Insolvency statistics in Canada—Fourth quarter of 2022 (part 7)

 

Notes for Tables 9, 10 and 11

The count of CCAA proceedings filed in the quarter is accurate as of the last day of the quarter.

CCAA filings are counted according to the Initial Order Date as indicated on Form 1 Information Pertaining to the Initial Order.

The method for counting the filing affiliates changed in 2022. The count of filing affiliates now reflects the affiliated companies reported on Form 2 Debtor Company Information Summary (Commencement of Proceedings).

Deemed trust and contingent liabilities are not included in the calculation of total liabilities.

CCAA filings are counted under the province reported in the debtor company's head office address. In cases where the head office address is outside of Canada, the court district in which the filing is made is used.

More than one NAICS code can be reported, and this is reflected in the report. Note that the method for counting the NAICS codes changed in 2022.

In cases where there is a discrepancy between reports, the most recent is to be considered accurate.

Table 9: Total CCAA Proceedings
- Volume +/- Change 12-Month Period Ending
Q4 2022 Q3 2022 Q4 2021 Q3 2022
to
Q4 2022
Q4 2021
to
Q4 2022
12-31-2022 12-31-2021 +/- Change
Total Domestic Proceedings Filed 15 10 6 5 9 38 26 12

Filed by Privately-Held Companies

11 5 3 6 8 25 21 4

Filed by Publicly-traded Companies

4 5 3 -1 1 13 5 8

Filing Affiliates

191 70 6 121 185 338 180 158
Total Liabilities (in millions) 1,943,790,707 816,403,413 515,178,103 1,127,387,294 1,428,612,604 3,744,801,653 4,060,817,286 -316,015,633

Secured Liabilities (%)

65.1 34.1 54.0 n/a n/a 58.3 32.5 n/a

Unsecured Liabilities (%)

34.9 65.9 46.0 n/a n/a 41.7 67.5 n/a
Total Assets (in millions) 2,589,742,912 1,193,957,904 494,339,412 1,395,785,008 2,095,403,500 5,141,366,146 3,807,580,464 1,333,785,682
Table 10: CCAA Proceedings by Province
- Volume +/- Change 12-Month Period Ending
Q4 2022 Q3 2022 Q4 2021 Q3 2022
to
Q4 2022
Q4 2021
to
Q4 2022
12-31-2022 12-31-2021 +/- Change
Newfoundland and Labrador 1 0 0 1 1 3 0 3
Nova Scotia 0 1 0 -1 0 1 0 1
Prince Edward Island 0 0 0 0 0 0 0 0
New Brunswick 0 0 0 0 0 0 0 0
Quebec 2 3 1 -1 1 6 5 1
Ontario 6 2 3 4 3 13 13 0
Manitoba 1 0 0 1 1 1 0 1
Saskatchewan 0 0 0 0 0 0 0 0
Alberta 1 1 1 0 0 2 5 -3
British Columbia 4 3 0 1 4 12 3 9
Northwest Territories 0 0 0 0 0 0 0 0
Yukon 0 0 0 0 0 0 0 0
Nunavut 0 0 0 0 0 0 0 0
Canada 15 10 5 5 10 38 26 12