Insolvency Statistics in Canada — 2019 (Table 3)

Table 3: Insolvencies Filed by Businesses
- Volume 2019
2019 2018 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 41 24 70.8 22,200,882 59,447,776
Bankruptcies 35 20 75.0 22,066,721 55,857,403
Proposals 6 4 50.0 134,161 3,590,373
Prince Edward Island 10 4 150.0 7,899,623 33,705,215
Bankruptcies 9 3 200.0 7,899,622 31,127,012
Proposals 1 1 0.0 1 2,578,203
Nova Scotia 59 47 25.5 42,558,033 697,289,064
Bankruptcies 51 33 54.5 42,542,593 696,609,775
Proposals 8 14 -42.9 15,440 679,289
New Brunswick 45 37 21.6 19,067,235 42,871,997
Bankruptcies 34 32 6.3 18,799,799 34,273,434
Proposals 11 5 120.0 267,436 8,598,563
Quebec 2,126 2,095 1.5 167,168,307 2,068,326,571
Bankruptcies 1,620 1,579 2.6 110,621,154 1,116,278,482
Proposals 506 516 -1.9 56,547,153 952,048,089
Ontario 902 937 -3.7 165,395,642 2,381,644,307
Bankruptcies 652 688 -5.2 142,740,712 2,183,365,536
Proposals 250 249 0.4 22,654,930 198,278,771
Manitoba 39 28 39.3 15,471,894 47,779,000
Bankruptcies 33 26 26.9 15,241,982 46,955,965
Proposals 6 2 200.0 229,912 823,035
Saskatchewan 104 99 5.1 29,042,498 71,301,380
Bankruptcies 64 59 8.5 19,513,175 60,280,290
Proposals 40 40 0.0 9,529,323 11,021,090
Alberta 223 206 8.3 108,434,476 1,759,684,925
Bankruptcies 155 162 -4.3 103,218,002 925,578,541
Proposals 68 44 54.5 5,216,474 834,106,384
British Columbia 127 103 23.3 81,729,060 369,109,689
Bankruptcies 90 75 20.0 72,721,970 243,914,401
Proposals 37 28 32.1 9,007,090 125,195,288
Northwest Territories 2 0 n/a 5,501 138,053
Bankruptcies 1 0 n/a 5,501 138,053
Proposals 1 0 n/a 0 0
Yukon 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Nunavut 2 0 n/a 12,810,811 8,231,742
Bankruptcies 2 0 n/a 12,810,811 8,231,742
Proposals 0 0 n/a 0 0
Canada 3,680 3,580 2.8 671,783,962 7,539,529,719
Bankruptcies 2,746 2,677 2.6 568,182,042 5,402,610,634
Proposals 934 903 3.4 103,601,920 2,136,919,085
Table 3a: Insolvencies Filed by Corporations
- Volume 2019
2019 2018 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 13 11 18.2 19,392,797 50,400,603
Bankruptcies 10 7 42.9 19,392,797 47,328,152
Proposals 3 4 -25.0 0 3,072,451
Prince Edward Island 4 1 300.0 7,473,455 30,620,136
Bankruptcies 3 1 200.0 7,473,454 28,041,933
Proposals 1 0 n/a 1 2,578,203
Nova Scotia 31 24 29.2 40,449,581 688,315,597
Bankruptcies 24 18 33.3 40,449,476 687,671,581
Proposals 7 6 16.7 105 644,016
New Brunswick 29 20 45.0 18,241,685 40,110,910
Bankruptcies 23 18 27.8 18,241,683 32,266,578
Proposals 6 2 200.0 2 7,844,332
Quebec 1,862 1,831 1.7 145,633,776 1,990,717,027
Bankruptcies 1,453 1,401 3.7 97,881,398 1,067,376,417
Proposals 409 430 -4.9 47,752,378 923,340,610
Ontario 488 523 -6.7 137,920,509 2,217,130,419
Bankruptcies 362 397 -8.8 127,984,754 2,047,941,533
Proposals 126 126 0.0 9,935,755 169,188,886
Manitoba 13 6 116.7 9,650,812 22,069,073
Bankruptcies 11 5 120.0 9,650,812 22,069,073
Proposals 2 1 100.0 0 0
Saskatchewan 8 8 0.0 13,101,297 37,549,172
Bankruptcies 5 4 25.0 13,097,997 37,465,178
Proposals 3 4 -25.0 3,300 83,994
Alberta 117 99 18.2 98,817,208 1,641,468,002
Bankruptcies 83 77 7.8 97,316,509 814,969,962
Proposals 34 22 54.5 1,500,699 826,498,040
British Columbia 54 37 45.9 71,930,940 341,673,371
Bankruptcies 36 24 50.0 64,165,974 220,413,211
Proposals 18 13 38.5 7,764,966 121,260,160
Northwest Territories 1 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 1 0 n/a 0 0
Yukon 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Nunavut 2 0 n/a 12,810,811 8,231,742
Bankruptcies 2 0 n/a 12,810,811 8,231,742
Proposals 0 0 n/a 0 0
Canada 2,622 2,560 2.4 575,422,871 7,068,286,052
Bankruptcies 2,012 1,952 3.1 508,465,665 5,013,775,360
Proposals 610 608 0.3 66,957,206 2,054,510,692
Table 3b: Insolvencies Filed by Individual Businesses
- Volume 2019
2019 2018 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 28 13 115.4 2,808,085 9,047,173
Bankruptcies 25 13 92.3 2,673,924 8,529,251
Proposals 3 0 n/a 134,161 517,922
Prince Edward Island 6 3 100.0 426,168 3,085,079
Bankruptcies 6 2 200.0 426,168 3,085,079
Proposals 0 1 -100.0 0 0
Nova Scotia 28 23 21.7 2,108,452 8,973,467
Bankruptcies 27 15 80.0 2,093,117 8,938,194
Proposals 1 8 -87.5 15,335 35,273
New Brunswick 16 17 -5.9 825,550 2,761,087
Bankruptcies 11 14 -21.4 558,116 2,006,856
Proposals 5 3 66.7 267,434 754,231
Quebec 264 264 0.0 21,534,531 77,609,544
Bankruptcies 167 178 -6.2 12,739,756 48,902,065
Proposals 97 86 12.8 8,794,775 28,707,479
Ontario 414 414 0.0 27,475,133 164,513,888
Bankruptcies 290 291 -0.3 14,755,958 135,424,003
Proposals 124 123 0.8 12,719,175 29,089,885
Manitoba 26 22 18.2 5,821,082 25,709,927
Bankruptcies 22 21 4.8 5,591,170 24,886,892
Proposals 4 1 300.0 229,912 823,035
Saskatchewan 96 91 5.5 15,941,201 33,752,208
Bankruptcies 59 55 7.3 6,415,178 22,815,112
Proposals 37 36 2.8 9,526,023 10,937,096
Alberta 106 107 -0.9 9,617,268 118,216,923
Bankruptcies 72 85 -15.3 5,901,493 110,608,579
Proposals 34 22 54.5 3,715,775 7,608,344
British Columbia 73 66 10.6 9,798,120 27,436,318
Bankruptcies 54 51 5.9 8,555,996 23,501,190
Proposals 19 15 26.7 1,242,124 3,935,128
Northwest Territories 1 0 n/a 5,501 138,053
Bankruptcies 1 0 n/a 5,501 138,053
Proposals 0 0 n/a 0 0
Yukon 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Nunavut 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Canada 1,058 1,020 3.7 96,361,091 471,243,667
Bankruptcies 734 725 1.2 59,716,377 388,835,274
Proposals 324 295 9.8 36,644,714 82,408,393