | 6.6 | 47.3 | 2,329 | 2,028 | 14.8 |
Bankruptcies | 146 | 123 | 120 | 18.7 | 21.7 | 1,349 | 1,287 | 4.8 |
Proposals | 97 | 105 | 45 | -7.6 | 115.6 | 980 | 741 | 32.3 |
Saskatchewan | 274 | 271 | 199 | 1.1 | 37.7 | 2,551 | 2,070 | 23.2 |
Bankruptcies | 162 | 144 | 118 | 12.5 | 37.3 | 1,366 | 1,139 | 19.9 |
Proposals | 112 | 127 | 81 | -11.8 | 38.3 | 1,185 | 931 | 27.3 |
Alberta | 1,178 | 1,231 | 781 | -4.3 | 50.8 | 11,321 | 8,585 | 31.9 |
Bankruptcies | 506 | 523 | 376 | -3.3 | 34.6 | 4,897 | 3,954 | 23.8 |
Proposals | 672 | 708 | 405 | -5.1 | 65.9 | 6,424 | 4,631 | 38.7 |
British Columbia | 972 | 1,098 | 989 | -11.5 | -1.7 | 11,784 | 11,772 | 0.1 |
Bankruptcies | 438 | 497 | 522 | -11.9 | -16.1 | 5,576 | 6,333 | -12.0 |
Proposals | 534 | 601 | 467 | -11.1 | 14.3 | 6,208 | 5,439 | 14.1 |
Northwest Territories | 6 | 6 | 2 | 0.0 | 200.0 | 58 | 43 | 34.9 |
Bankruptcies | 5 | 3 | 1 | 66.7 | 400.0 | 33 | 24 | 37.5 |
Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 25 | 19 | 31.6 |
Yukon | 5 | 5 | 1 | 0.0 | 400.0 | 43 | 37 | 16.2 |
Bankruptcies | 4 | 3 | 0 | 33.3 | -- | 22 | 19 | 15.8 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 21 | 18 | 16.7 |
Nunavut | 1 | 0 | 0 | -- | -- | 10 | 5 | 100.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 5 | 3 | 66.7 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
Canada | 11,915 | 12,001 | 11,405 | -0.7 | 4.5 | 127,386 | 123,657 | 3.0 |
Bankruptcies | 6,324 | 6,094 | 6,259 | 3.8 | 1.0 | 66,756 | 67,398 | -1.0 |
Proposals | 5,591 | 5,907 | 5,146 | -5.3 | 8.6 | 60,630 | 56,259 | 7.8 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2016 | March 2016 | April 2015 | March 2016 to April 2016 | April 2015 to April 2016 | 04-30-2016 | 04-30-2015 | % Change | |
Newfoundland and Labrador | 214 | 207 | 178 | 3.4 | 20.2 | 2,009 | 1,592 | 26.2 |
Bankruptcies | 133 | 130 | 150 | 2.3 | -11.3 | 1,515 | 1,355 | 11.8 |
Proposals | 81 | 77 | 28 | 5.2 | 189.3 | 494 | 237 | 108.4 |
Prince Edward Island | 67 | 75 | 80 | -10.7 | -16.3 | 815 | 753 | 8.2 |
Bankruptcies | 50 | 45 | 47 | 11.1 | 6.4 | 526 | 509 | 3.3 |
Proposals | 17 | 30 | 33 | -43.3 | -48.5 | 289 | 244 | 18.4 |
Nova Scotia | 519 | 515 | 486 | 0.8 | 6.8 | 5,338 | 5,307 | 0.6 |
Bankruptcies | 376 | 370 | 376 | 1.6 | 0.0 | 3,760 | 3,792 | -0.8 |
Proposals | 143 | 145 | 110 | -1.4 | 30.0 | 1,578 | 1,515 | 4.2 |
New Brunswick | 413 | 348 | 390 | 18.7 | 5.9 | 4,377 | 4,274 | 2.4 |
Bankruptcies | 286 | 249 | 248 | 14.9 | 15.3 | 2,866 | 2,943 | -2.6 |
Proposals | 127 | 99 | 142 | 28.3 | -10.6 | 1,511 | 1,331 | 13.5 |
Quebec | 4,047 | 3,911 | 4,066 | 3.5 | -0.5 | 43,354 | 42,762 | 1.4 |
Bankruptcies | 2,376 | 2,106 | 2,324 | 12.8 | 2.2 | 24,540 | 24,441 | 0.4 |
Proposals | 1,671 | 1,805 | 1,742 | -7.4 | -4.1 | 18,814 | 18,321 | 2.7 |
Ontario | 3,657 | 3,778 | 3,724 | -3.2 | -1.8 | 39,923 | 40,703 | -1.9 |
Bankruptcies | 1,624 | 1,642 | 1,724 | -1.1 | -5.8 | 17,651 | 18,846 | -6.3 |
Proposals | 2,033 | 2,136 | 2,000 | -4.8 | 1.7 | 22,272 | 21,857 | 1.9 |
Manitoba | 237 | 226 | 162 | 4.9 | 46.3 | 2,285 | 1,987 | 15.0 |
Bankruptcies | 140 | 122 | 117 | 14.8 | 19.7 | 1,318 | 1,257 | 4.9 |
Proposals | 97 | 104 | 45 | -6.7 | 115.6 | 967 | 730 | 32.5 |
Saskatchewan | 263 | 253 | 190 | 4.0 | 38.4 | 2,415 | 1,972 | 22.5 |
Bankruptcies | 156 | 130 | 111 | 20.0 | 40.5 | 1,267 | 1,078 | 17.5 |
Proposals | 107 | 123 | 79 | -13.0 | 35.4 | 1,148 | 894 | 28.4 |
Alberta | 1,172 | 1,216 | 767 | -3.6 | 52.8 | 11,188 | 8,444 | 32.5 |
Bankruptcies | 500 | 515 | 368 | -2.9 | 35.9 | 4,803 | 3,854 | 24.6 |
Proposals | 672 | 701 | 399 | -4.1 | 68.4 | 6,385 | 4,590 | 39.1 |
British Columbia | 960 | 1,085 | 974 | -11.5 | -1.4 | 11,553 | 11,542 | 0.1 |
Bankruptcies | 427 | 486 | 510 | -12.1 | -16.3 | 5,410 | 6,156 | -12.1 |
Proposals | 533 | 599 | 464 | -11.0 | 14.9 | 6,143 | 5,386 | 14.1 |
Northwest Territories | 6 | 6 | 2 | 0.0 | 200.0 | 58 | 43 | 34.9 |
Bankruptcies | 5 | 3 | 1 | 66.7 | 400.0 | 33 | 24 | 37.5 |
Proposals | 1 | 3 | 1 | -66.7 | 0.0 | 25 | 19 | 31.6 |
Yukon | 5 | 5 | 1 | 0.0 | 400.0 | 43 | 36 | 19.4 |
Bankruptcies | 4 | 3 | 0 | 33.3 | -- | 22 | 19 | 15.8 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 21 | 17 | 23.5 |
Nunavut | 0 | 0 | 0 | -- | -- | 9 | 4 | 125.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 4 | 2 | 100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
Canada | 11,560 | 11,625 | 11,020 | -0.6 | 4.9 | 123,367 | 119,419 | 3.3 |
Bankruptcies | 6,077 | 5,801 | 5,976 | 4.8 | 1.7 | 63,715 | 64,276 | -0.9 |
Proposals | 5,483 | 5,824 | 5,044 | -5.9 | 8.7 | 59,652 | 55,143 | 8.2 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2016 | March 2016 | April 2015 | March 2016 to April 2016 | April 2015 to April 2016 | 04-30-2016 | 04-30-2015 | % Change | |
Newfoundland and Labrador | 2 | 2 | 2 | 0.0 | 0.0 | 26 | 28 | -7.1 |
Bankruptcies | 2 | 1 | 2 | 100.0 | 0.0 | 20 | 25 | -20.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 3 | 100.0 |
Prince Edward Island | 4 | 1 | 3 | 300.0 | 33.3 | 14 | 22 | -36.4 |
Bankruptcies | 2 | 1 | 3 | 100.0 | -33.3 | 10 | 17 | -41.2 |
Proposals | 2 | 0 | 0 | -- | -- | 4 | 5 | -20.0 |
Nova Scotia | 8 | 4 | 9 | 100.0 | -11.1 | 86 | 81 | 6.2 |
Bankruptcies | 6 | 4 | 7 | 50.0 | -14.3 | 72 | 55 | 30.9 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 14 | 26 | -46.2 |
New Brunswick | 5 | 8 | 4 | -37.5 | 25.0 | 75 | 81 | -7.4 |
Bankruptcies | 3 | 6 | 2 | -50.0 | 50.0 | 60 | 58 | 3.4 |
Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 15 | 23 | -34.8 |
Quebec | 202 | 225 | 209 | -10.2 | -3.3 | 2,237 | 2,366 | -5.5 |
Bankruptcies | 150 | 179 | 151 | -16.2 | -0.7 | 1,709 | 1,698 | 0.6 |
Proposals | 52 | 46 | 58 | 13.0 | -10.3 | 528 | 668 | -21.0 |
Ontario | 98 | 88 | 117 | 11.4 | -16.2 | 1,036 | 1,148 | -9.8 |
Bankruptcies | 54 | 68 | 88 | -20.6 | -38.6 | 779 | 900 | -13.4 |
Proposals | 44 | 20 | 29 | 120.0 | 51.7 | 257 | 248 | 3.6 |
Manitoba | 6 | 2 | 3 | 200.0 | 100.0 | 44 | 41 | 7.3 |
Bankruptcies | 6 | 1 | 3 | 500.0 | 100.0 | 31 | 30 | 3.3 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 13 | 11 | 18.2 |
Saskatchewan | 11 | 18 | 9 | -38.9 | 22.2 | 136 | 98 | 38.8 |
Bankruptcies | 6 | 14 | 7 | -57.1 | -14.3 | 99 | 61 | 62.3 |
Proposals | 5 | 4 | 2 | 25.0 | 150.0 | 37 | 37 | 0.0 |
Alberta | 6 | 15 | 14 | -60.0 | -57.1 | 133 | 141 | -5.7 |
Bankruptcies | 6 | 8 | 8 | -25.0 | -25.0 | 94 | 100 | -6.0 |
Proposals | 0 | 7 | 6 | -100.0 | -100.0 | 39 | 41 | -4.9 |
British Columbia | 12 | 13 | 15 | -7.7 | -20.0 | 231 | 230 | 0.4 |
Bankruptcies | 11 | 11 | 12 | 0.0 | -8.3 | 166 | 177 | -6.2 |
Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 65 | 53 | 22.6 |
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 | 1 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 355 | 376 | 385 | -5.6 | -7.8 | 4,019 | 4,238 | -5.2 |
Bankruptcies | 247 | 293 | 283 | -15.7 | -12.7 | 3,041 | 3,122 | -2.6 |
Proposals | 108 | 83 | 102 | 30.1 | 5.9 | 978 | 1,116 | -12.4 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
April 2016 | March 2016 | April 2015 | March 2016 to April 2016 | April 2015 to April 2016 | 04-30-2016 | 04-30-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 9 | 9 | 10 | 0.0 | -10.0 | 84 | 93 | -9.7 |
Bankruptcies | 6 | 8 | 6 | -25.0 | 0.0 | 55 | 53 | 3.8 |
Proposals | 3 | 1 | 4 | 200.0 | -25.0 | 29 | 40 | -27.5 |
Mining and Oil and Gas Extraction | 4 | 2 | 7 | 100.0 | -42.9 | 42 | 36 | 16.7 |
Bankruptcies | 1 | 1 | 5 | 0.0 | -80.0 | 30 | 17 | 76.5 |
Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 12 | 19 | -36.8 |
Utilities | 0 | 0 | 2 | -- | -100.0 | 12 | 12 | 0.0 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 7 | 8 | -12.5 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Construction | 76 | 74 | 82 | 2.7 | -7.3 | 759 | 739 | 2.7 |
Bankruptcies | 53 | 56 | 56 | -5.4 | -5.4 | 572 | 539 | 6.1 |
Proposals | 23 | 18 | 26 | 27.8 | -11.5 | 187 | 200 | -6.5 |
Manufacturing | 23 | 29 | 41 | -20.7 | -43.9 | 355 | 397 | -10.6 |
Bankruptcies | 17 | 21 | 27 | -19.0 | -37.0 | 262 | 277 | -5.4 |
Proposals | 6 | 8 | 14 | -25.0 | -57.1 | 93 | 120 | -22.5 |
Wholesale Trade | 16 | 19 | 19 | -15.8 | -15.8 | 183 | 229 | -20.1 |
Bankruptcies | 12 | 17 | 16 | -29.4 | -25.0 | 138 | 164 | -15.9 |
Proposals | 4 | 2 | 3 | 100.0 | 33.3 | 45 | 65 | -30.8 |
Retail Trade | 50 | 45 | 41 | 11.1 | 22.0 | 509 | 514 | -1.0 |
Bankruptcies | 37 | 32 | 35 | 15.6 | 5.7 | 385 | 380 | 1.3 |
Proposals | 13 | 13 | 6 | 0.0 | 116.7 | 124 | 134 | -7.5 |
Transportation and Warehousing | 24 | 15 | 21 | 60.0 | 14.3 | 201 | 264 | -23.9 |
Bankruptcies | 17 | 13 | 14 | 30.8 | 21.4 | 149 | 180 | -17.2 |
Proposals | 7 | 2 | 7 | 250.0 | 0.0 | 52 | 84 | -38.1 |
Information and Cultural Industries | 1 | 12 | 9 | -91.7 | -88.9 | 73 | 74 | -1.4 |
Bankruptcies | 1 | 11 | 5 | -90.9 | -80.0 | 61 | 52 | 17.3 |
Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 12 | 22 | -45.5 |
Finance and Insurance | 3 | 9 | 7 | -66.7 | -57.1 | 67 | 82 | -18.3 |
Bankruptcies | 2 | 6 | 5 | -66.7 | -60.0 | 50 | 66 | -24.2 |
Proposals | 1 | 3 | 2 | -66.7 | -50.0 | 17 | 16 | 6.3 |
Real Estate and Rental and Leasing | 23 | 10 | 10 | 130.0 | 130.0 | 152 | 128 | 18.8 |
Bankruptcies | 6 | 8 | 7 | -25.0 | -14.3 | 108 | 98 | 10.2 |
Proposals | 17 | 2 | 3 | 750.0 | 466.7 | 44 | 30 | 46.7 |
Professional, Scientific and Technical Services | 34 | 32 | 28 | 6.3 | 21.4 | 299 | 297 | 0.7 |
Bankruptcies | 26 | 27 | 24 | -3.7 | 8.3 | 232 | 236 | -1.7 |
Proposals | 8 | 5 | 4 | 60.0 | 100.0 | 67 | 61 | 9.8 |
Management of Companies and Enterprises | 8 | 5 | 8 | 60.0 | 0.0 | 63 | 65 | -3.1 |
Bankruptcies | 3 | 5 | 2 | -40.0 | 50.0 | 48 | 46 | 4.3 |
Proposals | 5 | 0 | 6 | -- | -16.7 | 15 | 19 | -21.1 |
Administrative and Support, Waste Management and Remediation Services | 10 | 14 | 16 | -28.6 | -37.5 | 189 | 220 | -14.1 |
Bankruptcies | 9 | 8 | 15 | 12.5 | -40.0 | 138 | 163 | -15.3 |
Proposals | 1 | 6 | 1 | -83.3 | 0.0 | 51 | 57 | -10.5 |
Educational Services | 0 | 4 | 4 | -100.0 | -100.0 | 29 | 49 | -40.8 |
Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 21 | 40 | -47.5 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 8 | 9 | -11.1 |
Health Care and Social Assistance | 5 | 7 | 7 | -28.6 | -28.6 | 77 | 92 | -16.3 |
Bankruptcies | 3 | 6 | 4 | -50.0 | -25.0 | 53 | 69 | -23.2 |
Proposals | 2 | 1 | 3 | 100.0 | -33.3 | 24 | 23 | 4.3 |
Arts, Entertainment and Recreation | 7 | 8 | 6 | -12.5 | 16.7 | 71 | 83 | -14.5 |
Bankruptcies | 6 | 8 | 4 | -25.0 | 50.0 | 60 | 61 | -1.6 |
Proposals | 1 | 0 | 2 | -- | -50.0 | 11 | 22 | -50.0 |
Accommodation and Food Services | 44 | 54 | 52 | -18.5 | -15.4 | 653 | 661 | -1.2 |
Bankruptcies | 33 | 42 | 41 | -21.4 | -19.5 | 507 | 513 | -1.2 |
Proposals | 11 | 12 | 11 | -8.3 | 0.0 | 146 | 148 | -1.4 |
Other Services (except Public Administration) | 18 | 28 | 15 | -35.7 | 20.0 | 195 | 203 | -3.9 |
Bankruptcies | 15 | 22 | 12 | -31.8 | 25.0 | 159 | 160 | -0.6 |
Proposals | 3 | 6 | 3 | -50.0 | 0.0 | 36 | 43 | -16.3 |
Public Administration | 0 | 0 | 0 | -- | -- | 6 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 6 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 355 | 376 | 385 | -5.6 | -7.8 | 4,019 | 4,238 | -5.2 |
Bankruptcies | 247 | 293 | 283 | -15.7 | -12.7 | 3,041 | 3,122 | -2.6 |
Proposals | 108 | 83 | 102 | 30.1 | 5.9 | 978 | 1,116 | -12.4 |