Updated
Canadian debt & insolvency news, explained. Written by Licensed Insolvency Trustees.
Law & Policy
A Senate bill introduced Oct. 7 aims to give very small corporations a simpler, lower-cost route through bankruptcy or a proposal. The details that matter are still to come by regulation.
Insolvency Data
Canada recorded 146,135 consumer insolvencies in the 12 months to August — about 400 a day. Bankruptcies are up 9.5%, and that shift matters.
Small Business
Business loan delinquencies just hit their highest level since 2019. But business proposals are up 30% — a sign owners are fighting to survive.
Insolvency Data
The federal insolvency regulator's profile of 2024 filers shows a median monthly shortfall of $175 and income loss as the top cause. Here is what the numbers say.
