Insolvency Statistics in Canada

Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
Province, territory or region	Volume			2016
Province, territory or region	2016	2015	% Change	Assets Declared at the Time of Filing ($)	Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador	28	27	3.7	3,616,835	16,215,281
Bankruptcies	22	21	4.8	3,592,087	10,346,028
Proposals	6	6	0.0	24,748	5,869,253
Avalon Peninsula	16	17	-5.9	2,779,207	13,017,525
Bankruptcies	10	13	-23.1	2,754,459	7,148,272
Proposals	6	4	50.0	24,748	5,869,253
South Coast – Burin Peninsula	4	0	--	235,102	895,947
Bankruptcies	4	0	--	235,102	895,947
Proposals	0	0	--	0	0
West Coast – Northern Peninsula – Labrador	3	7	-57.1	444,716	1,051,205
Bankruptcies	3	5	-40.0	444,716	1,051,205
Proposals	0	2	-100.0	0	0
Notre Dame – Central Bonavista Bay	5	3	66.7	157,810	1,250,604
Bankruptcies	5	3	66.7	157,810	1,250,604
Proposals	0	0	--	0	0
Prince Edward Island	13	16	-18.8	935,572	26,920,945
Bankruptcies	7	12	-41.7	311,037	18,698,926
Proposals	6	4	50.0	624,535	8,222,019
Nova Scotia	75	93	-19.4	10,082,359	64,338,580
Bankruptcies	63	69	-8.7	9,942,664	52,920,166
Proposals	12	24	-50.0	139,695	11,418,414
Cape Breton	4	8	-50.0	96,065	1,123,791
Bankruptcies	2	5	-60.0	96,065	595,360
Proposals	2	3	-33.3	0	528,431
North Shore	13	14	-7.1	1,359,048	4,620,396
Bankruptcies	11	14	-21.4	1,359,048	4,620,396
Proposals	2	1	100.0	0	0
Annapolis Valley	9	8	12.5	3,126,214	8,369,424
Bankruptcies	9	7	28.6	3,126,214	8,369,424
Proposals	0	1	-100.0	0	0
Southern	13	11	18.2	1,793,316	33,249,556
Bankruptcies	10	7	42.9	1,793,316	23,764,539
Proposals	3	4	-25.0	0	9,485,017
Halifax	35	52	-32.7	3,707,715	16,975,413
Bankruptcies	29	36	-19.4	3,568,020	15,570,447
Proposals	6	15	-60.0	139,695	1,404,966
New Brunswick	59	80	-26.3	14,126,085	47,153,890
Bankruptcies	45	59	-23.7	12,567,908	35,482,781
Proposals	14	21	-33.3	1,558,177	11,671,109
Campbellton – Miramichi	14	19	-26.3	2,492,123	9,802,363
Bankruptcies	10	14	-28.6	2,162,009	4,317,201
Proposals	4	6	-33.3	330,114	5,485,162
Moncton – Richibucto	16	28	-42.9	4,160,555	20,680,871
Bankruptcies	13	22	-40.9	3,579,952	19,087,883
Proposals	3	7	-57.1	580,603	1,592,988
Saint John – St. Stephen	13	13	0.0	3,220,977	8,337,473
Bankruptcies	10	13	-23.1	2,907,211	4,625,016
Proposals	3	1	200.0	313,766	3,712,457
Fredericton – Oromocto	5	6	-16.7	3,320,747	4,074,340
Bankruptcies	3	5	-40.0	3,154,118	3,927,823
Proposals	2	2	0.0	166,629	146,517
Edmundston – Woodstock	10	10	0.0	931,682	4,258,843
Bankruptcies	8	6	33.3	764,617	3,524,858
Proposals	2	5	-60.0	167,065	733,985
Quebec	2,197	2,237	-1.8	165,038,161	1,744,176,036
Bankruptcies	1,660	1,684	-1.4	114,948,459	989,165,386
Proposals	537	553	-2.9	50,089,702	755,010,650
Gaspésie – Îles-de-la-Madeleine	15	15	0.0	1,021,229	5,001,920
Bankruptcies	14	13	7.7	1,021,228	2,769,156
Proposals	1	3	-66.7	1	2,232,764
Bas-Saint-Laurent	50	71	-29.6	4,047,233	27,776,107
Bankruptcies	39	57	-31.6	3,897,426	10,515,254
Proposals	11	13	-15.4	149,807	17,260,853
Capitale-Nationale	201	193	4.1	13,153,332	84,711,905
Bankruptcies	139	150	-7.3	8,551,758	39,518,926
Proposals	62	44	40.9	4,601,574	45,192,979
Chaudière – Appalaches	105	91	15.4	9,470,918	48,549,384
Bankruptcies	80	70	14.3	6,486,745	32,044,560
Proposals	25	22	13.6	2,984,173	16,504,824
Estrie	52	43	20.9	5,469,384	37,502,028
Bankruptcies	42	33	27.3	3,726,807	14,860,474
Proposals	10	11	-9.1	1,742,577	22,641,554
Centre-du-Québec	55	59	-6.8	2,315,426	34,416,928
Bankruptcies	37	45	-17.8	1,863,834	8,424,602
Proposals	18	14	28.6	451,592	25,992,326
Montérégie	357	381	-6.3	38,153,778	209,878,976
Bankruptcies	289	283	2.1	31,787,694	146,965,393
Proposals	68	98	-30.6	6,366,084	62,913,583
Montréal	611	650	-6.0	33,626,196	693,865,227
Bankruptcies	455	463	-1.7	16,375,206	458,806,782
Proposals	156	186	-16.1	17,250,990	235,058,445
Laval	111	123	-9.8	9,617,699	84,165,970
Bankruptcies	80	96	-16.7	1,598,248	16,622,105
Proposals	31	27	14.8	8,019,451	67,543,865
Lanaudière	135	119	13.4	7,466,176	109,511,802
Bankruptcies	106	95	11.6	5,265,636	86,849,653
Proposals	29	25	16.0	2,200,540	22,662,149
Laurentides	226	198	14.1	11,922,094	251,373,754
Bankruptcies	157	149	5.4	7,768,822	38,551,047
Proposals	69	48	43.8	4,153,272	212,822,707
Outaouais	81	94	-13.8	6,579,913	38,789,462
Bankruptcies	62	71	-12.7	5,596,206	36,632,078
Proposals	19	23	-17.4	983,707	2,157,384
Abitibi – Témiscamingue	29	25	16.0	3,983,410	58,396,033
Bankruptcies	28	22	27.3	3,983,409	58,373,951
Proposals	1	3	-66.7	1	22,082
Mauricie	85	78	9.0	10,190,054	32,462,754
Bankruptcies	70	58	20.7	9,640,987	19,882,845
Proposals	15	20	-25.0	549,067	12,579,909
Saguenay – Lac-Saint-Jean	57	67	-14.9	6,694,005	22,045,824
Bankruptcies	46	55	-16.4	6,074,770	14,598,461
Proposals	11	12	-8.3	619,235	7,447,363
Côte-Nord	20	15	33.3	1,276,529	5,573,927
Bankruptcies	15	15	0.0	1,258,898	3,596,064
Proposals	5	1	400.0	17,631	1,977,863
Nord-du-Québec	1	10	-90.0	50,786	154,034
Bankruptcies	1	8	-87.5	50,786	154,034
Proposals	0	2	-100.0	0	0
Ontario	940	1,141	-17.6	104,877,819	883,492,003
Bankruptcies	691	884	-21.8	88,899,718	548,892,144
Proposals	249	257	-3.1	15,978,101	334,599,859
Ottawa	92	149	-38.3	3,758,152	43,639,633
Bankruptcies	68	119	-42.9	1,996,027	24,622,013
Proposals	24	31	-22.6	1,762,125	19,017,620
Kingston – Pembroke	16	28	-42.9	1,330,489	13,149,180
Bankruptcies	12	24	-50.0	1,162,780	12,560,499
Proposals	4	4	0.0	167,709	588,681
Muskoka – Kawarthas	14	11	27.3	5,251,298	12,529,285
Bankruptcies	12	11	9.1	4,846,996	11,991,672
Proposals	2	1	100.0	404,302	537,613
Toronto	495	583	-15.1	52,919,883	606,197,201
Bankruptcies	363	457	-20.6	46,312,186	337,567,857
Proposals	132	125	5.6	6,607,697	268,629,344
Kitchener – Waterloo – Barrie	76	72	5.6	6,914,502	28,880,344
Bankruptcies	58	56	3.6	3,005,417	19,984,933
Proposals	18	16	12.5	3,909,085	8,895,411
Hamilton – Niagara Peninsula	101	132	-23.5	23,048,527	92,503,370
Bankruptcies	85	92	-7.6	22,406,586	75,273,990
Proposals	16	41	-61.0	641,941	17,229,380
London	47	38	23.7	2,719,239	24,301,192
Bankruptcies	28	28	0.0	2,065,669	12,646,088
Proposals	19	11	72.7	653,570	11,655,104
Windsor – Sarnia	53	35	51.4	5,369,264	34,596,751
Bankruptcies	42	28	50.0	4,236,171	27,796,415
Proposals	11	7	57.1	1,133,093	6,800,336
Stratford – Bruce Peninsula	8	19	-57.9	473,046	1,425,217
Bankruptcies	5	13	-61.5	470,281	1,373,657
Proposals	3	7	-57.1	2,765	51,560
Northeast	16	59	-72.9	1,006,028	8,809,735
Bankruptcies	7	50	-86.0	313,862	7,711,321
Proposals	9	9	0.0	692,166	1,098,414
Northwest	15	10	50.0	2,087,391	17,460,096
Bankruptcies	10	7	42.9	2,083,743	17,363,700
Proposals	5	3	66.7	3,648	96,396
Manitoba	52	38	36.8	6,263,340	21,534,579
Bankruptcies	34	26	30.8	4,159,199	13,283,727
Proposals	18	12	50.0	2,104,141	8,250,852
Southeast	4	8	-50.0	296,517	757,014
Bankruptcies	3	7	-57.1	296,517	757,014
Proposals	1	1	0.0	0	0
South Central	8	1	700.0	908,262	2,775,423
Bankruptcies	6	0	--	648,898	2,571,437
Proposals	2	1	100.0	259,364	203,986
Southwest	13	7	85.7	1,012,813	4,785,625
Bankruptcies	8	4	100.0	885,126	4,527,040
Proposals	5	3	66.7	127,687	258,585
North Central	1	0	--	46,930	108,598
Bankruptcies	1	0	--	46,930	108,598
Proposals	0	0	--	0	0
Winnipeg	20	16	25.0	2,629,334	10,812,027
Bankruptcies	10	11	-9.1	912,244	3,023,746
Proposals	10	5	100.0	1,717,090	7,788,281
Interlake	6	1	500.0	1,369,484	2,295,892
Bankruptcies	6	1	500.0	1,369,484	2,295,892
Proposals	0	0	--	0	0
Parklands	0	2	-100.0	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	2	-100.0	0	0
North	0	3	-100.0	0	0
Bankruptcies	0	3	-100.0	0	0
Proposals	0	0	--	0	0
Saskatchewan	117	119	-1.7	14,049,255	257,406,663
Bankruptcies	91	85	7.1	9,680,199	135,849,344
Proposals	26	34	-23.5	4,369,056	121,557,319
Regina – Moose Mountain	52	57	-8.8	8,277,320	18,412,455
Bankruptcies	40	37	8.1	5,687,675	15,973,841
Proposals	12	20	-40.0	2,589,645	2,438,614
Swift Current – Moose Jaw	11	10	10.0	689,410	1,663,588
Bankruptcies	10	6	66.7	672,287	1,384,123
Proposals	1	4	-75.0	17,123	279,465
Saskatoon – Biggar	26	22	18.2	2,936,474	231,231,890
Bankruptcies	18	19	-5.3	1,627,268	112,905,554
Proposals	8	3	166.7	1,309,206	118,326,336
Yorkton – Melville	11	11	0.0	848,643	4,120,523
Bankruptcies	10	10	0.0	764,439	4,043,087
Proposals	1	1	0.0	84,204	77,436
Prince Albert	12	18	-33.3	1,297,408	1,978,207
Bankruptcies	10	12	-16.7	928,531	1,542,739
Proposals	2	6	-66.7	368,877	435,468
Northern	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Alberta	168	134	25.4	249,117,627	1,348,116,796
Bankruptcies	121	95	27.4	234,626,933	1,266,196,453
Proposals	47	39	20.5	14,490,694	81,920,343
Lethbridge – Medicine Hat	2	3	-33.3	5,365,303	26,498,412
Bankruptcies	2	3	-33.3	5,365,303	26,498,412
Proposals	0	0	--	0	0
Camrose – Drumheller	2	2	0.0	640,736	1,926,012
Bankruptcies	2	1	100.0	640,736	1,926,012
Proposals	0	1	-100.0	0	0
Calgary	84	55	52.7	206,995,984	1,050,231,707
Bankruptcies	59	43	37.2	204,142,596	1,016,401,076
Proposals	25	12	108.3	2,853,388	33,830,631
Banff – Jasper – Rocky Mountain House	2	1	100.0	1,091,185	1,973,095
Bankruptcies	2	1	100.0	1,091,185	1,973,095
Proposals	0	0	--	0	0
Red Deer	7	9	-22.2	776,418	4,999,250
Bankruptcies	7	6	16.7	776,418	4,999,250
Proposals	0	3	-100.0	0	0
Edmonton	62	47	31.9	29,766,009	249,406,586
Bankruptcies	41	30	36.7	18,344,903	203,025,172
Proposals	21	17	23.5	11,421,106	46,381,414
Athabasca – Grande Prairie – Peace River	7	14	-50.0	2,443,158	9,887,150
Bankruptcies	6	9	-33.3	2,227,890	8,187,545
Proposals	1	5	-80.0	215,268	1,699,605
Wood Buffalo – Cold Lake	3	2	50.0	2,038,835	3,194,582
Bankruptcies	2	1	100.0	2,037,903	3,185,890
Proposals	1	1	0.0	932	8,692
British Columbia	199	222	-10.4	214,376,663	12,691,495,749
Bankruptcies	149	154	-3.2	200,955,263	12,641,349,448
Proposals	50	68	-26.5	13,421,400	50,146,301
Vancouver Island and Coast	26	37	-29.7	13,229,044	43,431,364
Bankruptcies	19	27	-29.6	11,210,336	34,207,058
Proposals	7	9	-22.2	2,018,708	9,224,306
Lower Mainland – Southwest	125	146	-14.4	183,037,776	12,597,966,874
Bankruptcies	94	97	-3.1	173,452,379	12,565,372,380
Proposals	31	48	-35.4	9,585,397	32,594,494
Thompson – Okanagan	30	26	15.4	6,989,769	23,787,572
Bankruptcies	25	20	25.0	6,129,974	18,541,091
Proposals	5	7	-28.6	859,795	5,246,481
Kootenay	3	1	200.0	7,875,654	12,031,757
Bankruptcies	2	0	--	7,169,394	11,046,106
Proposals	1	1	0.0	706,260	985,651
Cariboo	3	5	-40.0	831,223	2,713,977
Bankruptcies	2	6	-66.7	603,207	946,993
Proposals	1	0	--	228,016	1,766,984
North Coast	1	2	-50.0	1,692,456	5,705,352
Bankruptcies	1	2	-50.0	1,692,456	5,705,352
Proposals	0	0	--	0	0
Nechako	2	0	--	8,817	174,731
Bankruptcies	2	0	--	8,817	174,731
Proposals	0	0	--	0	0
Northeast	5	3	66.7	711,922	5,684,124
Bankruptcies	2	1	100.0	688,699	5,355,738
Proposals	3	2	50.0	23,223	328,386
Northwest Territories	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Yukon	0	0	--	0	0
Bankruptcies	0	0	--	0	0
Proposals	0	0	--	0	0
Nunavut	1	0	--	957,517	1,305,632
Bankruptcies	1	0	--	957,517	1,305,632
Proposals	0	0	--	0	0

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Insolvency Statistics in Canada—2016 (Table 6)