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Insolvency Statistics in Canada
February 2016
349 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 | |||||
|---|---|---|---|---|---|---|---|---|
| February 2016 | January 2016 | February 2015 | Jan. 2016 to Feb. 2016 | Feb. 2015 to Feb. 2016 | 02-29-2016 | 02-28-2015 | % Change | |
| Newfoundland and Labrador | 188 | 151 | 147 | 24.5 | 27.9 | 1,933 | 1,592 | 21.4 |
| Bankruptcies | 126 | 110 | 123 | 14.5 | 2.4 | 1,540 | 1,373 | 12.2 |
| Proposals | 62 | 41 | 24 | 51.2 | 158.3 | 393 | 219 | 79.5 |
| Prince Edward Island | 72 | 54 | 62 | 33.3 | 16.1 | 843 | 732 | 15.2 |
| Bankruptcies | 47 | 31 | 42 | 51.6 | 11.9 | 534 | 513 | 4.1 |
| Proposals | 25 | 23 | 20 | 8.7 | 25.0 | 309 | 219 | 41.1 |
| Nova Scotia | 433 | 342 | 398 | 26.6 | 8.8 | 5,334 | 5,334 | 0.0 |
| Bankruptcies | 304 | 250 | 255 | 21.6 | 19.2 | 3,765 | 3,799 | -0.9 |
| Proposals | 129 | 92 | 143 | 40.2 | -9.8 | 1,569 | 1,535 | 2.2 |
| New Brunswick | 339 | 278 | 313 | 21.9 | 8.3 | 4,454 | 4,326 | 3.0 |
| Bankruptcies | 212 | 178 | 206 | 19.1 | 2.9 | 2,890 | 3,011 | -4.0 |
| Proposals | 127 | 100 | 107 | 27.0 | 18.7 | 1,564 | 1,315 | 18.9 |
| Quebec | 3,965 | 3,325 | 3,884 | 19.2 | 2.1 | 45,790 | 44,212 | 3.6 |
| Bankruptcies | 2,228 | 1,832 | 2,070 | 21.6 | 7.6 | 26,292 | 25,843 | 1.7 |
| Proposals | 1,737 | 1,493 | 1,814 | 16.3 | -4.2 | 19,498 | 18,369 | 6.1 |
| Ontario | 3,462 | 2,817 | 3,227 | 22.9 | 7.3 | 41,240 | 41,775 | -1.3 |
| Bankruptcies | 1,437 | 1,129 | 1,467 | 27.3 | -2.0 | 18,668 | 19,828 | -5.9 |
| Proposals | 2,025 | 1,688 | 1,760 | 20.0 | 15.1 | 22,572 | 21,947 | 2.8 |
| Manitoba | 200 | 189 | 161 | 5.8 | 24.2 | 2,217 | 2,004 | 10.6 |
| Bankruptcies | 102 | 101 | 85 | 1.0 | 20.0 | 1,318 | 1,263 | 4.4 |
| Proposals | 98 | 88 | 76 | 11.4 | 28.9 | 899 | 741 | 21.3 |
| Saskatchewan | 214 | 200 | 171 | 7.0 | 25.1 | 2,417 | 2,056 | 17.6 |
| Bankruptcies | 102 | 100 | 82 | 2.0 | 24.4 | 1,289 | 1,146 | 12.5 |
| Proposals | 112 | 100 | 89 | 12.0 | 25.8 | 1,128 | 910 | 24.0 |
| Alberta | 1,099 | 904 | 744 | 21.6 | 47.7 | 10,551 | 8,495 | 24.2 |
| Bankruptcies | 491 | 395 | 336 | 24.3 | 46.1 | 4,638 | 3,931 | 18.0 |
| Proposals | 608 | 509 | 408 | 19.4 | 49.0 | 5,913 | 4,564 | 29.6 |
| British Columbia | 1,049 | 805 | 964 | 30.3 | 8.8 | 11,782 | 11,733 | 0.4 |
| Bankruptcies | 469 | 392 | 524 | 19.6 | -10.5 | 5,653 | 6,550 | -13.7 |
| Proposals | 580 | 413 | 440 | 40.4 | 31.8 | 6,129 | 5,183 | 18.3 |
| Northwest Territories | 3 | 1 | 2 | 200.0 | 50.0 | 53 | 48 | 10.4 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 29 | 25 | 16.0 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 24 | 23 | 4.3 |
| Yukon | 5 | 5 | 4 | 0.0 | 25.0 | 38 | 39 | -2.6 |
| Bankruptcies | 3 | 1 | 4 | 200.0 | -25.0 | 17 | 21 | -19.0 |
| Proposals | 2 | 4 | 0 | -50.0 | -- | 21 | 18 | 16.7 |
| Nunavut | 3 | 2 | 0 | 50.0 | -- | 9 | 5 | 80.0 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 4 | 3 | 33.3 |
| Proposals | 3 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
| Canada | 11,032 | 9,073 | 10,077 | 21.6 | 9.5 | 126,661 | 122,351 | 3.5 |
| Bankruptcies | 5,522 | 4,522 | 5,195 | 22.1 | 6.3 | 66,637 | 67,306 | -1.0 |
| Proposals | 5,510 | 4,551 | 4,882 | 21.1 | 12.9 | 60,024 | 55,045 | 9.0 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2016 | January 2016 | February 2015 | Jan. 2016 to Feb. 2016 | Feb. 2015 to Feb. 2016 | 02-29-2016 | 02-28-2015 | % Change | |
| Newfoundland and Labrador | 186 | 150 | 144 | 24.0 | 29.2 | 1,907 | 1,563 | 22.0 |
| Bankruptcies | 125 | 109 | 121 | 14.7 | 3.3 | 1,520 | 1,347 | 12.8 |
| Proposals | 61 | 41 | 23 | 48.8 | 165.2 | 387 | 216 | 79.2 |
| Prince Edward Island | 72 | 54 | 61 | 33.3 | 18.0 | 829 | 712 | 16.4 |
| Bankruptcies | 47 | 31 | 41 | 51.6 | 14.6 | 523 | 499 | 4.8 |
| Proposals | 25 | 23 | 20 | 8.7 | 25.0 | 306 | 213 | 43.7 |
| Nova Scotia | 430 | 336 | 392 | 28.0 | 9.7 | 5,246 | 5,254 | -0.2 |
| Bankruptcies | 301 | 244 | 253 | 23.4 | 19.0 | 3,694 | 3,746 | -1.4 |
| Proposals | 129 | 92 | 139 | 40.2 | -7.2 | 1,552 | 1,508 | 2.9 |
| New Brunswick | 333 | 275 | 306 | 21.1 | 8.8 | 4,379 | 4,236 | 3.4 |
| Bankruptcies | 207 | 177 | 203 | 16.9 | 2.0 | 2,831 | 2,945 | -3.9 |
| Proposals | 126 | 98 | 103 | 28.6 | 22.3 | 1,548 | 1,291 | 19.9 |
| Quebec | 3,728 | 3,158 | 3,687 | 18.0 | 1.1 | 43,531 | 41,863 | 4.0 |
| Bankruptcies | 2,046 | 1,701 | 1,926 | 20.3 | 6.2 | 24,569 | 24,155 | 1.7 |
| Proposals | 1,682 | 1,457 | 1,761 | 15.4 | -4.5 | 18,962 | 17,708 | 7.1 |
| Ontario | 3,378 | 2,764 | 3,110 | 22.2 | 8.6 | 40,160 | 40,670 | -1.3 |
| Bankruptcies | 1,379 | 1,087 | 1,380 | 26.9 | -0.1 | 17,835 | 18,970 | -6.0 |
| Proposals | 1,999 | 1,677 | 1,730 | 19.2 | 15.5 | 22,325 | 21,700 | 2.9 |
| Manitoba | 199 | 183 | 160 | 8.7 | 24.4 | 2,174 | 1,954 | 11.3 |
| Bankruptcies | 102 | 97 | 85 | 5.2 | 20.0 | 1,288 | 1,224 | 5.2 |
| Proposals | 97 | 86 | 75 | 12.8 | 29.3 | 886 | 730 | 21.4 |
| Saskatchewan | 207 | 189 | 163 | 9.5 | 27.0 | 2,296 | 1,943 | 18.2 |
| Bankruptcies | 97 | 91 | 78 | 6.6 | 24.4 | 1,200 | 1,074 | 11.7 |
| Proposals | 110 | 98 | 85 | 12.2 | 29.4 | 1,096 | 869 | 26.1 |
| Alberta | 1,086 | 895 | 737 | 21.3 | 47.4 | 10,414 | 8,359 | 24.6 |
| Bankruptcies | 483 | 390 | 332 | 23.8 | 45.5 | 4,543 | 3,831 | 18.6 |
| Proposals | 603 | 505 | 405 | 19.4 | 48.9 | 5,871 | 4,528 | 29.7 |
| British Columbia | 1,027 | 782 | 948 | 31.3 | 8.3 | 11,547 | 11,484 | 0.5 |
| Bankruptcies | 458 | 374 | 514 | 22.5 | -10.9 | 5,491 | 6,359 | -13.6 |
| Proposals | 569 | 408 | 434 | 39.5 | 31.1 | 6,056 | 5,125 | 18.2 |
| Northwest Territories | 3 | 1 | 2 | 200.0 | 50.0 | 53 | 48 | 10.4 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 29 | 25 | 16.0 |
| Proposals | 2 | 0 | 1 | -- | 100.0 | 24 | 23 | 4.3 |
| Yukon | 5 | 5 | 4 | 0.0 | 25.0 | 38 | 38 | 0.0 |
| Bankruptcies | 3 | 1 | 4 | 200.0 | -25.0 | 17 | 21 | -19.0 |
| Proposals | 2 | 4 | 0 | -50.0 | -- | 21 | 17 | 23.5 |
| Nunavut | 3 | 2 | 0 | 50.0 | -- | 9 | 4 | 125.0 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | -- | 4 | 2 | 100.0 |
| Proposals | 3 | 0 | 0 | -- | -- | 5 | 2 | 150.0 |
| Canada | 10,657 | 8,794 | 9,714 | 21.2 | 9.7 | 122,583 | 118,128 | 3.8 |
| Bankruptcies | 5,249 | 4,305 | 4,938 | 21.9 | 6.3 | 63,544 | 64,198 | -1.0 |
| Proposals | 5,408 | 4,489 | 4,776 | 20.5 | 13.2 | 59,039 | 53,930 | 9.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2016 | January 2016 | February 2015 | Jan. 2016 to Feb. 2016 | Feb. 2015 to Feb. 2016 | 02-29-2016 | 02-28-2015 | % Change | |
| Newfoundland and Labrador | 2 | 1 | 3 | 100.0 | -33.3 | 26 | 29 | -10.3 |
| Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 20 | 26 | -23.1 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 6 | 3 | 100.0 |
| Prince Edward Island | 0 | 0 | 1 | -- | -100.0 | 14 | 20 | -30.0 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 11 | 14 | -21.4 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 6 | -50.0 |
| Nova Scotia | 3 | 6 | 6 | -50.0 | -50.0 | 88 | 80 | 10.0 |
| Bankruptcies | 3 | 6 | 2 | -50.0 | 50.0 | 71 | 53 | 34.0 |
| Proposals | 0 | 0 | 4 | -- | -100.0 | 17 | 27 | -37.0 |
| New Brunswick | 6 | 3 | 7 | 100.0 | -14.3 | 75 | 90 | -16.7 |
| Bankruptcies | 5 | 1 | 3 | 400.0 | 66.7 | 59 | 66 | -10.6 |
| Proposals | 1 | 2 | 4 | -50.0 | -75.0 | 16 | 24 | -33.3 |
| Quebec | 237 | 167 | 197 | 41.9 | 20.3 | 2,259 | 2,349 | -3.8 |
| Bankruptcies | 182 | 131 | 144 | 38.9 | 26.4 | 1,723 | 1,688 | 2.1 |
| Proposals | 55 | 36 | 53 | 52.8 | 3.8 | 536 | 661 | -18.9 |
| Ontario | 84 | 53 | 117 | 58.5 | -28.2 | 1,080 | 1,105 | -2.3 |
| Bankruptcies | 58 | 42 | 87 | 38.1 | -33.3 | 833 | 858 | -2.9 |
| Proposals | 26 | 11 | 30 | 136.4 | -13.3 | 247 | 247 | 0.0 |
| Manitoba | 1 | 6 | 1 | -83.3 | 0.0 | 43 | 50 | -14.0 |
| Bankruptcies | 0 | 4 | 0 | -100.0 | -- | 30 | 39 | -23.1 |
| Proposals | 1 | 2 | 1 | -50.0 | 0.0 | 13 | 11 | 18.2 |
| Saskatchewan | 7 | 11 | 8 | -36.4 | -12.5 | 121 | 113 | 7.1 |
| Bankruptcies | 5 | 9 | 4 | -44.4 | 25.0 | 89 | 72 | 23.6 |
| Proposals | 2 | 2 | 4 | 0.0 | -50.0 | 32 | 41 | -22.0 |
| Alberta | 13 | 9 | 7 | 44.4 | 85.7 | 137 | 136 | 0.7 |
| Bankruptcies | 8 | 5 | 4 | 60.0 | 100.0 | 95 | 100 | -5.0 |
| Proposals | 5 | 4 | 3 | 25.0 | 66.7 | 42 | 36 | 16.7 |
| British Columbia | 22 | 23 | 16 | -4.3 | 37.5 | 235 | 249 | -5.6 |
| Bankruptcies | 11 | 18 | 10 | -38.9 | 10.0 | 162 | 191 | -15.2 |
| Proposals | 11 | 5 | 6 | 120.0 | 83.3 | 73 | 58 | 25.9 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Nunavut | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 375 | 279 | 363 | 34.4 | 3.3 | 4,078 | 4,223 | -3.4 |
| Bankruptcies | 273 | 217 | 257 | 25.8 | 6.2 | 3,093 | 3,108 | -0.5 |
| Proposals | 102 | 62 | 106 | 64.5 | -3.8 | 985 | 1,115 | -11.7 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| February 2016 | January 2016 | February 2015 | Jan. 2016 to Feb. 2016 | Feb. 2015 to Feb. 2016 | 02-29-2016 | 02-28-2015 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 12 | 5 | 8 | 140.0 | 50.0 | 86 | 89 | -3.4 |
| Bankruptcies | 11 | 3 | 1 | 266.7 | 1,000.0 | 49 | 56 | -12.5 |
| Proposals | 1 | 2 | 7 | -50.0 | -85.7 | 37 | 33 | 12.1 |
| Mining and Oil and Gas Extraction | 5 | 3 | 4 | 66.7 | 25.0 | 45 | 41 | 9.8 |
| Bankruptcies | 3 | 3 | 1 | 0.0 | 200.0 | 35 | 17 | 105.9 |
| Proposals | 2 | 0 | 3 | -- | -33.3 | 10 | 24 | -58.3 |
| Utilities | 2 | 0 | 1 | -- | 100.0 | 14 | 13 | 7.7 |
| Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 9 | 9 | 0.0 |
| Proposals | 2 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
| Construction | 60 | 51 | 70 | 17.6 | -14.3 | 764 | 707 | 8.1 |
| Bankruptcies | 48 | 40 | 45 | 20.0 | 6.7 | 577 | 518 | 11.4 |
| Proposals | 12 | 11 | 25 | 9.1 | -52.0 | 187 | 189 | -1.1 |
| Manufacturing | 31 | 29 | 44 | 6.9 | -29.5 | 380 | 380 | 0.0 |
| Bankruptcies | 24 | 22 | 28 | 9.1 | -14.3 | 276 | 268 | 3.0 |
| Proposals | 7 | 7 | 16 | 0.0 | -56.3 | 104 | 112 | -7.1 |
| Wholesale Trade | 14 | 9 | 17 | 55.6 | -17.6 | 190 | 232 | -18.1 |
| Bankruptcies | 7 | 7 | 10 | 0.0 | -30.0 | 145 | 154 | -5.8 |
| Proposals | 7 | 2 | 7 | 250.0 | 0.0 | 45 | 78 | -42.3 |
| Retail Trade | 59 | 41 | 50 | 43.9 | 18.0 | 507 | 508 | -0.2 |
| Bankruptcies | 40 | 30 | 39 | 33.3 | 2.6 | 387 | 375 | 3.2 |
| Proposals | 19 | 11 | 11 | 72.7 | 72.7 | 120 | 133 | -9.8 |
| Transportation and Warehousing | 17 | 12 | 16 | 41.7 | 6.3 | 211 | 272 | -22.4 |
| Bankruptcies | 13 | 11 | 11 | 18.2 | 18.2 | 157 | 186 | -15.6 |
| Proposals | 4 | 1 | 5 | 300.0 | -20.0 | 54 | 86 | -37.2 |
| Information and Cultural Industries | 10 | 4 | 10 | 150.0 | 0.0 | 74 | 74 | 0.0 |
| Bankruptcies | 9 | 3 | 8 | 200.0 | 12.5 | 58 | 51 | 13.7 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 16 | 23 | -30.4 |
| Finance and Insurance | 4 | 6 | 6 | -33.3 | -33.3 | 66 | 87 | -24.1 |
| Bankruptcies | 3 | 5 | 5 | -40.0 | -40.0 | 51 | 67 | -23.9 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 15 | 20 | -25.0 |
| Real Estate and Rental and Leasing | 13 | 9 | 10 | 44.4 | 30.0 | 146 | 133 | 9.8 |
| Bankruptcies | 6 | 8 | 5 | -25.0 | 20.0 | 117 | 98 | 19.4 |
| Proposals | 7 | 1 | 5 | 600.0 | 40.0 | 29 | 35 | -17.1 |
| Professional, Scientific and Technical Services | 19 | 19 | 20 | 0.0 | -5.0 | 279 | 310 | -10.0 |
| Bankruptcies | 13 | 17 | 17 | -23.5 | -23.5 | 217 | 247 | -12.1 |
| Proposals | 6 | 2 | 3 | 200.0 | 100.0 | 62 | 63 | -1.6 |
| Management of Companies and Enterprises | 6 | 8 | 2 | -25.0 | 200.0 | 65 | 58 | 12.1 |
| Bankruptcies | 6 | 7 | 1 | -14.3 | 500.0 | 49 | 44 | 11.4 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 16 | 14 | 14.3 |
| Administrative and Support, Waste Management and Remediation Services | 18 | 15 | 9 | 20.0 | 100.0 | 203 | 223 | -9.0 |
| Bankruptcies | 12 | 11 | 8 | 9.1 | 50.0 | 153 | 159 | -3.8 |
| Proposals | 6 | 4 | 1 | 50.0 | 500.0 | 50 | 64 | -21.9 |
| Educational Services | 5 | 0 | 6 | -- | -16.7 | 33 | 54 | -38.9 |
| Bankruptcies | 4 | 0 | 6 | -- | -33.3 | 25 | 46 | -45.7 |
| Proposals | 1 | 0 | 0 | -- | -- | 8 | 8 | 0.0 |
| Health Care and Social Assistance | 4 | 7 | 3 | -42.9 | 33.3 | 79 | 94 | -16.0 |
| Bankruptcies | 1 | 4 | 2 | -75.0 | -50.0 | 55 | 72 | -23.6 |
| Proposals | 3 | 3 | 1 | 0.0 | 200.0 | 24 | 22 | 9.1 |
| Arts, Entertainment and Recreation | 9 | 6 | 8 | 50.0 | 12.5 | 75 | 81 | -7.4 |
| Bankruptcies | 9 | 6 | 7 | 50.0 | 28.6 | 57 | 66 | -13.6 |
| Proposals | 0 | 0 | 1 | -- | -100.0 | 18 | 15 | 20.0 |
| Accommodation and Food Services | 69 | 49 | 56 | 40.8 | 23.2 | 669 | 655 | 2.1 |
| Bankruptcies | 47 | 36 | 48 | 30.6 | -2.1 | 518 | 506 | 2.4 |
| Proposals | 22 | 13 | 8 | 69.2 | 175.0 | 151 | 149 | 1.3 |
| Other Services (except Public Administration) | 17 | 5 | 23 | 240.0 | -26.1 | 186 | 211 | -11.8 |
| Bankruptcies | 16 | 3 | 14 | 433.3 | 14.3 | 152 | 168 | -9.5 |
| Proposals | 1 | 2 | 9 | -50.0 | -88.9 | 34 | 43 | -20.9 |
| Public Administration | 1 | 1 | 0 | 0.0 | -- | 6 | 1 | 500.0 |
| Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 6 | 1 | 500.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 375 | 279 | 363 | 34.4 | 3.3 | 4,078 | 4,223 | -3.4 |
| Bankruptcies | 273 | 217 | 257 | 25.8 | 6.2 | 3,093 | 3,108 | -0.5 |
| Proposals | 102 | 62 | 106 | 64.5 | -3.8 | 985 | 1,115 | -11.7 |