Request for information – Business performance and ownership

Under the authority of the Statistics Act, Statistics Canada is hereby requesting the following information, which will be used solely for statistical and research purposes and will be protected in accordance with the provisions of the Statistics Act and any other applicable law. This is a mandatory request for data.

Business dynamics

Corporate insolvency microdata

What information is being requested?

Information on corporations (legal names, trade names and addresses) that have filed for corporate insolvency is being requested.

What personal information is included in this request?

This request does not include personal information.

What years of data will be requested?

Monthly data beginning in 2006 (ongoing)

From whom will the information be requested?

This information is being requested from the Office of the Superintendent of Bankruptcy.

Why is this information being requested?

Statistics Canada is requesting the Corporate Insolvency Microdata to help provide timely statistics on permanent firm closures. The COVID-19 pandemic has led the Government of Canada to introduce a number of measures such as the Canada Emergency Wage Subsidy, the Canada Emergency Business Account and the Canada Emergency Commercial Rent Assistance Program to support businesses and limit the number of business failures during the pandemic. Timely measures of permanent business closures will provide information on whether the objectives of these support programs are being met. The success of these programs will directly impact Canadians, as the survival of businesses during the pandemic directly affects the employment opportunities available to Canadians.

Statistics Canada may also use the information for other statistical and research purposes.

Why were these organizations selected as data providers?

As part of its mandate, the Office of the Superintendent of Bankruptcy is responsible for administration of the Bankruptcy and Insolvency Act. As such, it maintains up-to-data data on corporate bankruptcies in Canada.

When will this information be requested?

November 2020 and onward (monthly)

When was this request published?

October 28, 2020

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