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Insolvency Statistics in Canada
January 2018
336 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 | |||||
---|---|---|---|---|---|---|---|---|
January 2018 | December 2017 | January 2017 | Dec. 2017 to Jan. 2018 | Jan. 2017 to Jan. 2018 | 01-31-2018 | 01-31-2017 | % Change | |
Newfoundland and Labrador | 229 | 164 | 186 | 39.6 | 23.1 | 2,558 | 2,462 | 3.9 |
Bankruptcies | 108 | 94 | 119 | 14.9 | -9.2 | 1,379 | 1,583 | -12.9 |
Proposals | 121 | 70 | 67 | 72.9 | 80.6 | 1,179 | 879 | 34.1 |
Prince Edward Island | 45 | 42 | 42 | 7.1 | 7.1 | 688 | 803 | -14.3 |
Bankruptcies | 25 | 21 | 20 | 19.0 | 25.0 | 402 | 496 | -19.0 |
Proposals | 20 | 21 | 22 | -4.8 | -9.1 | 286 | 307 | -6.8 |
Nova Scotia | 378 | 375 | 415 | 0.8 | -8.9 | 5,736 | 6,096 | -5.9 |
Bankruptcies | 229 | 261 | 280 | -12.3 | -18.2 | 3,799 | 4,284 | -11.3 |
Proposals | 149 | 114 | 135 | 30.7 | 10.4 | 1,937 | 1,812 | 6.9 |
New Brunswick | 279 | 362 | 290 | -22.9 | -3.8 | 4,407 | 4,513 | -2.3 |
Bankruptcies | 132 | 192 | 142 | -31.3 | -7.0 | 2,490 | 2,913 | -14.5 |
Proposals | 147 | 170 | 148 | -13.5 | -0.7 | 1,917 | 1,600 | 19.8 |
Quebec | 3,444 | 3,063 | 3,191 | 12.4 | 7.9 | 43,984 | 45,072 | -2.4 |
Bankruptcies | 1,705 | 1,699 | 1,762 | 0.4 | -3.2 | 24,153 | 25,831 | -6.5 |
Proposals | 1,739 | 1,364 | 1,429 | 27.5 | 21.7 | 19,831 | 19,241 | 3.1 |
Ontario | 2,829 | 2,687 | 2,933 | 5.3 | -3.5 | 38,941 | 40,667 | -4.2 |
Bankruptcies | 1,045 | 1,180 | 1,105 | -11.4 | -5.4 | 15,908 | 17,571 | -9.5 |
Proposals | 1,784 | 1,507 | 1,828 | 18.4 | -2.4 | 23,033 | 23,096 | -0.3 |
Manitoba | 179 | 190 | 170 | -5.8 | 5.3 | 2,652 | 2,640 | 0.5 |
Bankruptcies | 76 | 117 | 86 | -35.0 | -11.6 | 1,398 | 1,467 | -4.7 |
Proposals | 103 | 73 | 84 | 41.1 | 22.6 | 1,254 | 1,173 | 6.9 |
Saskatchewan | 268 | 247 | 242 | 8.5 | 10.7 | 3,284 | 3,119 | 5.3 |
Bankruptcies | 96 | 124 | 123 | -22.6 | -22.0 | 1,445 | 1,535 | -5.9 |
Proposals | 172 | 123 | 119 | 39.8 | 44.5 | 1,839 | 1,584 | 16.1 |
Alberta | 1,089 | 973 | 1,007 | 11.9 | 8.1 | 13,563 | 13,441 | 0.9 |
Bankruptcies | 388 | 359 | 399 | 8.1 | -2.8 | 5,128 | 5,552 | -7.6 |
Proposals | 701 | 614 | 608 | 14.2 | 15.3 | 8,435 | 7,889 | 6.9 |
British Columbia | 823 | 770 | 790 | 6.9 | 4.2 | 10,169 | 10,990 | -7.5 |
Bankruptcies | 366 | 299 | 351 | 22.4 | 4.3 | 4,278 | 4,827 | -11.4 |
Proposals | 457 | 471 | 439 | -3.0 | 4.1 | 5,891 | 6,163 | -4.4 |
Northwest Territories | 7 | 8 | 6 | -12.5 | 16.7 | 82 | 65 | 26.2 |
Bankruptcies | 1 | 4 | 1 | -75.0 | 0.0 | 52 | 35 | 48.6 |
Proposals | 6 | 4 | 5 | 50.0 | 20.0 | 30 | 30 | 0.0 |
Yukon | 3 | 5 | 1 | -40.0 | 200.0 | 39 | 51 | -23.5 |
Bankruptcies | 1 | 2 | 0 | -50.0 | n/a | 19 | 26 | -26.9 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 20 | 25 | -20.0 |
Nunavut | 0 | 3 | 0 | -100.0 | n/a | 4 | 8 | -50.0 |
Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 2 | 2 | 0.0 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 2 | 6 | -66.7 |
Canada | 9,573 | 8,889 | 9,273 | 7.7 | 3.2 | 126,107 | 129,927 | -2.9 |
Bankruptcies | 4,172 | 4,354 | 4,388 | -4.2 | -4.9 | 60,453 | 66,122 | -8.6 |
Proposals | 5,401 | 4,535 | 4,885 | 19.1 | 10.6 | 65,654 | 63,805 | 2.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
January 2018 | December 2017 | January 2017 | Dec. 2017 to Jan. 2018 | Jan. 2017 to Jan. 2018 | 01-31-2018 | 01-31-2017 | % Change | |
Newfoundland and Labrador | 228 | 164 | 185 | 39.0 | 23.2 | 2,522 | 2,434 | 3.6 |
Bankruptcies | 107 | 94 | 119 | 13.8 | -10.1 | 1,355 | 1,562 | -13.3 |
Proposals | 121 | 70 | 66 | 72.9 | 83.3 | 1,167 | 872 | 33.8 |
Prince Edward Island | 44 | 42 | 41 | 4.8 | 7.3 | 676 | 789 | -14.3 |
Bankruptcies | 24 | 21 | 19 | 14.3 | 26.3 | 392 | 488 | -19.7 |
Proposals | 20 | 21 | 22 | -4.8 | -9.1 | 284 | 301 | -5.6 |
Nova Scotia | 373 | 372 | 412 | 0.3 | -9.5 | 5,685 | 6,024 | -5.6 |
Bankruptcies | 224 | 259 | 277 | -13.5 | -19.1 | 3,754 | 4,224 | -11.1 |
Proposals | 149 | 113 | 135 | 31.9 | 10.4 | 1,931 | 1,800 | 7.3 |
New Brunswick | 277 | 351 | 288 | -21.1 | -3.8 | 4,350 | 4,455 | -2.4 |
Bankruptcies | 130 | 189 | 140 | -31.2 | -7.1 | 2,447 | 2,867 | -14.6 |
Proposals | 147 | 162 | 148 | -9.3 | -0.7 | 1,903 | 1,588 | 19.8 |
Quebec | 3,283 | 2,898 | 3,060 | 13.3 | 7.3 | 41,893 | 42,911 | -2.4 |
Bankruptcies | 1,592 | 1,567 | 1,663 | 1.6 | -4.3 | 22,576 | 24,203 | -6.7 |
Proposals | 1,691 | 1,331 | 1,397 | 27.0 | 21.0 | 19,317 | 18,708 | 3.3 |
Ontario | 2,760 | 2,613 | 2,878 | 5.6 | -4.1 | 38,049 | 39,725 | -4.2 |
Bankruptcies | 992 | 1,133 | 1,065 | -12.4 | -6.9 | 15,263 | 16,882 | -9.6 |
Proposals | 1,768 | 1,480 | 1,813 | 19.5 | -2.5 | 22,786 | 22,843 | -0.2 |
Manitoba | 174 | 187 | 167 | -7.0 | 4.2 | 2,611 | 2,591 | 0.8 |
Bankruptcies | 71 | 114 | 83 | -37.7 | -14.5 | 1,363 | 1,434 | -5.0 |
Proposals | 103 | 73 | 84 | 41.1 | 22.6 | 1,248 | 1,157 | 7.9 |
Saskatchewan | 262 | 236 | 235 | 11.0 | 11.5 | 3,149 | 3,006 | 4.8 |
Bankruptcies | 94 | 115 | 117 | -18.3 | -19.7 | 1,345 | 1,447 | -7.0 |
Proposals | 168 | 121 | 118 | 38.8 | 42.4 | 1,804 | 1,559 | 15.7 |
Alberta | 1,081 | 958 | 997 | 12.8 | 8.4 | 13,370 | 13,272 | 0.7 |
Bankruptcies | 383 | 350 | 391 | 9.4 | -2.0 | 5,000 | 5,428 | -7.9 |
Proposals | 698 | 608 | 606 | 14.8 | 15.2 | 8,370 | 7,844 | 6.7 |
British Columbia | 816 | 754 | 773 | 8.2 | 5.6 | 10,034 | 10,797 | -7.1 |
Bankruptcies | 362 | 292 | 336 | 24.0 | 7.7 | 4,172 | 4,681 | -10.9 |
Proposals | 454 | 462 | 437 | -1.7 | 3.9 | 5,862 | 6,116 | -4.2 |
Northwest Territories | 7 | 8 | 6 | -12.5 | 16.7 | 81 | 65 | 24.6 |
Bankruptcies | 1 | 4 | 1 | -75.0 | 0.0 | 51 | 35 | 45.7 |
Proposals | 6 | 4 | 5 | 50.0 | 20.0 | 30 | 30 | 0.0 |
Yukon | 3 | 5 | 1 | -40.0 | 200.0 | 39 | 51 | -23.5 |
Bankruptcies | 1 | 2 | 0 | -50.0 | n/a | 19 | 26 | -26.9 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 20 | 25 | -20.0 |
Nunavut | 0 | 3 | 0 | -100.0 | n/a | 4 | 7 | -42.9 |
Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 2 | 1 | 100.0 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 2 | 6 | -66.7 |
Canada | 9,308 | 8,591 | 9,043 | 8.3 | 2.9 | 122,463 | 126,127 | -2.9 |
Bankruptcies | 3,981 | 4,142 | 4,211 | -3.9 | -5.5 | 57,739 | 63,278 | -8.8 |
Proposals | 5,327 | 4,449 | 4,832 | 19.7 | 10.2 | 64,724 | 62,849 | 3.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
January 2018 | December 2017 | January 2017 | Dec. 2017 to Jan. 2018 | Jan. 2017 to Jan. 2018 | 01-31-2018 | 01-31-2017 | % Change | |
Newfoundland and Labrador | 1 | 0 | 1 | n/a | 0.0 | 36 | 28 | 28.6 |
Bankruptcies | 1 | 0 | 0 | n/a | n/a | 24 | 21 | 14.3 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 12 | 7 | 71.4 |
Prince Edward Island | 1 | 0 | 1 | n/a | 0.0 | 12 | 14 | -14.3 |
Bankruptcies | 1 | 0 | 1 | n/a | 0.0 | 10 | 8 | 25.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Nova Scotia | 5 | 3 | 3 | 66.7 | 66.7 | 51 | 72 | -29.2 |
Bankruptcies | 5 | 2 | 3 | 150.0 | 66.7 | 45 | 60 | -25.0 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 6 | 12 | -50.0 |
New Brunswick | 2 | 11 | 2 | -81.8 | 0.0 | 57 | 58 | -1.7 |
Bankruptcies | 2 | 3 | 2 | -33.3 | 0.0 | 43 | 46 | -6.5 |
Proposals | 0 | 8 | 0 | -100.0 | n/a | 14 | 12 | 16.7 |
Quebec | 161 | 165 | 131 | -2.4 | 22.9 | 2,091 | 2,161 | -3.2 |
Bankruptcies | 113 | 132 | 99 | -14.4 | 14.1 | 1,577 | 1,628 | -3.1 |
Proposals | 48 | 33 | 32 | 45.5 | 50.0 | 514 | 533 | -3.6 |
Ontario | 69 | 74 | 55 | -6.8 | 25.5 | 892 | 942 | -5.3 |
Bankruptcies | 53 | 47 | 40 | 12.8 | 32.5 | 645 | 689 | -6.4 |
Proposals | 16 | 27 | 15 | -40.7 | 6.7 | 247 | 253 | -2.4 |
Manitoba | 5 | 3 | 3 | 66.7 | 66.7 | 41 | 49 | -16.3 |
Bankruptcies | 5 | 3 | 3 | 66.7 | 66.7 | 35 | 33 | 6.1 |
Proposals | 0 | 0 | 0 | n/a | n/a | 6 | 16 | -62.5 |
Saskatchewan | 6 | 11 | 7 | -45.5 | -14.3 | 135 | 113 | 19.5 |
Bankruptcies | 2 | 9 | 6 | -77.8 | -66.7 | 100 | 88 | 13.6 |
Proposals | 4 | 2 | 1 | 100.0 | 300.0 | 35 | 25 | 40.0 |
Alberta | 8 | 15 | 10 | -46.7 | -20.0 | 193 | 169 | 14.2 |
Bankruptcies | 5 | 9 | 8 | -44.4 | -37.5 | 128 | 124 | 3.2 |
Proposals | 3 | 6 | 2 | -50.0 | 50.0 | 65 | 45 | 44.4 |
British Columbia | 7 | 16 | 17 | -56.3 | -58.8 | 135 | 193 | -30.1 |
Bankruptcies | 4 | 7 | 15 | -42.9 | -73.3 | 106 | 146 | -27.4 |
Proposals | 3 | 9 | 2 | -66.7 | 50.0 | 29 | 47 | -38.3 |
Northwest Territories | 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 | 265 | 298 | 230 | -11.1 | 15.2 | 3,644 | 3,800 | -4.1 |
Bankruptcies | 191 | 212 | 177 | -9.9 | 7.9 | 2,714 | 2,844 | -4.6 |
Proposals | 74 | 86 | 53 | -14.0 | 39.6 | 930 | 956 | -2.7 |
sector | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
January 2018 | December 2017 | January 2017 | Dec. 2017 to Jan. 2018 | Jan. 2017 to Jan. 2018 | 01-31-2018 | 01-31-2017 | % Change | |
Agriculture, Forestry, Fishing and Hunting | 6 | 7 | 7 | -14.3 | -14.3 | 67 | 90 | -25.6 |
Bankruptcies | 5 | 5 | 4 | 0.0 | 25.0 | 50 | 63 | -20.6 |
Proposals | 1 | 2 | 3 | -50.0 | -66.7 | 17 | 27 | -37.0 |
Mining and Oil and Gas Extraction | 2 | 6 | 1 | -66.7 | 100.0 | 48 | 70 | -31.4 |
Bankruptcies | 0 | 3 | 0 | -100.0 | n/a | 30 | 47 | -36.2 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 18 | 23 | -21.7 |
Utilities | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 10 | -50.0 |
Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 4 | 25.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 6 | -100.0 |
Construction | 63 | 59 | 44 | 6.8 | 43.2 | 679 | 704 | -3.6 |
Bankruptcies | 42 | 44 | 34 | -4.5 | 23.5 | 487 | 514 | -5.3 |
Proposals | 21 | 15 | 10 | 40.0 | 110.0 | 192 | 190 | 1.1 |
Manufacturing | 18 | 30 | 19 | -40.0 | -5.3 | 342 | 289 | 18.3 |
Bankruptcies | 10 | 15 | 14 | -33.3 | -28.6 | 234 | 208 | 12.5 |
Proposals | 8 | 15 | 5 | -46.7 | 60.0 | 108 | 81 | 33.3 |
Wholesale Trade | 10 | 16 | 10 | -37.5 | 0.0 | 172 | 180 | -4.4 |
Bankruptcies | 8 | 12 | 9 | -33.3 | -11.1 | 121 | 144 | -16.0 |
Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 51 | 36 | 41.7 |
Retail Trade | 39 | 35 | 27 | 11.4 | 44.4 | 415 | 440 | -5.7 |
Bankruptcies | 28 | 33 | 18 | -15.2 | 55.6 | 329 | 319 | 3.1 |
Proposals | 11 | 2 | 9 | 450.0 | 22.2 | 86 | 121 | -28.9 |
Transportation and Warehousing | 16 | 13 | 16 | 23.1 | 0.0 | 223 | 229 | -2.6 |
Bankruptcies | 15 | 9 | 13 | 66.7 | 15.4 | 173 | 179 | -3.4 |
Proposals | 1 | 4 | 3 | -75.0 | -66.7 | 50 | 50 | 0.0 |
Information and Cultural Industries | 7 | 5 | 6 | 40.0 | 16.7 | 62 | 73 | -15.1 |
Bankruptcies | 7 | 5 | 5 | 40.0 | 40.0 | 48 | 58 | -17.2 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 14 | 15 | -6.7 |
Finance and Insurance | 4 | 5 | 3 | -20.0 | 33.3 | 67 | 61 | 9.8 |
Bankruptcies | 3 | 4 | 3 | -25.0 | 0.0 | 52 | 50 | 4.0 |
Proposals | 1 | 1 | 0 | 0.0 | n/a | 15 | 11 | 36.4 |
Real Estate and Rental and Leasing | 5 | 7 | 7 | -28.6 | -28.6 | 134 | 152 | -11.8 |
Bankruptcies | 5 | 5 | 4 | 0.0 | 25.0 | 99 | 97 | 2.1 |
Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 35 | 55 | -36.4 |
Professional, Scientific and Technical Services | 18 | 22 | 16 | -18.2 | 12.5 | 258 | 293 | -11.9 |
Bankruptcies | 13 | 15 | 13 | -13.3 | 0.0 | 199 | 224 | -11.2 |
Proposals | 5 | 7 | 3 | -28.6 | 66.7 | 59 | 69 | -14.5 |
Management of Companies and Enterprises | 6 | 7 | 4 | -14.3 | 50.0 | 84 | 73 | 15.1 |
Bankruptcies | 5 | 5 | 4 | 0.0 | 25.0 | 65 | 52 | 25.0 |
Proposals | 1 | 2 | 0 | -50.0 | n/a | 19 | 21 | -9.5 |
Administrative and Support, Waste Management and Remediation Services | 7 | 10 | 13 | -30.0 | -46.2 | 144 | 189 | -23.8 |
Bankruptcies | 4 | 9 | 10 | -55.6 | -60.0 | 104 | 142 | -26.8 |
Proposals | 3 | 1 | 3 | 200.0 | 0.0 | 40 | 47 | -14.9 |
Educational Services | 2 | 2 | 0 | 0.0 | n/a | 39 | 32 | 21.9 |
Bankruptcies | 2 | 1 | 0 | 100.0 | n/a | 33 | 20 | 65.0 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 6 | 12 | -50.0 |
Health Care and Social Assistance | 2 | 10 | 4 | -80.0 | -50.0 | 79 | 68 | 16.2 |
Bankruptcies | 1 | 6 | 3 | -83.3 | -66.7 | 60 | 51 | 17.6 |
Proposals | 1 | 4 | 1 | -75.0 | 0.0 | 19 | 17 | 11.8 |
Arts, Entertainment and Recreation | 12 | 7 | 4 | 71.4 | 200.0 | 87 | 78 | 11.5 |
Bankruptcies | 8 | 6 | 3 | 33.3 | 166.7 | 64 | 61 | 4.9 |
Proposals | 4 | 1 | 1 | 300.0 | 300.0 | 23 | 17 | 35.3 |
Accommodation and Food Services | 37 | 37 | 37 | 0.0 | 0.0 | 544 | 598 | -9.0 |
Bankruptcies | 27 | 21 | 31 | 28.6 | -12.9 | 400 | 468 | -14.5 |
Proposals | 10 | 16 | 6 | -37.5 | 66.7 | 144 | 130 | 10.8 |
Other Services (except Public Administration) | 10 | 19 | 11 | -47.4 | -9.1 | 189 | 168 | 12.5 |
Bankruptcies | 7 | 13 | 8 | -46.2 | -12.5 | 156 | 141 | 10.6 |
Proposals | 3 | 6 | 3 | -50.0 | 0.0 | 33 | 27 | 22.2 |
Public Administration | 1 | 0 | 0 | n/a | n/a | 6 | 3 | 100.0 |
Bankruptcies | 1 | 0 | 0 | n/a | n/a | 5 | 2 | 150.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 1 | 1 | 0.0 |
Total | 265 | 298 | 230 | -11.1 | 15.2 | 3,644 | 3,800 | -4.1 |
Bankruptcies | 191 | 212 | 177 | -9.9 | 7.9 | 2,714 | 2,844 | -4.6 |
Proposals | 74 | 86 | 53 | -14.0 | 39.6 | 930 | 956 | -2.7 |