Insolvency Statistics in Canada—2018 (Table 1)

Table 1: Total Insolvencies
ProvinceVolume2018
20182017% ChangeAssets Declared at the Time of Filing ($)Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador2,8262,51512.4388,078,195538,701,268
Bankruptcies1,3961,3900.4150,220,069273,990,125
Proposals1,4301,12527.1237,858,126264,711,143
Prince Edward Island7356857.352,380,47681,337,156
Bankruptcies4293978.119,435,43747,169,586
Proposals3062886.332,945,03934,167,570
Nova Scotia5,6425,773-2.3451,737,687674,148,635
Bankruptcies3,5163,850-8.7218,135,236411,315,318
Proposals2,1261,92310.6233,602,451262,833,317
New Brunswick4,5174,4182.2374,161,254527,393,597
Bankruptcies2,2942,500-8.2134,676,530264,512,277
Proposals2,2231,91815.9239,484,724262,881,320
Quebec43,83143,7310.23,151,338,1295,763,906,011
Bankruptcies22,76724,210-6.0971,972,3242,655,072,509
Proposals21,06419,5217.92,179,365,8053,108,833,502
Ontario39,79339,0451.92,427,841,5558,133,754,585
Bankruptcies15,34815,968-3.9562,663,3735,617,952,960
Proposals24,44523,0775.91,865,178,1822,515,801,625
Manitoba2,8522,6437.9273,355,487366,468,658
Bankruptcies1,3901,408-1.397,098,652182,320,071
Proposals1,4621,23518.4176,256,835184,148,587
Saskatchewan3,4983,2587.4587,030,748602,656,471
Bankruptcies1,3391,472-9.0178,141,140252,551,047
Proposals2,1591,78620.9408,889,608350,105,424
Alberta14,76113,4819.52,318,436,0353,794,204,379
Bankruptcies5,0875,139-1.0661,610,2631,666,714,459
Proposals9,6748,34216.01,656,825,7722,127,489,920
British Columbia10,27510,1361.4506,460,9631,122,042,255
Bankruptcies4,1474,263-2.7142,625,621543,305,942
Proposals6,1285,8734.3363,835,342578,736,313
Northwest Territories7881-3.79,017,12310,194,102
Bankruptcies4252-19.24,069,5635,415,590
Proposals362924.14,947,5604,778,512
Yukon3537-5.42,632,3484,915,959
Bankruptcies1318-27.81,257,6552,989,536
Proposals221915.81,374,6931,926,423
Nunavut34-25.0431,212672,534
Bankruptcies02-100.000
Proposals3250.0431,212672,534
Canada128,846125,8072.410,542,901,21221,620,395,610
Bankruptcies57,76860,669-4.83,141,905,86311,923,309,420
Proposals71,07865,1389.17,400,995,3499,697,086,190