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Business insolvencies in Canada by NAICS category 2019

Published by Erin Duffin, May 13, 2020
In 2019, the construction industry registered the highest number of bankruptcies of any industry in Canada, with 499 businesses becoming bankrupt during the calendar year. In addition, a further 185 construction businesses made a formal proposal under the Bankruptcy and Insolvency Act to settle their debts under different terms.

Number of business insolvencies in Canada in 2019, by NAICS category

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Release date

February 2020

Region

Canada

Survey time period

2019

Supplementary notes

Bankruptcies: any business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
Proposals: an offer to creditors to settle debts under conditions other than the existing terms, constituting a formal agreement under the Bankruptcy and Insolvency Act.

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