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.
Citation formats
Number of businesses insolvencies in Canada 2019-2023
In 2023, the number business insolvencies in Canada amounted to . Compared to the previous year, the number of bankruptcies and proposals experienced an increase. Specifically, there were bankruptcies and *** proposals in Canada in 2022.
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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 ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /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. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /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." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Jan 2024, /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 ÌÇÐÄÆƽâ°æ, /statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/ (last visited August 04, 2026)
Number of businesses insolvencies in Canada from 2019 to 2023 [Graph], Innovation, Science and Economic Development Canada, January 5, 2024. [Online]. Available: /statistics/1227214/annual-number-of-businesses-insolvencies-in-canada/
