Sections
Definitions
- Companies' Creditors Arrangement Act (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.
- 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.
Highlights
Twenty Companies’ Creditors Arrangement Act (CCAA) proceedings were filed with the Office of the Superintendent of Bankruptcy (OSB) in the first quarter of 2026. Please refer to the CCAA Records List for additional details regarding each filing.
| Date of proceedings | Company name | Province of debtor | Sector | Monitor | Liabilities (in millions) |
|---|---|---|---|---|---|
| 2026-03-24 | The Cannabist Company Holdings Inc. and The Cannabist Company Holdings (Canada) Inc. | Ontario | Manufacturing | FTI CONSULTING CANADA INC. | $710 |
| 2026-03-13 | CFFI Ventures Inc. | Nova Scotia | Management of companies and enterprises | FTI CONSULTING CANADA INC. | $1 479 |
| 2026-03-12 | Freedom Self Storage Inc. and Honeycomb Self-Storage Limited | Nova Scotia | Real estate and rental and leasing | GRANT THORNTON LIMITED | $7 |
| 2026-03-02 | RDFN FUM NATURAL PRODUCTS LTD. AND RDFN FUM NATURAL PRODUCTS INC. | Alberta | Manufacturing | ALVAREZ & MARSAL CANADA INC. | $12 |
| 2026-02-27 | Massive Hash Factory Ltd., CannMart Inc., ANC Inc. | Alberta | Agriculture, forestry, fishing and hunting | MNP LTD / MNP LTÉE | $28 |
| 2026-02-27 | World Energy GH2 Inc. et. al. | Newfoundland and Labrador | Utilities | GRANT THORNTON LIMITED | $65 |
| 2026-02-27 | XTM Inc. and Everyday People Payments Inc. | Ontario | Finance and insurance | THE FULLER LANDAU GROUP INC. | $91 |
| 2026-02-26 | Darwynn Ltd. | Ontario | Transportation and Warehousing | ERNST & YOUNG INC. | $5 |
| 2026-02-20 | Paragon Sales Ltd. | Saskatchewan | Retail trade | GLASSRATNER RESTRUCTURING INC. | $14 |
| 2026-02-20 | TRION BATTERY TECHNOLOGIES INC. | Alberta | Manufacturing | FTI CONSULTING CANADA INC. | $64 |
| 2026-02-17 | Sweet Berry Farms Ltd. | Newfoundland and Labrador | Agriculture, forestry, fishing and hunting | GRANT THORNTON LIMITED | $5 |
| 2026-02-10 | LJM Developments (Hamilton) Inc. | Ontario | Construction | KPMG INC. | $113 |
| 2026-02-09 | THENTIA GLOBAL SYSTEMS INC. et. al. | Ontario | Information and cultural industries | ERNST & YOUNG INC. | $42 |
| 2026-02-04 | GREEN IMPACT PARTNERS INC. et. al. | Alberta | Mining, quarrying, and oil and gas extraction | ERNST & YOUNG INC. | $73 |
| 2026-02-03 | Toys "R" Us (Canada) Ltd. / Toys "R" Us (Canada) Ltee. | Ontario | Retail trade | ALVAREZ & MARSAL CANADA INC. | $496 |
| 2026-01-30 | Ayurcann Holdings Corp. and Ayurcann Inc. | Ontario | Wholesale Trade | ALVAREZ & MARSAL CANADA INC. | $15 |
| 2026-01-26 | Spring Loaded Technology Inc. | Nova Scotia | Manufacturing | GRANT THORNTON LIMITED | $9 |
| 2026-01-15 | Duchesne et Fils Ltée | Quebec | Manufacturing | ERNST & YOUNG INC. | $59 |
| 2026-01-14 | 1228 MANSFIELD DEVELOPMENT GP INC., 9399-6767 QUÉBEC INC., 1201-1215 PHILLIPS SQUARE PHASE II DEVELOPMENT GP INC., and 9368-9008 QUÉBEC INC. | Quebec | Real estate and rental and leasing | RAYMOND CHABOT INC. | $646 |
| 2026-01-08 | GROUPE COLABOR INC., TRANSPORT PAUL-ÉMILE DUBÉ LTÉE, LES PÊCHERIES NORREF QUÉBEC INC., LE GROUPE RESTO-ACHATS INC. | Quebec | Transportation and warehousing | RAYMOND CHABOT INC. | $299 |
Figure 1: Filings by regionFootnote *
| British Columbia: | 0 filings 0% |
| Alberta: | 4 filings 20% |
| Saskatchewan: | 1 filings 5% |
| Manitoba: | 0 filings 0% |
| Ontario: | 7 filing 35% |
| Quebec: | 3 filings 15% |
| Newfoundland & Labrador: |
2 filings 10% |
| Nova Scotia: | 3 filings 15% |
Filings by region
Description of Figure 1
This line graph presents the number of filings per quarter under the Companies’ Creditors Arrangement Act (CCAA), broken down by the East, Ontario and West Regions from the first quarter of 2024 to the first quarter of 2026. The note to the table explains that East Region includes New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Quebec; Ontario Region includes Ontario; and West Region includes Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Saskatchewan, and Yukon.
The x-axis represents the quarters for the data points, starting at the first quarter of 2024 and continuing for each quarter until the first quarter of 2026.
The y-axis shows the number of CCAA filings. The baseline is zero, increasing by increments of 1 until it reaches 10. The legend on the right side of the chart shows that East Region is represented by a blue line with diamonds to mark data points; Ontario Region is represented by a purple line with squares for data points; and the West Region is represented by a green line with triangles for data points.
For the first quarter of 2024, the East Region decreased to 4 filings, the West Region increased to 8 filings, and the Ontario Region dropped to 6 filings.
For the second quarter of 2024, the East Region decreased to 2 filings, the West Region dropped to 7 filings, and the Ontario Region increased to 7 filings.
For the third quarter of 2024, the East Region remained at 2 filings, the West Region remained at 7 filings, and the Ontario Region decreased to 2 filings.
For the fourth quarter of 2024, the East Region increased to 8 filings, the West Region decreased to 6 filings, and the Ontario Region increased to 8 filings.
For the first quarter of 2025, the East Region decreased to 7 filings, the West Region increased to 7 filings, and the Ontario Region decreased to 6 filings.
For the second quarter of 2025, the East Region decreased to 5 filings, the West Region decreased to 3 filings, and the Ontario Region increased to 7 filings.
For the third quarter of 2025, the East Region remained at 5 filings, the West Region increased to 6 filings, and the Ontario Region decreased to 4 filings.
For the fourth quarter of 2025, the East Region decreased to 3 filings, the West Region increased to 9 filings, and the Ontario Region increased to 5 filings.
For the first quarter of 2026, the East Region increased to 8 filings, the West Region decreased to 5 filings, and the Ontario Region increased to 7 filings.
To the left of the line graph is a summary of CCAA filings by province for the most recent quarter, the first quarter of 2026: British Columbia had 0 filings (0%), Alberta had 4 filings (20%), Ontario had 7 filings (35%), Nova Scotia had 3 filings (15%), Quebec had 3 filings (15%), Saskatchewan had 1 filing (5%), Manitoba had 0 filings, (0%), and Newfoundland & Labrador had 2 filings (10%).
East Region includes New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Quebec
Ontario Region includes Ontario
West Region includes Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Saskatchewan, and Yukon
For more information, see Table 10: Total CCAA Proceedings Filed by Province in Insolvency statistics in Canada - First Quarter 2026.
Figure 2: Filings by NAICS Footnote * economic sector
The Manufacturing sector had the highest number of filings in the first quarter of 2026, with 5 filings.
Filings by NAICS economic sector
Description of Figure 2
This bar graph breaks down filings under the Companies’ Creditors Arrangement Act (CCAA) by economic sector as defined by the North American Industry Classification System (NAICS). The data is for the first quarter of 2026.
The x-axis represents the sectors which had filings in the first quarter of 2026. There are 12 sectors represented, each shown with a blue vertical bar. The 12 sectors represented in the first quarter of 2026 are as below:
- The Agriculture, Forestry, Fishing And Hunting had 2 filings.
- The Construction sector had 1 filing.
- The Wholesale trade sector had 1 filing.
- The Management of companies and enterprises sector had 1 filing.
- The Manufacturing sector had 5 filings.
- The Mining, quarrying, and oil and gas extraction sector had 1 filing.
- The Real estate and rental and leasing sector had 2 filings.
- The Retail trade sector had 2 filings.
- The Transportation And Warehousing sector had 2 filings.
- The Utilities sector had 1 filing.
- The Finance and insurance sector had 1 filing.
- The Information and cultural industries sector had 1 filing.
The y-axis shows the number of CCAA filings. The baseline is zero, increasing by increments of 1 until it reaches 6.
[Text in margin] The Manufacturing sector had the highest number of filings in the first quarter of 2026, with 5 filings.
[Footnote] NAICS categorizations are based on the primary economic activity of the company as reported by the Monitor.
For more information, see Table 11: CCAA Proceedings Filed by NAICS Economic Sector, Canada, in Insolvency statistics in Canada - First Quarter 2026.
Recently closed filesFootnote *
| Company name | Sector | Monitor | Outcome | Duration of the proceeding (in days) | Liabilities (in millions) |
|---|---|---|---|---|---|
| PLURIBUS TECHNOLOGIES CORP. | Information and cultural industries | GLASSRATNER RESTRUCTURING INC. | Terminated - no compromise or arrangement sanctioned by the court | 346 | $39 |
| Groupe Dynamite Inc. | Retail Trade | DELOITTE RESTRUCTURING INC/RESTRUCTURATION DELOITTE INC | Closed - Concluded | 1,925 | $357 |
| Groupe Selection Inc. et al | Real estate rental and leasing | PRICEWATERHOUSECOOPERS INC. | Closed - Concluded | 844 | $357 |
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