Number of businesses insolvencies in Canada 2019-2023

Published by Statista Research Department, Mar 11, 2024
In 2023, the number business insolvencies in Canada amounted to 4,613. Compared to the previous year, the number of bankruptcies and proposals experienced an increase. Specifically, there were 2,577 bankruptcies and 759 proposals in Canada in 2022.

Number of businesses insolvencies in Canada from 2019 to 2023

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Release date

January 2024

Region

Canada

Survey time period

2019 to 2023

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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