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Insolvency Statistics in Canada
June 2016
860 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 | |||||
---|---|---|---|---|---|---|---|---|
June 2016 | May 2016 | June 2015 | May 2016 to June 2016 | June 2015 to June 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Newfoundland and Labrador | 251 | 234 | 179 | 7.3 | 40.2 | 2,188 | 1,665 | 31.4 |
Bankruptcies | 166 | 158 | 145 | 5.1 | 14.5 | 1,582 | 1,400 | 13.0 |
Proposals | 85 | 76 | 34 | 11.8 | 150.0 | 606 | 265 | 128.7 |
Prince Edward Island | 73 | 64 | 68 | 14.1 | 7.4 | 827 | 789 | 4.8 |
Bankruptcies | 35 | 37 | 38 | -5.4 | -7.9 | 519 | 523 | -0.8 |
Proposals | 38 | 27 | 30 | 40.7 | 26.7 | 308 | 266 | 15.8 |
Nova Scotia | 563 | 581 | 503 | -3.1 | 11.9 | 5,641 | 5,346 | 5.5 |
Bankruptcies | 392 | 427 | 349 | -8.2 | 12.3 | 3,996 | 3,805 | 5.0 |
Proposals | 171 | 154 | 154 | 11.0 | 11.0 | 1,645 | 1,541 | 6.7 |
New Brunswick | 386 | 448 | 394 | -13.8 | -2.0 | 4,457 | 4,435 | 0.5 |
Bankruptcies | 250 | 309 | 263 | -19.1 | -4.9 | 2,952 | 3,005 | -1.8 |
Proposals | 136 | 139 | 131 | -2.2 | 3.8 | 1,505 | 1,430 | 5.2 |
Quebec | 3,926 | 4,068 | 3,775 | -3.5 | 4.0 | 45,961 | 45,510 | 1.0 |
Bankruptcies | 2,227 | 2,375 | 2,233 | -6.2 | -0.3 | 26,337 | 26,222 | 0.4 |
Proposals | 1,699 | 1,693 | 1,542 | 0.4 | 10.2 | 19,624 | 19,288 | 1.7 |
Ontario | 3,614 | 3,683 | 3,559 | -1.9 | 1.5 | 41,229 | 41,621 | -0.9 |
Bankruptcies | 1,610 | 1,667 | 1,657 | -3.4 | -2.8 | 18,402 | 19,577 | -6.0 |
Proposals | 2,004 | 2,016 | 1,902 | -0.6 | 5.4 | 22,827 | 22,044 | 3.6 |
Manitoba | 247 | 243 | 187 | 1.6 | 32.1 | 2,450 | 2,054 | 19.3 |
Bankruptcies | 145 | 133 | 125 | 9.0 | 16.0 | 1,380 | 1,330 | 3.8 |
Proposals | 102 | 110 | 62 | -7.3 | 64.5 | 1,070 | 724 | 47.8 |
Saskatchewan | 291 | 258 | 189 | 12.8 | 54.0 | 2,722 | 2,111 | 28.9 |
Bankruptcies | 133 | 124 | 96 | 7.3 | 38.5 | 1,425 | 1,137 | 25.3 |
Proposals | 158 | 134 | 93 | 17.9 | 69.9 | 1,297 | 974 | 33.2 |
Alberta | 1,219 | 1,162 | 877 | 4.9 | 39.0 | 11,973 | 8,817 | 35.8 |
Bankruptcies | 491 | 487 | 409 | 0.8 | 20.0 | 5,118 | 3,997 | 28.0 |
Proposals | 728 | 675 | 468 | 7.9 | 55.6 | 6,855 | 4,820 | 42.2 |
British Columbia | 1,016 | 1,026 | 1,079 | -1.0 | -5.8 | 11,769 | 11,680 | 0.8 |
Bankruptcies | 431 | 460 | 536 | -6.3 | -19.6 | 5,444 | 6,108 | -10.9 |
Proposals | 585 | 566 | 543 | 3.4 | 7.7 | 6,325 | 5,572 | 13.5 |
Northwest Territories | 5 | 3 | 6 | 66.7 | -16.7 | 58 | 42 | 38.1 |
Bankruptcies | 3 | 1 | 4 | 200.0 | -25.0 | 32 | 23 | 39.1 |
Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 26 | 19 | 36.8 |
Yukon | 9 | 4 | 3 | 125.0 | 200.0 | 51 | 37 | 37.8 |
Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 27 | 17 | 58.8 |
Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 24 | 20 | 20.0 |
Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 10 | 6 | 66.7 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 4 | 4 | 0.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 2 | 200.0 |
Canada | 11,600 | 11,775 | 10,820 | -1.5 | 7.2 | 129,336 | 124,113 | 4.2 |
Bankruptcies | 5,886 | 6,181 | 5,857 | -4.8 | 0.5 | 67,218 | 67,148 | 0.1 |
Proposals | 5,714 | 5,594 | 4,963 | 2.1 | 15.1 | 62,118 | 56,965 | 9.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2016 | May 2016 | June 2015 | May 2016 to June 2016 | June 2015 to June 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Newfoundland and Labrador | 250 | 230 | 176 | 8.7 | 42.0 | 2,161 | 1,638 | 31.9 |
Bankruptcies | 165 | 156 | 142 | 5.8 | 16.2 | 1,563 | 1,375 | 13.7 |
Proposals | 85 | 74 | 34 | 14.9 | 150.0 | 598 | 263 | 127.4 |
Prince Edward Island | 71 | 62 | 67 | 14.5 | 6.0 | 812 | 770 | 5.5 |
Bankruptcies | 34 | 37 | 38 | -8.1 | -10.5 | 510 | 509 | 0.2 |
Proposals | 37 | 25 | 29 | 48.0 | 27.6 | 302 | 261 | 15.7 |
Nova Scotia | 554 | 573 | 486 | -3.3 | 14.0 | 5,565 | 5,254 | 5.9 |
Bankruptcies | 384 | 421 | 339 | -8.8 | 13.3 | 3,929 | 3,743 | 5.0 |
Proposals | 170 | 152 | 147 | 11.8 | 15.6 | 1,636 | 1,511 | 8.3 |
New Brunswick | 383 | 441 | 392 | -13.2 | -2.3 | 4,382 | 4,358 | 0.6 |
Bankruptcies | 248 | 303 | 262 | -18.2 | -5.3 | 2,892 | 2,951 | -2.0 |
Proposals | 135 | 138 | 130 | -2.2 | 3.8 | 1,490 | 1,407 | 5.9 |
Quebec | 3,743 | 3,888 | 3,585 | -3.7 | 4.4 | 43,715 | 43,154 | 1.3 |
Bankruptcies | 2,091 | 2,245 | 2,092 | -6.9 | 0.0 | 24,626 | 24,517 | 0.4 |
Proposals | 1,652 | 1,643 | 1,493 | 0.5 | 10.6 | 19,089 | 18,637 | 2.4 |
Ontario | 3,531 | 3,591 | 3,470 | -1.7 | 1.8 | 40,201 | 40,465 | -0.7 |
Bankruptcies | 1,542 | 1,596 | 1,590 | -3.4 | -3.0 | 17,624 | 18,671 | -5.6 |
Proposals | 1,989 | 1,995 | 1,880 | -0.3 | 5.8 | 22,577 | 21,794 | 3.6 |
Manitoba | 241 | 236 | 184 | 2.1 | 31.0 | 2,398 | 2,018 | 18.8 |
Bankruptcies | 141 | 130 | 122 | 8.5 | 15.6 | 1,345 | 1,305 | 3.1 |
Proposals | 100 | 106 | 62 | -5.7 | 61.3 | 1,053 | 713 | 47.7 |
Saskatchewan | 284 | 248 | 178 | 14.5 | 59.6 | 2,585 | 2,022 | 27.8 |
Bankruptcies | 126 | 117 | 88 | 7.7 | 43.2 | 1,323 | 1,079 | 22.6 |
Proposals | 158 | 131 | 90 | 20.6 | 75.6 | 1,262 | 943 | 33.8 |
Alberta | 1,202 | 1,152 | 859 | 4.3 | 39.9 | 11,843 | 8,667 | 36.6 |
Bankruptcies | 475 | 480 | 393 | -1.0 | 20.9 | 5,027 | 3,887 | 29.3 |
Proposals | 727 | 672 | 466 | 8.2 | 56.0 | 6,816 | 4,780 | 42.6 |
British Columbia | 993 | 1,008 | 1,056 | -1.5 | -6.0 | 11,532 | 11,469 | 0.5 |
Bankruptcies | 413 | 444 | 517 | -7.0 | -20.1 | 5,270 | 5,951 | -11.4 |
Proposals | 580 | 564 | 539 | 2.8 | 7.6 | 6,262 | 5,518 | 13.5 |
Northwest Territories | 5 | 3 | 6 | 66.7 | -16.7 | 58 | 42 | 38.1 |
Bankruptcies | 3 | 1 | 4 | 200.0 | -25.0 | 32 | 23 | 39.1 |
Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 26 | 19 | 36.8 |
Yukon | 9 | 4 | 3 | 125.0 | 200.0 | 51 | 36 | 41.7 |
Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 27 | 17 | 58.8 |
Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 24 | 19 | 26.3 |
Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 9 | 5 | 80.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 3 | 3 | 0.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 2 | 200.0 |
Canada | 11,266 | 11,437 | 10,463 | -1.5 | 7.7 | 125,312 | 119,898 | 4.5 |
Bankruptcies | 5,625 | 5,933 | 5,589 | -5.2 | 0.6 | 64,171 | 64,031 | 0.2 |
Proposals | 5,641 | 5,504 | 4,874 | 2.5 | 15.7 | 61,141 | 55,867 | 9.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2016 | May 2016 | June 2015 | May 2016 to June 2016 | June 2015 to June 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Newfoundland and Labrador | 1 | 4 | 3 | -75.0 | -66.7 | 27 | 27 | 0.0 |
Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 19 | 25 | -24.0 |
Proposals | 0 | 2 | 0 | -100.0 | -- | 8 | 2 | 300.0 |
Prince Edward Island | 2 | 2 | 1 | 0.0 | 100.0 | 15 | 19 | -21.1 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 9 | 14 | -35.7 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 6 | 5 | 20.0 |
Nova Scotia | 9 | 8 | 17 | 12.5 | -47.1 | 76 | 92 | -17.4 |
Bankruptcies | 8 | 6 | 10 | 33.3 | -20.0 | 67 | 62 | 8.1 |
Proposals | 1 | 2 | 7 | -50.0 | -85.7 | 9 | 30 | -70.0 |
New Brunswick | 3 | 7 | 2 | -57.1 | 50.0 | 75 | 77 | -2.6 |
Bankruptcies | 2 | 6 | 1 | -66.7 | 100.0 | 60 | 54 | 11.1 |
Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 15 | 23 | -34.8 |
Quebec | 183 | 180 | 190 | 1.7 | -3.7 | 2,246 | 2,356 | -4.7 |
Bankruptcies | 136 | 130 | 141 | 4.6 | -3.5 | 1,711 | 1,705 | 0.4 |
Proposals | 47 | 50 | 49 | -6.0 | -4.1 | 535 | 651 | -17.8 |
Ontario | 83 | 92 | 89 | -9.8 | -6.7 | 1,028 | 1,156 | -11.1 |
Bankruptcies | 68 | 71 | 67 | -4.2 | 1.5 | 778 | 906 | -14.1 |
Proposals | 15 | 21 | 22 | -28.6 | -31.8 | 250 | 250 | 0.0 |
Manitoba | 6 | 7 | 3 | -14.3 | 100.0 | 52 | 36 | 44.4 |
Bankruptcies | 4 | 3 | 3 | 33.3 | 33.3 | 35 | 25 | 40.0 |
Proposals | 2 | 4 | 0 | -50.0 | -- | 17 | 11 | 54.5 |
Saskatchewan | 7 | 10 | 11 | -30.0 | -36.4 | 137 | 89 | 53.9 |
Bankruptcies | 7 | 7 | 8 | 0.0 | -12.5 | 102 | 58 | 75.9 |
Proposals | 0 | 3 | 3 | -100.0 | -100.0 | 35 | 31 | 12.9 |
Alberta | 17 | 10 | 18 | 70.0 | -5.6 | 130 | 150 | -13.3 |
Bankruptcies | 16 | 7 | 16 | 128.6 | 0.0 | 91 | 110 | -17.3 |
Proposals | 1 | 3 | 2 | -66.7 | -50.0 | 39 | 40 | -2.5 |
British Columbia | 23 | 18 | 23 | 27.8 | 0.0 | 237 | 211 | 12.3 |
Bankruptcies | 18 | 16 | 19 | 12.5 | -5.3 | 174 | 157 | 10.8 |
Proposals | 5 | 2 | 4 | 150.0 | 25.0 | 63 | 54 | 16.7 |
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 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 334 | 338 | 357 | -1.2 | -6.4 | 4,024 | 4,215 | -4.5 |
Bankruptcies | 261 | 248 | 268 | 5.2 | -2.6 | 3,047 | 3,117 | -2.2 |
Proposals | 73 | 90 | 89 | -18.9 | -18.0 | 977 | 1,098 | -11.0 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
June 2016 | May 2016 | June 2015 | May 2016 to June 2016 | June 2015 to June 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 3 | 2 | 5 | 50.0 | -40.0 | 78 | 86 | -9.3 |
Bankruptcies | 3 | 0 | 1 | -- | 200.0 | 55 | 44 | 25.0 |
Proposals | 0 | 2 | 4 | -100.0 | -100.0 | 23 | 42 | -45.2 |
Mining and Oil and Gas Extraction | 7 | 2 | 3 | 250.0 | 133.3 | 46 | 38 | 21.1 |
Bankruptcies | 7 | 1 | 3 | 600.0 | 133.3 | 33 | 21 | 57.1 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 13 | 17 | -23.5 |
Utilities | 2 | 0 | 1 | -- | 100.0 | 12 | 13 | -7.7 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 5 | 10 | -50.0 |
Proposals | 2 | 0 | 0 | -- | -- | 7 | 3 | 133.3 |
Construction | 42 | 62 | 71 | -32.3 | -40.8 | 734 | 729 | 0.7 |
Bankruptcies | 33 | 44 | 54 | -25.0 | -38.9 | 557 | 527 | 5.7 |
Proposals | 9 | 18 | 17 | -50.0 | -47.1 | 177 | 202 | -12.4 |
Manufacturing | 23 | 30 | 28 | -23.3 | -17.9 | 350 | 384 | -8.9 |
Bankruptcies | 17 | 23 | 18 | -26.1 | -5.6 | 261 | 266 | -1.9 |
Proposals | 6 | 7 | 10 | -14.3 | -40.0 | 89 | 118 | -24.6 |
Wholesale Trade | 13 | 14 | 15 | -7.1 | -13.3 | 178 | 224 | -20.5 |
Bankruptcies | 10 | 13 | 10 | -23.1 | 0.0 | 137 | 163 | -16.0 |
Proposals | 3 | 1 | 5 | 200.0 | -40.0 | 41 | 61 | -32.8 |
Retail Trade | 37 | 46 | 36 | -19.6 | 2.8 | 527 | 501 | 5.2 |
Bankruptcies | 29 | 32 | 27 | -9.4 | 7.4 | 394 | 375 | 5.1 |
Proposals | 8 | 14 | 9 | -42.9 | -11.1 | 133 | 126 | 5.6 |
Transportation and Warehousing | 30 | 19 | 21 | 57.9 | 42.9 | 213 | 275 | -22.5 |
Bankruptcies | 26 | 12 | 14 | 116.7 | 85.7 | 164 | 183 | -10.4 |
Proposals | 4 | 7 | 7 | -42.9 | -42.9 | 49 | 92 | -46.7 |
Information and Cultural Industries | 3 | 4 | 7 | -25.0 | -57.1 | 68 | 80 | -15.0 |
Bankruptcies | 2 | 4 | 6 | -50.0 | -66.7 | 59 | 55 | 7.3 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 9 | 25 | -64.0 |
Finance and Insurance | 8 | 8 | 8 | 0.0 | 0.0 | 68 | 91 | -25.3 |
Bankruptcies | 6 | 4 | 7 | 50.0 | -14.3 | 51 | 70 | -27.1 |
Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 17 | 21 | -19.0 |
Real Estate and Rental and Leasing | 9 | 16 | 12 | -43.8 | -25.0 | 156 | 120 | 30.0 |
Bankruptcies | 8 | 12 | 12 | -33.3 | -33.3 | 109 | 95 | 14.7 |
Proposals | 1 | 4 | 0 | -75.0 | -- | 47 | 25 | 88.0 |
Professional, Scientific and Technical Services | 35 | 23 | 28 | 52.2 | 25.0 | 302 | 301 | 0.3 |
Bankruptcies | 26 | 16 | 20 | 62.5 | 30.0 | 231 | 243 | -4.9 |
Proposals | 9 | 7 | 8 | 28.6 | 12.5 | 71 | 58 | 22.4 |
Management of Companies and Enterprises | 5 | 5 | 7 | 0.0 | -28.6 | 64 | 62 | 3.2 |
Bankruptcies | 5 | 4 | 5 | 25.0 | 0.0 | 50 | 44 | 13.6 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 14 | 18 | -22.2 |
Administrative and Support, Waste Management and Remediation Services | 20 | 16 | 18 | 25.0 | 11.1 | 194 | 211 | -8.1 |
Bankruptcies | 12 | 16 | 15 | -25.0 | -20.0 | 140 | 161 | -13.0 |
Proposals | 8 | 0 | 3 | -- | 166.7 | 54 | 50 | 8.0 |
Educational Services | 4 | 5 | 2 | -20.0 | 100.0 | 34 | 40 | -15.0 |
Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 22 | 32 | -31.3 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 12 | 8 | 50.0 |
Health Care and Social Assistance | 8 | 5 | 10 | 60.0 | -20.0 | 75 | 93 | -19.4 |
Bankruptcies | 7 | 4 | 5 | 75.0 | 40.0 | 54 | 69 | -21.7 |
Proposals | 1 | 1 | 5 | 0.0 | -80.0 | 21 | 24 | -12.5 |
Arts, Entertainment and Recreation | 9 | 10 | 3 | -10.0 | 200.0 | 80 | 79 | 1.3 |
Bankruptcies | 6 | 7 | 2 | -14.3 | 200.0 | 64 | 59 | 8.5 |
Proposals | 3 | 3 | 1 | 0.0 | 200.0 | 16 | 20 | -20.0 |
Accommodation and Food Services | 67 | 60 | 68 | 11.7 | -1.5 | 659 | 683 | -3.5 |
Bankruptcies | 53 | 45 | 54 | 17.8 | -1.9 | 506 | 539 | -6.1 |
Proposals | 14 | 15 | 14 | -6.7 | 0.0 | 153 | 144 | 6.3 |
Other Services (except Public Administration) | 9 | 11 | 14 | -18.2 | -35.7 | 181 | 204 | -11.3 |
Bankruptcies | 8 | 9 | 12 | -11.1 | -33.3 | 150 | 160 | -6.3 |
Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 31 | 44 | -29.5 |
Public Administration | 0 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 5 | 1 | 400.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Total | 334 | 338 | 357 | -1.2 | -6.4 | 4,024 | 4,215 | -4.5 |
Bankruptcies | 261 | 248 | 268 | 5.2 | -2.6 | 3,047 | 3,117 | -2.2 |
Proposals | 73 | 90 | 89 | -18.9 | -18.0 | 977 | 1,098 | -11.0 |