Insolvency Statistics in Canada — 2022 (Table 2)

 
Table 2: BIA Insolvencies Filed by Consumers
- Volume Assets Declared at the Time of Filing ($)
2022
Liabilities Declared at the Time of Filing ($)
2022
2022 2021 % Change
Newfoundland and Labrador 1,928 1,737 11.0 186,854,607 228,977,083
Bankruptcies
674 642 5.0 35,594,580 68,378,077
Proposals
1,254 1,095 14.5 151,260,027 160,599,006
Prince Edward Island 443 384 15.4 22,844,714 34,917,024
Bankruptcies
169 169 0.0 4,039,509 11,726,419
Proposals
274 215 27.4 18,805,205 23,190,605
Nova Scotia 3,467 3,007 15.3 180,952,133 259,817,067
Bankruptcies
1,208 1,268 -4.7 29,439,669 86,043,085
Proposals
2,259 1,739 29.9 151,512,464 173,773,982
New Brunswick 3,128 2,985 4.8 183,736,544 252,806,956
Bankruptcies
1,027 1,241 -17.2 27,003,481 79,495,665
Proposals
2,101 1,744 20.5 156,733,063 173,311,291
Quebec 25,433 23,667 7.5 1,078,412,677 1,942,871,953
Bankruptcies
8,795 10,113 -13.0 170,864,831 634,081,277
Proposals
16,638 13,554 22.8 907,547,846 1,308,790,676
Ontario 34,736 30,327 14.5 1,651,464,117 2,457,587,409
Bankruptcies
7,133 7,580 -5.9 145,790,246 663,007,822
Proposals
27,603 22,747 21.3 1,505,673,871 1,794,579,587
Manitoba 2,773 2,507 10.6 218,329,197 305,841,996
Bankruptcies
734 782 -6.1 30,298,160 85,274,012
Proposals
2,039 1,725 18.2 188,031,037 220,567,984
Saskatchewan 3,116 2,724 14.4 409,521,291 439,066,216
Bankruptcies
642 744 -13.7 66,632,837 111,244,368
Proposals
2,474 1,980 24.9 342,888,454 327,821,848
Alberta 14,875 13,956 6.6 1,763,557,767 2,136,672,731
Bankruptcies
2,374 2,731 -13.1 172,465,389 395,534,704
Proposals
12,501 11,225 11.4 1,591,092,378 1,741,138,027
British Columbia 10,167 8,699 16.9 2,397,376,674 829,957,613
Bankruptcies
1,821 2,172 -16.2 55,462,839 241,802,874
Proposals
8,346 6,527 27.9 2,341,913,835 588,154,739
Northwest Territories 56 53 5.7 5,970,685 7,609,444
Bankruptcies
3 9 -66.7 490,680 1,031,203
Proposals
53 44 20.5 5,480,005 6,578,241
Yukon 49 34 44.1 3,039,731 5,650,658
Bankruptcies
6 9 -33.3 64,082 1,299,116
Proposals
43 25 72.0 2,975,649 4,351,542
Nunavut 13 12 8.3 140,236 566,341
Bankruptcies
0 1 -100.0 0 0
Proposals
13 11 18.2 140,236 566,341
Canada 100,184 90,092 11.2 8,102,200,373 8,902,342,491
Bankruptcies
24,586 27,461 -10.5 738,146,303 2,378,918,622
Proposals
75,598 62,631 20.7 7,364,054,070 6,523,423,869