Volume of Insolvency Filings
In 2025, a total of 145,297 insolvencies under the Bankruptcy and Insolvency Act (BIA) were filed with the Office of the Superintendent of Bankruptcy (OSB). This represents a 1.3% increase from 2024.
In addition there were 70 proceedings filed under the Companies’ Creditors Arrangement Act (CCAA) and 846 receiverships.
BIA Insolvencies
The total volume of BIA insolvencies in 2025 has risen compared to 2022, 2023 and 2024 and has surpassed the volume of insolvencies filed in the pre-pandemic year 2019. However, the insolvency filing rate has remained fairly steady over the last three years, at 4.1 per 1000 consumers and 1.0 per 1000 businesses in 2025. Consumer insolvencies increased from 137,295…

