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Insolvency Statistics in Canada
August 2017
211 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 percent or more of total liabilities as a result of operating a business.
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- NAICS:
- North American Industry Classification System.
- 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 | |||||
|---|---|---|---|---|---|---|---|---|
| August 2017 | July 2017 | August 2016 | July 2017 to Aug. 2017 | Aug. 2016 to Aug. 2017 | 08-31-2017 | 08-31-2016 | % Change | |
| Newfoundland and Labrador | 197 | 174 | 213 | 13.2 | -7.5 | 2,414 | 2,270 | 6.3 |
| Bankruptcies | 104 | 92 | 134 | 13.0 | -22.4 | 1,400 | 1,583 | -11.6 |
| Proposals | 93 | 82 | 79 | 13.4 | 17.7 | 1,014 | 687 | 47.6 |
| Prince Edward Island | 61 | 52 | 68 | 17.3 | -10.3 | 733 | 814 | -10.0 |
| Bankruptcies | 36 | 29 | 50 | 24.1 | -28.0 | 446 | 510 | -12.5 |
| Proposals | 25 | 23 | 18 | 8.7 | 38.9 | 287 | 304 | -5.6 |
| Nova Scotia | 494 | 508 | 533 | -2.8 | -7.3 | 5,965 | 5,843 | 2.1 |
| Bankruptcies | 312 | 344 | 363 | -9.3 | -14.0 | 4,054 | 4,144 | -2.2 |
| Proposals | 182 | 164 | 170 | 11.0 | 7.1 | 1,911 | 1,699 | 12.5 |
| New Brunswick | 440 | 337 | 410 | 30.6 | 7.3 | 4,514 | 4,397 | 2.7 |
| Bankruptcies | 244 | 197 | 255 | 23.9 | -4.3 | 2,712 | 2,906 | -6.7 |
| Proposals | 196 | 140 | 155 | 40.0 | 26.5 | 1,802 | 1,491 | 20.9 |
| Quebec | 3,478 | 3,205 | 3,546 | 8.5 | -1.9 | 43,968 | 45,586 | -3.5 |
| Bankruptcies | 1,964 | 1,809 | 2,044 | 8.6 | -3.9 | 24,807 | 26,134 | -5.1 |
| Proposals | 1,514 | 1,396 | 1,502 | 8.5 | 0.8 | 19,161 | 19,452 | -1.5 |
| Ontario | 3,240 | 2,974 | 3,277 | 8.9 | -1.1 | 39,368 | 41,074 | -4.2 |
| Bankruptcies | 1,267 | 1,183 | 1,378 | 7.1 | -8.1 | 16,433 | 18,104 | -9.2 |
| Proposals | 1,973 | 1,791 | 1,899 | 10.2 | 3.9 | 22,935 | 22,970 | -0.2 |
| Manitoba | 192 | 228 | 208 | -15.8 | -7.7 | 2,622 | 2,480 | 5.7 |
| Bankruptcies | 103 | 122 | 127 | -15.6 | -18.9 | 1,380 | 1,400 | -1.4 |
| Proposals | 89 | 106 | 81 | -16.0 | 9.9 | 1,242 | 1,080 | 15.0 |
| Saskatchewan | 282 | 245 | 282 | 15.1 | 0.0 | 3,191 | 2,843 | 12.2 |
| Bankruptcies | 127 | 97 | 138 | 30.9 | -8.0 | 1,471 | 1,475 | -0.3 |
| Proposals | 155 | 148 | 144 | 4.7 | 7.6 | 1,720 | 1,368 | 25.7 |
| Alberta | 1,201 | 1,011 | 1,099 | 18.8 | 9.3 | 13,437 | 12,523 | 7.3 |
| Bankruptcies | 468 | 333 | 449 | 40.5 | 4.2 | 5,310 | 5,260 | 1.0 |
| Proposals | 733 | 678 | 650 | 8.1 | 12.8 | 8,127 | 7,263 | 11.9 |
| British Columbia | 840 | 784 | 829 | 7.1 | 1.3 | 10,257 | 11,492 | -10.7 |
| Bankruptcies | 314 | 318 | 352 | -1.3 | -10.8 | 4,391 | 5,273 | -16.7 |
| Proposals | 526 | 466 | 477 | 12.9 | 10.3 | 5,866 | 6,219 | -5.7 |
| Northwest Territories | 5 | 3 | 8 | 66.7 | -37.5 | 60 | 62 | -3.2 |
| Bankruptcies | 4 | 3 | 2 | 33.3 | 100.0 | 37 | 34 | 8.8 |
| Proposals | 1 | 0 | 6 | n/a | -83.3 | 23 | 28 | -17.9 |
| Yukon | 2 | 4 | 6 | -50.0 | -66.7 | 35 | 51 | -31.4 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 19 | 26 | -26.9 |
| Proposals | 0 | 3 | 5 | -100.0 | -100.0 | 16 | 25 | -36.0 |
| Nunavut | 0 | 0 | 0 | n/a | n/a | 3 | 10 | -70.0 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 4 | -75.0 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
| Canada | 10,432 | 9,525 | 10,479 | 9.5 | -0.4 | 126,567 | 129,445 | -2.2 |
| Bankruptcies | 4,945 | 4,528 | 5,293 | 9.2 | -6.6 | 62,461 | 66,853 | -6.6 |
| Proposals | 5,487 | 4,997 | 5,186 | 9.8 | 5.8 | 64,106 | 62,592 | 2.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2017 | July 2017 | August 2016 | July 2017 to Aug. 2017 | Aug. 2016 to Aug. 2017 | 08-31-2017 | 08-31-2016 | % Change | |
| Newfoundland and Labrador | 197 | 169 | 211 | 16.6 | -6.6 | 2,377 | 2,243 | 6.0 |
| Bankruptcies | 104 | 88 | 132 | 18.2 | -21.2 | 1,373 | 1,563 | -12.2 |
| Proposals | 93 | 81 | 79 | 14.8 | 17.7 | 1,004 | 680 | 47.6 |
| Prince Edward Island | 60 | 52 | 68 | 15.4 | -11.8 | 719 | 800 | -10.1 |
| Bankruptcies | 35 | 29 | 50 | 20.7 | -30.0 | 435 | 501 | -13.2 |
| Proposals | 25 | 23 | 18 | 8.7 | 38.9 | 284 | 299 | -5.0 |
| Nova Scotia | 487 | 501 | 525 | -2.8 | -7.2 | 5,908 | 5,760 | 2.6 |
| Bankruptcies | 307 | 338 | 356 | -9.2 | -13.8 | 4,006 | 4,072 | -1.6 |
| Proposals | 180 | 163 | 169 | 10.4 | 6.5 | 1,902 | 1,688 | 12.7 |
| New Brunswick | 438 | 333 | 407 | 31.5 | 7.6 | 4,460 | 4,324 | 3.1 |
| Bankruptcies | 242 | 193 | 252 | 25.4 | -4.0 | 2,665 | 2,849 | -6.5 |
| Proposals | 196 | 140 | 155 | 40.0 | 26.5 | 1,795 | 1,475 | 21.7 |
| Quebec | 3,328 | 3,074 | 3,373 | 8.3 | -1.3 | 41,904 | 43,319 | -3.3 |
| Bankruptcies | 1,852 | 1,710 | 1,916 | 8.3 | -3.3 | 23,246 | 24,412 | -4.8 |
| Proposals | 1,476 | 1,364 | 1,457 | 8.2 | 1.3 | 18,658 | 18,907 | -1.3 |
| Ontario | 3,164 | 2,893 | 3,210 | 9.4 | -1.4 | 38,470 | 40,091 | -4.0 |
| Bankruptcies | 1,212 | 1,120 | 1,329 | 8.2 | -8.8 | 15,768 | 17,366 | -9.2 |
| Proposals | 1,952 | 1,773 | 1,881 | 10.1 | 3.8 | 22,702 | 22,725 | -0.1 |
| Manitoba | 186 | 228 | 205 | -18.4 | -9.3 | 2,576 | 2,432 | 5.9 |
| Bankruptcies | 99 | 122 | 124 | -18.9 | -20.2 | 1,345 | 1,365 | -1.5 |
| Proposals | 87 | 106 | 81 | -17.9 | 7.4 | 1,231 | 1,067 | 15.4 |
| Saskatchewan | 270 | 239 | 273 | 13.0 | -1.1 | 3,068 | 2,709 | 13.3 |
| Bankruptcies | 118 | 92 | 129 | 28.3 | -8.5 | 1,380 | 1,375 | 0.4 |
| Proposals | 152 | 147 | 144 | 3.4 | 5.6 | 1,688 | 1,334 | 26.5 |
| Alberta | 1,168 | 1,004 | 1,086 | 16.3 | 7.6 | 13,228 | 12,388 | 6.8 |
| Bankruptcies | 450 | 328 | 439 | 37.2 | 2.5 | 5,165 | 5,161 | 0.1 |
| Proposals | 718 | 676 | 647 | 6.2 | 11.0 | 8,063 | 7,227 | 11.6 |
| British Columbia | 836 | 772 | 812 | 8.3 | 3.0 | 10,096 | 11,252 | -10.3 |
| Bankruptcies | 312 | 307 | 342 | 1.6 | -8.8 | 4,259 | 5,102 | -16.5 |
| Proposals | 524 | 465 | 470 | 12.7 | 11.5 | 5,837 | 6,150 | -5.1 |
| Northwest Territories | 5 | 3 | 8 | 66.7 | -37.5 | 59 | 62 | -4.8 |
| Bankruptcies | 4 | 3 | 2 | 33.3 | 100.0 | 36 | 34 | 5.9 |
| Proposals | 1 | 0 | 6 | n/a | -83.3 | 23 | 28 | -17.9 |
| Yukon | 2 | 4 | 6 | -50.0 | -66.7 | 35 | 51 | -31.4 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 19 | 26 | -26.9 |
| Proposals | 0 | 3 | 5 | -100.0 | -100.0 | 16 | 25 | -36.0 |
| Nunavut | 0 | 0 | 0 | n/a | n/a | 3 | 9 | -66.7 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 3 | -66.7 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
| Canada | 10,141 | 9,272 | 10,184 | 9.4 | -0.4 | 122,903 | 125,440 | -2.0 |
| Bankruptcies | 4,737 | 4,331 | 5,072 | 9.4 | -6.6 | 59,698 | 63,829 | -6.5 |
| Proposals | 5,404 | 4,941 | 5,112 | 9.4 | 5.7 | 63,205 | 61,611 | 2.6 |
Unselect
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2017 | July 2017 | August 2016 | July 2017 to Aug. 2017 | Aug. 2016 to Aug. 2017 | 08-31-2017 | 08-31-2016 | % Change | |
| Newfoundland and Labrador | 0 | 5 | 2 | -100.0 | -100.0 | 37 | 27 | 37.0 |
| Bankruptcies | 0 | 4 | 2 | -100.0 | -100.0 | 27 | 20 | 35.0 |
| Proposals | 0 | 1 | 0 | -100.0 | n/a | 10 | 7 | 42.9 |
| Prince Edward Island | 1 | 0 | 0 | n/a | n/a | 14 | 14 | 0.0 |
| Bankruptcies | 1 | 0 | 0 | n/a | n/a | 11 | 9 | 22.2 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 3 | 5 | -40.0 |
| Nova Scotia | 7 | 7 | 8 | 0.0 | -12.5 | 57 | 83 | -31.3 |
| Bankruptcies | 5 | 6 | 7 | -16.7 | -28.6 | 48 | 72 | -33.3 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 9 | 11 | -18.2 |
| New Brunswick | 2 | 4 | 3 | -50.0 | -33.3 | 54 | 73 | -26.0 |
| Bankruptcies | 2 | 4 | 3 | -50.0 | -33.3 | 47 | 57 | -17.5 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 7 | 16 | -56.3 |
| Quebec | 150 | 131 | 173 | 14.5 | -13.3 | 2,064 | 2,267 | -9.0 |
| Bankruptcies | 112 | 99 | 128 | 13.1 | -12.5 | 1,561 | 1,722 | -9.3 |
| Proposals | 38 | 32 | 45 | 18.8 | -15.6 | 503 | 545 | -7.7 |
| Ontario | 76 | 81 | 67 | -6.2 | 13.4 | 898 | 983 | -8.6 |
| Bankruptcies | 55 | 63 | 49 | -12.7 | 12.2 | 665 | 738 | -9.9 |
| Proposals | 21 | 18 | 18 | 16.7 | 16.7 | 233 | 245 | -4.9 |
| Manitoba | 6 | 0 | 3 | n/a | 100.0 | 46 | 48 | -4.2 |
| Bankruptcies | 4 | 0 | 3 | n/a | 33.3 | 35 | 35 | 0.0 |
| Proposals | 2 | 0 | 0 | n/a | n/a | 11 | 13 | -15.4 |
| Saskatchewan | 12 | 6 | 9 | 100.0 | 33.3 | 123 | 134 | -8.2 |
| Bankruptcies | 9 | 5 | 9 | 80.0 | 0.0 | 91 | 100 | -9.0 |
| Proposals | 3 | 1 | 0 | 200.0 | n/a | 32 | 34 | -5.9 |
| Alberta | 33 | 7 | 13 | 371.4 | 153.8 | 209 | 135 | 54.8 |
| Bankruptcies | 18 | 5 | 10 | 260.0 | 80.0 | 145 | 99 | 46.5 |
| Proposals | 15 | 2 | 3 | 650.0 | 400.0 | 64 | 36 | 77.8 |
| British Columbia | 4 | 12 | 17 | -66.7 | -76.5 | 161 | 240 | -32.9 |
| Bankruptcies | 2 | 11 | 10 | -81.8 | -80.0 | 132 | 171 | -22.8 |
| Proposals | 2 | 1 | 7 | 100.0 | -71.4 | 29 | 69 | -58.0 |
| Northwest Territories | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
| 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 | 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 |
| Canada | 291 | 253 | 295 | 15.0 | -1.4 | 3,664 | 4,005 | -8.5 |
| Bankruptcies | 208 | 197 | 221 | 5.6 | -5.9 | 2,763 | 3,024 | -8.6 |
| Proposals | 83 | 56 | 74 | 48.2 | 12.2 | 901 | 981 | -8.2 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2017 | July 2017 | August 2016 | July 2017 to Aug. 2017 | Aug. 2016 to Aug. 2017 | 08-31-2017 | 08-31-2016 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 8 | 2 | 2 | 300.0 | 300.0 | 85 | 76 | 11.8 |
| Bankruptcies | 7 | 2 | 1 | 250.0 | 600.0 | 64 | 53 | 20.8 |
| Proposals | 1 | 0 | 1 | n/a | 0.0 | 21 | 23 | -8.7 |
| Mining and Oil and Gas Extraction | 5 | 4 | 7 | 25.0 | -28.6 | 65 | 56 | 16.1 |
| Bankruptcies | 3 | 1 | 1 | 200.0 | 200.0 | 47 | 37 | 27.0 |
| Proposals | 2 | 3 | 6 | -33.3 | -66.7 | 18 | 19 | -5.3 |
| Utilities | 0 | 1 | 0 | -100.0 | n/a | 9 | 8 | 12.5 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | n/a | 7 | 3 | 133.3 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 5 | -60.0 |
| Construction | 63 | 35 | 54 | 80.0 | 16.7 | 671 | 751 | -10.7 |
| Bankruptcies | 43 | 26 | 36 | 65.4 | 19.4 | 489 | 559 | -12.5 |
| Proposals | 20 | 9 | 18 | 122.2 | 11.1 | 182 | 192 | -5.2 |
| Manufacturing | 24 | 21 | 22 | 14.3 | 9.1 | 317 | 342 | -7.3 |
| Bankruptcies | 18 | 15 | 17 | 20.0 | 5.9 | 228 | 256 | -10.9 |
| Proposals | 6 | 6 | 5 | 0.0 | 20.0 | 89 | 86 | 3.5 |
| Wholesale Trade | 20 | 11 | 15 | 81.8 | 33.3 | 181 | 177 | 2.3 |
| Bankruptcies | 12 | 9 | 12 | 33.3 | 0.0 | 134 | 138 | -2.9 |
| Proposals | 8 | 2 | 3 | 300.0 | 166.7 | 47 | 39 | 20.5 |
| Retail Trade | 28 | 25 | 30 | 12.0 | -6.7 | 395 | 514 | -23.2 |
| Bankruptcies | 22 | 24 | 25 | -8.3 | -12.0 | 295 | 382 | -22.8 |
| Proposals | 6 | 1 | 5 | 500.0 | 20.0 | 100 | 132 | -24.2 |
| Transportation and Warehousing | 13 | 18 | 14 | -27.8 | -7.1 | 241 | 215 | 12.1 |
| Bankruptcies | 12 | 14 | 11 | -14.3 | 9.1 | 187 | 168 | 11.3 |
| Proposals | 1 | 4 | 3 | -75.0 | -66.7 | 54 | 47 | 14.9 |
| Information and Cultural Industries | 4 | 4 | 3 | 0.0 | 33.3 | 70 | 69 | 1.4 |
| Bankruptcies | 3 | 4 | 3 | -25.0 | 0.0 | 49 | 61 | -19.7 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 21 | 8 | 162.5 |
| Finance and Insurance | 3 | 9 | 6 | -66.7 | -50.0 | 63 | 69 | -8.7 |
| Bankruptcies | 2 | 4 | 6 | -50.0 | -66.7 | 54 | 54 | 0.0 |
| Proposals | 1 | 5 | 0 | -80.0 | n/a | 9 | 15 | -40.0 |
| Real Estate and Rental and Leasing | 10 | 14 | 15 | -28.6 | -33.3 | 143 | 160 | -10.6 |
| Bankruptcies | 4 | 11 | 13 | -63.6 | -69.2 | 97 | 113 | -14.2 |
| Proposals | 6 | 3 | 2 | 100.0 | 200.0 | 46 | 47 | -2.1 |
| Professional, Scientific and Technical Services | 17 | 19 | 17 | -10.5 | 0.0 | 266 | 290 | -8.3 |
| Bankruptcies | 12 | 19 | 12 | -36.8 | 0.0 | 211 | 219 | -3.7 |
| Proposals | 5 | 0 | 5 | n/a | 0.0 | 55 | 71 | -22.5 |
| Management of Companies and Enterprises | 1 | 5 | 7 | -80.0 | -85.7 | 78 | 66 | 18.2 |
| Bankruptcies | 1 | 4 | 3 | -75.0 | -66.7 | 57 | 50 | 14.0 |
| Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 21 | 16 | 31.3 |
| Administrative and Support, Waste Management and Remediation Services | 12 | 10 | 17 | 20.0 | -29.4 | 177 | 188 | -5.9 |
| Bankruptcies | 6 | 7 | 12 | -14.3 | -50.0 | 136 | 134 | 1.5 |
| Proposals | 6 | 3 | 5 | 100.0 | 20.0 | 41 | 54 | -24.1 |
| Educational Services | 4 | 1 | 4 | 300.0 | 0.0 | 40 | 36 | 11.1 |
| Bankruptcies | 3 | 0 | 2 | n/a | 50.0 | 33 | 22 | 50.0 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 7 | 14 | -50.0 |
| Health Care and Social Assistance | 5 | 7 | 6 | -28.6 | -16.7 | 79 | 72 | 9.7 |
| Bankruptcies | 3 | 7 | 6 | -57.1 | -50.0 | 60 | 57 | 5.3 |
| Proposals | 2 | 0 | 0 | n/a | n/a | 19 | 15 | 26.7 |
| Arts, Entertainment and Recreation | 7 | 5 | 6 | 40.0 | 16.7 | 72 | 77 | -6.5 |
| Bankruptcies | 7 | 2 | 4 | 250.0 | 75.0 | 53 | 61 | -13.1 |
| Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 19 | 16 | 18.8 |
| Accommodation and Food Services | 48 | 46 | 53 | 4.3 | -9.4 | 538 | 648 | -17.0 |
| Bankruptcies | 36 | 33 | 42 | 9.1 | -14.3 | 420 | 499 | -15.8 |
| Proposals | 12 | 13 | 11 | -7.7 | 9.1 | 118 | 149 | -20.8 |
| Other Services (except Public Administration) | 18 | 16 | 16 | 12.5 | 12.5 | 169 | 186 | -9.1 |
| Bankruptcies | 14 | 14 | 14 | 0.0 | 0.0 | 139 | 153 | -9.2 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 30 | 33 | -9.1 |
| Public Administration | 1 | 0 | 1 | n/a | 0.0 | 5 | 5 | 0.0 |
| Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 3 | 5 | -40.0 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 2 | 0 | n/a |
| Total | 291 | 253 | 295 | 15.0 | -1.4 | 3,664 | 4,005 | -8.5 |
| Bankruptcies | 208 | 197 | 221 | 5.6 | -5.9 | 2,763 | 3,024 | -8.6 |
| Proposals | 83 | 56 | 74 | 48.2 | 12.2 | 901 | 981 | -8.2 |