Just The Facts: 2024 Saw The Most Canadian Insolvencies In 15 Years

February 5, 2025 at 12:07 pm  Federal, Politics

Ottawa, ON – After nine years of the NDP-Liberal Government, Canada’s economy has never been so weak. This was made clear after the Office of the Superintendent of Bankruptcy rang the alarm bell by reporting the highest annual count of Canadian insolvencies in fifteen years.

In total, insolvencies rose 12.1 percent last year compared with 2023. Canadian businesses took the biggest hit, reporting a 28.6 percent increase in 2024, while consumer insolvencies rose by 11.4 percent in the same time period.

On top of this, the Canadian Association of Insolvency and Restructuring Professionals reported that 2024 saw a 15-year high in business and consumer insolvencies, reaching as many as 375 insolvencies per day.

The NDP-Liberals have pushed Canada’s economy to the point of collapse with their punishing taxes and out-of-control spending. Last month, the Parliamentary Budget Officer warned that the “the Government failed to meet its first fiscal objective” after they recorded an eye-watering $61.9 billion deficit. This has made everything more expensive, with more taxpayer dollars going to paying off the NDP-Liberal debt than towards the federal health transfer.

This has had devastating consequences for working Canadians. Businesses are closing after the Liberals hiked their capital gains tax and increased the carbon tax. And as many as 50 percent of Canadians are now $200 or less away from not being able to pay their bills. The Royal Bank of Canada also revealed last month that 55 percent of Canadians are “feeling paralyzed.”

Canadians deserve relief. Only Common Sense Conservatives will axe the tax and fix the budget to bring home powerful paycheques for workers.

View the full article from the original source

No conversations yet

Activity Stream

Thu, Apr 17, 2025 at 8:00 am - David Suzuki posted on their blog: What the hell happened to Elon Musk?
Tue, Apr 15, 2025 at 10:06 pm - Ryan Noakes posted on their blog: A Fond Farewell To Dina Gilbert
Thu, Apr 10, 2025 at 8:00 am - David Suzuki posted on their blog: It’s time to clean up classroom oil spills
Thu, Apr 3, 2025 at 8:00 am - David Suzuki posted on their blog: U.S. pipeline giant’s Greenpeace lawsuit is attack on freedoms
Wed, Apr 2, 2025 at 4:05 pm - Kamloops Film Society posted on their blog: Celebrating 70 Years of Cinema, Community, and Culture at the Paramount Theatre – The Kamloops Film Society
Thu, Mar 27, 2025 at 8:00 am - David Suzuki posted on their blog: Vote to keep Canada strong and free!
Thu, Mar 20, 2025 at 8:00 am - David Suzuki posted on their blog: Canada is not an economic basket case
Sun, Mar 16, 2025 at 1:03 pm - Kamloops Film Society posted on their blog: Kamloops Film Festival celebrates an increase in attendance with sold-out screenings and expanded industry partnerships – The Kamloops Film Society
Thu, Mar 13, 2025 at 8:00 am - David Suzuki posted on their blog: Canada must resist anti-democratic crusaders
Thu, Mar 6, 2025 at 8:00 am - David Suzuki posted on their blog: CBC could be a beacon in turbulent times
Full Stream