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Percentage change in number of business insolvencies in Canada 2021

Published by Statista Research Department, Feb 10, 2022
In 2021, the industry of arts, entertainment, and recreation recorded the lowest growth rate of business insolvencies of any industry in Canada. Compared to 2019, 42 percent less enterprises filed for insolvency that year.

Percentage change in the number of business insolvencies in Canada in 2021 (compared to the previous year)

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Release date

January 2022

Region

Canada

Survey time period

2021

Supplementary notes

Including both bankruptcies and proposals.
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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