Insolvency Statistics in Canada — 2020 (Table 1)

Table 1: Total Insolvencies
- Volume 2020
2020 2019 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 1,883 3,262 -42.3 236,433,878 303,461,870
Bankruptcies 778 1,501 -48.2 74,640,106 128,309,318
Proposals 1,105 1,761 -37.3 161,793,772 175,152,552
Prince Edward Island 428 759 -43.6 22,461,459 35,391,770
Bankruptcies 204 395 -48.4 7,021,615 18,163,909
Proposals 224 364 -38.5 15,439,844 17,227,861
Nova Scotia 3,517 6,099 -42.3 306,260,159 482,727,072
Bankruptcies 1,615 3,244 -50.2 132,316,113 283,448,354
Proposals 1,902 2,855 -33.4 173,944,046 199,278,718
New Brunswick 3,389 4,896 -30.8 333,526,769 575,199,507
Bankruptcies 1,502 2,377 -36.8 152,868,343 369,391,050
Proposals 1,887 2,519 -25.1 180,658,426 205,808,457
Quebec 28,282 44,991 -37.1 1,861,600,188 4,412,841,810
Bankruptcies 12,972 21,658 -40.1 502,813,143 1,673,045,683
Proposals 15,310 23,333 -34.4 1,358,787,045 2,739,796,127
Ontario 34,751 45,754 -24.0 2,260,416,250 4,477,119,311
Bankruptcies 9,749 15,229 -36.0 413,459,264 2,104,179,832
Proposals 25,002 30,525 -18.1 1,846,956,986 2,372,939,479
Manitoba 2,562 3,185 -19.6 300,037,495 406,066,754
Bankruptcies 815 1,377 -40.8 68,151,967 184,548,706
Proposals 1,747 1,808 -3.4 231,885,528 221,518,048
Saskatchewan 2,689 3,557 -24.4 452,212,308 468,288,049
Bankruptcies 918 1,381 -33.5 134,938,790 187,020,784
Proposals 1,771 2,176 -18.6 317,273,518 281,267,265
Alberta 13,249 16,898 -21.6 2,223,030,489 3,313,139,932
Bankruptcies 3,724 5,744 -35.2 563,088,011 1,530,100,515
Proposals 9,525 11,154 -14.6 1,659,942,478 1,783,039,417
British Columbia 8,398 11,348 -26.0 652,067,594 2,428,555,282
Bankruptcies 2,689 4,224 -36.3 279,612,594 1,420,240,812
Proposals 5,709 7,124 -19.9 372,455,000 1,008,314,470
Northwest Territories 47 68 -30.9 6,968,069 7,059,459
Bankruptcies 10 10 0.0 1,458,438 1,596,355
Proposals 37 58 -36.2 5,509,631 5,463,104
Yukon 36 33 9.1 2,243,050 3,490,832
Bankruptcies 11 13 -15.4 96,580 735,237
Proposals 25 20 25.0 2,146,470 2,755,595
Nunavut 13 8 62.5 874,761 1,833,600
Bankruptcies 1 2 -50.0 251,572 972,743
Proposals 12 6 100.0 623,189 860,857
Canada 99,244 140,858 -29.5 8,658,132,469 16,915,175,248
Bankruptcies 34,988 57,155 -38.8 2,330,716,536 7,901,753,298
Proposals 64,256 83,703 -23.2 6,327,415,933 9,013,421,950