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Business insolvencies in Canada 2021, by NAICS category

Published by Statista Research Department, Feb 10, 2022
In 2021, the industry of accommodation and food services registered the highest number of bankruptcies of any industry in Canada, with 296 businesses becoming bankrupt during the calendar year. In addition, a further 71 accommodation and food services' 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 2021, by NAICS category

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Release date

January 2022

Region

Canada

Survey time period

2021

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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North America

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Europe

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