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Insolvency Statistics in Canada
December 2017
314 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% or more of total liabilities as a result of operating a business.
Consumer: An individual with more than 50% 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 | |||||
|---|---|---|---|---|---|---|---|---|
| December 2017 | November 2017 | December 2016 | Nov. 2017 to Dec. 2017 | Dec. 2016 to Dec. 2017 | 12-31-2017 | 12-31-2016 | % Change | |
| Newfoundland and Labrador | 164 | 239 | 168 | -31.4 | -2.4 | 2,515 | 2,427 | 3.6 |
| Bankruptcies | 94 | 135 | 96 | -30.4 | -2.1 | 1,390 | 1,574 | -11.7 |
| Proposals | 70 | 104 | 72 | -32.7 | -2.8 | 1,125 | 853 | 31.9 |
| Prince Edward Island | 42 | 74 | 44 | -43.2 | -4.5 | 685 | 815 | -16 |
| Bankruptcies | 21 | 41 | 28 | -48.8 | -25.0 | 397 | 507 | -21.7 |
| Proposals | 21 | 33 | 16 | -36.4 | 31.3 | 288 | 308 | -6.5 |
| Nova Scotia | 375 | 457 | 407 | -17.9 | -7.9 | 5,773 | 6,023 | -4.2 |
| Bankruptcies | 261 | 283 | 271 | -7.8 | -3.7 | 3,850 | 4,254 | -9.5 |
| Proposals | 114 | 174 | 136 | -34.5 | -16.2 | 1,923 | 1,769 | 8.7 |
| New Brunswick | 362 | 369 | 344 | -1.9 | 5.2 | 4,418 | 4,501 | -1.8 |
| Bankruptcies | 192 | 195 | 229 | -1.5 | -16.2 | 2,500 | 2,949 | -15.2 |
| Proposals | 170 | 174 | 115 | -2.3 | 47.8 | 1,918 | 1,552 | 23.6 |
| Quebec | 3,063 | 3,946 | 3,158 | -22.4 | -3.0 | 43,731 | 45,206 | -3.3 |
| Bankruptcies | 1,699 | 2,052 | 1,863 | -17.2 | -8.8 | 24,210 | 25,901 | -6.5 |
| Proposals | 1,364 | 1,894 | 1,295 | -28.0 | 5.3 | 19,521 | 19,305 | 1.1 |
| Ontario | 2,687 | 3,444 | 2,802 | -22.0 | -4.1 | 39,045 | 40,551 | -3.7 |
| Bankruptcies | 1,180 | 1,307 | 1,210 | -9.7 | -2.5 | 15,968 | 17,595 | -9.2 |
| Proposals | 1,507 | 2,137 | 1,592 | -29.5 | -5.3 | 23,077 | 22,956 | 0.5 |
| Manitoba | 190 | 233 | 190 | -18.5 | 0.0 | 2,643 | 2,659 | -0.6 |
| Bankruptcies | 117 | 131 | 97 | -10.7 | 20.6 | 1,408 | 1,482 | -5.0 |
| Proposals | 73 | 102 | 93 | -28.4 | -21.5 | 1,235 | 1,177 | 4.9 |
| Saskatchewan | 247 | 265 | 262 | -6.8 | -5.7 | 3,258 | 3,077 | 5.9 |
| Bankruptcies | 124 | 116 | 130 | 6.9 | -4.6 | 1,472 | 1,512 | -2.6 |
| Proposals | 123 | 149 | 132 | -17.4 | -6.8 | 1,786 | 1,565 | 14.1 |
| Alberta | 973 | 1,145 | 991 | -15.0 | -1.8 | 13,481 | 13,338 | 1.1 |
| Bankruptcies | 359 | 418 | 411 | -14.1 | -12.7 | 5,139 | 5,548 | -7.4 |
| Proposals | 614 | 727 | 580 | -15.5 | 5.9 | 8,342 | 7,790 | 7.1 |
| British Columbia | 770 | 898 | 732 | -14.3 | 5.2 | 10,136 | 11,005 | -7.9 |
| Bankruptcies | 299 | 361 | 344 | -17.2 | -13.1 | 4,263 | 4,868 | -12.4 |
| Proposals | 471 | 537 | 388 | -12.3 | 21.4 | 5,873 | 6,137 | -4.3 |
| Northwest Territories | 8 | 13 | 7 | -38.5 | 14.3 | 81 | 60 | 35.0 |
| Bankruptcies | 4 | 9 | 5 | -55.6 | -20.0 | 52 | 35 | 48.6 |
| Proposals | 4 | 4 | 2 | 0.0 | 100.0 | 29 | 25 | 16.0 |
| Yukon | 5 | 5 | 3 | 0.0 | 66.7 | 37 | 55 | -32.7 |
| Bankruptcies | 2 | 0 | 1 | n/a | 100.0 | 18 | 27 | -33.3 |
| Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 19 | 28 | -32.1 |
| Nunavut | 3 | 0 | 0 | n/a | n/a | 4 | 10 | -60.0 |
| Bankruptcies | 2 | 0 | 0 | n/a | n/a | 2 | 4 | -50.0 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
| Canada | 8,889 | 11,088 | 9,108 | -19.8 | -2.4 | 125,807 | 129,727 | -3.0 |
| Bankruptcies | 4,354 | 5,048 | 4,685 | -13.7 | -7.1 | 60,669 | 66,256 | -8.4 |
| Proposals | 4,535 | 6,040 | 4,423 | -24.9 | 2.5 | 65,138 | 63,471 | 2.6 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| December 2017 | November 2017 | December 2016 | Nov. 2017 to Dec. 2017 | Dec. 2016 to Dec. 2017 | 12-31-2017 | 12-31-2016 | % Change | |
| Newfoundland and Labrador | 164 | 232 | 166 | -29.3 | -1.2 | 2,479 | 2,399 | 3.3 |
| Bankruptcies | 94 | 130 | 94 | -27.7 | 0.0 | 1,367 | 1,552 | -11.9 |
| Proposals | 70 | 102 | 72 | -31.4 | -2.8 | 1,112 | 847 | 31.3 |
| Prince Edward Island | 42 | 74 | 43 | -43.2 | -2.3 | 673 | 802 | -16.1 |
| Bankruptcies | 21 | 41 | 28 | -48.8 | -25.0 | 387 | 500 | -22.6 |
| Proposals | 21 | 33 | 15 | -36.4 | 40.0 | 286 | 302 | -5.3 |
| Nova Scotia | 372 | 454 | 401 | -18.1 | -7.2 | 5,724 | 5,948 | -3.8 |
| Bankruptcies | 259 | 280 | 267 | -7.5 | -3.0 | 3,807 | 4,191 | -9.2 |
| Proposals | 113 | 174 | 134 | -35.1 | -15.7 | 1,917 | 1,757 | 9.1 |
| New Brunswick | 351 | 366 | 340 | -4.1 | 3.2 | 4,361 | 4,442 | -1.8 |
| Bankruptcies | 189 | 192 | 226 | -1.6 | -16.4 | 2,457 | 2,904 | -15.4 |
| Proposals | 162 | 174 | 114 | -6.9 | 42.1 | 1,904 | 1,538 | 23.8 |
| Quebec | 2,898 | 3,768 | 2,996 | -23.1 | -3.3 | 41,670 | 43,009 | -3.1 |
| Bankruptcies | 1,567 | 1,928 | 1,729 | -18.7 | -9.4 | 22,647 | 24,241 | -6.6 |
| Proposals | 1,331 | 1,840 | 1,267 | -27.7 | 5.1 | 19,023 | 18,768 | 1.4 |
| Ontario | 2,613 | 3,374 | 2,732 | -22.6 | -4.4 | 38,167 | 39,611 | -3.6 |
| Bankruptcies | 1,133 | 1,261 | 1,153 | -10.2 | -1.7 | 15,336 | 16,904 | -9.3 |
| Proposals | 1,480 | 2,113 | 1,579 | -30.0 | -6.3 | 22,831 | 22,707 | 0.5 |
| Manitoba | 187 | 227 | 181 | -17.6 | 3.3 | 2,604 | 2,607 | -0.1 |
| Bankruptcies | 114 | 127 | 93 | -10.2 | 22.6 | 1,375 | 1,448 | -5.0 |
| Proposals | 73 | 100 | 88 | -27.0 | -17.0 | 1,229 | 1,159 | 6.0 |
| Saskatchewan | 236 | 250 | 251 | -5.6 | -6.0 | 3,122 | 2,960 | 5.5 |
| Bankruptcies | 115 | 103 | 121 | 11.7 | -5.0 | 1,368 | 1,421 | -3.7 |
| Proposals | 121 | 147 | 130 | -17.7 | -6.9 | 1,754 | 1,539 | 14.0 |
| Alberta | 958 | 1,125 | 978 | -14.8 | -2.0 | 13,286 | 13,170 | 0.9 |
| Bankruptcies | 350 | 403 | 401 | -13.2 | -12.7 | 5,008 | 5,427 | -7.7 |
| Proposals | 608 | 722 | 577 | -15.8 | 5.4 | 8,278 | 7,743 | 6.9 |
| British Columbia | 754 | 887 | 707 | -15.0 | 6.6 | 9,991 | 10,806 | -7.5 |
| Bankruptcies | 292 | 352 | 324 | -17.0 | -9.9 | 4,146 | 4,719 | -12.1 |
| Proposals | 462 | 535 | 383 | -13.6 | 20.6 | 5,845 | 6,087 | -4.0 |
| Northwest Territories | 8 | 13 | 7 | -38.5 | 14.3 | 80 | 60 | 33.3 |
| Bankruptcies | 4 | 9 | 5 | -55.6 | -20.0 | 51 | 35 | 45.7 |
| Proposals | 4 | 4 | 2 | 0.0 | 100.0 | 29 | 25 | 16.0 |
| Yukon | 5 | 5 | 3 | 0.0 | 66.7 | 37 | 55 | -32.7 |
| Bankruptcies | 2 | 0 | 1 | n/a | 100.0 | 18 | 27 | -33.3 |
| Proposals | 3 | 5 | 2 | -40.0 | 50.0 | 19 | 28 | -32.1 |
| Nunavut | 3 | 0 | 0 | n/a | n/a | 4 | 9 | -55.6 |
| Bankruptcies | 2 | 0 | 0 | n/a | n/a | 2 | 3 | -33.3 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
| Canada | 8,591 | 10,775 | 8,805 | -20.3 | -2.4 | 122,198 | 125,878 | -2.9 |
| Bankruptcies | 4,142 | 4,826 | 4,442 | -14.2 | -6.8 | 57,969 | 63,372 | -8.5 |
| Proposals | 4,449 | 5,949 | 4,363 | -25.2 | 2.0 | 64,229 | 62,506 | 2.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| December 2017 | November 2017 | December 2016 | Nov. 2017 to Dec. 2017 | Dec. 2016 to Dec. 2017 | 12-31-2017 | 12-31-2016 | % Change | |
| Newfoundland and Labrador | 0 | 7 | 2 | -100.0 | -100.0 | 36 | 28 | 28.6 |
| Bankruptcies | 0 | 5 | 2 | -100.0 | -100.0 | 23 | 22 | 4.5 |
| Proposals | 0 | 2 | 0 | -100.0 | n/a | 13 | 6 | 116.7 |
| Prince Edward Island | 0 | 0 | 1 | n/a | -100.0 | 12 | 13 | -7.7 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 10 | 7 | 42.9 |
| Proposals | 0 | 0 | 1 | n/a | -100.0 | 2 | 6 | -66.7 |
| Nova Scotia | 3 | 3 | 6 | 0.0 | -50.0 | 49 | 75 | -34.7 |
| Bankruptcies | 2 | 3 | 4 | -33.3 | -50.0 | 43 | 63 | -31.7 |
| Proposals | 1 | 0 | 2 | n/a | -50.0 | 6 | 12 | -50.0 |
| New Brunswick | 11 | 3 | 4 | 266.7 | 175.0 | 57 | 59 | -3.4 |
| Bankruptcies | 3 | 3 | 3 | 0.0 | 0.0 | 43 | 45 | -4.4 |
| Proposals | 8 | 0 | 1 | n/a | 700.0 | 14 | 14 | 0.0 |
| Quebec | 165 | 178 | 162 | -7.3 | 1.9 | 2,061 | 2,197 | -6.2 |
| Bankruptcies | 132 | 124 | 134 | 6.5 | -1.5 | 1,563 | 1,660 | -5.8 |
| Proposals | 33 | 54 | 28 | -38.9 | 17.9 | 498 | 537 | -7.3 |
| Ontario | 74 | 70 | 70 | 5.7 | 5.7 | 878 | 940 | -6.6 |
| Bankruptcies | 47 | 46 | 57 | 2.2 | -17.5 | 632 | 691 | -8.5 |
| Proposals | 27 | 24 | 13 | 12.5 | 107.7 | 246 | 249 | -1.2 |
| Manitoba | 3 | 6 | 9 | -50.0 | -67.7 | 39 | 52 | -25.0 |
| Bankruptcies | 3 | 4 | 4 | -25.0 | -25.0 | 33 | 34 | -2.9 |
| Proposals | 0 | 2 | 5 | -100.0 | -100.0 | 6 | 18 | -66.7 |
| Saskatchewan | 11 | 15 | 11 | -26.7 | 0.0 | 136 | 117 | 16.2 |
| Bankruptcies | 9 | 13 | 9 | -30.8 | 0.0 | 104 | 91 | 14.3 |
| Proposals | 2 | 2 | 2 | 0.0 | 0.0 | 32 | 26 | 23.1 |
| Alberta | 15 | 20 | 13 | -25.0 | 15.4 | 195 | 168 | 16.1 |
| Bankruptcies | 9 | 15 | 10 | -40.0 | -10.0 | 131 | 121 | 8.3 |
| Proposals | 6 | 5 | 3 | 20.0 | 100.0 | 64 | 47 | 36.2 |
| British Columbia | 16 | 11 | 25 | 45.5 | -36.0 | 145 | 199 | -27.1 |
| Bankruptcies | 7 | 9 | 20 | -22.2 | -65.0 | 117 | 149 | -21.5 |
| Proposals | 9 | 2 | 5 | 350.0 | 80.0 | 28 | 50 | -44.0 |
| 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 | -100.00 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.00 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
| Canada | 298 | 313 | 303 | -4.8 | -1.7 | 3,609 | 3,849 | -6.2 |
| Bankruptcies | 212 | 222 | 243 | -4.5 | -12.8 | 2,700 | 2,884 | -6.4 |
| Proposals | 86 | 91 | 60 | -5.5 | 43.3 | 909 | 965 | -5.8 |
| sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| December 2017 | November 2017 | December 2016 | Nov. 2017 to Dec. 2017 | Dec. 2016 to Dec. 2017 | 12-31-2017 | 12-31-2016 | % Change | |
| Agriculture, Forestry, Fishing and Hunting | 7 | 9 | 12 | -22.2 | -41.7 | 68 | 88 | -22.7 |
| Bankruptcies | 5 | 3 | 9 | 66.7 | -44.4 | 49 | 62 | -21.0 |
| Proposals | 2 | 6 | 3 | -66.7 | -33.3 | 19 | 26 | -26.9 |
| Mining and Oil and Gas Extraction | 6 | 6 | 15 | 0.0 | -60.0 | 47 | 72 | -34.7 |
| Bankruptcies | 3 | 5 | 13 | -40.0 | -76.9 | 30 | 50 | -40.0 |
| Proposals | 3 | 1 | 2 | 200.0 | 50.0 | 17 | 22 | -22.7 |
| Utilities | 1 | 0 | 3 | n/a | -66.7 | 6 | 9 | -33.3 |
| Bankruptcies | 1 | 0 | 1 | n/a | 0.0 | 6 | 3 | 100.0 |
| Proposals | 0 | 0 | 2 | n/a | -100.0 | 0 | 6 | -100.0 |
| Construction | 59 | 45 | 58 | 31.1 | 1.7 | 660 | 711 | -7.2 |
| Bankruptcies | 44 | 28 | 45 | 57.1 | -2.2 | 479 | 520 | -7.9 |
| Proposals | 15 | 17 | 13 | -11.8 | 15.4 | 181 | 191 | -5.2 |
| Manufacturing | 30 | 36 | 18 | -16.7 | 66.7 | 343 | 299 | 14.7 |
| Bankruptcies | 15 | 20 | 13 | -25.0 | 15.4 | 238 | 216 | 10.2 |
| Proposals | 15 | 16 | 5 | -6.3 | 200.0 | 105 | 83 | 26.5 |
| Wholesale Trade | 16 | 18 | 13 | -11.1 | 23.1 | 172 | 179 | -3.9 |
| Bankruptcies | 12 | 11 | 11 | 9.1 | 9.1 | 122 | 142 | -14.1 |
| Proposals | 4 | 7 | 2 | -42.9 | 100.0 | 50 | 37 | 35.1 |
| Retail Trade | 35 | 29 | 32 | 20.7 | 9.4 | 403 | 454 | -11.2 |
| Bankruptcies | 33 | 26 | 28 | 26.9 | 17.9 | 319 | 331 | -3.6 |
| Proposals | 2 | 3 | 4 | -33.3 | -50.0 | 84 | 123 | -31.7 |
| Transportation and Warehousing | 13 | 16 | 25 | -18.8 | -48.0 | 223 | 225 | -0.9 |
| Bankruptcies | 9 | 12 | 22 | -25.0 | -59.1 | 171 | 177 | -3.4 |
| Proposals | 4 | 4 | 3 | 0.0 | 33.3 | 52 | 48 | 8.3 |
| Information and Cultural Industries | 5 | 4 | 11 | 25.0 | -54.5 | 61 | 71 | -14.1 |
| Bankruptcies | 5 | 4 | 6 | 25.0 | -16.7 | 46 | 56 | -17.9 |
| Proposals | 0 | 0 | 5 | n/a | -100.0 | 15 | 15 | 0.0 |
| Finance and Insurance | 5 | 3 | 3 | 66.7 | 66.7 | 66 | 64 | 3.1 |
| Bankruptcies | 4 | 1 | 3 | 300.0 | 33.3 | 52 | 52 | 0.0 |
| Proposals | 1 | 2 | 0 | -50.0 | n/a | 14 | 12 | 16.7 |
| Real Estate and Rental and Leasing | 7 | 16 | 8 | -56.3 | -12.5 | 136 | 154 | -11.7 |
| Bankruptcies | 5 | 12 | 6 | -58.3 | -16.7 | 98 | 101 | -3.0 |
| Proposals | 2 | 4 | 2 | -50.0 | 0.0 | 38 | 53 | -28.3 |
| Professional, Scientific and Technical Services | 22 | 21 | 25 | 4.8 | -12.0 | 256 | 296 | -13.5 |
| Bankruptcies | 15 | 16 | 23 | -6.3 | -34.8 | 199 | 228 | -12.7 |
| Proposals | 7 | 5 | 2 | 40.0 | 250.0 | 57 | 68 | -16.2 |
| Management of Companies and Enterprises | 7 | 15 | 8 | -53.3 | -12.5 | 82 | 77 | 6.5 |
| Bankruptcies | 5 | 12 | 8 | -58.3 | -37.5 | 64 | 55 | 16.4 |
| Proposals | 2 | 3 | 0 | -33.3 | n/a | 18 | 22 | -18.2 |
| Administrative and Support, Waste Management and Remediation Services | 10 | 13 | 22 | -23.1 | -54.5 | 150 | 191 | -21.5 |
| Bankruptcies | 9 | 7 | 16 | 28.6 | -43.8 | 110 | 143 | -23.1 |
| Proposals | 1 | 6 | 6 | -83.3 | -83.3 | 40 | 48 | -16.7 |
| Educational Services | 2 | 1 | 1 | 100.0 | 100.0 | 37 | 32 | 15.6 |
| Bankruptcies | 1 | 1 | 1 | 0.0 | 0.0 | 31 | 20 | 55.0 |
| Proposals | 1 | 0 | 0 | n/a | n/a | 6 | 12 | -50.0 |
| Health Care and Social Assistance | 10 | 6 | 4 | 66.7 | 150.0 | 81 | 71 | 14.1 |
| Bankruptcies | 6 | 5 | 4 | 20.0 | 50.0 | 62 | 52 | 19.2 |
| Proposals | 4 | 1 | 0 | 300.0 | n/a | 19 | 19 | 0.0 |
| Arts, Entertainment and Recreation | 7 | 9 | 5 | -22.2 | 40.0 | 79 | 80 | -1.3 |
| Bankruptcies | 6 | 8 | 4 | -25.0 | 50.0 | 59 | 64 | -7.8 |
| Proposals | 1 | 1 | 1 | 0.0 | 0.0 | 20 | 16 | 25.0 |
| Accommodation and Food Services | 37 | 49 | 31 | -24.5 | 19.4 | 544 | 610 | -10.8 |
| Bankruptcies | 21 | 36 | 24 | -41.7 | -12.5 | 404 | 473 | -14.6 |
| Proposals | 16 | 13 | 7 | 23.1 | 128.6 | 140 | 137 | 2.2 |
| Other Services (except Public Administration) | 19 | 17 | 9 | 11.8 | 111.1 | 190 | 162 | 17.3 |
| Bankruptcies | 13 | 15 | 6 | -13.3 | 116.7 | 157 | 136 | 15.4 |
| Proposals | 6 | 2 | 3 | 200.0 | 100.0 | 33 | 26 | 26.9 |
| Public Administration | 0 | 0 | 0 | n/a | n/a | 5 | 4 | 25.0 |
| Bankruptcies | 0 | 0 | 0 | n/a | n/a | 4 | 3 | 33.3 |
| Proposals | 0 | 0 | 0 | n/a | n/a | 1 | 1 | 0.0 |
| Total | 298 | 313 | 303 | -4.8 | -1.7 | 3,609 | 3,849 | -6.2 |
| Bankruptcies | 212 | 222 | 243 | -4.5 | -12.8 | 2,700 | 2,884 | -6.4 |
| Proposals | 86 | 91 | 60 | -5.5 | 43.3 | 909 | 965 | -5.8 |