In 2019, Canadian businesses who filed for insolvency had combined outstanding liabilities of 7.54 billion Canadian dollars at the time of filing. Meanwhile, their combined underlying assets amounted to 671.78 million Canadian dollars - just over six percent of the total outstanding liabilities.
Business insolvencies in Canada from 2012 to 2019, by assets and liabilities at the time of filing
(in million Canadian dollars)
Values include both businesses that made an assignment in bankruptcy or against whom a bankruptcy order has been made, and businesses who made formal proposals to settle debts under conditions other than the existing terms under the under the Bankruptcy and Insolvency Act.
Values prior to 2019 taken from previous annual reports.
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Innovation, Science and Economic Development Canada. (May 25, 2020). Business insolvencies in Canada from 2012 to 2019, by assets and liabilities at the time of filing (in million Canadian dollars) [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/1116766/business-insolvencies-canada-assets-liabilities/
Innovation, Science and Economic Development Canada. "Business insolvencies in Canada from 2012 to 2019, by assets and liabilities at the time of filing (in million Canadian dollars)." Chart. May 25, 2020. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/1116766/business-insolvencies-canada-assets-liabilities/
Innovation, Science and Economic Development Canada. (2020). Business insolvencies in Canada from 2012 to 2019, by assets and liabilities at the time of filing (in million Canadian dollars). Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/1116766/business-insolvencies-canada-assets-liabilities/
Innovation, Science and Economic Development Canada. "Business Insolvencies in Canada from 2012 to 2019, by Assets and Liabilities at The Time of Filing (in Million Canadian Dollars)." Statista, Statista Inc., 25 May 2020, https://www.statista.com/statistics/1116766/business-insolvencies-canada-assets-liabilities/
Innovation, Science and Economic Development Canada, Business insolvencies in Canada from 2012 to 2019, by assets and liabilities at the time of filing (in million Canadian dollars) Statista, https://www.statista.com/statistics/1116766/business-insolvencies-canada-assets-liabilities/ (last visited May 24, 2022)
