Insolvency statistics in Canada—Third 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
Q3 2022 Q2 2022 Q3 2021 Q2 2022
to
Q3 2022
Q3 2021
to
Q3 2022
09-30-2022 09-30-2021 +/- Change
Total Domestic Proceedings Filed 8 9 3 -1 5 27 26 1

Filed by Privately-Held Companies

4 6 2 -2 2 16 22 -6

Filed by Publicly-traded Companies

4 3 1 1 3 11 4 7

Filing Affiliates

57 56 10 1 47 140 175 -35
Total Liabilities (in millions) 560,402,326 776,683,812 56,943,167 -216,281,486 503,459,159 2,060,187,962 3,939,842,980 -1,879,655,018

Secured Liabilities (%)

43.3 65.5 28.5 n/a n/a 56.4 30.2 n/a

Unsecured Liabilities (%)

56.7 34.5 71.5 n/a n/a 43.6 69.8 n/a
Total Assets (in millions) 679,182,548 851,868,024 69,673,311 -172,685,476 609,509,237 2,531,187,290 3,639,789,893 -1,108,602,603
Table 10: CCAA Proceedings by Province
- Volume +/- Change 12-Month Period Ending
Q3 2022 Q2 2022 Q3 2021 Q2 2022
to
Q3 2022
Q3 2021
to
Q3 2022
09-30-2022 09-30-2021 +/- Change
Newfoundland and Labrador 0 1 0 -1 0 2 0 2
Nova Scotia 1 0 0 1 1 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 1 0 0 1 1 3 5 -2
Ontario 2 3 1 -1 1 11 13 -2
Manitoba 0 0 0 0 0 0 0 0
Saskatchewan 0 0 0 0 0 0 0 0
Alberta 1 0 1 1 0 2 4 -2
British Columbia 3 5 1 -2 2 8 4 4
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 8 9 3 -1 5 27 26 1