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Insolvency Statistics in Canada
July 2017
319 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
- 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.
- 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.
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- NAICS:
- North American Industry Classification System.
- 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.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2017 | June 2017 | July 2016 | June 2017 to July 2017 | July 2016 to July 2017 | 07-31-2017 | 07-31-2016 | % Change | |
| Newfoundland and Labrador | 174 | 217 | 180 | -19.8 | -3.3 | 2,430 | 2,213 | 9.8 |
| Bankruptcies | 92 | 126 | 130 | -27.0 | -29.2 | 1,430 | 1,575 | -9.2 |
| Proposals | 82 | 91 | 50 | -9.9 | 64.0 | 1,000 | 638 | 56.7 |
| Prince Edward Island | 52 | 60 | 64 | -13.3 | -18.8 | 740 | 807 | -8.3 |
| Bankruptcies | 29 | 42 | 35 | -31.0 | -17.1 | 460 | 499 | -7.8 |
| Proposals | 23 | 18 | 29 | 27.8 | -20.7 | 280 | 308 | -9.1 |
| Nova Scotia | 508 | 483 | 507 | 5.2 | 0.2 | 6,004 | 5,691 | 5.5 |
| Bankruptcies | 344 | 348 | 367 | -1.1 | -6.3 | 4,105 | 4,041 | 1.6 |
| Proposals | 164 | 135 | 140 | 21.5 | 17.1 | 1,899 | 1,650 | 15.1 |
| New Brunswick | 337 | 381 | 317 | -11.5 | 6.3 | 4,484 | 4,372 | 2.6 |
| Bankruptcies | 197 | 223 | 216 | -11.7 | -8.8 | 2,723 | 2,900 | -6.1 |
| Proposals | 140 | 158 | 101 | -11.4 | 38.6 | 1,761 | 1,472 | 19.6 |
| Quebec | 3,205 | 3,724 | 3,265 | -13.9 | -1.8 | 44,036 | 45,359 | -2.9 |
| Bankruptcies | 1,809 | 2,057 | 1,863 | -12.1 | -2.9 | 24,887 | 26,063 | -4.5 |
| Proposals | 1,396 | 1,667 | 1,402 | -16.3 | -0.4 | 19,149 | 19,296 | -0.8 |
| Ontario | 2,974 | 3,368 | 3,091 | -11.7 | -3.8 | 39,405 | 40,900 | -3.7 |
| Bankruptcies | 1,183 | 1,402 | 1,307 | -15.6 | -9.5 | 16,544 | 18,160 | -8.9 |
| Proposals | 1,791 | 1,966 | 1,784 | -8.9 | 0.4 | 22,861 | 22,740 | 0.5 |
| Manitoba | 228 | 241 | 185 | -5.4 | 23.2 | 2,638 | 2,433 | 8.4 |
| Bankruptcies | 122 | 119 | 110 | 2.5 | 10.9 | 1,404 | 1,371 | 2.4 |
| Proposals | 106 | 122 | 75 | -13.1 | 41.3 | 1,234 | 1,062 | 16.2 |
| Saskatchewan | 245 | 267 | 240 | -8.2 | 2.1 | 3,191 | 2,757 | 15.7 |
| Bankruptcies | 97 | 130 | 119 | -25.4 | -18.5 | 1,482 | 1,439 | 3.0 |
| Proposals | 148 | 137 | 121 | 8.0 | 22.3 | 1,709 | 1,318 | 29.7 |
| Alberta | 1,011 | 1,175 | 1,037 | -14.0 | -2.5 | 13,335 | 12,180 | 9.5 |
| Bankruptcies | 333 | 447 | 388 | -25.5 | -14.2 | 5,291 | 5,148 | 2.8 |
| Proposals | 678 | 728 | 649 | -6.9 | 4.5 | 8,044 | 7,032 | 14.4 |
| British Columbia | 784 | 928 | 870 | -15.5 | -9.9 | 10,246 | 11,618 | -11.8 |
| Bankruptcies | 318 | 396 | 414 | -19.7 | -23.2 | 4,429 | 5,370 | -17.5 |
| Proposals | 466 | 532 | 456 | -12.4 | 2.2 | 5,817 | 6,248 | -6.9 |
| Northwest Territories | 3 | 2 | 3 | 50.0 | 0.0 | 63 | 57 | 10.5 |
| Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 35 | 33 | 6.1 |
| Proposals | 0 | 0 | 1 | n/a | -100.0 | 28 | 24 | 16.7 |
| Yukon | 4 | 2 | 3 | 100.0 | 33.3 | 39 | 50 | -22.0 |
| Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 18 | 28 | -35.7 |
| Proposals | 3 | 0 | 0 | n/a | n/a | 21 | 22 | -4.5 |
| Nunavut | 0 | 0 | 0 | n/a | n/a | 3 | 10 | -70.0 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 4 | -75.0 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
| Canada | 9,525 | 10,848 | 9,762 | -12.2 | -2.4 | 126,614 | 128,447 | -1.4 |
| Bankruptcies | 4,528 | 5,294 | 4,954 | -14.5 | -8.6 | 62,809 | 66,631 | -5.7 |
| Proposals | 4,997 | 5,554 | 4,808 | -10.0 | 3.9 | 63,805 | 61,816 | 3.2 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2017 | June 2017 | July 2016 | June 2017 to July 2017 | July 2016 to July 2017 | 07-31-2017 | 07-31-2016 | % Change | |
| Newfoundland and Labrador | 169 | 214 | 179 | -21.0 | -5.6 | 2,391 | 2,185 | 9.4 |
| Bankruptcies | 88 | 123 | 129 | -28.5 | -31.8 | 1,401 | 1,555 | -9.9 |
| Proposals | 81 | 91 | 50 | -11.0 | 62.0 | 990 | 630 | 57.1 |
| Prince Edward Island | 52 | 58 | 63 | -10.3 | -17.5 | 727 | 793 | -8.3 |
| Bankruptcies | 29 | 40 | 34 | -27.5 | -14.7 | 450 | 490 | -8.2 |
| Proposals | 23 | 18 | 29 | 27.8 | -20.7 | 277 | 303 | -8.6 |
| Nova Scotia | 501 | 477 | 499 | 5.0 | 0.4 | 5,946 | 5,613 | 5.9 |
| Bankruptcies | 338 | 342 | 360 | -1.2 | -6.1 | 4,055 | 3,973 | 2.1 |
| Proposals | 163 | 135 | 139 | 20.7 | 17.3 | 1,891 | 1,640 | 15.3 |
| New Brunswick | 333 | 374 | 310 | -11.0 | 7.4 | 4,429 | 4,298 | 3.0 |
| Bankruptcies | 193 | 217 | 212 | -11.1 | -9.0 | 2,675 | 2,843 | -5.9 |
| Proposals | 140 | 157 | 98 | -10.8 | 42.9 | 1,754 | 1,455 | 20.5 |
| Quebec | 3,074 | 3,542 | 3,128 | -13.2 | -1.7 | 41,949 | 43,136 | -2.8 |
| Bankruptcies | 1,710 | 1,916 | 1,755 | -10.8 | -2.6 | 23,310 | 24,365 | -4.3 |
| Proposals | 1,364 | 1,626 | 1,373 | -16.1 | -0.7 | 18,639 | 18,771 | -0.7 |
| Ontario | 2,893 | 3,315 | 3,023 | -12.7 | -4.3 | 38,516 | 39,907 | -3.5 |
| Bankruptcies | 1,120 | 1,364 | 1,258 | -17.9 | -11.0 | 15,885 | 17,413 | -8.8 |
| Proposals | 1,773 | 1,951 | 1,765 | -9.1 | 0.5 | 22,631 | 22,494 | 0.6 |
| Manitoba | 228 | 238 | 182 | -4.2 | 25.3 | 2,595 | 2,382 | 8.9 |
| Bankruptcies | 122 | 117 | 107 | 4.3 | 14.0 | 1,370 | 1,334 | 2.7 |
| Proposals | 106 | 121 | 75 | -12.4 | 41.3 | 1,225 | 1,048 | 16.9 |
| Saskatchewan | 239 | 257 | 230 | -7.0 | 3.9 | 3,071 | 2,620 | 17.2 |
| Bankruptcies | 92 | 123 | 112 | -25.2 | -17.9 | 1,391 | 1,338 | 4.0 |
| Proposals | 147 | 134 | 118 | 9.7 | 24.6 | 1,680 | 1,282 | 31.0 |
| Alberta | 1,004 | 1,157 | 1,026 | -13.2 | -2.1 | 13,146 | 12,045 | 9.1 |
| Bankruptcies | 328 | 435 | 381 | -24.6 | -13.9 | 5,154 | 5,055 | 2.0 |
| Proposals | 676 | 722 | 645 | -6.4 | 4.8 | 7,992 | 6,990 | 14.3 |
| British Columbia | 772 | 918 | 857 | -15.9 | -9.9 | 10,072 | 11,382 | -11.5 |
| Bankruptcies | 307 | 387 | 404 | -20.7 | -24.0 | 4,289 | 5,198 | -17.5 |
| Proposals | 465 | 531 | 453 | -12.4 | 2.6 | 5,783 | 6,184 | -6.5 |
| Northwest Territories | 3 | 2 | 3 | 50.0 | 0.0 | 62 | 57 | 8.8 |
| Bankruptcies | 3 | 2 | 2 | 50.0 | 50.0 | 34 | 33 | 3.0 |
| Proposals | 0 | 0 | 1 | n/a | -100.0 | 28 | 24 | 16.7 |
| Yukon | 4 | 2 | 3 | 100.0 | 33.3 | 39 | 50 | -22.0 |
| Bankruptcies | 1 | 2 | 3 | -50.0 | -66.7 | 18 | 28 | -35.7 |
| Proposals | 3 | 0 | 0 | n/a | n/a | 21 | 22 | -4.5 |
| Nunavut | 0 | 0 | 0 | n/a | n/a | 3 | 9 | -66.7 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 3 | -66.7 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
| Canada | 9,272 | 10,554 | 9,503 | -12.1 | -2.4 | 122,946 | 124,477 | -1.2 |
| Bankruptcies | 4,331 | 5,068 | 4,757 | -14.5 | -9.0 | 60,033 | 63,628 | -5.7 |
| Proposals | 4,941 | 5,486 | 4,746 | -9.9 | 4.1 | 62,913 | 60,849 | 3.4 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2017 | June 2017 | July 2016 | June 2017 to July 2017 | July 2016 to July 2017 | 07-31-2017 | 07-31-2016 | % Change | |
| Newfoundland and Labrador | 5 | 3 | 1 | 66.7 | 400.0 | 39 | 28 | 39.3 |
| Bankruptcies | 4 | 3 | 1 | 33.3 | 300.0 | 29 | 20 | 45.0 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 10 | 8 | 25.0 |
| Prince Edward Island | 0 | 2 | 1 | -100.0 | -100.0 | 13 | 14 | -7.1 |
| Bankruptcies | 0 | 2 | 1 | -100.0 | -100.0 | 10 | 9 | 11.1 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 3 | 5 | -40.0 |
| Nova Scotia | 7 | 6 | 8 | 16.7 | -12.5 | 58 | 78 | -25.6 |
| Bankruptcies | 6 | 6 | 7 | 0.0 | -14.3 | 50 | 68 | -26.5 |
| Proposals | 1 | 0 | 1 | n/a | 0.0 | 8 | 10 | -20.0 |
| New Brunswick | 4 | 7 | 7 | -42.9 | -42.9 | 55 | 74 | -25.7 |
| Bankruptcies | 4 | 6 | 4 | -33.3 | 0.0 | 48 | 57 | -15.8 |
| Proposals | 0 | 1 | 3 | -100.0 | -100.0 | 7 | 17 | -58.8 |
| Quebec | 131 | 182 | 137 | -28.0 | -4.4 | 2,087 | 2,223 | -6.1 |
| Bankruptcies | 99 | 141 | 108 | -29.8 | -8.3 | 1,577 | 1,698 | -7.1 |
| Proposals | 32 | 41 | 29 | -22.0 | 10.3 | 510 | 525 | -2.9 |
| Ontario | 81 | 53 | 68 | 52.8 | 19.1 | 889 | 993 | -10.5 |
| Bankruptcies | 63 | 38 | 49 | 65.8 | 28.6 | 659 | 747 | -11.8 |
| Proposals | 18 | 15 | 19 | 20.0 | -5.3 | 230 | 246 | -6.5 |
| Manitoba | 0 | 3 | 3 | -100.0 | -100.0 | 43 | 51 | -15.7 |
| Bankruptcies | 0 | 2 | 3 | -100.0 | -100.0 | 34 | 37 | -8.1 |
| Proposals | 0 | 1 | 0 | -100.0 | n/a | 9 | 14 | -35.7 |
| Saskatchewan | 6 | 10 | 10 | -40.0 | -40.0 | 120 | 137 | -12.4 |
| Bankruptcies | 5 | 7 | 7 | -28.6 | -28.6 | 91 | 101 | -9.9 |
| Proposals | 1 | 3 | 3 | -66.7 | -66.7 | 29 | 36 | -19.4 |
| Alberta | 7 | 18 | 11 | -61.1 | -36.4 | 189 | 135 | 40.0 |
| Bankruptcies | 5 | 12 | 7 | -58.3 | -28.6 | 137 | 93 | 47.3 |
| Proposals | 2 | 6 | 4 | -66.7 | -50.0 | 52 | 42 | 23.8 |
| British Columbia | 12 | 10 | 13 | 20.0 | -7.7 | 174 | 236 | -26.3 |
| Bankruptcies | 11 | 9 | 10 | 22.2 | 10.0 | 140 | 172 | -18.6 |
| Proposals | 1 | 1 | 3 | 0.0 | -66.7 | 34 | 64 | -46.9 |
| Northwest Territoires | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
| Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
| Yukon | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
| Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
| Nunavut | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
| Canada | 253 | 294 | 259 | -13.9 | -2.3 | 3,668 | 3,970 | -7.6 |
| Bankruptcies | 197 | 226 | 197 | -12.8 | 0.0 | 2,776 | 3,003 | -7.6 |
| Proposals | 56 | 68 | 62 | -17.6 | -9.7 | 892 | 967 | -7.8 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| July 2017 | June 2017 | July 2016 | June 2017 to July 2017 | July 2016 to July 2017 | 07-31-2017 | 07-31-2016 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 2 | 2 | 5 | 0.0 | -60.0 | 79 | 76 | 3.9 |
| Bankruptcies | 2 | 2 | 3 | 0.0 | -33.3 | 58 | 53 | 9.4 |
| Proposals | 0 | 0 | 2 | n/a | -100.0 | 21 | 23 | -8.7 |
| Mining and Oil and Gas Extraction | 4 | 2 | 7 | 100.0 | -42.9 | 67 | 51 | 31.4 |
| Bankruptcies | 1 | 2 | 4 | -50.0 | -75.0 | 45 | 37 | 21.6 |
| Proposals | 3 | 0 | 3 | n/a | 0.0 | 22 | 14 | 57.1 |
| Utilities | 1 | 0 | 0 | n/a | n/a | 9 | 8 | 12.5 |
| Bankruptcies | 1 | 0 | 0 | n/a | n/a | 7 | 3 | 133.3 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 5 | -60.0 |
| Construction | 35 | 59 | 59 | -40.7 | -40.7 | 662 | 740 | -10.5 |
| Bankruptcies | 26 | 47 | 42 | -44.7 | -38.1 | 482 | 555 | -13.2 |
| Proposals | 9 | 12 | 17 | -25.0 | -47.1 | 180 | 185 | -2.7 |
| Manufacturing | 21 | 30 | 19 | -30.0 | 10.5 | 315 | 344 | -8.4 |
| Bankruptcies | 15 | 23 | 12 | -34.8 | 25.0 | 227 | 257 | -11.7 |
| Proposals | 6 | 7 | 7 | -14.3 | -14.3 | 88 | 87 | 1.1 |
| Wholesale Trade | 11 | 17 | 16 | -35.3 | -31.3 | 176 | 176 | 0.0 |
| Bankruptcies | 9 | 14 | 13 | -35.7 | -30.8 | 134 | 135 | -0.7 |
| Proposals | 2 | 3 | 3 | -33.3 | -33.3 | 42 | 41 | 2.4 |
| Retail Trade | 25 | 30 | 27 | -16.7 | -7.4 | 397 | 516 | -23.1 |
| Bankruptcies | 24 | 23 | 22 | 4.3 | 9.1 | 298 | 386 | -22.8 |
| Proposals | 1 | 7 | 5 | -85.7 | -80.0 | 99 | 130 | -23.8 |
| Transportation and Warehousing | 18 | 16 | 14 | 12.5 | 28.6 | 242 | 213 | 13.6 |
| Bankruptcies | 14 | 14 | 12 | 0.0 | 16.7 | 186 | 164 | 13.4 |
| Proposals | 4 | 2 | 2 | 100.0 | 100.0 | 56 | 49 | 14.3 |
| Information and Cultural Industries | 4 | 5 | 5 | -20.0 | -20.0 | 69 | 69 | 0.0 |
| Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 49 | 60 | -18.3 |
| Proposals | 0 | 2 | 0 | -100.0 | n/a | 20 | 9 | 122.2 |
| Finance and Insurance | 9 | 5 | 3 | 80.0 | 200.0 | 66 | 66 | 0.0 |
| Bankruptcies | 4 | 5 | 3 | -20.0 | 33.3 | 58 | 51 | 13.7 |
| Proposals | 5 | 0 | 0 | n/a | n/a | 8 | 15 | -46.7 |
| Real Estate and Rental and Leasing | 14 | 14 | 9 | 0.0 | 55.6 | 148 | 156 | -5.1 |
| Bankruptcies | 11 | 10 | 8 | 10.0 | 37.5 | 106 | 108 | -1.9 |
| Proposals | 3 | 4 | 1 | -25.0 | 200.0 | 42 | 48 | -12.5 |
| Professional, Scientific and Technical Services | 19 | 23 | 20 | -17.4 | -5.0 | 266 | 298 | -10.7 |
| Bankruptcies | 19 | 17 | 13 | 11.8 | 46.2 | 211 | 224 | -5.8 |
| Proposals | 0 | 6 | 7 | -100.0 | -100.0 | 55 | 74 | -25.7 |
| Management of Companies and Enterprises | 5 | 10 | 1 | -50.0 | 400.0 | 84 | 60 | 40.0 |
| Bankruptcies | 4 | 7 | 1 | -42.9 | 300.0 | 59 | 48 | 22.9 |
| Proposals | 1 | 3 | 0 | -66.7 | n/a | 25 | 12 | 108.3 |
| Administrative and Support, Waste Management and Remediation Services | 10 | 8 | 13 | 25.0 | -23.1 | 182 | 184 | -1.1 |
| Bankruptcies | 7 | 6 | 9 | 16.7 | -22.2 | 142 | 131 | 8.4 |
| Proposals | 3 | 2 | 4 | 50.0 | -25.0 | 40 | 53 | -24.5 |
| Educational Services | 1 | 2 | 0 | -50.0 | n/a | 40 | 34 | 17.6 |
| Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 32 | 22 | 45.5 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 8 | 12 | -33.3 |
| Health Care and Social Assistance | 7 | 9 | 5 | -22.2 | 40.0 | 80 | 72 | 11.1 |
| Bankruptcies | 7 | 6 | 3 | 16.7 | 133.3 | 63 | 55 | 14.5 |
| Proposals | 0 | 3 | 2 | -100.0 | -100.0 | 17 | 17 | 0.0 |
| Arts, Entertainment and Recreation | 5 | 5 | 2 | 0.0 | 150.0 | 71 | 76 | -6.6 |
| Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 50 | 61 | -18.0 |
| Proposals | 3 | 2 | 0 | 50.0 | n/a | 21 | 15 | 40.0 |
| Accommodation and Food Services | 46 | 44 | 42 | 4.5 | 9.5 | 543 | 643 | -15.6 |
| Bankruptcies | 33 | 30 | 34 | 10.0 | -2.9 | 426 | 497 | -14.3 |
| Proposals | 13 | 14 | 8 | -7.1 | 62.5 | 117 | 146 | -19.9 |
| Other Services (except Public Administration) | 16 | 13 | 12 | 23.1 | 33.3 | 167 | 183 | -8.7 |
| Bankruptcies | 14 | 12 | 11 | 16.7 | 27.3 | 139 | 151 | -7.9 |
| Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 28 | 32 | -12.5 |
| Public Administration | 0 | 0 | 0 | n/a | n/a | 5 | 5 | 0.0 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 4 | 5 | -20.0 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
| Total | 253 | 294 | 259 | -13.9 | -2.3 | 3,668 | 3,970 | -7.6 |
| Bankruptcies | 197 | 226 | 197 | -12.8 | 0.0 | 2,776 | 3,003 | -7.6 |
| Proposals | 56 | 68 | 62 | -17.6 | -9.7 | 892 | 967 | -7.8 |