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Insolvency Statistics in Canada
October 2016
758 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 | |||||
---|---|---|---|---|---|---|---|---|
Oct. 2016 | Sept. 2016 | Oct. 2015 | Sept. 2016 to Oct. 2016 | Oct. 2015 to Oct. 2016 | 10-31-2016 | 10-31-2015 | % Change | |
Newfoundland and Labrador | 172 | 208 | 191 | -17.3 | -9.9 | 2,303 | 1,791 | 28.6 |
Bankruptcies | 103 | 122 | 142 | -15.6 | -27.5 | 1,529 | 1,489 | 2.7 |
Proposals | 69 | 86 | 49 | -19.8 | 40.8 | 774 | 302 | 156.3 |
Prince Edward Island | 74 | 77 | 79 | -3.9 | -6.3 | 833 | 792 | 5.2 |
Bankruptcies | 48 | 49 | 51 | -2.0 | -5.9 | 524 | 499 | 5.0 |
Proposals | 26 | 28 | 28 | -7.1 | -7.1 | 309 | 293 | 5.5 |
Nova Scotia | 505 | 553 | 494 | -8.7 | 2.2 | 5,933 | 5,246 | 13.1 |
Bankruptcies | 362 | 360 | 354 | 0.6 | 2.3 | 4,180 | 3,702 | 12.9 |
Proposals | 143 | 193 | 140 | -25.9 | 2.1 | 1,753 | 1,544 | 13.5 |
New Brunswick | 423 | 384 | 364 | 10.2 | 16.2 | 4,429 | 4,454 | -0.6 |
Bankruptcies | 266 | 244 | 238 | 9.0 | 11.8 | 2,908 | 2,940 | -1.1 |
Proposals | 157 | 140 | 126 | 12.1 | 24.6 | 1,521 | 1,514 | 0.5 |
Quebec | 3,793 | 3,915 | 4,061 | -3.1 | -6.6 | 45,318 | 45,812 | -1.1 |
Bankruptcies | 2,215 | 2,250 | 2,287 | -1.6 | -3.1 | 25,988 | 26,136 | -0.6 |
Proposals | 1,578 | 1,665 | 1,774 | -5.2 | -11.0 | 19,330 | 19,676 | -1.8 |
Ontario | 3,304 | 3,326 | 3,481 | -0.7 | -5.1 | 40,894 | 40,875 | 0.0 |
Bankruptcies | 1,444 | 1,493 | 1,554 | -3.3 | -7.1 | 17,972 | 18,957 | -5.2 |
Proposals | 1,860 | 1,833 | 1,927 | 1.5 | -3.5 | 22,922 | 21,918 | 4.6 |
Manitoba | 260 | 242 | 187 | 7.4 | 39.0 | 2,619 | 2,107 | 24.3 |
Bankruptcies | 135 | 124 | 110 | 8.9 | 22.7 | 1,448 | 1,333 | 8.6 |
Proposals | 125 | 118 | 77 | 5.9 | 62.3 | 1,171 | 774 | 51.3 |
Saskatchewan | 251 | 267 | 201 | -6.0 | 24.9 | 2,962 | 2,202 | 34.5 |
Bankruptcies | 119 | 114 | 108 | 4.4 | 10.2 | 1,500 | 1,157 | 29.6 |
Proposals | 132 | 153 | 93 | -13.7 | 41.9 | 1,462 | 1,045 | 39.9 |
Alberta | 1,105 | 1,142 | 924 | -3.2 | 19.6 | 12,924 | 9,516 | 35.8 |
Bankruptcies | 462 | 468 | 387 | -1.3 | 19.4 | 5,413 | 4,195 | 29.0 |
Proposals | 643 | 674 | 537 | -4.6 | 19.7 | 7,511 | 5,321 | 41.2 |
British Columbia | 807 | 896 | 933 | -9.9 | -13.5 | 11,279 | 11,674 | -3.4 |
Bankruptcies | 346 | 359 | 440 | -3.6 | -21.4 | 5,058 | 5,903 | -14.3 |
Proposals | 461 | 537 | 493 | -14.2 | -6.5 | 6,221 | 5,771 | 7.8 |
Northwest Territories | 5 | 8 | 5 | -37.5 | 0.0 | 66 | 46 | 43.5 |
Bankruptcies | 3 | 5 | 4 | -40.0 | -25.0 | 35 | 25 | 40.0 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 31 | 21 | 47.6 |
Yukon | 4 | 4 | 1 | 0.0 | 300.0 | 54 | 37 | 45.9 |
Bankruptcies | 1 | 3 | 0 | -66.7 | -- | 27 | 17 | 58.8 |
Proposals | 3 | 1 | 1 | 200.0 | 200.0 | 27 | 20 | 35.0 |
Nunavut | 2 | 1 | 1 | 100.0 | 100.0 | 12 | 4 | 200.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 5 | 2 | 150.0 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 7 | 2 | 250.0 |
Canada | 10,705 | 11,023 | 10,922 | -2.9 | -2.0 | 129,626 | 124,556 | 4.1 |
Bankruptcies | 5,504 | 5,592 | 5,675 | -1.6 | -3.0 | 66,587 | 66,355 | 0.3 |
Proposals | 5,201 | 5,431 | 5,247 | -4.2 | -0.9 | 63,039 | 58,201 | 8.3 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Oct. 2016 | Sept. 2016 | Oct. 2015 | Sept. 2016 to Oct. 2016 | Oct. 2015 to Oct. 2016 | 10-31-2016 | 10-31-2015 | % Change | |
Newfoundland and Labrador | 171 | 205 | 190 | -16.6 | -10.0 | 2,278 | 1,766 | 29.0 |
Bankruptcies | 102 | 120 | 141 | -15.0 | -27.7 | 1,511 | 1,468 | 2.9 |
Proposals | 69 | 85 | 49 | -18.8 | 40.8 | 767 | 298 | 157.4 |
Prince Edward Island | 74 | 75 | 77 | -1.3 | -3.9 | 820 | 773 | 6.1 |
Bankruptcies | 48 | 47 | 49 | 2.1 | -2.0 | 516 | 484 | 6.6 |
Proposals | 26 | 28 | 28 | -7.1 | -7.1 | 304 | 289 | 5.2 |
Nova Scotia | 498 | 550 | 490 | -9.5 | 1.6 | 5,856 | 5,152 | 13.7 |
Bankruptcies | 358 | 357 | 351 | 0.3 | 2.0 | 4,113 | 3,636 | 13.1 |
Proposals | 140 | 193 | 139 | -27.5 | 0.7 | 1,743 | 1,516 | 15.0 |
New Brunswick | 418 | 380 | 357 | 10.0 | 17.1 | 4,364 | 4,372 | -0.2 |
Bankruptcies | 262 | 240 | 232 | 9.2 | 12.9 | 2,856 | 2,884 | -1.0 |
Proposals | 156 | 140 | 125 | 11.4 | 24.8 | 1,508 | 1,488 | 1.3 |
Quebec | 3,631 | 3,748 | 3,877 | -3.1 | -6.3 | 43,088 | 43,543 | -1.0 |
Bankruptcies | 2,093 | 2,134 | 2,151 | -1.9 | -2.7 | 24,295 | 24,488 | -0.8 |
Proposals | 1,538 | 1,614 | 1,726 | -4.7 | -10.9 | 18,793 | 19,055 | -1.4 |
Ontario | 3,216 | 3,244 | 3,402 | -0.9 | -5.5 | 39,915 | 39,737 | 0.4 |
Bankruptcies | 1,380 | 1,424 | 1,496 | -3.1 | -7.8 | 17,236 | 18,086 | -4.7 |
Proposals | 1,836 | 1,820 | 1,906 | 0.9 | -3.7 | 22,679 | 21,651 | 4.7 |
Manitoba | 259 | 238 | 183 | 8.8 | 41.5 | 2,573 | 2,066 | 24.5 |
Bankruptcies | 134 | 121 | 107 | 10.7 | 25.2 | 1,414 | 1,304 | 8.4 |
Proposals | 125 | 117 | 76 | 6.8 | 64.5 | 1,159 | 762 | 52.1 |
Saskatchewan | 243 | 261 | 189 | -6.9 | 28.6 | 2,846 | 2,088 | 36.3 |
Bankruptcies | 112 | 109 | 101 | 2.8 | 10.9 | 1,408 | 1,077 | 30.7 |
Proposals | 131 | 152 | 88 | -13.8 | 48.9 | 1,438 | 1,011 | 42.2 |
Alberta | 1,081 | 1,131 | 916 | -4.4 | 18.0 | 12,774 | 9,380 | 36.2 |
Bankruptcies | 440 | 458 | 380 | -3.9 | 15.8 | 5,298 | 4,097 | 29.3 |
Proposals | 641 | 673 | 536 | -4.8 | 19.6 | 7,476 | 5,283 | 41.5 |
British Columbia | 796 | 884 | 905 | -10.0 | -12.0 | 11,067 | 11,460 | -3.4 |
Bankruptcies | 340 | 349 | 423 | -2.6 | -19.6 | 4,907 | 5,749 | -14.6 |
Proposals | 456 | 535 | 482 | -14.8 | -5.4 | 6,160 | 5,711 | 7.9 |
Northwest Territories | 5 | 8 | 5 | -37.5 | 0.0 | 66 | 46 | 43.5 |
Bankruptcies | 3 | 5 | 4 | -40.0 | -25.0 | 35 | 25 | 40.0 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 31 | 21 | 47.6 |
Yukon | 4 | 4 | 1 | 0.0 | 300.0 | 54 | 36 | 50.0 |
Bankruptcies | 1 | 3 | 0 | -66.7 | -- | 27 | 17 | 58.8 |
Proposals | 3 | 1 | 1 | 200.0 | 200.0 | 27 | 19 | 42.1 |
Nunavut | 2 | 1 | 1 | 100.0 | 100.0 | 11 | 4 | 175.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 4 | 2 | 100.0 |
Proposals | 2 | 0 | 1 | -- | 100.0 | 7 | 2 | 250.0 |
Canada | 10,398 | 10,729 | 10,593 | -3.1 | -1.8 | 125,712 | 120,423 | 4.4 |
Bankruptcies | 5,273 | 5,368 | 5,435 | -1.8 | -3.0 | 63,620 | 63,317 | 0.5 |
Proposals | 5,125 | 5,361 | 5,158 | -4.4 | -0.6 | 62,092 | 57,106 | 8.7 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Oct. 2016 | Sept. 2016 | Oct. 2015 | Sept. 2016 to Oct. 2016 | Oct. 2015 to Oct. 2016 | 10-31-2016 | 10-31-2015 | % Change | |
Newfoundland and Labrador | 1 | 3 | 1 | -66.7 | 0.0 | 25 | 25 | 0.0 |
Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 18 | 21 | -14.3 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 7 | 4 | 75.0 |
Prince Edward Island | 0 | 2 | 2 | -100.0 | -100.0 | 13 | 19 | -31.6 |
Bankruptcies | 0 | 2 | 2 | -100.0 | -100.0 | 8 | 15 | -46.7 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Nova Scotia | 7 | 3 | 4 | 133.3 | 75.0 | 77 | 94 | -18.1 |
Bankruptcies | 4 | 3 | 3 | 33.3 | 33.3 | 67 | 66 | 1.5 |
Proposals | 3 | 0 | 1 | -- | 200.0 | 10 | 28 | -64.3 |
New Brunswick | 5 | 4 | 7 | 25.0 | -28.6 | 65 | 82 | -20.7 |
Bankruptcies | 4 | 4 | 6 | 0.0 | -33.3 | 52 | 56 | -7.1 |
Proposals | 1 | 0 | 1 | -- | 0.0 | 13 | 26 | -50.0 |
Quebec | 162 | 167 | 184 | -3.0 | -12.0 | 2,230 | 2,269 | -1.7 |
Bankruptcies | 122 | 116 | 136 | 5.2 | -10.3 | 1,693 | 1,648 | 2.7 |
Proposals | 40 | 51 | 48 | -21.6 | -16.7 | 537 | 621 | -13.5 |
Ontario | 88 | 82 | 79 | 7.3 | 11.4 | 979 | 1,138 | -14.0 |
Bankruptcies | 64 | 69 | 58 | -7.2 | 10.3 | 736 | 871 | -15.5 |
Proposals | 24 | 13 | 21 | 84.6 | 14.3 | 243 | 267 | -9.0 |
Manitoba | 1 | 4 | 4 | -75.0 | -75.0 | 46 | 41 | 12.2 |
Bankruptcies | 1 | 3 | 3 | -66.7 | -66.7 | 34 | 29 | 17.2 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 12 | 12 | 0.0 |
Saskatchewan | 8 | 6 | 12 | 33.3 | -33.3 | 116 | 114 | 1.8 |
Bankruptcies | 7 | 5 | 7 | 40.0 | 0.0 | 92 | 80 | 15.0 |
Proposals | 1 | 1 | 5 | 0.0 | -80.0 | 24 | 34 | -29.4 |
Alberta | 24 | 11 | 8 | 118.2 | 200.0 | 150 | 136 | 10.3 |
Bankruptcies | 22 | 10 | 7 | 120.0 | 214.3 | 115 | 98 | 17.3 |
Proposals | 2 | 1 | 1 | 100.0 | 100.0 | 35 | 38 | -7.9 |
British Columbia | 11 | 12 | 28 | -8.3 | -60.7 | 212 | 214 | -0.9 |
Bankruptcies | 6 | 10 | 17 | -40.0 | -64.7 | 151 | 154 | -1.9 |
Proposals | 5 | 2 | 11 | 150.0 | -54.5 | 61 | 60 | 1.7 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 307 | 294 | 329 | 4.4 | -6.7 | 3,914 | 4,133 | -5.3 |
Bankruptcies | 231 | 224 | 240 | 3.1 | -3.8 | 2,967 | 3,038 | -2.3 |
Proposals | 76 | 70 | 89 | 8.6 | -14.6 | 947 | 1,095 | -13.5 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Oct. 2016 | Sept. 2016 | Oct. 2015 | Sept. 2016 to Oct. 2016 | Oct. 2015 to Oct. 2016 | 10-31-2016 | 10-31-2015 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 12 | 6 | 6 | 100.0 | 100.0 | 75 | 85 | -11.8 |
Bankruptcies | 8 | 3 | 4 | 166.7 | 100.0 | 55 | 41 | 34.1 |
Proposals | 4 | 3 | 2 | 33.3 | 100.0 | 20 | 44 | -54.5 |
Mining and Oil and Gas Extraction | 11 | 3 | 3 | 266.7 | 266.7 | 62 | 37 | 67.6 |
Bankruptcies | 10 | 2 | 1 | 400.0 | 900.0 | 43 | 23 | 87.0 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 19 | 14 | 35.7 |
Utilities | 0 | 1 | 0 | -100.0 | -- | 7 | 13 | -46.2 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 2 | 9 | -77.8 |
Proposals | 0 | 0 | 0 | -- | -- | 5 | 4 | 25.0 |
Construction | 60 | 61 | 67 | -1.6 | -10.4 | 726 | 760 | -4.5 |
Bankruptcies | 44 | 44 | 49 | 0.0 | -10.2 | 541 | 550 | -1.6 |
Proposals | 16 | 17 | 18 | -5.9 | -11.1 | 185 | 210 | -11.9 |
Manufacturing | 27 | 19 | 36 | 42.1 | -25.0 | 318 | 376 | -15.4 |
Bankruptcies | 17 | 16 | 26 | 6.3 | -34.6 | 234 | 265 | -11.7 |
Proposals | 10 | 3 | 10 | 233.3 | 0.0 | 84 | 111 | -24.3 |
Wholesale Trade | 18 | 14 | 14 | 28.6 | 28.6 | 182 | 215 | -15.3 |
Bankruptcies | 15 | 12 | 10 | 25.0 | 50.0 | 145 | 156 | -7.1 |
Proposals | 3 | 2 | 4 | 50.0 | -25.0 | 37 | 59 | -37.3 |
Retail Trade | 21 | 29 | 43 | -27.6 | -51.2 | 471 | 491 | -4.1 |
Bankruptcies | 17 | 22 | 30 | -22.7 | -43.3 | 352 | 375 | -6.1 |
Proposals | 4 | 7 | 13 | -42.9 | -69.2 | 119 | 116 | 2.6 |
Transportation and Warehousing | 19 | 17 | 18 | 11.8 | 5.6 | 216 | 249 | -13.3 |
Bankruptcies | 14 | 13 | 14 | 7.7 | 0.0 | 169 | 154 | 9.7 |
Proposals | 5 | 4 | 4 | 25.0 | 25.0 | 47 | 95 | -50.5 |
Information and Cultural Industries | 4 | 5 | 7 | -20.0 | -42.9 | 66 | 72 | -8.3 |
Bankruptcies | 2 | 5 | 7 | -60.0 | -71.4 | 57 | 53 | 7.5 |
Proposals | 2 | 0 | 0 | -- | -- | 9 | 19 | -52.6 |
Finance and Insurance | 4 | 6 | 4 | -33.3 | 0.0 | 70 | 76 | -7.9 |
Bankruptcies | 4 | 6 | 4 | -33.3 | 0.0 | 57 | 58 | -1.7 |
Proposals | 0 | 0 | 0 | -- | -- | 13 | 18 | -27.8 |
Real Estate and Rental and Leasing | 7 | 15 | 15 | -53.3 | -53.3 | 156 | 133 | 17.3 |
Bankruptcies | 4 | 9 | 12 | -55.6 | -66.7 | 104 | 108 | -3.7 |
Proposals | 3 | 6 | 3 | -50.0 | 0.0 | 52 | 25 | 108.0 |
Professional, Scientific and Technical Services | 19 | 20 | 21 | -5.0 | -9.5 | 284 | 303 | -6.3 |
Bankruptcies | 14 | 16 | 19 | -12.5 | -26.3 | 216 | 237 | -8.9 |
Proposals | 5 | 4 | 2 | 25.0 | 150.0 | 68 | 66 | 3.0 |
Management of Companies and Enterprises | 8 | 9 | 4 | -11.1 | 100.0 | 73 | 59 | 23.7 |
Bankruptcies | 6 | 4 | 2 | 50.0 | 200.0 | 53 | 41 | 29.3 |
Proposals | 2 | 5 | 2 | -60.0 | 0.0 | 20 | 18 | 11.1 |
Administrative and Support, Waste Management and Remediation Services | 17 | 14 | 14 | 21.4 | 21.4 | 192 | 201 | -4.5 |
Bankruptcies | 16 | 11 | 8 | 45.5 | 100.0 | 142 | 145 | -2.1 |
Proposals | 1 | 3 | 6 | -66.7 | -83.3 | 50 | 56 | -10.7 |
Educational Services | 3 | 2 | 2 | 50.0 | 50.0 | 35 | 35 | 0.0 |
Bankruptcies | 3 | 1 | 1 | 200.0 | 200.0 | 23 | 29 | -20.7 |
Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 12 | 6 | 100.0 |
Health Care and Social Assistance | 8 | 6 | 6 | 33.3 | 33.3 | 69 | 87 | -20.7 |
Bankruptcies | 4 | 4 | 5 | 0.0 | -20.0 | 49 | 61 | -19.7 |
Proposals | 4 | 2 | 1 | 100.0 | 300.0 | 20 | 26 | -23.1 |
Arts, Entertainment and Recreation | 9 | 4 | 7 | 125.0 | 28.6 | 81 | 75 | 8.0 |
Bankruptcies | 5 | 3 | 4 | 66.7 | 25.0 | 65 | 50 | 30.0 |
Proposals | 4 | 1 | 3 | 300.0 | 33.3 | 16 | 25 | -36.0 |
Accommodation and Food Services | 47 | 51 | 42 | -7.8 | 11.9 | 657 | 656 | 0.2 |
Bankruptcies | 37 | 41 | 29 | -9.8 | 27.6 | 513 | 520 | -1.3 |
Proposals | 10 | 10 | 13 | 0.0 | -23.1 | 144 | 136 | 5.9 |
Other Services (except Public Administration) | 12 | 12 | 19 | 0.0 | -36.8 | 170 | 206 | -17.5 |
Bankruptcies | 11 | 11 | 14 | 0.0 | -21.4 | 144 | 159 | -9.4 |
Proposals | 1 | 1 | 5 | 0.0 | -80.0 | 26 | 47 | -44.7 |
Public Administration | 1 | 0 | 1 | -- | 0.0 | 4 | 4 | 0.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 3 | 4 | -25.0 |
Proposals | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
Total | 307 | 294 | 329 | 4.4 | -6.7 | 3,914 | 4,133 | -5.3 |
Bankruptcies | 231 | 224 | 240 | 3.1 | -3.8 | 2,967 | 3,038 | -2.3 |
Proposals | 76 | 70 | 89 | 8.6 | -14.6 | 947 | 1,095 | -13.5 |