Insolvency Statistics in Canada — 2021 (Table 1)

Table 1: Total Insolvencies
- Volume 2021
2021 2020 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 1,749 1,883 -7.1 223,270,158 300,721,032
Bankruptcies
653 778 -16.1 75,677,842 142,266,907
Proposals
1,096 1,105 -0.8 147,592,316 158,454,125
Prince Edward Island 388 428 -9.3 27,453,542 59,935,346
Bankruptcies
172 204 -15.7 9,432,589 41,132,023
Proposals
216 224 -3.6 18,020,953 18,803,323
Nova Scotia 3,024 3,517 -14.0 189,177,636 279,209,586
Bankruptcies
1,281 1,615 -20.7 52,478,633 110,945,088
Proposals
1,743 1,902 -8.4 136,699,003 168,264,498
New Brunswick 2,997 3,389 -11.6 188,400,109 279,289,325
Bankruptcies
1,251 1,502 -16.7 46,631,658 113,283,032
Proposals
1,746 1,887 -7.5 141,768,451 166,006,293
Quebec 25,197 28,282 -10.9 1,373,721,520 3,602,474,401
Bankruptcies
11,373 12,972 -12.3 433,656,818 2,109,259,584
Proposals
13,824 15,310 -9.7 940,064,702 1,493,214,817
Ontario 30,940 34,751 -11.0 1,636,610,246 4,072,169,151
Bankruptcies
8,027 9,749 -17.7 398,658,677 2,502,571,112
Proposals
22,913 25,002 -8.4 1,237,951,569 1,569,598,039
Manitoba 2,538 2,562 -0.9 253,781,371 335,033,662
Bankruptcies
807 815 -1.0 67,820,711 145,138,548
Proposals
1,731 1,747 -0.9 185,960,660 189,895,114
Saskatchewan 2,772 2,689 3.1 388,932,425 473,737,222
Bankruptcies
780 918 -15.0 85,577,656 196,925,658
Proposals
1,992 1,771 12.5 303,354,769 276,811,564
Alberta 14,095 13,249 6.4 1,987,795,947 2,805,670,605
Bankruptcies
2,819 3,724 -24.3 320,770,077 813,772,015
Proposals
11,276 9,525 18.4 1,667,025,870 1,991,898,590
British Columbia 8,773 8,398 4.5 535,785,075 1,012,255,502
Bankruptcies
2,221 2,689 -17.4 108,431,720 466,258,171
Proposals
6,552 5,709 14.8 427,353,355 545,997,331
Northwest Territories 53 47 12.8 8,071,989 8,258,694
Bankruptcies
9 10 -10.0 1,012,090 1,518,234
Proposals
44 37 18.9 7,059,899 6,740,460
Yukon 34 36 -5.6 1,858,187 2,627,889
Bankruptcies
9 11 -18.2 57,342 509,333
Proposals
25 25 0.0 1,800,845 2,118,556
Nunavut 12 13 -7.7 217,072 494,605
Bankruptcies
1 1 0.0 79,051 72,186
Proposals
11 12 -8.3 138,021 422,419
Canada 92,572 99,244 -6.7 6,815,075,277 13,231,877,020
Bankruptcies
29,403 34,988 -16.0 1,600,284,864 6,643,651,891
Proposals
63,169 64,256 -1.7 5,214,790,413 6,588,225,129