Insolvency Statistics in Canada — 2020 (Table 3)

Table 3: Insolvencies Filed by Businesses
- Volume 2020
2020 2019 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 10 41 -75.6 4,309,051 20,104,521
Bankruptcies 10 35 -71.4 4,309,051 20,104,521
Proposals 0 6 -100.0 0 0
Prince Edward Island 2 10 -80.0 8,842 387,566
Bankruptcies 1 9 -88.9 8,842 387,566
Proposals 1 1 0.0 0 0
Nova Scotia 19 59 -67.8 53,237,369 118,637,762
Bankruptcies 16 51 -68.6 53,227,169 117,861,448
Proposals 3 8 -62.5 10,200 776,314
New Brunswick 24 45 -46.7 87,110,339 234,306,146
Bankruptcies 16 34 -52.9 85,836,137 228,067,044
Proposals 8 11 -27.3 1,274,202 6,239,102
Quebec 1,599 2,126 -24.8 130,112,203 1,932,188,017
Bankruptcies 1,258 1,620 -22.3 86,168,546 712,772,794
Proposals 341 506 -32.6 43,943,657 1,219,415,223
Ontario 759 902 -15.9 228,597,508 1,498,925,641
Bankruptcies 536 652 -17.8 163,085,767 1,217,315,567
Proposals 223 250 -10.8 65,511,741 281,610,074
Manitoba 35 39 -10.3 13,231,930 70,858,938
Bankruptcies 28 33 -15.2 11,876,994 69,071,539
Proposals 7 6 16.7 1,354,936 1,787,399
Saskatchewan 49 104 -52.9 20,891,343 34,728,527
Bankruptcies 40 64 -37.5 19,741,145 30,590,052
Proposals 9 40 -77.5 1,150,198 4,138,475
Alberta 160 223 -28.3 114,042,594 635,486,388
Bankruptcies 122 155 -21.3 90,515,288 560,320,071
Proposals 38 68 -44.1 23,527,306 75,166,317
British Columbia 128 127 0.8 177,322,711 1,585,063,606
Bankruptcies 80 90 -11.1 171,665,564 1,058,704,446
Proposals 48 37 29.7 5,657,147 526,359,160
Northwest Territories 0 2 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
Proposals 0 1 -100.0 0 0
Yukon 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Nunavut 1 2 -50.0 251,572 972,743
Bankruptcies 1 2 -50.0 251,572 972,743
Proposals 0 0 n/a 0 0
Canada 2,786 3,680 -24.3 829,115,462 6,131,659,855
Bankruptcies 2,108 2,746 -23.2 686,686,075 4,016,167,791
Proposals 678 934 -27.4 142,429,387 2,115,492,064
Table 3a: Insolvencies Filed by Corporations
- Volume 2020
2020 2019 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 3 13 -76.9 3,953,111 17,323,969
Bankruptcies 3 10 -70.0 3,953,111 17,323,969
Proposals 0 3 -100.0 0 0
Prince Edward Island 1 4 -75.0 0 0
Bankruptcies 0 3 -100.0 0 0
Proposals 1 1 0.0 0 0
Nova Scotia 11 31 -64.5 53,085,839 117,606,658
Bankruptcies 9 24 -62.5 53,085,839 116,891,845
Proposals 2 7 -71.4 0 714,813
New Brunswick 14 29 -51.7 85,841,316 233,036,354
Bankruptcies 12 23 -47.8 85,565,954 227,102,541
Proposals 2 6 -66.7 275,362 5,933,813
Quebec 1,414 1,862 -24.1 116,217,674 1,882,143,038
Bankruptcies 1,138 1,453 -21.7 80,946,019 691,838,581
Proposals 276 409 -32.5 35,271,655 1,190,304,457
Ontario 490 488 0.4 182,001,112 943,330,038
Bankruptcies 381 362 5.2 146,173,564 700,513,924
Proposals 109 126 -13.5 35,827,548 242,816,114
Manitoba 14 13 7.7 8,935,606 57,948,824
Bankruptcies 9 11 -18.2 8,935,605 57,947,823
Proposals 5 2 150.0 1 1,001
Saskatchewan 13 8 62.5 10,858,677 13,062,970
Bankruptcies 11 5 120.0 10,858,675 10,303,840
Proposals 2 3 -33.3 2 2,759,130
Alberta 96 117 -17.9 106,170,688 522,609,854
Bankruptcies 76 83 -8.4 84,709,230 460,720,229
Proposals 20 34 -41.2 21,461,458 61,889,625
British Columbia 85 54 57.4 171,442,507 1,559,758,880
Bankruptcies 54 36 50.0 168,030,071 1,041,932,785
Proposals 31 18 72.2 3,412,436 517,826,095
Northwest Territories 0 1 -100.0 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 1 -100.0 0 0
Yukon 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Nunavut 1 2 -50.0 251,572 972,743
Bankruptcies 1 2 -50.0 251,572 972,743
Proposals 0 0 n/a 0 0
Canada 2,142 2,622 -18.3 738,758,102 5,347,793,328
Bankruptcies 1,694 2,012 -15.8 642,509,640 3,325,548,280
Proposals 448 610 -26.6 96,248,462 2,022,245,048
Table 3b: Insolvencies Filed by Individual Businesses
- Volume 2020
2020 2019 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 7 28 -75.0 355,940 2,780,552
Bankruptcies 7 25 -72.0 355,940 2,780,552
Proposals 0 3 -100.0 0 0
Prince Edward Island 1 6 -83.3 8,842 387,566
Bankruptcies 1 6 -83.3 8,842 387,566
Proposals 0 0 n/a 0 0
Nova Scotia 8 28 -71.4 151,530 1,031,104
Bankruptcies 7 27 -74.1 141,330 969,603
Proposals 1 1 0.0 10,200 61,501
New Brunswick 10 16 -37.5 1,269,023 1,269,792
Bankruptcies 4 11 -63.6 270,183 964,503
Proposals 6 5 20.0 998,840 305,289
Quebec 185 264 -29.9 13,894,529 50,044,979
Bankruptcies 120 167 -28.1 5,222,527 20,934,213
Proposals 65 97 -33.0 8,672,002 29,110,766
Ontario 269 414 -35.0 46,596,396 555,595,603
Bankruptcies 155 290 -46.6 16,912,203 516,801,643
Proposals 114 124 -8.1 29,684,193 38,793,960
Manitoba 21 26 -19.2 4,296,324 12,910,114
Bankruptcies 19 22 -13.6 2,941,389 11,123,716
Proposals 2 4 -50.0 1,354,935 1,786,398
Saskatchewan 36 96 -62.5 10,032,666 21,665,557
Bankruptcies 29 59 -50.8 8,882,470 20,286,212
Proposals 7 37 -81.1 1,150,196 1,379,345
Alberta 64 106 -39.6 7,871,906 112,876,534
Bankruptcies 46 72 -36.1 5,806,058 99,599,842
Proposals 18 34 -47.1 2,065,848 13,276,692
British Columbia 43 73 -41.1 5,880,204 25,304,726
Bankruptcies 26 54 -51.9 3,635,493 16,771,661
Proposals 17 19 -10.5 2,244,711 8,533,065
Northwest Territories 0 1 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
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 644 1,058 -39.1 90,357,360 783,866,527
Bankruptcies 414 734 -43.6 44,176,435 690,619,511
Proposals 230 324 -29.0 46,180,925 93,247,016