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Increase in corporate bankruptcies in Canada is just the tip of the iceberg: CFIB

Small businesslobby group says commercial bankruptcies are on the rise in Canada, with more small businesses at risk of closing .

Statistics Canada data show that small business bankruptcies have been on the rise since May 2021. If businessesbecome insolvent, the Only 10% of business owners indicate they will file for bankruptcy.

One-sixth of Saskatchewan SMEs Considering Closing: CFIB – 19 July 2022

Simply stop the business without going through bankruptcy proceedings.

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More than one of his six Canadian small business owners is now out of business, according to CFIB said it was considering

A lobby group is calling for government help to help Canada's small business sector navigate the coming months and cope with challenges such as pandemic-related debt and supply chain issues.

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