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 |