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Number of businesses insolvencies in Canada 2019-2021

Published by Statista Research Department, Feb 10, 2022
In 2021, the number business insolvencies in Canada amounted to 2,480. Compared to the previous year, the number of bankruptcies and proposals experienced a decrease. Specifically, there were1,942 bankruptcies and 538 proposals in Canada in 2021.

Number of businesses insolvencies in Canada from 2019 to 2021

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Release date

January 2022

Region

Canada

Survey time period

2019 to 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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