Insolvency Statistics in Canada—Third Quarter of 2017

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
• Table 5: Insolvencies Filed by Consumers by Economic Region (ER)
• Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
• Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
• Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)

Glossary

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.

Census Metropolitan Area (CMA):

Each area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.

Consumer:

An individual with more than 50 percent of total liabilities related to consumer goods and services.

Economic Region (ER):

Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).

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.