Insolvency Statistics in Canada — 2021 (Tables 3, 3a and 3b)

Table 3: Insolvencies Filed by Businesses
- Volume 2021
2021 2020 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 12 10 20.0 23,924,766 54,937,568
Bankruptcies
11 10 10.0 23,924,766 54,937,568
Proposals
1 0 -- 0 0
Prince Edward Island 4 2 100.0 3,783,405 28,843,579
Bankruptcies
3 1 200.0 3,783,404 28,800,177
Proposals
1 1 0.0 1 43,402
Nova Scotia 17 19 -10.5 11,360,888 20,351,716
Bankruptcies
13 16 -18.8 10,591,922 16,106,244
Proposals
4 3 33.3 768,966 4,245,472
New Brunswick 12 24 -50.0 1,686,011 11,337,211
Bankruptcies
10 16 -37.5 1,686,010 7,980,365
Proposals
2 8 -75.0 1 3,356,846
Quebec 1,530 1,599 -4.3 219,685,153 1,637,304,875
Bankruptcies
1,260 1,258 0.2 191,556,965 1,328,307,739
Proposals
270 341 -20.8 28,128,188 308,997,136
Ontario 613 759 -19.2 244,636,067 1,887,780,886
Bankruptcies
447 536 -16.6 232,596,821 1,822,203,407
Proposals
166 223 -25.6 12,039,246 65,577,479
Manitoba 31 35 -11.4 27,281,585 59,163,211
Bankruptcies
25 28 -10.7 25,880,937 54,623,549
Proposals
6 7 -14.3 1,400,648 4,539,662
Saskatchewan 48 49 -2.0 3,480,099 74,064,390
Bankruptcies
36 40 -10.0 2,502,720 69,271,811
Proposals
12 9 33.3 977,379 4,792,579
Alberta 139 160 -13.1 34,920,569 278,240,434
Bankruptcies
88 122 -27.9 22,897,290 174,834,810
Proposals
51 38 34.2 12,023,279 103,405,624
British Columbia 74 128 -42.2 25,550,081 173,597,596
Bankruptcies
49 80 -38.8 15,344,099 135,374,993
Proposals
25 48 -47.9 10,205,982 38,222,603
Northwest Territories 0 0 -- 0 0
Bankruptcies
0 0 -- 0 0
Proposals
0 0 -- 0 0
Yukon 0 0 -- 0 0
Bankruptcies
0 0 -- 0 0
Proposals
0 0 -- 0 0
Nunavut 0 1 -100.0 0 0
Bankruptcies
0 1 -100.0 0 0
Proposals
0 0 -- 0 0
Canada 2,480 2,786 -11.0 596,308,624 4,225,621,466
Bankruptcies
1,942 2,108 -7.9 530,764,934 3,692,440,663
Proposals
538 678 -20.6 65,543,690 533,180,803
Table 3a: Insolvencies Filed by Corporations
- Volume 2021
2021 2020 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 5 3 66.7 23,823,596 53,849,710
Bankruptcies 4 3 33.3 23,823,596 53,849,710
Proposals 1 0 -- 0 0
Prince Edward Island 1 1 0.0 3,766,551 28,532,187
Bankruptcies 1 0 -- 3,766,551 28,532,187
Proposals 0 1 -100.0 0 0
Nova Scotia 6 11 -45.5 10,206,337 18,075,089
Bankruptcies 5 9 -44.4 10,206,337 14,407,017
Proposals 1 2 -50.0 0 3,668,072
New Brunswick 9 14 -35.7 1,604,147 10,711,372
Bankruptcies 7 12 -41.7 1,604,146 7,354,526
Proposals 2 2 0.0 1 3,356,846
Quebec 1,338 1,414 -5.4 207,851,926 1,584,672,066
Bankruptcies 1,147 1,138 0.8 187,741,421 1,297,980,705
Proposals 191 276 -30.8 20,110,505 286,691,361
Ontario 435 490 -11.2 232,350,120 1,825,593,910
Bankruptcies 349 381 -8.4 228,014,538 1,777,082,751
Proposals 86 109 -21.1 4,335,582 48,511,159
Manitoba 13 14 -7.1 25,315,890 47,866,670
Bankruptcies 10 9 11.1 23,952,239 44,062,785
Proposals 3 5 -40.0 1,363,651 3,803,885
Saskatchewan 15 13 15.4 330,506 63,798,962
Bankruptcies 12 11 9.1 330,504 60,992,259
Proposals 3 2 50.0 2 2,806,703
Alberta 81 96 -15.6 29,788,854 243,018,160
Bankruptcies 57 76 -25.0 19,583,674 146,203,219
Proposals 24 20 20.0 10,205,180 96,814,941
British Columbia 39 85 -54.1 22,853,974 163,193,878
Bankruptcies 28 54 -48.1 13,702,956 128,257,326
Proposals 11 31 -64.5 9,151,018 34,936,552
Northwest Territories 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Yukon 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Nunavut 0 1 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
Proposals 0 0 -- 0 0
Canada 1,942 2,142 -9.3 557,891,901 4,039,312,004
Bankruptcies 1,620 1,694 -4.4 512,725,962 3,558,722,485
Proposals 322 448 -28.1 45,165,939 480,589,519
Table 3b: Insolvencies Filed by Individual Businesses
- Volume 2021
2021 2020 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 7 7 0.0 101,170 1,087,858
Bankruptcies 7 7 0.0 101,170 1,087,858
Proposals 0 0 -- 0 0
Prince Edward Island 3 1 200.0 16,854 311,392
Bankruptcies 2 1 100.0 16,853 267,990
Proposals 1 0 -- 1 43,402
Nova Scotia 11 8 37.5 1,154,551 2,276,627
Bankruptcies 8 7 14.3 385,585 1,699,227
Proposals 3 1 200.0 768,966 577,400
New Brunswick 3 10 -70.0 81,864 625,839
Bankruptcies 3 4 -25.0 81,864 625,839
Proposals 0 6 -100.0 0 0
Quebec 192 185 3.8 11,833,227 52,632,809
Bankruptcies 113 120 -5.8 3,815,544 30,327,034
Proposals 79 65 21.5 8,017,683 22,305,775
Ontario 178 269 -33.8 12,285,947 62,186,976
Bankruptcies 98 155 -36.8 4,582,283 45,120,656
Proposals 80 114 -29.8 7,703,664 17,066,320
Manitoba 18 21 -14.3 1,965,695 11,296,541
Bankruptcies 15 19 -21.1 1,928,698 10,560,764
Proposals 3 2 50.0 36,997 735,777
Saskatchewan 33 36 -8.3 3,149,593 10,265,428
Bankruptcies 24 29 -17.2 2,172,216 8,279,552
Proposals 9 7 28.6 977,377 1,985,876
Alberta 58 64 -9.4 5,131,715 35,222,274
Bankruptcies 31 46 -32.6 3,313,616 28,631,591
Proposals 27 18 50.0 1,818,099 6,590,683
British Columbia 35 43 -18.6 2,696,107 10,403,718
Bankruptcies 21 26 -19.2 1,641,143 7,117,667
Proposals 14 17 -17.6 1,054,964 3,286,051
Northwest Territories 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Yukon 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Nunavut 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Canada 538 644 -16.5 38,416,723 186,309,462
Bankruptcies 322 414 -22.2 18,038,972 133,718,178
Proposals 216 230 -6.1 20,377,751 52,591,284