Quarterly number of businesses insolvencies in Canada 2019-2020

Published by Statista Research Department, Jul 31, 2024
In the last quarter of 2020, the number business insolvencies in Canada amounted to 907. Compared to the previous quarter of the same year, the number of bankruptcies and proposals experienced an increase. In total, there were 2,786 insolvencies in Canada in 2020, while in 2019 there were 3,680.

Number of businesses insolvencies in Canada in selected quarters between 4th quarter 2019 and 4th quarter 2020

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Release date

February 2021

Region

Canada

Survey time period

Q4 2019 to Q4 2020

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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