CCAA Statistics in Canada—Third Quarter of 2013

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Tables

Definitions

CCAA:

The Companies' Creditors Arrangement Act (CCAA) is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. CCAA
proceedings are carried out under supervision of the courts.

Cross-Border Proceedings:

When a proceeding is filed in a foreign jurisdiction where the debtor company has the centre of its main interests, it is referred to as a foreign main proceeding. Proceedings brought before any other court would generally be referred to as foreign non-main proceedings.

North American Industry Classification System (NAICS):

The NAICS is an industry classification system that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

Table 1: Total CCAA Proceedings—Domestic
no dataVolume+/-
Change
12-Month Period Ending
Q1 2014Q4 2013Q1 2013Q4 2013 –
Q1 2014
Q1 2013 –
Q1 2014
03-31-201403-31-2013+/-
Change
Total Domestic Proceedings FiledFootnote 1679-1-32449-25
Filing Affiliates104117-31-768297-229
Filed by Publicly-Traded Companies
32211714-7
Filed by Privately-Held Companies
357-2-41735-18
Total Liabilities—
Book Value ($millions)Footnote 2
$619.017$219.736$921.144$399.281-$302.127$1,405.881$7,582.560-$6,176.679
% of Secured Liabilities
38.05%62.26%52.41%  55.53%46.74% 
% of Unsecured Liabilities
61.95%37.74%47.59%  44.47%53.26% 
Total Assets—Book Value ($millions)$803.913$336.818$1,417.995$467.095-$614.082$1,620.708$9,677.254-$8,056.546
Table 2: Total CCAA Proceedings—Cross-Border
 Volume+/-
Change
12-Month Period Ending
Q3 2013Q2 2013Q3 2012Q2 2013 –
Q3 2013
Q3 2012 –
Q3 2013
09-30-201309-30-2012+/-
Change
Total Cross-Border Proceedings FiledFootnote 30020-206-6
Foreign Main Proceedings
0020-206-6
Foreign Non-Main Proceedings
00000000
Total Liabilities—
Book Value ($millions)Footnote 4
$0.000$0.000$214.856Footnote 5$0.000-$214.856Footnote 5$0.000$3,044.515Footnote 5Footnote 6-$3,044.515Footnote 5Footnote 6
Total Assets—
Book Value ($millions)
$0.000$0.000$205.025Footnote 5$0.000-$205.025Footnote 5$0.000$4,948.846Footnote 5Footnote 6-$4,948.846Footnote 5Footnote 6
Table 3: Total CCAA Proceedings Filed by Province
Empty cellVolume+/-
Change
12-Month Period Ending
Q3 2013Q2 2013Q3 2012Q2 2013 –
Q3 2013
Q3 2012 –
Q3 2013
09-30-201309-30-2012+/-
Change
Newfoundland and Labrador        
Domestic        
Cross-Border        
Prince Edward Island        
Domestic        
Cross-Border        
Nova Scotia      1-1
Domestic      1-1
Cross-Border        
New Brunswick  1 -1 1-1
Domestic  1 -1 1-1
Cross-Border        
Quebec111  37-4
Domestic111  37-4
Cross-Border        
Ontario221 11020-10
Domestic22  21015-5
Cross-Border  1 -1 5-5
Manitoba 11-1-112-1
Domestic 11-1-112-1
Cross-Border        
Saskatchewan        
Domestic        
Cross-Border        
Alberta225 -3812-4
Domestic225 -3812-4
Cross-Border        
British Columbia112 -1212-10
Domestic111  211-9
Cross-Border  1 -1 1-1
Northwest Territories        
Domestic        
Cross-Border        
Yukon        
Domestic        
Cross-Border        
Nunavut        
Domestic        
Cross-Border        
Canada6711-1-52455-31
Domestic679-1-32449-25
Cross-Border  2 -2 6-6
Table 4: CCAA Proceedings Filed by NAICS Economic Sector, CanadaFootnote 7
Volume+/-
Change
12-Month Period Ending
Q3 2013Q2 2013Q3 2012Q2 2013
Q3 2013
Q3 2012
Q3 2013
09-30-201309-30-2012+/-
Change
Agriculture, Forestry, Fishing and Hunting  1 -1 6-6
Domestic  1 -1 6-6
Cross-Border        
Mining and Oil and Gas Extraction32211752
Domestic32211752
Cross-Border        
Utilities        
Domestic        
Cross-Border        
Construction124-1-347-3
Domestic124-1-347-3
Cross-Border        
Manufacturing1 31-2414-10
Domestic1 21-1413-9
Cross-Border  1 -1 1-1
Wholesale Trade      2-2
Domestic      2-2
Cross-Border        
Retail Trade 1 -1 35-2
Domestic 1 -1 35-2
Cross-Border        
Transportation and Warehousing1  1123-1
Domestic1  1122 
Cross-Border      1-1
Information and Cultural Industries  1 -112-1
Domestic     1 1
Cross-Border  1 -1 2-2
Finance and Insurance      4-4
Domestic      4-4
Cross-Border        
Real Estate, Rental and Leasing      3-3
Domestic      3-3
Cross-Border        
Professional, Scientific and Technical Services 1 -1 11 
Domestic 1 -1 1 1
Cross-Border      1-1
Management of Companies and Enterprises  1 -112-1
Domestic  1 -112-1
Cross-Border        
Administrative and Support, Waste Management and Remediation Services        
Domestic        
Cross-Border        
Educational Services        
Domestic        
Cross-Border        
Health Care and Social Assistance      1-1
Domestic      1-1
Cross-Border        
Arts, Entertainment and Recreation     11 
Domestic     11 
Cross-Border        
Accommodation and Food Services        
Domestic        
Cross-Border        
Other Services (except Public Administration) 1 -1 11 
Domestic 1 -1 1 1
Cross-Border      1-1
Public Administration        
Domestic        
Cross-Border        
Canada6712-1-62557-32
Domestic6710-1-42551-26
Cross-Border  2 -2 6-6