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
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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Innovation, Science and Economic Development Canada. (January 5, 2024). Number of businesses insolvencies in Canada from 2019 to 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada. "Number of businesses insolvencies in Canada from 2019 to 2023." Chart. January 5, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada. (2024). Number of businesses insolvencies in Canada from 2019 to 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada. "Number of Businesses Insolvencies in Canada from 2019 to 2023." Statista, Statista Inc., 5 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/
Innovation, Science and Economic Development Canada, Number of businesses insolvencies in Canada from 2019 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/ (last visited November 10, 2024)
Number of businesses insolvencies in Canada from 2019 to 2023 [Graph], Innovation, Science and Economic Development Canada, January 5, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/
