Insolvency Statistics in Canada—Fourth Quarter of 2018

Tables

• Table 1: Total Insolvencies
• Table 2: Insolvencies Filed by Consumers
• Table 3: Insolvencies Filed by Businesses
• Table 4: Insolvencies by NAICS Economic Sectors, Canada
• Table 5: Insolvencies Filed by Consumers by Economic Region (ER)
• Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
• Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
• Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)

Glossary

Bankruptcy: The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.

Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.

Census Metropolitan Area (CMA): Each area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.

Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.

Economic Region (ER): Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).

North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

Proposal: An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.