Insolvency statistics in Canada—Fourth quarter of 2022 (part 4)

 

Some insolvency filings do not have an identifiable Economic Region. Previously, a process was used to redistribute these filings among Economic Regions. From 2022 onwards, filings with an unknown Economic Region will be reported as such. Note that in cases where there is a discrepancy between past reports, the most recent report is considered correct.

Table 6: BIA Insolvencies Filed by Businesses by ER
- Volume % Change 12-Month Period Ending
Q4 2022 Q3 2022 Q4 2021 Q3 2022
to
Q3 2022
Q4 2021
to
Q4 2022
12-31-2022 12-31-2021 % Change
Newfoundland and Labrador 1 4 3 -75.0 -66.7 12 12 0.0

Bankruptcies

1 2 2 -50.0 -50.0 10 11 -9.1

Proposals

0 2 1 -100.0 -100.0 2 1 100.0
Avalon Peninsula 0 2 3 -100.0 -100.0 8 6 33.3

Bankruptcies

0 1 2 -100.0 -100.0 7 5 40.0

Proposals

0 1 1 -100.0 -100.0 1 1 0.0
South Coast - Burin Peninsula 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
West Coast - Northern Peninsula - Labrador 0 1 0 -100.0 -- 1 2 -50.0

Bankruptcies

0 0 0 -- -- 0 2 -100.0

Proposals

0 1 0 -100.0 -- 1 0 --
Notre Dame - Central Bonavista Bay 1 1 0 0.0 -- 2 1 100.0

Bankruptcies

1 1 0 0.0 -- 2 1 100.0

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 0 -- -- 1 3 -66.7

Bankruptcies

0 0 0 -- -- 1 3 -66.7

Proposals

0 0 0 -- -- 0 0 --
Prince Edward Island 2 0 2 -- 0.0 3 4 -25.0

Bankruptcies

1 0 2 -- -50.0 2 3 -33.3

Proposals

1 0 0 -- -- 1 1 0.0
Prince Edward Island 1 0 2 -- -50.0 2 4 -50.0

Bankruptcies

0 0 2 -- -100.0 1 3 -66.7

Proposals

1 0 0 -- -- 1 1 0.0
Unknown 1 0 0 -- -- 1 0 --

Bankruptcies

1 0 0 -- -- 1 0 --

Proposals

0 0 0 -- -- 0 0 --
Nova Scotia 9 5 7 80.0 28.6 27.0 17.0 58.8

Bankruptcies

5 5 4 0.0 25.0 17.0 13.0 30.8

Proposals

4 0 3 -- 33.3 10.0 4.0 150.0
Cape Breton 2 0 1 -- 100.0 4.0 2.0 100.0

Bankruptcies

1 0 1 -- 0.0 3.0 2.0 50.0

Proposals

1 0 0 -- -- 1.0 0.0 --
North Shore 0 0 0 -- -- 1.0 2.0 -50.0

Bankruptcies

0 0 0 -- -- 1.0 2.0 -50.0

Proposals

0 0 0 -- -- 0 0 --
Annapolis Valley 2 1 2 100.0 0.0 3.0 2.0 50.0

Bankruptcies

2 1 2 100.0 0.0 3.0 2.0 50.0

Proposals

0 0 0 -- -- 0 0 --
Southern 1 1 1 0.0 0.0 3.0 2.0 50.0

Bankruptcies

1 1 0 0.0 -- 3.0 1.0 200.0

Proposals

0 0 1 -- -100.0 0.0 1.0 -100.0
Halifax 4 3 3 33.3 33.3 16 9 77.8

Bankruptcies

1 3 1 -66.7 0.0 7 6 16.7

Proposals

3 0 2 -- 50.0 9 3 200.0
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
New Brunswick 7 8 4 -12.5 75.0 26 12 116.7

Bankruptcies

5 7 3 -28.6 66.7 21 10 110.0

Proposals

2 1 1 100.0 100.0 5 2 150.0
Campbellton - Miramichi 1 2 0 -50.0 -- 8 3 166.7

Bankruptcies

1 2 0 -50.0 -- 8 3 166.7

Proposals

0 0 0 -- -- 0 0 --
Moncton - Richibucto 2 1 1 100.0 100.0 6 3 100.0

Bankruptcies

2 1 0 100.0 -- 4 2 100.0

Proposals

0 0 1 -- -100.0 2 1 100.0
Saint John - St.Stephen 2 4 2 -50.0 0.0 6 2 200.0

Bankruptcies

0 3 2 -100.0 -100.0 3 2 50.0

Proposals

2 1 0 100.0 -- 3 0 --
Fredericton - Oromocto 0 1 1 -100.0 -100.0 3 3 0.0

Bankruptcies

0 1 1 -100.0 -100.0 3 3 0.0

Proposals

0 0 0 -- -- 0 0 --
Edmundston - Woodstock 2 0 0 -- -- 3 1 200.0

Bankruptcies

2 0 0 -- -- 3 0 --

Proposals

0 0 0 -- -- 0 1 -100.0
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Quebec 573 429 476 33.6 20.4 1,948 1,531 27.2

Bankruptcies

481 362 389 32.9 23.7 1,627 1,261 29.0

Proposals

92 67 87 37.3 5.7 321 270 18.9
Gaspésie - Îles-de-la-Madeleine 0 3 6 -100.0 -100.0 7 10 -30.0

Bankruptcies

0 1 5 -100.0 -100.0 5 8 -37.5

Proposals

0 2 1 -100.0 -100.0 2 2 0.0
Bas-Saint-Laurent 10 4 6 150.0 66.7 37 23 60.9

Bankruptcies

8 3 3 166.7 166.7 28 15 86.7

Proposals

2 1 3 100.0 -33.3 9 8 12.5
Capitale-Nationale 60 36 42 66.7 42.9 168 137 22.6

Bankruptcies

47 29 33 62.1 42.4 137 109 25.7

Proposals

13 7 9 85.7 44.4 31 28 10.7
Chaudière - Appalaches 21 16 18 31.3 16.7 71 79 -10.1

Bankruptcies

18 14 15 28.6 20.0 63 65 -3.1

Proposals

3 2 3 50.0 0.0 8 14 -42.9
Estrie 16 11 8 45.5 100.0 48 33 45.5

Bankruptcies

13 9 7 44.4 85.7 41 28 46.4

Proposals

3 2 1 50.0 200.0 7 5 40.0
Centre-du-Québec 8 10 14 -20.0 -42.9 33 45 -26.7

Bankruptcies

8 9 12 -11.1 -33.3 27 43 -37.2

Proposals

0 1 2 -100.0 -100.0 6 2 200.0
Montérégie 90 73 70 23.3 28.6 324 232 39.7

Bankruptcies

77 59 56 30.5 37.5 258 196 31.6

Proposals

13 14 14 -7.1 -7.1 66 36 83.3
Montréal 176 136 156 29.4 12.8 577 480 20.2

Bankruptcies

143 116 131 23.3 9.2 487 382 27.5

Proposals

33 20 25 65.0 32.0 90 98 -8.2
Laval 33 22 31 50.0 6.5 119 89 33.7

Bankruptcies

30 18 22 66.7 36.4 102 69 47.8

Proposals

3 4 9 -25.0 -66.7 17 20 -15.0
Lanaudière 42 35 28 20.0 50.0 123 79 55.7

Bankruptcies

37 34 24 8.8 54.2 112 65 72.3

Proposals

5 1 4 400.0 25.0 11 14 -21.4
Laurentides 40 24 33 66.7 21.2 157 114 37.7

Bankruptcies

34 20 30 70.0 13.3 128 107 19.6

Proposals

6 4 3 50.0 100.0 29 7 314.3
Outaouais 16 16 14 0.0 14.3 64 55 16.4

Bankruptcies

14 13 12 7.7 16.7 52 50 4.0

Proposals

2 3 2 -33.3 0.0 12 5 140.0
Abitibi - Témiscamingue 5 4 6 25.0 -16.7 17 24 -29.2

Bankruptcies

5 4 6 25.0 -16.7 17 23 -26.1

Proposals

0 0 0 -- -- 0 1 -100.0
Mauricie 23 14 12 64.3 91.7 72 43 67.4

Bankruptcies

21 13 8 61.5 162.5 62 32 93.8

Proposals

2 1 4 100.0 -50.0 10 11 -9.1
Saguenay - Lac-Saint-Jean 12 13 11 -7.7 9.1 60 37 62.2

Bankruptcies

11 11 10 0.0 10.0 54 30 80.0

Proposals

1 2 1 -50.0 0.0 6 7 -14.3
Côte-Nord 4 2 2 100.0 100.0 11 5 120.0

Bankruptcies

2 1 2 100.0 0.0 7 4 75.0

Proposals

2 1 0 100.0 -- 4 1 300.0
Nord-du-Québec 0 1 2 -100.0 -100.0 3 3 0.0

Bankruptcies

0 1 1 -100.0 -100.0 1 2 -50.0

Proposals

0 0 1 -- -100.0 2 1 100.0
Unknown 17 9 17 88.9 0.0 57 43 32.6

Bankruptcies

13 7 12 85.7 8.3 46 33 39.4

Proposals

4 2 5 100.0 -20.0 11 10 10.0
Ontario 284 208 184 36.5 54.3 907 613 48.0

Bankruptcies

205 162 136 26.5 50.7 657 447 47.0

Proposals

79 46 48 71.7 64.6 250 166 50.6
Ottawa 21 19 28 10.5 -25.0 83 61 36.1

Bankruptcies

14 17 17 -17.6 -17.6 62 46 34.8

Proposals

7 2 11 250.0 -36.4 21 15 40.0
Kingston - Pembroke 3 4 3 -25.0 0.0 11 8 37.5

Bankruptcies

3 4 2 -25.0 50.0 10 4 150.0

Proposals

0 0 1 -- -100.0 1 4 -75.0
Muskoka - Kawarthas 6 0 2 -- 200.0 12 5 140.0

Bankruptcies

5 0 2 -- 150.0 8 5 60.0

Proposals

1 0 0 -- -- 4 0 --
Toronto 163 119 96 37.0 69.8 523 349 49.9

Bankruptcies

124 97 74 27.8 67.6 385 260 48.1

Proposals

39 22 22 77.3 77.3 138 89 55.1
Kitchener - Waterloo - Barrie 21 14 5 50.0 320.0 55 31 77.4

Bankruptcies

13 7 3 85.7 333.3 34 22 54.5

Proposals

8 7 2 14.3 300.0 21 9 133.3
Hamilton - Niagara Peninsula 25 22 19 13.6 31.6 87 52 67.3

Bankruptcies

17 19 16 -10.5 6.3 66 33 100.0

Proposals

8 3 3 166.7 166.7 21 19 10.5
London 8 11 8 -27.3 0.0 34 24 41.7

Bankruptcies

6 5 5 20.0 20.0 21 15 40.0

Proposals

2 6 3 -66.7 -33.3 13 9 44.4
Windsor - Sarnia 2 8 6 -75.0 -66.7 21 24 -12.5

Bankruptcies

1 5 5 -80.0 -80.0 17 20 -15.0

Proposals

1 3 1 -66.7 0.0 4 4 0.0
Stratford - Bruce Peninsula 5 1 5 400.0 0.0 12 7 71.4

Bankruptcies

4 1 5 300.0 -20.0 10 6 66.7

Proposals

1 0 0 -- -- 2 1 100.0
Northeast 5 6 1 -16.7 400.0 22 14 57.1

Bankruptcies

1 4 0 -75.0 -- 12 10 20.0

Proposals

4 2 1 100.0 300.0 10 4 150.0
Northwest 2 0 0 -- -- 5 2 150.0

Bankruptcies

1 0 0 -- -- 2 2 0.0

Proposals

1 0 0 -- -- 3 0 --
Unknown 23 4 11 475.0 109.1 42 36 16.7

Bankruptcies

16 3 7 433.3 128.6 30 24 25.0

Proposals

7 1 4 600.0 75.0 12 12 0.0
Manitoba 12 7 5 71.4 140.0 35 30 16.7

Bankruptcies

5 3 4 66.7 25.0 18 24 -25.0

Proposals

7 4 1 75.0 600.0 17 6 183.3
Southeast 1 0 0 -- -- 3 1 200.0

Bankruptcies

0 0 0 -- -- 2 0 --

Proposals

1 0 0 -- -- 1 1 0.0
South Central 2 0 0 -- -- 3 1 200.0

Bankruptcies

2 0 0 -- -- 3 1 200.0

Proposals

0 0 0 -- -- 0 0 --
Southwest 2 1 2 100.0 0.0 3 5 -40.0

Bankruptcies

0 1 2 -100.0 -100.0 1 5 -80.0

Proposals

2 0 0 -- -- 2 0 --
North Central 0 0 0 -- -- 3 1 200.0

Bankruptcies

0 0 0 -- -- 3 1 200.0

Proposals

0 0 0 -- -- 0 0 --
Winnipeg 5 3 1 66.7 400.0 13 15 -13.3

Bankruptcies

2 1 0 100.0 -- 6 10 -40.0

Proposals

3 2 1 50.0 200.0 7 5 40.0
Interlake 1 1 0 0.0 -- 3 3 0.0

Bankruptcies

0 1 0 -100.0 -- 1 3 -66.7

Proposals

1 0 0 -- -- 2 0 --
Parklands 0 0 2 -- -100.0 0 3 -100.0

Bankruptcies

0 0 2 -- -100.0 0 3 -100.0

Proposals

0 0 0 -- -- 0 0 --
North 0 2 0 -100.0 -- 3 0 --

Bankruptcies

0 0 0 -- -- 1 0 --

Proposals

0 2 0 -100.0 -- 2 0 --
Unknown 1 0 0 -- -- 4 1 300.0

Bankruptcies

1 0 0 -- -- 1 1 0.0

Proposals

0 0 0 -- -- 3 0 --
Saskatchewan 12 18 11 -33.3 9.1 57 47 21.3

Bankruptcies

6 10 8 -40.0 -25.0 34 35 -2.9

Proposals

6 8 3 -25.0 100.0 23 12 91.7
Regina - Moose Mountain 3 4 2 -25.0 50.0 11 10 10.0

Bankruptcies

3 1 2 200.0 50.0 7 8 -12.5

Proposals

0 3 0 -100.0 -- 4 2 100.0
Swift Current - Moose Jaw 0 0 1 -- -100.0 4 5 -20.0

Bankruptcies

0 0 1 -- -100.0 3 5 -40.0

Proposals

0 0 0 -- -- 1 0 --
Saskatoon - Biggar 4 8 5 -50.0 -20.0 22 19 15.8

Bankruptcies

0 4 3 -100.0 -100.0 10 16 -37.5

Proposals

4 4 2 0.0 100.0 12 3 300.0
Yorkton - Melville 0 1 0 -100.0 -- 5 2 150.0

Bankruptcies

0 1 0 -100.0 -- 4 0 --

Proposals

0 0 0 -- -- 1 2 -50.0
Prince Albert 4 4 3 0.0 33.3 11 11 0.0

Bankruptcies

2 3 2 -33.3 0.0 8 6 33.3

Proposals

2 1 1 100.0 100.0 3 5 -40.0
Northern 0 1 0 -100.0 -- 2 0 --

Bankruptcies

0 1 0 -100.0 -- 1 0 --

Proposals

0 0 0 -- -- 1 0 --
Unknown 1 0 0 -- -- 2 0 --

Bankruptcies

1 0 0 -- -- 1 0 --

Proposals

0 0 0 -- -- 1 0 --
Alberta 66 72 27 -8.3 144.4 236 140 68.6

Bankruptcies

37 34 19 8.8 94.7 133 89 49.4

Proposals

29 38 8 -23.7 262.5 103 51 102.0
Lethbridge - Medicine Hat 3 2 3 50.0 0.0 8 5 60.0

Bankruptcies

3 2 3 50.0 0.0 8 5 60.0

Proposals

0 0 0 -- -- 0 0 --
Camrose - Drumheller 1 1 0 0.0 -- 7 4 75.0

Bankruptcies

1 0 0 -- -- 3 2 50.0

Proposals

0 1 0 -100.0 -- 4 2 100.0
Calgary 30 37 9 -18.9 233.3 105 52 101.9

Bankruptcies

15 14 7 7.1 114.3 51 41 24.4

Proposals

15 23 2 -34.8 650.0 54 11 390.9
Banff - Jasper - Rocky Mountain House 1 0 2 -- -50.0 3 2 50.0

Bankruptcies

0 0 1 -- -100.0 2 1 100.0

Proposals

1 0 1 -- 0.0 1 1 0.0
Red Deer 4 6 0 -33.3 -- 11 1 1,000.0

Bankruptcies

2 3 0 -33.3 -- 6 1 500.0

Proposals

2 3 0 -33.3 -- 5 0 --
Edmonton 18 16 10 12.5 80.0 67 54 24.1

Bankruptcies

10 8 7 25.0 42.9 42 24 75.0

Proposals

8 8 3 0.0 166.7 25 30 -16.7
Athabasca - Grande Prairie - Peace River 4 4 2 0.0 100.0 12 10 20.0

Bankruptcies

2 4 1 -50.0 100.0 9 5 80.0

Proposals

2 0 1 -- 100.0 3 5 -40.0
Wood Buffalo - Cold Lake 3 0 0 -- -- 10 3 233.3

Bankruptcies

3 0 0 -- -- 8 3 166.7

Proposals

0 0 0 -- -- 2 0 --
Unknown 2 6 1 -66.7 100.0 13 9 44.4

Bankruptcies

1 3 0 -66.7 -- 4 7 -42.9

Proposals

1 3 1 -66.7 0.0 9 2 350.0
British Columbia 35 45 14 -22.2 150.0 149 74 101.4

Bankruptcies

21 30 12 -30.0 75.0 102 49 108.2

Proposals

14 15 2 -6.7 600.0 47 25 88.0
Vancouver Island and Coast 0 0 0 -- -- 0 2 -100.0

Bankruptcies

0 0 0 -- -- 0 1 -100.0

Proposals

0 0 0 -- -- 0 1 -100.0
Lower Mainland - Southwest 3 7 0 -57.1 -- 17 7 142.9

Bankruptcies

2 5 0 -60.0 -- 12 5 140.0

Proposals

1 2 0 -50.0 -- 5 2 150.0
Thompson - Okanagan 21 29 10 -27.6 110.0 101 44 129.5

Bankruptcies

13 19 9 -31.6 44.4 67 32 109.4

Proposals

8 10 1 -20.0 700.0 34 12 183.3
Kootenay 8 5 3 60.0 166.7 17 12 41.7

Bankruptcies

4 2 2 100.0 100.0 10 6 66.7

Proposals

4 3 1 33.3 300.0 7 6 16.7
Cariboo 1 0 0 -- -- 1 0 --

Bankruptcies

1 0 0 -- -- 1 0 --

Proposals

0 0 0 -- -- 0 0 --
North Coast 2 2 1 0.0 100.0 6 1 500.0

Bankruptcies

1 2 1 -50.0 0.0 5 1 400.0

Proposals

1 0 0 -- -- 1 0 --
Nechako 0 0 0 -- -- 3 1 200.0

Bankruptcies

0 0 0 -- -- 3 0 --

Proposals

0 0 0 -- -- 0 1 -100.0
Northeast 0 0 0 -- -- 1 1 0.0

Bankruptcies

0 0 0 -- -- 1 0 --

Proposals

0 0 0 -- -- 0 1 -100.0
Unknown 0 2 0 -100.0 -- 3 6 -50.0

Bankruptcies

0 2 0 -100.0 -- 3 4 -25.0

Proposals

0 0 0 -- -- 0 2 -100.0
Northwest Territories 2 0 0 -- -- 2 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

2 0 0 -- -- 2 0 --
Northwest Territories 2 0 0 -- -- 2 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

2 0 0 -- -- 2 0 --
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Nunavut 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --
Unknown 0 0 0 -- -- 0 0 --

Bankruptcies

0 0 0 -- -- 0 0 --

Proposals

0 0 0 -- -- 0 0 --