Insolvency Statistics in Canada — 2022 (Table 4)

 
Table 4: BIA Insolvencies by NAICS Sectors
  Volume Assets Declared at the Time of Filing ($)
2022
Liabilities Declared at the Time of Filing ($)
2022
2022 2021 % Change
Agriculture, Forestry, Fishing and Hunting 77 51 51.0 172,241,532 507,127,422
Bankruptcies
62 44 40.9 171,517,876 501,667,051
Proposals
15 7 114.3 723,656 5,460,371
Mining and Oil and Gas Extraction 29 39 -25.6 36,211,642 170,247,921
Bankruptcies
23 28 -17.9 29,717,800 129,497,957
Proposals
6 11 -45.5 6,493,842 40,749,964
Utilities 7 3 133.3 4,498,402 37,433,565
Bankruptcies
4 2 100.0 4,227,378 36,866,147
Proposals
3 1 200.0 271,024 567,418
Construction 519 369 40.7 37,091,737 406,354,690
Bankruptcies
357 277 28.9 29,444,786 291,767,896
Proposals
162 92 76.1 7,646,951 114,586,794
Manufacturing 267 224 19.2 38,952,753 461,787,112
Bankruptcies
199 171 16.4 26,944,981 347,247,390
Proposals
68 53 28.3 12,007,772 114,539,722
Wholesale Trade 152 101 50.5 10,695,400 129,263,850
Bankruptcies
122 81 50.6 8,244,665 86,017,556
Proposals
30 20 50.0 2,450,735 43,246,294
Retail Trade 374 255 46.7 31,994,966 343,545,054
Bankruptcies
317 201 57.7 26,929,469 273,691,521
Proposals
57 54 5.6 5,065,497 69,853,533
Transportation and Warehousing 289 190 52.1 40,467,216 247,963,704
Bankruptcies
223 156 42.9 34,811,136 225,233,193
Proposals
66 34 94.1 5,656,080 22,730,511
Information and Cultural Industries 70 40 75.0 2,864,550 38,225,731
Bankruptcies
44 34 29.4 2,157,701 15,467,120
Proposals
26 6 333.3 706,849 22,758,611
Finance and Insurance 40 53 -24.5 5,300,584 139,063,779
Bankruptcies
28 44 -36.4 4,705,868 45,629,119
Proposals
12 9 33.3 594,716 93,434,660
Real Estate and Rental and Leasing 116 118 -1.7 44,545,122 955,599,806
Bankruptcies
93 84 10.7 42,361,336 640,439,257
Proposals
23 34 -32.4 2,183,786 315,160,549
Professional, Scientific and Technical Services 242 170 42.4 16,211,493 287,939,827
Bankruptcies
177 141 25.5 4,653,025 232,772,228
Proposals
65 29 124.1 11,558,468 55,167,599
Management of Companies and Enterprises 82 64 28.1 10,797,341 500,039,375
Bankruptcies
70 49 42.9 10,753,826 468,410,586
Proposals
12 15 -20.0 43,515 31,628,789
Administrative and Support, Waste Management and Remediation Services 178 145 22.8 10,092,413 76,318,539
Bankruptcies
122 108 13.0 5,718,334 48,107,257
Proposals
56 37 51.4 4,374,079 28,211,282
Educational Services 35 26 34.6 1,936,354 17,079,808
Bankruptcies
28 21 33.3 1,917,597 15,684,805
Proposals
7 5 40.0 18,757 1,395,003
Health Care and Social Assistance 102 66 54.5 9,661,271 74,472,500
Bankruptcies
67 48 39.6 6,802,469 48,111,524
Proposals
35 18 94.4 2,858,802 26,360,976
Arts, Entertainment and Recreation 84 68 23.5 3,201,652 31,109,522
Bankruptcies
73 49 49.0 2,538,106 27,048,180
Proposals
11 19 -42.1 663,546 4,061,342
Accommodation and Food Services 500 367 36.2 24,202,821 184,668,386
Bankruptcies
423 296 42.9 22,079,754 163,834,333
Proposals
77 71 8.5 2,123,067 20,834,053
Other Services (except Public Administration) 229 126 81.7 9,735,182 83,632,498
Bankruptcies
179 103 73.8 7,008,928 69,611,580
Proposals
50 23 117.4 2,726,254 14,020,918
Public Administration 8 4 100.0 12,103 1,340,026
Bankruptcies
8 4 100.0 12,103 1,340,026
Proposals
0 0 -- 0 0
Canada 3,400 2,479 37.2 510,714,534 4,693,213,115
Bankruptcies
2,619 1,941 34.9 442,547,138 3,668,444,726
Proposals
781 538 45.2 68,167,396 1,024,768,389