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Insolvency Statistics in Canada
September 2017
213 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 | |||||
---|---|---|---|---|---|---|---|---|
September 2017 | August 2017 | September 2016 | Aug. 2017 to Sept. 2017 | Sept. 2016 to Sept. 2017 | 09-30-2017 | 09-30-2016 | % Change | |
Newfoundland and Labrador | 228 | 197 | 208 | 15.7 | 9.6 | 2,434 | 2,322 | 4.8 |
Bankruptcies | 118 | 104 | 122 | 13.5 | -3.3 | 1,396 | 1,568 | -11.0 |
Proposals | 110 | 93 | 86 | 18.3 | 27.9 | 1,038 | 754 | 37.7 |
Prince Edward Island | 56 | 61 | 77 | -8.2 | -27.3 | 712 | 838 | -15.0 |
Bankruptcies | 35 | 36 | 49 | -2.8 | -28.6 | 432 | 527 | -18.0 |
Proposals | 21 | 25 | 28 | -16.0 | -25.0 | 280 | 311 | -10.0 |
Nova Scotia | 494 | 494 | 553 | 0.0 | -10.7 | 5,906 | 5,922 | -0.3 |
Bankruptcies | 338 | 312 | 360 | 8.3 | -6.1 | 4,032 | 4,172 | -3.4 |
Proposals | 156 | 182 | 193 | -14.3 | -19.2 | 1,874 | 1,750 | 7.1 |
New Brunswick | 349 | 440 | 384 | -20.7 | -9.1 | 4,479 | 4,370 | 2.5 |
Bankruptcies | 191 | 244 | 244 | -21.7 | -21.7 | 2,659 | 2,880 | -7.7 |
Proposals | 158 | 196 | 140 | -19.4 | 12.9 | 1,820 | 1,490 | 22.1 |
Quebec | 3,628 | 3,478 | 3,915 | 4.3 | -7.3 | 43,681 | 45,586 | -4.2 |
Bankruptcies | 2,050 | 1,964 | 2,250 | 4.4 | -8.9 | 24,607 | 26,060 | -5.6 |
Proposals | 1,578 | 1,514 | 1,665 | 4.2 | -5.2 | 19,074 | 19,526 | -2.3 |
Ontario | 3,183 | 3,240 | 3,326 | -1.8 | -4.3 | 39,225 | 41,071 | -4.5 |
Bankruptcies | 1,333 | 1,267 | 1,493 | 5.2 | -10.7 | 16,273 | 18,082 | -10.0 |
Proposals | 1,850 | 1,973 | 1,833 | -6.2 | 0.9 | 22,952 | 22,989 | -0.2 |
Manitoba | 224 | 192 | 242 | 16.7 | -7.4 | 2,604 | 2,546 | 2.3 |
Bankruptcies | 120 | 103 | 124 | 16.5 | -3.2 | 1,376 | 1,423 | -3.3 |
Proposals | 104 | 89 | 118 | 16.9 | -11.9 | 1,228 | 1,123 | 9.3 |
Saskatchewan | 296 | 282 | 267 | 5.0 | 10.9 | 3,220 | 2,912 | 10.6 |
Bankruptcies | 108 | 127 | 114 | -15.0 | -5.3 | 1,465 | 1,489 | -1.6 |
Proposals | 188 | 155 | 153 | 21.3 | 22.9 | 1,755 | 1,423 | 23.3 |
Alberta | 1,119 | 1,201 | 1,142 | -6.8 | -2.0 | 13,414 | 12,743 | 5.3 |
Bankruptcies | 409 | 468 | 468 | -12.6 | -12.6 | 5,251 | 5,338 | -1.6 |
Proposals | 710 | 733 | 674 | -3.1 | 5.3 | 8,163 | 7,405 | 10.2 |
British Columbia | 773 | 840 | 896 | -8.0 | -13.7 | 10,134 | 11,405 | -11.1 |
Bankruptcies | 329 | 314 | 359 | 4.8 | -8.4 | 4,361 | 5,152 | -15.4 |
Proposals | 444 | 526 | 537 | -15.6 | -17.3 | 5,773 | 6,253 | -7.7 |
Northwest Territories | 16 | 5 | 8 | 220.0 | 100.0 | 68 | 66 | 3.0 |
Bankruptcies | 11 | 4 | 5 | 175.0 | 120.0 | 43 | 36 | 19.4 |
Proposals | 5 | 1 | 3 | 400.0 | 66.7 | 25 | 30 | -16.7 |
Yukon | 2 | 2 | 4 | 0.0 | -50.0 | 33 | 51 | -35.3 |
Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 16 | 26 | -38.5 |
Proposals | 2 | 0 | 1 | n/a | 100.0 | 17 | 25 | -32.0 |
Nunavut | 0 | 0 | 1 | n/a | -100.0 | 2 | 11 | -81.8 |
Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 0 | 5 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Canada | 10,368 | 10,432 | 11,023 | -0.6 | -5.9 | 125,912 | 129,843 | -3.0 |
Bankruptcies | 5,042 | 4,945 | 5,592 | 2.0 | -9.8 | 61,911 | 66,758 | -7.3 |
Proposals | 5,326 | 5,487 | 5,431 | -2.9 | -1.9 | 64,001 | 63,085 | 1.5 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
September 2017 | August 2017 | September 2016 | Aug. 2017 to Sept. 2017 | Sept. 2016 to Sept. 2017 | 09-30-2017 | 09-30-2016 | % Change | |
Newfoundland and Labrador | 226 | 197 | 205 | 14.7 | 10.2 | 2,398 | 2,297 | 4.4 |
Bankruptcies | 116 | 104 | 120 | 11.5 | -3.3 | 1,369 | 1,550 | -11.7 |
Proposals | 110 | 93 | 85 | 18.3 | 29.4 | 1,029 | 747 | 37.8 |
Prince Edward Island | 55 | 60 | 75 | -8.3 | -26.7 | 699 | 823 | -15.1 |
Bankruptcies | 34 | 35 | 47 | -2.9 | -27.7 | 422 | 517 | -18.4 |
Proposals | 21 | 25 | 28 | -16.0 | -25.0 | 277 | 306 | -9.5 |
Nova Scotia | 491 | 487 | 550 | 0.8 | -10.7 | 5,849 | 5,848 | 0.0 |
Bankruptcies | 335 | 307 | 357 | 9.1 | -6.2 | 3,984 | 4,106 | -3.0 |
Proposals | 156 | 180 | 193 | -13.3 | -19.2 | 1,865 | 1,742 | 7.1 |
New Brunswick | 349 | 438 | 380 | -20.3 | -8.2 | 4,429 | 4,303 | 2.9 |
Bankruptcies | 191 | 242 | 240 | -21.1 | -20.4 | 2,616 | 2,826 | -7.4 |
Proposals | 158 | 196 | 140 | -19.4 | 12.9 | 1,813 | 1,477 | 22.7 |
Quebec | 3,469 | 3,328 | 3,748 | 4.2 | -7.4 | 41,625 | 43,334 | -3.9 |
Bankruptcies | 1,933 | 1,852 | 2,134 | 4.4 | -9.4 | 23,045 | 24,353 | -5.4 |
Proposals | 1,536 | 1,476 | 1,614 | 4.1 | -4.8 | 18,580 | 18,981 | -2.1 |
Ontario | 3,125 | 3,164 | 3,244 | -1.2 | -3.7 | 38,351 | 40,101 | -4.4 |
Bankruptcies | 1,294 | 1,212 | 1,424 | 6.8 | -9.1 | 15,638 | 17,352 | -9.9 |
Proposals | 1,831 | 1,952 | 1,820 | -6.2 | 0.6 | 22,713 | 22,749 | -0.2 |
Manitoba | 223 | 186 | 238 | 19.9 | -6.3 | 2,561 | 2,497 | 2.6 |
Bankruptcies | 120 | 99 | 121 | 21.2 | -0.8 | 1,344 | 1,387 | -3.1 |
Proposals | 103 | 87 | 117 | 18.4 | -12.0 | 1,217 | 1,110 | 9.6 |
Saskatchewan | 292 | 270 | 261 | 8.1 | 11.9 | 3,099 | 2,792 | 11.0 |
Bankruptcies | 104 | 118 | 109 | -11.9 | -4.6 | 1,375 | 1,397 | -1.6 |
Proposals | 188 | 152 | 152 | 23.7 | 23.7 | 1,724 | 1,395 | 23.6 |
Alberta | 1,111 | 1,168 | 1,131 | -4.9 | -1.8 | 13,208 | 12,609 | 4.8 |
Bankruptcies | 404 | 450 | 458 | -10.2 | -11.8 | 5,111 | 5,238 | -2.4 |
Proposals | 707 | 718 | 673 | -1.5 | 5.1 | 8,097 | 7,371 | 9.8 |
British Columbia | 763 | 836 | 884 | -8.7 | -13.7 | 9,975 | 11,176 | -10.7 |
Bankruptcies | 320 | 312 | 349 | 2.6 | -8.3 | 4,230 | 4,990 | -15.2 |
Proposals | 443 | 524 | 535 | -15.5 | -17.2 | 5,745 | 6,186 | -7.1 |
Northwest Territories | 16 | 5 | 8 | 220.0 | 100.0 | 67 | 66 | 1.5 |
Bankruptcies | 11 | 4 | 5 | 175.0 | 120.0 | 42 | 36 | 16.7 |
Proposals | 5 | 1 | 3 | 400.0 | 66.7 | 25 | 30 | -16.7 |
Yukon | 2 | 2 | 4 | 0.0 | -50.0 | 33 | 51 | -35.3 |
Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 16 | 26 | -38.5 |
Proposals | 2 | 0 | 1 | n/a | 100.0 | 17 | 25 | -32.0 |
Nunavut | 0 | 0 | 1 | n/a | -100.0 | 2 | 10 | -80.0 |
Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 0 | 4 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Canada | 10,122 | 10,141 | 10,729 | -0.2 | -5.7 | 122,296 | 125,907 | -2.9 |
Bankruptcies | 4,862 | 4,737 | 5,368 | 2.6 | -9.4 | 59,192 | 63,782 | -7.2 |
Proposals | 5,260 | 5,404 | 5,361 | -2.7 | -1.9 | 63,104 | 62,125 | 1.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
September 2017 | August 2017 | September 2016 | Aug. 2017 to Sept. 2017 | Sept. 2016 to Sept. 2017 | 09-30-2017 | 09-30-2016 | % Change | |
Newfoundland and Labrador | 2 | 0 | 3 | n/a | -33.3 | 36 | 25 | 44.0 |
Bankruptcies | 2 | 0 | 2 | n/a | 0.0 | 27 | 18 | 50.0 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 9 | 7 | 28.6 |
Prince Edward Island | 1 | 1 | 2 | 0.0 | -50.0 | 13 | 15 | -13.3 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 10 | 10 | 0.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 3 | 5 | -40.0 |
Nova Scotia | 3 | 7 | 3 | -57.1 | 0.0 | 57 | 74 | -23.0 |
Bankruptcies | 3 | 5 | 3 | -40.0 | 0.0 | 48 | 66 | -27.3 |
Proposals | 0 | 2 | 0 | -100.0 | n/a | 9 | 8 | 12.5 |
New Brunswick | 0 | 2 | 4 | -100.0 | -100.0 | 50 | 67 | -25.4 |
Bankruptcies | 0 | 2 | 4 | -100.0 | -100.0 | 43 | 54 | -20.4 |
Proposals | 0 | 0 | 0 | n/a | n/a | 7 | 13 | -46.2 |
Quebec | 159 | 150 | 167 | 6.0 | -4.8 | 2,056 | 2,252 | -8.7 |
Bankruptcies | 117 | 112 | 116 | 4.5 | 0.9 | 1,562 | 1,707 | -8.5 |
Proposals | 42 | 38 | 51 | 10.5 | -17.6 | 494 | 545 | -9.4 |
Ontario | 58 | 76 | 82 | -23.7 | -29.3 | 874 | 970 | -9.9 |
Bankruptcies | 39 | 55 | 69 | -29.1 | -43.5 | 635 | 730 | -13.0 |
Proposals | 19 | 21 | 13 | -9.5 | 46.2 | 239 | 240 | -0.4 |
Manitoba | 1 | 6 | 4 | -83.3 | -75.0 | 43 | 49 | -12.2 |
Bankruptcies | 0 | 4 | 3 | -100.0 | -100.0 | 32 | 36 | -11.1 |
Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 11 | 13 | -15.4 |
Saskatchewan | 4 | 12 | 6 | -66.7 | -33.3 | 121 | 120 | 0.8 |
Bankruptcies | 4 | 9 | 5 | -55.6 | -20.0 | 90 | 92 | -2.2 |
Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 31 | 28 | 10.7 |
Alberta | 8 | 33 | 11 | -75.8 | -27.3 | 206 | 134 | 53.7 |
Bankruptcies | 5 | 18 | 10 | -72.2 | -50.0 | 140 | 100 | 40.0 |
Proposals | 3 | 15 | 1 | -80.0 | 200.0 | 66 | 34 | 94.1 |
British Columbia | 10 | 4 | 12 | 150.0 | -16.7 | 159 | 229 | -30.6 |
Bankruptcies | 9 | 2 | 10 | 350.0 | -10.0 | 131 | 162 | -19.1 |
Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 28 | 67 | -58.2 |
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 | 246 | 291 | 294 | -15.5 | -16.3 | 3,616 | 3,936 | -8.1 |
Bankruptcies | 180 | 208 | 224 | -13.5 | -19.6 | 2,719 | 2,976 | -8.6 |
Proposals | 66 | 83 | 70 | -20.5 | -5.7 | 897 | 960 | -6.6 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
September 2017 | August 2017 | September 2016 | Aug. 2017 to Sept. 2017 | Sept. 2016 to Sept. 2017 | 09-30-2017 | 09-30-2016 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 7 | 8 | 6 | -12.5 | 16.7 | 86 | 69 | 24.6 |
Bankruptcies | 3 | 7 | 3 | -57.1 | 0.0 | 64 | 51 | 25.5 |
Proposals | 4 | 1 | 3 | 300.0 | 33.3 | 22 | 18 | 22.2 |
Mining and Oil and Gas Extraction | 1 | 5 | 3 | -80.0 | -66.7 | 63 | 54 | 16.7 |
Bankruptcies | 1 | 3 | 2 | -66.7 | -50.0 | 46 | 34 | 35.3 |
Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 17 | 20 | -15.0 |
Utilities | 0 | 0 | 1 | n/a | -100.0 | 8 | 7 | 14.3 |
Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 6 | 2 | 200.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 5 | -60.0 |
Construction | 48 | 63 | 61 | -23.8 | -21.3 | 658 | 733 | -10.2 |
Bankruptcies | 36 | 43 | 44 | -16.3 | -18.2 | 481 | 546 | -11.9 |
Proposals | 12 | 20 | 17 | -40.0 | -29.4 | 177 | 187 | -5.3 |
Manufacturing | 22 | 24 | 19 | -8.3 | 15.8 | 320 | 327 | -2.1 |
Bankruptcies | 12 | 18 | 16 | -33.3 | -25.0 | 224 | 243 | -7.8 |
Proposals | 10 | 6 | 3 | 66.7 | 233.3 | 96 | 84 | 14.3 |
Wholesale Trade | 11 | 20 | 14 | -45.0 | -21.4 | 178 | 178 | 0.0 |
Bankruptcies | 10 | 12 | 12 | -16.7 | -16.7 | 132 | 140 | -5.7 |
Proposals | 1 | 8 | 2 | -87.5 | -50.0 | 46 | 38 | 21.1 |
Retail Trade | 26 | 28 | 29 | -7.1 | -10.3 | 392 | 493 | -20.5 |
Bankruptcies | 22 | 22 | 22 | 0.0 | 0.0 | 295 | 365 | -19.2 |
Proposals | 4 | 6 | 7 | -33.3 | -42.9 | 97 | 128 | -24.2 |
Transportation and Warehousing | 16 | 13 | 17 | 23.1 | -5.9 | 240 | 215 | 11.6 |
Bankruptcies | 12 | 12 | 13 | 0.0 | -7.7 | 186 | 169 | 10.1 |
Proposals | 4 | 1 | 4 | 300.0 | 0.0 | 54 | 46 | 17.4 |
Information and Cultural Industries | 7 | 4 | 5 | 75.0 | 40.0 | 72 | 69 | 4.3 |
Bankruptcies | 5 | 3 | 5 | 66.7 | 0.0 | 49 | 62 | -21.0 |
Proposals | 2 | 1 | 0 | 100.0 | n/a | 23 | 7 | 228.6 |
Finance and Insurance | 3 | 3 | 6 | 0.0 | -50.0 | 60 | 70 | -14.3 |
Bankruptcies | 3 | 2 | 6 | 50.0 | -50.0 | 51 | 57 | -10.5 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 9 | 13 | -30.8 |
Real Estate and Rental and Leasing | 13 | 10 | 15 | 30.0 | -13.3 | 141 | 164 | -14.0 |
Bankruptcies | 10 | 4 | 9 | 150.0 | 11.1 | 98 | 112 | -12.5 |
Proposals | 3 | 6 | 6 | -50.0 | -50.0 | 43 | 52 | -17.3 |
Professional, Scientific and Technical Services | 22 | 17 | 20 | 29.4 | 10.0 | 268 | 286 | -6.3 |
Bankruptcies | 17 | 12 | 16 | 41.7 | 6.3 | 212 | 221 | -4.1 |
Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 56 | 65 | -13.8 |
Management of Companies and Enterprises | 7 | 1 | 9 | 600.0 | -22.2 | 76 | 69 | 10.1 |
Bankruptcies | 7 | 1 | 4 | 600.0 | 75.0 | 60 | 49 | 22.4 |
Proposals | 0 | 0 | 5 | n/a | -100.0 | 16 | 20 | -20.0 |
Administrative and Support, Waste Management and Remediation Services | 8 | 12 | 14 | -33.3 | -42.9 | 171 | 189 | -9.5 |
Bankruptcies | 5 | 6 | 11 | -16.7 | -54.5 | 130 | 134 | -3.0 |
Proposals | 3 | 6 | 3 | -50.0 | 0.0 | 41 | 55 | -25.5 |
Educational Services | 0 | 4 | 2 | -100.0 | -100.0 | 38 | 34 | 11.8 |
Bankruptcies | 0 | 3 | 1 | -100.0 | -100.0 | 32 | 21 | 52.4 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 6 | 13 | -53.8 |
Health Care and Social Assistance | 3 | 5 | 6 | -40.0 | -50.0 | 76 | 67 | 13.4 |
Bankruptcies | 2 | 3 | 4 | -33.3 | -50.0 | 58 | 50 | 16.0 |
Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 18 | 17 | 5.9 |
Arts, Entertainment and Recreation | 5 | 7 | 4 | -28.6 | 25.0 | 73 | 79 | -7.6 |
Bankruptcies | 1 | 7 | 3 | -85.7 | -66.7 | 51 | 64 | -20.3 |
Proposals | 4 | 0 | 1 | n/a | 300.0 | 22 | 15 | 46.7 |
Accommodation and Food Services | 34 | 48 | 51 | -29.2 | -33.3 | 521 | 652 | -20.1 |
Bankruptcies | 22 | 36 | 41 | -38.9 | -46.3 | 401 | 505 | -20.6 |
Proposals | 12 | 12 | 10 | 0.0 | 20.0 | 120 | 147 | -18.4 |
Other Services (except Public Administration) | 12 | 18 | 12 | -33.3 | 0.0 | 169 | 177 | -4.5 |
Bankruptcies | 11 | 14 | 11 | -21.4 | 0.0 | 139 | 147 | -5.4 |
Proposals | 1 | 4 | 1 | -75.0 | 0.0 | 30 | 30 | 0.0 |
Public Administration | 1 | 1 | 0 | 0.0 | n/a | 6 | 4 | 50.0 |
Bankruptcies | 1 | 0 | 0 | n/a | n/a | 4 | 4 | 0.0 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 2 | 0 | n/a |
Total | 246 | 291 | 294 | -15.5 | -16.3 | 3,616 | 3,936 | -8.1 |
Bankruptcies | 180 | 208 | 224 | -13.5 | -19.6 | 2,719 | 2,976 | -8.6 |
Proposals | 66 | 83 | 70 | -20.5 | -5.7 | 897 | 960 | -6.6 |