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Insolvency Statistics in Canada
October 2017
214 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 | |||||
|---|---|---|---|---|---|---|---|---|
| October 2017 | September 2017 | October 2016 | Sept. 2017 to Oct. 2017 | Oct. 2016 to Oct. 2017 | 10-31-2017 | 10-31-2016 | % Change | |
| Newfoundland and Labrador | 255 | 228 | 172 | 11.8 | 48.3 | 2,517 | 2,303 | 9.3 |
| Bankruptcies | 127 | 118 | 103 | 7.6 | 23.3 | 1,420 | 1,529 | -7.1 |
| Proposals | 128 | 110 | 69 | 16.4 | 85.5 | 1,097 | 774 | 41.7 |
| Prince Edward Island | 53 | 56 | 74 | -5.4 | -28.4 | 691 | 833 | -17.0 |
| Bankruptcies | 28 | 35 | 48 | -20.0 | -41.7 | 412 | 524 | -21.4 |
| Proposals | 25 | 21 | 26 | 19.0 | -3.8 | 279 | 309 | -9.7 |
| Nova Scotia | 500 | 494 | 505 | 1.2 | -1.0 | 5,901 | 5,933 | -0.5 |
| Bankruptcies | 309 | 338 | 362 | -8.6 | -14.6 | 3,979 | 4,180 | -4.8 |
| Proposals | 191 | 156 | 143 | 22.4 | 33.6 | 1,922 | 1,753 | 9.6 |
| New Brunswick | 373 | 349 | 423 | 6.9 | -11.8 | 4,429 | 4,429 | 0.0 |
| Bankruptcies | 195 | 191 | 266 | 2.1 | -26.7 | 2,588 | 2,908 | -11.0 |
| Proposals | 178 | 158 | 157 | 12.7 | 13.4 | 1,841 | 1,521 | 21.0 |
| Quebec | 3,852 | 3,628 | 3,793 | 6.2 | 1.6 | 43,740 | 45,318 | -3.5 |
| Bankruptcies | 2,123 | 2,050 | 2,215 | 3.6 | -4.2 | 24,515 | 25,988 | -5.7 |
| Proposals | 1,729 | 1,578 | 1,578 | 9.6 | 9.6 | 19,225 | 19,330 | -0.5 |
| Ontario | 3,349 | 3,183 | 3,304 | 5.2 | 1.4 | 39,270 | 40,894 | -4.0 |
| Bankruptcies | 1,394 | 1,333 | 1,444 | 4.6 | -3.5 | 16,223 | 17,972 | -9.7 |
| Proposals | 1,955 | 1,850 | 1,860 | 5.7 | 5.1 | 23,047 | 22,922 | 0.5 |
| Manitoba | 290 | 224 | 260 | 29.5 | 11.5 | 2,634 | 2,619 | 0.6 |
| Bankruptcies | 155 | 120 | 135 | 29.2 | 14.8 | 1,396 | 1,448 | -3.6 |
| Proposals | 135 | 104 | 125 | 29.8 | 8.0 | 1,238 | 1,171 | 5.7 |
| Saskatchewan | 306 | 296 | 251 | 3.4 | 21.9 | 3,275 | 2,962 | 10.6 |
| Bankruptcies | 143 | 108 | 119 | 32.4 | 20.2 | 1,489 | 1,500 | -0.7 |
| Proposals | 163 | 188 | 132 | -13.3 | 23.5 | 1,786 | 1,462 | 22.2 |
| Alberta | 1,216 | 1,119 | 1,105 | 8.7 | 10.0 | 13,525 | 12,924 | 4.7 |
| Bankruptcies | 461 | 409 | 462 | 12.7 | -0.2 | 5,250 | 5,413 | -3.0 |
| Proposals | 755 | 710 | 643 | 6.3 | 17.4 | 8,275 | 7,511 | 10.2 |
| British Columbia | 778 | 773 | 807 | 0.6 | -3.6 | 10,105 | 11,279 | -10.4 |
| Bankruptcies | 298 | 329 | 346 | -9.4 | -13.9 | 4,313 | 5,058 | -14.7 |
| Proposals | 480 | 444 | 461 | 8.1 | 4.1 | 5,792 | 6,221 | -6.9 |
| Northwest Territories | 9 | 16 | 5 | -43.8 | 80.0 | 72 | 66 | 9.1 |
| Bankruptcies | 8 | 11 | 3 | -27.3 | 166.7 | 48 | 35 | 37.1 |
| Proposals | 1 | 5 | 2 | -80.0 | -50.0 | 24 | 31 | -22.6 |
| Yukon | 3 | 2 | 4 | 50.0 | -25.0 | 32 | 54 | -40.7 |
| Bankruptcies | 3 | 0 | 1 | n/a | 200.0 | 18 | 27 | -33.3 |
| Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 14 | 27 | -48.1 |
| Nunavut | 1 | 0 | 2 | n/a | -50.0 | 1 | 12 | -91.7 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 5 | -100.0 |
| Proposals | 1 | 0 | 2 | n/a | -50.0 | 1 | 7 | -85.7 |
| Canada | 10,985 | 10,368 | 10,705 | 6.0 | 2.6 | 126,192 | 129,626 | -2.6 |
| Bankruptcies | 5,244 | 5,042 | 5,504 | 4.0 | -4.7 | 61,651 | 66,587 | -7.4 |
| Proposals | 5,741 | 5,326 | 5,201 | 7.8 | 10.4 | 64,541 | 63,039 | 2.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| October 2017 | September 2017 | October 2016 | Sept. 2017 to Oct. 2017 | Oct. 2016 to Oct. 2017 | 10-31-2017 | 10-31-2016 | % Change | |
| Newfoundland and Labrador | 252 | 226 | 171 | 11.5 | 47.4 | 2,479 | 2,278 | 8.8 |
| Bankruptcies | 127 | 116 | 102 | 9.5 | 24.5 | 1,394 | 1,511 | -7.7 |
| Proposals | 125 | 110 | 69 | 13.6 | 81.2 | 1,085 | 767 | 41.5 |
| Prince Edward Island | 53 | 55 | 74 | -3.6 | -28.4 | 678 | 820 | -17.3 |
| Bankruptcies | 28 | 34 | 48 | -17.6 | -41.7 | 402 | 516 | -22.1 |
| Proposals | 25 | 21 | 26 | 19.0 | -3.8 | 276 | 304 | -9.2 |
| Nova Scotia | 496 | 491 | 498 | 1.0 | -0.4 | 5,847 | 5,856 | -0.2 |
| Bankruptcies | 306 | 335 | 358 | -8.7 | -14.5 | 3,932 | 4,113 | -4.4 |
| Proposals | 190 | 156 | 140 | 21.8 | 35.7 | 1,915 | 1,743 | 9.9 |
| New Brunswick | 367 | 349 | 418 | 5.2 | -12.2 | 4,378 | 4,364 | 0.3 |
| Bankruptcies | 190 | 191 | 262 | -0.5 | -27.5 | 2,544 | 2,856 | -10.9 |
| Proposals | 177 | 158 | 156 | 12.0 | 13.5 | 1,834 | 1,508 | 21.6 |
| Quebec | 3,664 | 3,469 | 3,631 | 5.6 | 0.9 | 41,658 | 43,088 | -3.3 |
| Bankruptcies | 1,978 | 1,933 | 2,093 | 2.3 | -5.5 | 22,930 | 24,295 | -5.6 |
| Proposals | 1,686 | 1,536 | 1,538 | 9.8 | 9.6 | 18,728 | 18,793 | -0.3 |
| Ontario | 3,264 | 3,125 | 3,216 | 4.4 | 1.5 | 38,399 | 39,915 | -3.8 |
| Bankruptcies | 1,327 | 1,294 | 1,380 | 2.6 | -3.8 | 15,585 | 17,236 | -9.6 |
| Proposals | 1,937 | 1,831 | 1,836 | 5.8 | 5.5 | 22,814 | 22,679 | 0.6 |
| Manitoba | 289 | 223 | 259 | 29.6 | 11.6 | 2,591 | 2,573 | 0.7 |
| Bankruptcies | 154 | 120 | 134 | 28.3 | 14.9 | 1,364 | 1,414 | -3.5 |
| Proposals | 135 | 103 | 125 | 31.1 | 8.0 | 1,227 | 1,159 | 5.9 |
| Saskatchewan | 289 | 292 | 243 | -1.0 | 18.9 | 3,145 | 2,846 | 10.5 |
| Bankruptcies | 129 | 104 | 112 | 24.0 | 15.2 | 1,392 | 1,408 | -1.1 |
| Proposals | 160 | 188 | 131 | -14.9 | 22.1 | 1,753 | 1,438 | 21.9 |
| Alberta | 1,199 | 1,111 | 1,081 | 7.9 | 10.9 | 13,326 | 12,774 | 4.3 |
| Bankruptcies | 450 | 404 | 440 | 11.4 | 2.3 | 5,121 | 5,298 | -3.3 |
| Proposals | 749 | 707 | 641 | 5.9 | 16.8 | 8,205 | 7,476 | 9.8 |
| British Columbia | 773 | 763 | 796 | 1.3 | -2.9 | 9,952 | 11,067 | -10.1 |
| Bankruptcies | 294 | 320 | 340 | -8.1 | -13.5 | 4,184 | 4,907 | -14.7 |
| Proposals | 479 | 443 | 456 | 8.1 | 5.0 | 5,768 | 6,160 | -6.4 |
| Northwest Territories | 9 | 16 | 5 | -43.8 | 80.0 | 71 | 66 | 7.6 |
| Bankruptcies | 8 | 11 | 3 | -27.3 | 166.7 | 47 | 35 | 34.3 |
| Proposals | 1 | 5 | 2 | -80.0 | -50.0 | 24 | 31 | -22.6 |
| Yukon | 3 | 2 | 4 | 50.0 | -25.0 | 32 | 54 | -40.7 |
| Bankruptcies | 3 | 0 | 1 | n/a | 200.0 | 18 | 27 | -33.3 |
| Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 14 | 27 | -48.1 |
| Nunavut | 1 | 0 | 2 | n/a | -50.0 | 1 | 11 | -90.9 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 4 | -100.0 |
| Proposals | 1 | 0 | 2 | n/a | -50.0 | 1 | 7 | -85.7 |
| Canada | 10,659 | 10,122 | 10,398 | 5.3 | 2.5 | 122,557 | 125,712 | -2.5 |
| Bankruptcies | 4,994 | 4,862 | 5,273 | 2.7 | -5.3 | 58,913 | 63,620 | -7.4 |
| Proposals | 5,665 | 5,260 | 5,125 | 7.7 | 10.5 | 63,644 | 62,092 | 2.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| October 2017 | September 2017 | October 2016 | Sept. 2017 to Oct. 2017 | Oct. 2016 to Oct. 2017 | 10-31-2017 | 10-31-2016 | % Change | |
| Newfoundland and Labrador | 3 | 2 | 1 | 50.0 | 200.0 | 38 | 25 | 52.0 |
| Bankruptcies | 0 | 2 | 1 | -100.0 | -100.0 | 26 | 18 | 44.4 |
| Proposals | 3 | 0 | 0 | n/a | n/a | 12 | 7 | 71.4 |
| Prince Edward Island | 0 | 1 | 0 | -100.0 | n/a | 13 | 13 | 0.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | n/a | 10 | 8 | 25.0 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 3 | 5 | -40.0 |
| Nova Scotia | 4 | 3 | 7 | 33.3 | -42.9 | 54 | 77 | -29.9 |
| Bankruptcies | 3 | 3 | 4 | 0.0 | -25.0 | 47 | 67 | -29.9 |
| Proposals | 1 | 0 | 3 | n/a | -66.7 | 7 | 10 | -30.0 |
| New Brunswick | 6 | 0 | 5 | n/a | 20.0 | 51 | 65 | -21.5 |
| Bankruptcies | 5 | 0 | 4 | n/a | 25.0 | 44 | 52 | -15.4 |
| Proposals | 1 | 0 | 1 | n/a | 0.0 | 7 | 13 | -46.2 |
| Quebec | 188 | 159 | 162 | 18.2 | 16.0 | 2,082 | 2,230 | -6.6 |
| Bankruptcies | 145 | 117 | 122 | 23.9 | 18.9 | 1,585 | 1,693 | -6.4 |
| Proposals | 43 | 42 | 40 | 2.4 | 7.5 | 497 | 537 | -7.4 |
| Ontario | 85 | 58 | 88 | 46.6 | -3.4 | 871 | 979 | -11.0 |
| Bankruptcies | 67 | 39 | 64 | 71.8 | 4.7 | 638 | 736 | -13.3 |
| Proposals | 18 | 19 | 24 | -5.3 | -25.0 | 233 | 243 | -4.1 |
| Manitoba | 1 | 1 | 1 | 0.0 | 0.0 | 43 | 46 | -6.5 |
| Bankruptcies | 1 | 0 | 1 | n/a | 0.0 | 32 | 34 | -5.9 |
| Proposals | 0 | 1 | 0 | -100.0 | n/a | 11 | 12 | -8.3 |
| Saskatchewan | 17 | 4 | 8 | 325.0 | 112.5 | 130 | 116 | 12.1 |
| Bankruptcies | 14 | 4 | 7 | 250.0 | 100.0 | 97 | 92 | 5.4 |
| Proposals | 3 | 0 | 1 | n/a | 200.0 | 33 | 24 | 37.5 |
| Alberta | 17 | 8 | 24 | 112.5 | -29.2 | 199 | 150 | 32.7 |
| Bankruptcies | 11 | 5 | 22 | 120.0 | -50.0 | 129 | 115 | 12.2 |
| Proposals | 6 | 3 | 2 | 100.0 | 200.0 | 70 | 35 | 100.0 |
| British Columbia | 5 | 10 | 11 | -50.0 | -54.5 | 153 | 212 | -27.8 |
| Bankruptcies | 4 | 9 | 6 | -55.6 | -33.3 | 129 | 151 | -14.6 |
| Proposals | 1 | 1 | 5 | 0.0 | -80.0 | 24 | 61 | -60.7 |
| 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 | 326 | 246 | 307 | 32.5 | 6.2 | 3,635 | 3,914 | -7.1 |
| Bankruptcies | 250 | 180 | 231 | 38.9 | 8.2 | 2,738 | 2,967 | -7.7 |
| Proposals | 76 | 66 | 76 | 15.2 | 0.0 | 897 | 947 | -5.3 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| October 2017 | September 2017 | October 2016 | Sept. 2017 to Oct. 2017 | Oct. 2016 to Oct. 2017 | 10-31-2017 | 10-31-2016 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 1 | 7 | 12 | -85.7 | -91.7 | 75 | 75 | 0.0 |
| Bankruptcies | 1 | 3 | 8 | -66.7 | -87.5 | 57 | 55 | 3.6 |
| Proposals | 0 | 4 | 4 | -100.0 | -100.0 | 18 | 20 | -10.0 |
| Mining and Oil and Gas Extraction | 4 | 1 | 11 | 300.0 | -63.6 | 56 | 62 | -9.7 |
| Bankruptcies | 3 | 1 | 10 | 200.0 | -70.0 | 39 | 43 | -9.3 |
| Proposals | 1 | 0 | 1 | n/a | 0.0 | 17 | 19 | -10.5 |
| Utilities | 1 | 0 | 0 | n/a | n/a | 9 | 7 | 28.6 |
| Bankruptcies | 1 | 0 | 0 | n/a | n/a | 7 | 2 | 250.0 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 5 | -60.0 |
| Construction | 70 | 48 | 60 | 45.8 | 16.7 | 668 | 726 | -8.0 |
| Bankruptcies | 50 | 36 | 44 | 38.9 | 13.6 | 487 | 541 | -10.0 |
| Proposals | 20 | 12 | 16 | 66.7 | 25.0 | 181 | 185 | -2.2 |
| Manufacturing | 31 | 22 | 27 | 40.9 | 14.8 | 324 | 318 | 1.9 |
| Bankruptcies | 26 | 12 | 17 | 116.7 | 52.9 | 233 | 234 | -0.4 |
| Proposals | 5 | 10 | 10 | -50.0 | -50.0 | 91 | 84 | 8.3 |
| Wholesale Trade | 9 | 11 | 18 | -18.2 | -50.0 | 169 | 182 | -7.1 |
| Bankruptcies | 6 | 10 | 15 | -40.0 | -60.0 | 123 | 145 | -15.2 |
| Proposals | 3 | 1 | 3 | 200.0 | 0.0 | 46 | 37 | 24.3 |
| Retail Trade | 37 | 26 | 21 | 42.3 | 76.2 | 408 | 471 | -13.4 |
| Bankruptcies | 27 | 22 | 17 | 22.7 | 58.8 | 305 | 352 | -13.4 |
| Proposals | 10 | 4 | 4 | 150.0 | 150.0 | 103 | 119 | -13.4 |
| Transportation and Warehousing | 17 | 16 | 19 | 6.3 | -10.5 | 238 | 216 | 10.2 |
| Bankruptcies | 13 | 12 | 14 | 8.3 | -7.1 | 185 | 169 | 9.5 |
| Proposals | 4 | 4 | 5 | 0.0 | -20.0 | 53 | 47 | 12.8 |
| Information and Cultural Industries | 4 | 7 | 4 | -42.9 | 0.0 | 72 | 66 | 9.1 |
| Bankruptcies | 1 | 5 | 2 | -80.0 | -50.0 | 48 | 57 | -15.8 |
| Proposals | 3 | 2 | 2 | 50.0 | 50.0 | 24 | 9 | 166.7 |
| Finance and Insurance | 9 | 3 | 4 | 200.0 | 125.0 | 65 | 70 | -7.1 |
| Bankruptcies | 7 | 3 | 4 | 133.3 | 75.0 | 54 | 57 | -5.3 |
| Proposals | 2 | 0 | 0 | n/a | n/a | 11 | 13 | -15.4 |
| Real Estate and Rental and Leasing | 7 | 13 | 7 | -46.2 | 0.0 | 141 | 156 | -9.6 |
| Bankruptcies | 6 | 10 | 4 | -40.0 | 50.0 | 100 | 104 | -3.8 |
| Proposals | 1 | 3 | 3 | -66.7 | -66.7 | 41 | 52 | -21.2 |
| Professional, Scientific and Technical Services | 22 | 22 | 19 | 0.0 | 15.8 | 271 | 284 | -4.6 |
| Bankruptcies | 18 | 17 | 14 | 5.9 | 28.6 | 216 | 216 | 0.0 |
| Proposals | 4 | 5 | 5 | -20.0 | -20.0 | 55 | 68 | -19.1 |
| Management of Companies and Enterprises | 7 | 7 | 8 | 0.0 | -12.5 | 75 | 73 | 2.7 |
| Bankruptcies | 4 | 7 | 6 | -42.9 | -33.3 | 58 | 53 | 9.4 |
| Proposals | 3 | 0 | 2 | n/a | 50.0 | 17 | 20 | -15.0 |
| Administrative and Support, Waste Management and Remediation Services | 10 | 8 | 17 | 25.0 | -41.2 | 164 | 192 | -14.6 |
| Bankruptcies | 7 | 5 | 16 | 40.0 | -56.3 | 121 | 142 | -14.8 |
| Proposals | 3 | 3 | 1 | 0.0 | 200.0 | 43 | 50 | -14.0 |
| Educational Services | 4 | 0 | 3 | n/a | 33.3 | 39 | 35 | 11.4 |
| Bankruptcies | 3 | 0 | 3 | n/a | 0.0 | 32 | 23 | 39.1 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 7 | 12 | -41.7 |
| Health Care and Social Assistance | 7 | 3 | 8 | 133.3 | -12.5 | 75 | 69 | 8.7 |
| Bankruptcies | 7 | 2 | 4 | 250.0 | 75.0 | 61 | 49 | 24.5 |
| Proposals | 0 | 1 | 4 | -100.0 | -100.0 | 14 | 20 | -30.0 |
| Arts, Entertainment and Recreation | 9 | 5 | 9 | 80.0 | 0.0 | 73 | 81 | -9.9 |
| Bankruptcies | 7 | 1 | 5 | 600.0 | 40.0 | 53 | 65 | -18.5 |
| Proposals | 2 | 4 | 4 | -50.0 | -50.0 | 20 | 16 | 25.0 |
| Accommodation and Food Services | 58 | 34 | 47 | 70.6 | 23.4 | 532 | 657 | -19.0 |
| Bankruptcies | 46 | 22 | 37 | 109.1 | 24.3 | 410 | 513 | -20.1 |
| Proposals | 12 | 12 | 10 | 0.0 | 20.0 | 122 | 144 | -15.3 |
| Other Services (except Public Administration) | 19 | 12 | 12 | 58.3 | 58.3 | 176 | 170 | 3.5 |
| Bankruptcies | 17 | 11 | 11 | 54.5 | 54.5 | 145 | 144 | 0.7 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 31 | 26 | 19.2 |
| Public Administration | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 4 | 25.0 |
| Bankruptcies | 0 | 1 | 0 | -100.0 | n/a | 4 | 3 | 33.3 |
| Proposals | 0 | 0 | 1 | n/a | -100.0 | 1 | 1 | 0.0 |
| Total | 326 | 246 | 307 | 32.5 | 6.2 | 3,635 | 3,914 | -7.1 |
| Bankruptcies | 250 | 180 | 231 | 38.9 | 8.2 | 2,738 | 2,967 | -7.7 |
| Proposals | 76 | 66 | 76 | 15.2 | 0.0 | 897 | 947 | -5.3 |