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Insolvency Statistics in Canada
November 2016
764 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 | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2016 | Oct. 2016 | Nov. 2015 | Oct. 2016 to Nov. 2016 | Nov. 2015 to Nov. 2016 | 11-30-2016 | 11-30-2015 | % Change | |
Newfoundland and Labrador | 237 | 172 | 161 | 37.8 | 47.2 | 2,379 | 1,821 | 30.6 |
Bankruptcies | 163 | 103 | 110 | 58.3 | 48.2 | 1,582 | 1,489 | 6.2 |
Proposals | 74 | 69 | 51 | 7.2 | 45.1 | 797 | 332 | 140.1 |
Prince Edward Island | 78 | 74 | 81 | 5.4 | -3.7 | 830 | 818 | 1.5 |
Bankruptcies | 49 | 48 | 58 | 2.1 | -15.5 | 515 | 522 | -1.3 |
Proposals | 29 | 26 | 23 | 11.5 | 26.1 | 315 | 296 | 6.4 |
Nova Scotia | 553 | 505 | 456 | 9.5 | 21.3 | 6,030 | 5,327 | 13.2 |
Bankruptcies | 402 | 362 | 313 | 11.0 | 28.4 | 4,269 | 3,730 | 14.5 |
Proposals | 151 | 143 | 143 | 5.6 | 5.6 | 1,761 | 1,597 | 10.3 |
New Brunswick | 398 | 423 | 346 | -5.9 | 15.0 | 4,481 | 4,444 | 0.8 |
Bankruptcies | 246 | 266 | 221 | -7.5 | 11.3 | 2,933 | 2,914 | 0.7 |
Proposals | 152 | 157 | 125 | -3.2 | 21.6 | 1,548 | 1,530 | 1.2 |
Quebec | 3,860 | 3,793 | 3,793 | 1.8 | 1.8 | 45,385 | 45,881 | -1.1 |
Bankruptcies | 2,193 | 2,215 | 2,135 | -1.0 | 2.7 | 26,046 | 26,086 | -0.2 |
Proposals | 1,667 | 1,578 | 1,658 | 5.6 | 0.5 | 19,339 | 19,795 | -2.3 |
Ontario | 3,554 | 3,304 | 3,277 | 7.6 | 8.5 | 41,171 | 40,904 | 0.7 |
Bankruptcies | 1,532 | 1,444 | 1,493 | 6.1 | 2.6 | 18,011 | 18,919 | -4.8 |
Proposals | 2,022 | 1,860 | 1,784 | 8.7 | 13.3 | 23,160 | 21,985 | 5.3 |
Manitoba | 224 | 260 | 199 | -13.8 | 12.6 | 2,644 | 2,140 | 23.6 |
Bankruptcies | 139 | 135 | 104 | 3.0 | 33.7 | 1,483 | 1,320 | 12.3 |
Proposals | 85 | 125 | 95 | -32.0 | -10.5 | 1,161 | 820 | 41.6 |
Saskatchewan | 267 | 251 | 195 | 6.4 | 36.9 | 3,034 | 2,267 | 33.8 |
Bankruptcies | 127 | 119 | 114 | 6.7 | 11.4 | 1,513 | 1,208 | 25.2 |
Proposals | 140 | 132 | 81 | 6.1 | 72.8 | 1,521 | 1,059 | 43.6 |
Alberta | 1,171 | 1,105 | 918 | 6.0 | 27.6 | 13,177 | 9,780 | 34.7 |
Bankruptcies | 477 | 462 | 370 | 3.2 | 28.9 | 5,520 | 4,263 | 29.5 |
Proposals | 694 | 643 | 548 | 7.9 | 26.6 | 7,657 | 5,517 | 38.8 |
British Columbia | 905 | 807 | 980 | 12.1 | -7.7 | 11,204 | 11,762 | -4.7 |
Bankruptcies | 366 | 346 | 482 | 5.8 | -24.1 | 4,942 | 5,907 | -16.3 |
Proposals | 539 | 461 | 498 | 16.9 | 8.2 | 6,262 | 5,855 | 7.0 |
Northwest Territories | 5 | 5 | 8 | 0.0 | -37.5 | 63 | 49 | 28.6 |
Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 34 | 29 | 17.2 |
Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 29 | 20 | 45.0 |
Yukon | 2 | 4 | 1 | -50.0 | 100.0 | 55 | 36 | 52.8 |
Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 27 | 18 | 50.0 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 28 | 18 | 55.6 |
Nunavut | 0 | 2 | 2 | -100.0 | -100.0 | 10 | 6 | 66.7 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 4 | 3 | 33.3 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 6 | 3 | 100.0 |
Canada | 11,254 | 10,705 | 10,417 | 5.1 | 8.0 | 130,463 | 125,235 | 4.2 |
Bankruptcies | 5,699 | 5,504 | 5,407 | 3.5 | 5.4 | 66,879 | 66,408 | 0.7 |
Proposals | 5,555 | 5,201 | 5,010 | 6.8 | 10.9 | 63,584 | 58,827 | 8.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2016 | Oct. 2016 | Nov. 2015 | Oct. 2016 to Nov. 2016 | Nov. 2015 to Nov. 2016 | 11-30-2016 | 11-30-2015 | % Change | |
Newfoundland and Labrador | 230 | 171 | 156 | 34.5 | 47.4 | 2,352 | 1,793 | 31.2 |
Bankruptcies | 157 | 102 | 106 | 53.9 | 48.1 | 1,562 | 1,466 | 6.5 |
Proposals | 73 | 69 | 50 | 5.8 | 46.0 | 790 | 327 | 141.6 |
Prince Edward Island | 78 | 74 | 80 | 5.4 | -2.5 | 818 | 800 | 2.3 |
Bankruptcies | 49 | 48 | 57 | 2.1 | -14.0 | 508 | 508 | 0.0 |
Proposals | 29 | 26 | 23 | 11.5 | 26.1 | 310 | 292 | 6.2 |
Nova Scotia | 548 | 498 | 449 | 10.0 | 22.0 | 5,955 | 5,233 | 13.8 |
Bankruptcies | 397 | 358 | 306 | 10.9 | 29.7 | 4,204 | 3,662 | 14.8 |
Proposals | 151 | 140 | 143 | 7.9 | 5.6 | 1,751 | 1,571 | 11.5 |
New Brunswick | 394 | 418 | 343 | -5.7 | 14.9 | 4,415 | 4,367 | 1.1 |
Bankruptcies | 242 | 262 | 218 | -7.6 | 11.0 | 2,880 | 2,859 | 0.7 |
Proposals | 152 | 156 | 125 | -2.6 | 21.6 | 1,535 | 1,508 | 1.8 |
Quebec | 3,658 | 3,631 | 3,600 | 0.7 | 1.6 | 43,146 | 43,627 | -1.1 |
Bankruptcies | 2,049 | 2,093 | 1,979 | -2.1 | 3.5 | 24,365 | 24,428 | -0.3 |
Proposals | 1,609 | 1,538 | 1,621 | 4.6 | -0.7 | 18,781 | 19,199 | -2.2 |
Ontario | 3,487 | 3,216 | 3,188 | 8.4 | 9.4 | 40,214 | 39,769 | 1.1 |
Bankruptcies | 1,490 | 1,380 | 1,418 | 8.0 | 5.1 | 17,308 | 18,046 | -4.1 |
Proposals | 1,997 | 1,836 | 1,770 | 8.8 | 12.8 | 22,906 | 21,723 | 5.4 |
Manitoba | 220 | 259 | 197 | -15.1 | 11.7 | 2,596 | 2,103 | 23.4 |
Bankruptcies | 137 | 134 | 102 | 2.2 | 34.3 | 1,449 | 1,295 | 11.9 |
Proposals | 83 | 125 | 95 | -33.6 | -12.6 | 1,147 | 808 | 42.0 |
Saskatchewan | 258 | 243 | 181 | 6.2 | 42.5 | 2,923 | 2,143 | 36.4 |
Bankruptcies | 121 | 112 | 102 | 8.0 | 18.6 | 1,427 | 1,119 | 27.5 |
Proposals | 137 | 131 | 79 | 4.6 | 73.4 | 1,496 | 1,024 | 46.1 |
Alberta | 1,145 | 1,081 | 906 | 5.9 | 26.4 | 13,013 | 9,643 | 34.9 |
Bankruptcies | 465 | 440 | 362 | 5.7 | 28.5 | 5,401 | 4,167 | 29.6 |
Proposals | 680 | 641 | 544 | 6.1 | 25.0 | 7,612 | 5,476 | 39.0 |
British Columbia | 895 | 796 | 948 | 12.4 | -5.6 | 11,014 | 11,531 | -4.5 |
Bankruptcies | 358 | 340 | 467 | 5.3 | -23.3 | 4,798 | 5,750 | -16.6 |
Proposals | 537 | 456 | 481 | 17.8 | 11.6 | 6,216 | 5,781 | 7.5 |
Northwest Territories | 5 | 5 | 8 | 0.0 | -37.5 | 63 | 49 | 28.6 |
Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 34 | 29 | 17.2 |
Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 29 | 20 | 45.0 |
Yukon | 2 | 4 | 1 | -50.0 | 100.0 | 55 | 35 | 57.1 |
Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 27 | 18 | 50.0 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 28 | 17 | 64.7 |
Nunavut | 0 | 2 | 2 | -100.0 | -100.0 | 9 | 6 | 50.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 3 | 3 | 0.0 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 6 | 3 | 100.0 |
Canada | 10,920 | 10,398 | 10,059 | 5.0 | 8.6 | 126,573 | 121,099 | 4.5 |
Bankruptcies | 5,470 | 5,273 | 5,124 | 3.7 | 6.8 | 63,966 | 63,350 | 1.0 |
Proposals | 5,450 | 5,125 | 4,935 | 6.3 | 10.4 | 62,607 | 57,749 | 8.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2016 | Oct. 2016 | Nov. 2015 | Oct. 2016 to Nov. 2016 | Nov. 2015 to Nov. 2016 | 11-30-2016 | 11-30-2015 | % Change | |
Newfoundland and Labrador | 7 | 1 | 5 | 600.0 | 40.0 | 27 | 28 | -3.6 |
Bankruptcies | 6 | 1 | 4 | 500.0 | 50.0 | 20 | 23 | -13.0 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 7 | 5 | 40.0 |
Prince Edward Island | 0 | 0 | 1 | -- | -100.0 | 12 | 18 | -33.3 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 7 | 14 | -50.0 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Nova Scotia | 5 | 7 | 7 | -28.6 | -28.6 | 75 | 94 | -20.2 |
Bankruptcies | 5 | 4 | 7 | 25.0 | -28.6 | 65 | 68 | -4.4 |
Proposals | 0 | 3 | 0 | -100.0 | -- | 10 | 26 | -61.5 |
New Brunswick | 4 | 5 | 3 | -20.0 | 33.3 | 66 | 77 | -14.3 |
Bankruptcies | 4 | 4 | 3 | 0.0 | 33.3 | 53 | 55 | -3.6 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 13 | 22 | -40.9 |
Quebec | 202 | 162 | 193 | 24.7 | 4.7 | 2,239 | 2,254 | -0.7 |
Bankruptcies | 144 | 122 | 156 | 18.0 | -7.7 | 1,681 | 1,658 | 1.4 |
Proposals | 58 | 40 | 37 | 45.0 | 56.8 | 558 | 596 | -6.4 |
Ontario | 67 | 88 | 89 | -23.9 | -24.7 | 957 | 1,135 | -15.7 |
Bankruptcies | 42 | 64 | 75 | -34.4 | -44.0 | 703 | 873 | -19.5 |
Proposals | 25 | 24 | 14 | 4.2 | 78.6 | 254 | 262 | -3.1 |
Manitoba | 4 | 1 | 2 | 300.0 | 100.0 | 48 | 37 | 29.7 |
Bankruptcies | 2 | 1 | 2 | 100.0 | 0.0 | 34 | 25 | 36.0 |
Proposals | 2 | 0 | 0 | -- | -- | 14 | 12 | 16.7 |
Saskatchewan | 9 | 8 | 14 | 12.5 | -35.7 | 111 | 124 | -10.5 |
Bankruptcies | 6 | 7 | 12 | -14.3 | -50.0 | 86 | 89 | -3.4 |
Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 25 | 35 | -28.6 |
Alberta | 26 | 24 | 12 | 8.3 | 116.7 | 164 | 137 | 19.7 |
Bankruptcies | 12 | 22 | 8 | -45.5 | 50.0 | 119 | 96 | 24.0 |
Proposals | 14 | 2 | 4 | 600.0 | 250.0 | 45 | 41 | 9.8 |
British Columbia | 10 | 11 | 32 | -9.1 | -68.8 | 190 | 231 | -17.7 |
Bankruptcies | 8 | 6 | 15 | 33.3 | -46.7 | 144 | 157 | -8.3 |
Proposals | 2 | 5 | 17 | -60.0 | -88.2 | 46 | 74 | -37.8 |
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 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 334 | 307 | 358 | 8.8 | -6.7 | 3,890 | 4,136 | -5.9 |
Bankruptcies | 229 | 231 | 283 | -0.9 | -19.1 | 2,913 | 3,058 | -4.7 |
Proposals | 105 | 76 | 75 | 38.2 | 40.0 | 977 | 1,078 | -9.4 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Nov. 2016 | Oct. 2016 | Nov. 2015 | Oct. 2016 to Nov. 2016 | Nov. 2015 to Nov. 2016 | 11-30-2016 | 11-30-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 11 | 12 | 5 | -8.3 | 120.0 | 81 | 85 | -4.7 |
Bankruptcies | 7 | 8 | 5 | -12.5 | 40.0 | 57 | 41 | 39.0 |
Proposals | 4 | 4 | 0 | 0.0 | -- | 24 | 44 | -45.5 |
Mining and Oil and Gas Extraction | 6 | 11 | 5 | -45.5 | 20.0 | 63 | 41 | 53.7 |
Bankruptcies | 4 | 10 | 4 | -60.0 | 0.0 | 43 | 26 | 65.4 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 20 | 15 | 33.3 |
Utilities | 1 | 0 | 1 | -- | 0.0 | 7 | 14 | -50.0 |
Bankruptcies | 1 | 0 | 1 | -- | 0.0 | 2 | 10 | -80.0 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Construction | 54 | 60 | 71 | -10.0 | -23.9 | 709 | 774 | -8.4 |
Bankruptcies | 35 | 44 | 54 | -20.5 | -35.2 | 522 | 567 | -7.9 |
Proposals | 19 | 16 | 17 | 18.8 | 11.8 | 187 | 207 | -9.7 |
Manufacturing | 29 | 27 | 32 | 7.4 | -9.4 | 315 | 380 | -17.1 |
Bankruptcies | 17 | 17 | 23 | 0.0 | -26.1 | 228 | 270 | -15.6 |
Proposals | 12 | 10 | 9 | 20.0 | 33.3 | 87 | 110 | -20.9 |
Wholesale Trade | 18 | 18 | 16 | 0.0 | 12.5 | 184 | 217 | -15.2 |
Bankruptcies | 13 | 15 | 13 | -13.3 | 0.0 | 145 | 160 | -9.4 |
Proposals | 5 | 3 | 3 | 66.7 | 66.7 | 39 | 57 | -31.6 |
Retail Trade | 37 | 21 | 42 | 76.2 | -11.9 | 466 | 491 | -5.1 |
Bankruptcies | 17 | 17 | 33 | 0.0 | -48.5 | 336 | 376 | -10.6 |
Proposals | 20 | 4 | 9 | 400.0 | 122.2 | 130 | 115 | 13.0 |
Transportation and Warehousing | 19 | 19 | 21 | 0.0 | -9.5 | 214 | 251 | -14.7 |
Bankruptcies | 13 | 14 | 16 | -7.1 | -18.8 | 166 | 157 | 5.7 |
Proposals | 6 | 5 | 5 | 20.0 | 20.0 | 48 | 94 | -48.9 |
Information and Cultural Industries | 9 | 4 | 7 | 125.0 | 28.6 | 68 | 69 | -1.4 |
Bankruptcies | 5 | 2 | 5 | 150.0 | 0.0 | 57 | 51 | 11.8 |
Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 11 | 18 | -38.9 |
Finance and Insurance | 4 | 4 | 7 | 0.0 | -42.9 | 67 | 76 | -11.8 |
Bankruptcies | 4 | 4 | 6 | 0.0 | -33.3 | 55 | 57 | -3.5 |
Proposals | 0 | 0 | 1 | -- | -100.0 | 12 | 19 | -36.8 |
Real Estate and Rental and Leasing | 20 | 7 | 17 | 185.7 | 17.6 | 159 | 135 | 17.8 |
Bankruptcies | 13 | 4 | 12 | 225.0 | 8.3 | 105 | 110 | -4.5 |
Proposals | 7 | 3 | 5 | 133.3 | 40.0 | 54 | 25 | 116.0 |
Professional, Scientific and Technical Services | 33 | 19 | 24 | 73.7 | 37.5 | 293 | 296 | -1.0 |
Bankruptcies | 25 | 14 | 21 | 78.6 | 19.0 | 220 | 234 | -6.0 |
Proposals | 8 | 5 | 3 | 60.0 | 166.7 | 73 | 62 | 17.7 |
Management of Companies and Enterprises | 7 | 8 | 5 | -12.5 | 40.0 | 75 | 58 | 29.3 |
Bankruptcies | 3 | 6 | 5 | -50.0 | -40.0 | 51 | 41 | 24.4 |
Proposals | 4 | 2 | 0 | 100.0 | -- | 24 | 17 | 41.2 |
Administrative and Support, Waste Management and Remediation Services | 15 | 17 | 21 | -11.8 | -28.6 | 186 | 205 | -9.3 |
Bankruptcies | 11 | 16 | 14 | -31.3 | -21.4 | 139 | 148 | -6.1 |
Proposals | 4 | 1 | 7 | 300.0 | -42.9 | 47 | 57 | -17.5 |
Educational Services | 4 | 3 | 3 | 33.3 | 33.3 | 36 | 35 | 2.9 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 23 | 28 | -17.9 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 13 | 7 | 85.7 |
Health Care and Social Assistance | 6 | 8 | 6 | -25.0 | 0.0 | 69 | 83 | -16.9 |
Bankruptcies | 6 | 4 | 5 | 50.0 | 20.0 | 50 | 59 | -15.3 |
Proposals | 0 | 4 | 1 | -100.0 | -100.0 | 19 | 24 | -20.8 |
Arts, Entertainment and Recreation | 5 | 9 | 8 | -44.4 | -37.5 | 78 | 73 | 6.8 |
Bankruptcies | 4 | 5 | 8 | -20.0 | -50.0 | 61 | 55 | 10.9 |
Proposals | 1 | 4 | 0 | -75.0 | -- | 17 | 18 | -5.6 |
Accommodation and Food Services | 43 | 47 | 54 | -8.5 | -20.4 | 646 | 640 | 0.9 |
Bankruptcies | 39 | 37 | 45 | 5.4 | -13.3 | 507 | 502 | 1.0 |
Proposals | 4 | 10 | 9 | -60.0 | -55.6 | 139 | 138 | 0.7 |
Other Services (except Public Administration) | 13 | 12 | 13 | 8.3 | 0.0 | 170 | 209 | -18.7 |
Bankruptcies | 10 | 11 | 11 | -9.1 | -9.1 | 143 | 162 | -11.7 |
Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 27 | 47 | -42.6 |
Public Administration | 0 | 1 | 0 | -100.0 | -- | 4 | 4 | 0.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 4 | -25.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
Total | 334 | 307 | 358 | 8.8 | -6.7 | 3,890 | 4,136 | -5.9 |
Bankruptcies | 229 | 231 | 283 | -0.9 | -19.1 | 2,913 | 3,058 | -4.7 |
Proposals | 105 | 76 | 75 | 38.2 | 40.0 | 977 | 1,078 | -9.4 |