Detailed report
PDF version
Insolvency Statistics in Canada—August 2014
618 KB, 7 pages
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
Note:
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
- NAICS:
- North American Industry Classification System.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2014 | July 2014 | August 2013 | July 2014 to August 2014 | August 2013 to August 2014 | 08-31-2014 | 08-31-2013 | % Change | |
| Newfoundland and Labrador | 128 | 126 | 135 | 1.6 | -5.2 | 1,575 | 1,733 | -9.1 |
| Bankruptcies | 103 | 111 | 113 | -7.2 | -8.8 | 1,399 | 1,587 | -11.8 |
| Proposals | 25 | 15 | 22 | 66.7 | 13.6 | 176 | 146 | 20.5 |
| Prince Edward Island | 82 | 73 | 68 | 12.3 | 20.6 | 727 | 639 | 13.8 |
| Bankruptcies | 61 | 53 | 46 | 15.1 | 32.6 | 508 | 484 | 5.0 |
| Proposals | 21 | 20 | 22 | 5.0 | -4.5 | 219 | 155 | 41.3 |
| Nova Scotia | 396 | 499 | 433 | -20.6 | -8.5 | 5,096 | 4,534 | 12.4 |
| Bankruptcies | 283 | 356 | 294 | -20.5 | -3.7 | 3,605 | 3,229 | 11.6 |
| Proposals | 113 | 143 | 139 | -21.0 | -18.7 | 1,491 | 1,305 | 14.3 |
| New Brunswick | 398 | 358 | 378 | 11.2 | 5.3 | 4,240 | 3,884 | 9.2 |
| Bankruptcies | 276 | 254 | 269 | 8.7 | 2.6 | 2,958 | 2,879 | 2.7 |
| Proposals | 122 | 104 | 109 | 17.3 | 11.9 | 1,282 | 1,005 | 27.6 |
| Quebec | 3,461 | 3,495 | 3,408 | -1.0 | 1.6 | 42,916 | 40,726 | 5.4 |
| Bankruptcies | 2,022 | 2,095 | 2,215 | -3.5 | -8.7 | 26,072 | 26,505 | -1.6 |
| Proposals | 1,439 | 1,400 | 1,193 | 2.8 | 20.6 | 16,844 | 14,221 | 18.4 |
| Ontario | 3,132 | 3,634 | 3,628 | -13.8 | -13.7 | 43,069 | 46,205 | -6.8 |
| Bankruptcies | 1,487 | 1,714 | 1,846 | -13.2 | -19.4 | 20,774 | 23,191 | -10.4 |
| Proposals | 1,645 | 1,920 | 1,782 | -14.3 | -7.7 | 22,295 | 23,014 | -3.1 |
| Manitoba | 166 | 156 | 176 | 6.4 | -5.7 | 1,903 | 1,910 | -0.4 |
| Bankruptcies | 97 | 107 | 109 | -9.3 | -11.0 | 1,222 | 1,277 | -4.3 |
| Proposals | 69 | 49 | 67 | 40.8 | 3.0 | 681 | 633 | 7.6 |
| Saskatchewan | 163 | 182 | 160 | -10.4 | 1.9 | 2,000 | 1,736 | 15.2 |
| Bankruptcies | 85 | 99 | 98 | -14.1 | -13.3 | 1,176 | 1,049 | 12.1 |
| Proposals | 78 | 83 | 62 | -6.0 | 25.8 | 824 | 687 | 19.9 |
| Alberta | 644 | 655 | 650 | -1.7 | -0.9 | 8,273 | 8,754 | -5.5 |
| Bankruptcies | 300 | 303 | 386 | -1.0 | -22.3 | 4,135 | 5,157 | -19.8 |
| Proposals | 344 | 352 | 264 | -2.3 | 30.3 | 4,138 | 3,597 | 15.0 |
| British Columbia | 844 | 1,044 | 929 | -19.2 | -9.1 | 11,733 | 11,818 | -0.7 |
| Bankruptcies | 454 | 581 | 530 | -21.9 | -14.3 | 6,938 | 7,307 | -5.0 |
| Proposals | 390 | 463 | 399 | -15.8 | -2.3 | 4,795 | 4,511 | 6.3 |
| Northwest Territories | 5 | 2 | 2 | 150.0 | 150.0 | 53 | 50 | 6.0 |
| Bankruptcies | 1 | 2 | 2 | -50.0 | -50.0 | 28 | 30 | -6.7 |
| Proposals | 4 | 0 | 0 | -- | -- | 25 | 20 | 25.0 |
| Yukon | 3 | 6 | 2 | -50.0 | 50.0 | 40 | 40 | 0.0 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 27 | 26 | 3.8 |
| Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 13 | 14 | -7.1 |
| Nunavut | 1 | 0 | 1 | -- | 0.0 | 6 | 4 | 50.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 3 | 2 | 50.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Canada | 9,423 | 10,230 | 9,970 | -7.9 | -5.5 | 121,631 | 122,033 | -0.3 |
| Bankruptcies | 5,172 | 5,678 | 5,910 | -8.9 | -12.5 | 68,845 | 72,723 | -5.3 |
| Proposals | 4,251 | 4,552 | 4,060 | -6.6 | 4.7 | 52,786 | 49,310 | 7.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2014 | July 2014 | August 2013 | July 2014 to August 2014 | August 2013 to August 2014 | 08-31-2014 | 08-31-2013 | % Change | |
| Newfoundland and Labrador | 126 | 126 | 125 | 0.0 | 0.8 | 1,552 | 1,699 | -8.7 |
| Bankruptcies | 101 | 111 | 109 | -9.0 | -7.3 | 1,379 | 1,567 | -12.0 |
| Proposals | 25 | 15 | 16 | 66.7 | 56.3 | 173 | 132 | 31.1 |
| Prince Edward Island | 82 | 69 | 64 | 18.8 | 28.1 | 704 | 624 | 12.8 |
| Bankruptcies | 61 | 51 | 44 | 19.6 | 38.6 | 491 | 473 | 3.8 |
| Proposals | 21 | 18 | 20 | 16.7 | 5.0 | 213 | 151 | 41.1 |
| Nova Scotia | 389 | 490 | 419 | -20.6 | -7.2 | 5,006 | 4,417 | 13.3 |
| Bankruptcies | 279 | 350 | 283 | -20.3 | -1.4 | 3,546 | 3,137 | 13.0 |
| Proposals | 110 | 140 | 136 | -21.4 | -19.1 | 1,460 | 1,280 | 14.1 |
| New Brunswick | 397 | 352 | 370 | 12.8 | 7.3 | 4,154 | 3,812 | 9.0 |
| Bankruptcies | 275 | 250 | 265 | 10.0 | 3.8 | 2,890 | 2,825 | 2.3 |
| Proposals | 122 | 102 | 105 | 19.6 | 16.2 | 1,264 | 987 | 28.1 |
| Quebec | 3,301 | 3,327 | 3,254 | -0.8 | 1.4 | 40,681 | 38,609 | 5.4 |
| Bankruptcies | 1,908 | 1,967 | 2,097 | -3.0 | -9.0 | 24,424 | 24,957 | -2.1 |
| Proposals | 1,393 | 1,360 | 1,157 | 2.4 | 20.4 | 16,257 | 13,652 | 19.1 |
| Ontario | 3,041 | 3,552 | 3,532 | -14.4 | -13.9 | 41,957 | 44,950 | -6.7 |
| Bankruptcies | 1,413 | 1,644 | 1,761 | -14.1 | -19.8 | 19,923 | 22,210 | -10.3 |
| Proposals | 1,628 | 1,908 | 1,771 | -14.7 | -8.1 | 22,034 | 22,740 | -3.1 |
| Manitoba | 162 | 153 | 166 | 5.9 | -2.4 | 1,838 | 1,849 | -0.6 |
| Bankruptcies | 96 | 105 | 99 | -8.6 | -3.0 | 1,169 | 1,226 | -4.6 |
| Proposals | 66 | 48 | 67 | 37.5 | -1.5 | 669 | 623 | 7.4 |
| Saskatchewan | 155 | 175 | 153 | -11.4 | 1.3 | 1,874 | 1,622 | 15.5 |
| Bankruptcies | 81 | 95 | 94 | -14.7 | -13.8 | 1,103 | 981 | 12.4 |
| Proposals | 74 | 80 | 59 | -7.5 | 25.4 | 771 | 641 | 20.3 |
| Alberta | 629 | 642 | 637 | -2.0 | -1.3 | 8,109 | 8,531 | -4.9 |
| Bankruptcies | 289 | 296 | 379 | -2.4 | -23.7 | 4,018 | 5,000 | -19.6 |
| Proposals | 340 | 346 | 258 | -1.7 | 31.8 | 4,091 | 3,531 | 15.9 |
| British Columbia | 823 | 1,017 | 911 | -19.1 | -9.7 | 11,465 | 11,562 | -0.8 |
| Bankruptcies | 438 | 559 | 519 | -21.6 | -15.6 | 6,731 | 7,126 | -5.5 |
| Proposals | 385 | 458 | 392 | -15.9 | -1.8 | 4,734 | 4,436 | 6.7 |
| Northwest Territories | 5 | 2 | 2 | 150.0 | 150.0 | 53 | 50 | 6.0 |
| Bankruptcies | 1 | 2 | 2 | -50.0 | -50.0 | 28 | 30 | -6.7 |
| Proposals | 4 | 0 | 0 | -- | -- | 25 | 20 | 25.0 |
| Yukon | 3 | 6 | 2 | -50.0 | 50.0 | 40 | 38 | 5.3 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 27 | 24 | 12.5 |
| Proposals | 0 | 3 | 1 | -100.0 | -100.0 | 13 | 14 | -7.1 |
| Nunavut | 1 | 0 | 1 | -- | 0.0 | 6 | 4 | 50.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 3 | 2 | 50.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
| Canada | 9,114 | 9,911 | 9,636 | -8.0 | -5.4 | 117,439 | 117,767 | -0.3 |
| Bankruptcies | 4,945 | 5,433 | 5,654 | -9.0 | -12.5 | 65,732 | 69,558 | -5.5 |
| Proposals | 4,169 | 4,478 | 3,982 | -6.9 | 4.7 | 51,707 | 48,209 | 7.3 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2014 | July 2014 | August 2013 | July 2014 to August 2014 | August 2013 to August 2014 | 08-31-2014 | 08-31-2013 | % Change | |
| Newfoundland and Labrador | 2 | 0 | 10 | -- | -80.0 | 23 | 34 | -32.4 |
| Bankruptcies | 2 | 0 | 4 | -- | -50.0 | 20 | 20 | 0.0 |
| Proposals | 0 | 0 | 6 | -- | -100.0 | 3 | 14 | -78.6 |
| Prince Edward Island | 0 | 4 | 4 | -100.0 | -100.0 | 23 | 15 | 53.3 |
| Bankruptcies | 0 | 2 | 2 | -100.0 | -100.0 | 17 | 11 | 54.5 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 6 | 4 | 50.0 |
| Nova Scotia | 7 | 9 | 14 | -22.2 | -50.0 | 90 | 117 | -23.1 |
| Bankruptcies | 4 | 6 | 11 | -33.3 | -63.6 | 59 | 92 | -35.9 |
| Proposals | 3 | 3 | 3 | 0.0 | 0.0 | 31 | 25 | 24.0 |
| New Brunswick | 1 | 6 | 8 | -83.3 | -87.5 | 86 | 72 | 19.4 |
| Bankruptcies | 1 | 4 | 4 | -75.0 | -75.0 | 68 | 54 | 25.9 |
| Proposals | 0 | 2 | 4 | -100.0 | -100.0 | 18 | 18 | 0.0 |
| Quebec | 160 | 168 | 154 | -4.8 | 3.9 | 2,235 | 2,117 | 5.6 |
| Bankruptcies | 114 | 128 | 118 | -10.9 | -3.4 | 1,648 | 1,548 | 6.5 |
| Proposals | 46 | 40 | 36 | 15.0 | 27.8 | 587 | 569 | 3.2 |
| Ontario | 91 | 82 | 96 | 11.0 | -5.2 | 1,112 | 1,255 | -11.4 |
| Bankruptcies | 74 | 70 | 85 | 5.7 | -12.9 | 851 | 981 | -13.3 |
| Proposals | 17 | 12 | 11 | 41.7 | 54.5 | 261 | 274 | -4.7 |
| Manitoba | 4 | 3 | 10 | 33.3 | -60.0 | 65 | 61 | 6.6 |
| Bankruptcies | 1 | 2 | 10 | -50.0 | -90.0 | 53 | 51 | 3.9 |
| Proposals | 3 | 1 | 0 | 200.0 | -- | 12 | 10 | 20.0 |
| Saskatchewan | 8 | 7 | 7 | 14.3 | 14.3 | 126 | 114 | 10.5 |
| Bankruptcies | 4 | 4 | 4 | 0.0 | 0.0 | 73 | 68 | 7.4 |
| Proposals | 4 | 3 | 3 | 33.3 | 33.3 | 53 | 46 | 15.2 |
| Alberta | 15 | 13 | 13 | 15.4 | 15.4 | 164 | 223 | -26.5 |
| Bankruptcies | 11 | 7 | 7 | 57.1 | 57.1 | 117 | 157 | -25.5 |
| Proposals | 4 | 6 | 6 | -33.3 | -33.3 | 47 | 66 | -28.8 |
| British Columbia | 21 | 27 | 18 | -22.2 | 16.7 | 268 | 256 | 4.7 |
| Bankruptcies | 16 | 22 | 11 | -27.3 | 45.5 | 207 | 181 | 14.4 |
| Proposals | 5 | 5 | 7 | 0.0 | -28.6 | 61 | 75 | -18.7 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 309 | 319 | 334 | -3.1 | -7.5 | 4,192 | 4,266 | -1.7 |
| Bankruptcies | 227 | 245 | 256 | -7.3 | -11.3 | 3,113 | 3,165 | -1.6 |
| Proposals | 82 | 74 | 78 | 10.8 | 5.1 | 1,079 | 1,101 | -2.0 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| August 2014 | July 2014 | August 2013 | July 2014 to August 2014 | August 2013 to August 2014 | 08-31-2014 | 08-31-2013 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 8 | 8 | 23 | 0.0 | -65.2 | 114 | 115 | -0.9 |
| Bankruptcies | 2 | 6 | 12 | -66.7 | -83.3 | 79 | 79 | 0.0 |
| Proposals | 6 | 2 | 11 | 200.0 | -45.5 | 35 | 36 | -2.8 |
| Mining and Oil and Gas Extraction | 3 | 2 | 2 | 50.0 | 50.0 | 40 | 38 | 5.3 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 19 | 21 | -9.5 |
| Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 21 | 17 | 23.5 |
| Utilities | 1 | 3 | 0 | -66.7 | -- | 14 | 10 | 40.0 |
| Bankruptcies | 1 | 2 | 0 | -50.0 | -- | 9 | 5 | 80.0 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 5 | 5 | 0.0 |
| Construction | 49 | 54 | 65 | -9.3 | -24.6 | 737 | 759 | -2.9 |
| Bankruptcies | 35 | 44 | 50 | -20.5 | -30.0 | 550 | 566 | -2.8 |
| Proposals | 14 | 10 | 15 | 40.0 | -6.7 | 187 | 193 | -3.1 |
| Manufacturing | 21 | 33 | 35 | -36.4 | -40.0 | 396 | 423 | -6.4 |
| Bankruptcies | 18 | 23 | 24 | -21.7 | -25.0 | 287 | 296 | -3.0 |
| Proposals | 3 | 10 | 11 | -70.0 | -72.7 | 109 | 127 | -14.2 |
| Wholesale Trade | 17 | 21 | 20 | -19.0 | -15.0 | 236 | 228 | 3.5 |
| Bankruptcies | 13 | 19 | 18 | -31.6 | -27.8 | 157 | 165 | -4.8 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 79 | 63 | 25.4 |
| Retail Trade | 38 | 41 | 35 | -7.3 | 8.6 | 512 | 526 | -2.7 |
| Bankruptcies | 29 | 28 | 33 | 3.6 | -12.1 | 398 | 411 | -3.2 |
| Proposals | 9 | 13 | 2 | -30.8 | 350.0 | 114 | 115 | -0.9 |
| Transportation and Warehousing | 23 | 18 | 16 | 27.8 | 43.8 | 242 | 259 | -6.6 |
| Bankruptcies | 18 | 17 | 13 | 5.9 | 38.5 | 192 | 207 | -7.2 |
| Proposals | 5 | 1 | 3 | 400.0 | 66.7 | 50 | 52 | -3.8 |
| Information and Cultural Industries | 5 | 6 | 0 | -16.7 | -- | 54 | 62 | -12.9 |
| Bankruptcies | 4 | 4 | 0 | 0.0 | -- | 36 | 54 | -33.3 |
| Proposals | 1 | 2 | 0 | -50.0 | -- | 18 | 8 | 125.0 |
| Finance and Insurance | 9 | 7 | 6 | 28.6 | 50.0 | 75 | 75 | 0.0 |
| Bankruptcies | 7 | 6 | 6 | 16.7 | 16.7 | 55 | 64 | -14.1 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 20 | 11 | 81.8 |
| Real Estate and Rental and Leasing | 6 | 9 | 7 | -33.3 | -14.3 | 148 | 130 | 13.8 |
| Bankruptcies | 4 | 7 | 6 | -42.9 | -33.3 | 106 | 100 | 6.0 |
| Proposals | 2 | 2 | 1 | 0.0 | 100.0 | 42 | 30 | 40.0 |
| Professional, Scientific and Technical Services | 18 | 21 | 19 | -14.3 | -5.3 | 294 | 291 | 1.0 |
| Bankruptcies | 17 | 15 | 10 | 13.3 | 70.0 | 223 | 213 | 4.7 |
| Proposals | 1 | 6 | 9 | -83.3 | -88.9 | 71 | 78 | -9.0 |
| Management of Companies and Enterprises | 5 | 6 | 10 | -16.7 | -50.0 | 59 | 73 | -19.2 |
| Bankruptcies | 4 | 5 | 8 | -20.0 | -50.0 | 43 | 53 | -18.9 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 16 | 20 | -20.0 |
| Administrative and Support, Waste Management and Remediation Services | 17 | 17 | 18 | 0.0 | -5.6 | 199 | 206 | -3.4 |
| Bankruptcies | 15 | 14 | 13 | 7.1 | 15.4 | 142 | 156 | -9.0 |
| Proposals | 2 | 3 | 5 | -33.3 | -60.0 | 57 | 50 | 14.0 |
| Educational Services | 5 | 1 | 3 | 400.0 | 66.7 | 48 | 35 | 37.1 |
| Bankruptcies | 3 | 0 | 3 | -- | 0.0 | 42 | 26 | 61.5 |
| Proposals | 2 | 1 | 0 | 100.0 | -- | 6 | 9 | -33.3 |
| Health Care and Social Assistance | 4 | 6 | 2 | -33.3 | 100.0 | 83 | 50 | 66.0 |
| Bankruptcies | 2 | 6 | 2 | -66.7 | 0.0 | 61 | 41 | 48.8 |
| Proposals | 2 | 0 | 0 | -- | -- | 22 | 9 | 144.4 |
| Arts, Entertainment and Recreation | 6 | 4 | 6 | 50.0 | 0.0 | 78 | 89 | -12.4 |
| Bankruptcies | 5 | 4 | 6 | 25.0 | -16.7 | 66 | 73 | -9.6 |
| Proposals | 1 | 0 | 0 | -- | -- | 12 | 16 | -25.0 |
| Accommodation and Food Services | 61 | 51 | 44 | 19.6 | 38.6 | 635 | 642 | -1.1 |
| Bankruptcies | 38 | 36 | 32 | 5.6 | 18.8 | 463 | 447 | 3.6 |
| Proposals | 23 | 15 | 12 | 53.3 | 91.7 | 172 | 195 | -11.8 |
| Other Services (except Public Administration) | 13 | 11 | 23 | 18.2 | -43.5 | 227 | 255 | -11.0 |
| Bankruptcies | 11 | 9 | 20 | 22.2 | -45.0 | 184 | 188 | -2.1 |
| Proposals | 2 | 2 | 3 | 0.0 | -33.3 | 43 | 67 | -35.8 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 309 | 319 | 334 | -3.1 | -7.5 | 4,192 | 4,266 | -1.7 |
| Bankruptcies | 227 | 245 | 256 | -7.3 | -11.3 | 3,113 | 3,165 | -1.6 |
| Proposals | 82 | 74 | 78 | 10.8 | 5.1 | 1,079 | 1,101 | -2.0 |