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Insolvency Statistics in Canada
First Quarter of 2015
254 KB, 28 pages
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
- Table 5: Insolvencies Filed by Consumers by Economic Region (ER)
- Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
- Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
- Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)
Glossary
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
- NAICS:
- North American Industry Classification System.
- Census Metropolitan Area (CMA):
- Each area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.
- Economic Region (ER):
- Standard geographical units created for analysis of regionaleconomic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
| province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Q1 2015 | Q4 2014 | Q1 2014 | Q4 2014 to Q1 2015 | Q1 2014 to Q1 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Newfoundland and Labrador | 398 | 374 | 387 | 6.4 | 2.8 | 1,586 | 1,660 | -4.5 |
| Bankruptcies | 334 | 312 | 347 | 7.1 | -3.7 | 1,362 | 1,486 | -8.3 |
| Proposals | 64 | 62 | 40 | 3.2 | 60.0 | 224 | 174 | 28.7 |
| Prince Edward Island | 183 | 167 | 175 | 9.6 | 4.6 | 747 | 681 | 9.7 |
| Bankruptcies | 121 | 106 | 117 | 14.2 | 3.4 | 519 | 469 | 10.7 |
| Proposals | 62 | 61 | 58 | 1.6 | 6.9 | 228 | 212 | 7.5 |
| Nova Scotia | 1,227 | 1,302 | 1,138 | -5.8 | 7.8 | 5,393 | 4,863 | 10.9 |
| Bankruptcies | 812 | 956 | 767 | -15.1 | 5.9 | 3,823 | 3,400 | 12.4 |
| Proposals | 415 | 346 | 371 | 19.9 | 11.9 | 1,570 | 1,463 | 7.3 |
| New Brunswick | 956 | 1,107 | 960 | -13.6 | -0.4 | 4,391 | 4,091 | 7.3 |
| Bankruptcies | 631 | 786 | 665 | -19.7 | -5.1 | 3,055 | 2,907 | 5.1 |
| Proposals | 325 | 321 | 295 | 1.2 | 10.2 | 1,336 | 1,184 | 12.8 |
| Quebec | 11,751 | 11,210 | 10,836 | 4.8 | 8.4 | 44,806 | 42,648 | 5.1 |
| Bankruptcies | 6,370 | 6,546 | 6,412 | -2.7 | -0.7 | 26,095 | 26,693 | -2.2 |
| Proposals | 5,381 | 4,664 | 4,424 | 15.4 | 21.6 | 18,711 | 15,955 | 17.3 |
| Ontario | 10,176 | 10,274 | 10,493 | -1.0 | -3.0 | 41,881 | 44,811 | -6.5 |
| Bankruptcies | 4,554 | 4,999 | 4,843 | -8.9 | -6.0 | 19,780 | 22,284 | -11.2 |
| Proposals | 5,622 | 5,275 | 5,650 | 6.6 | -0.5 | 22,101 | 22,527 | -1.9 |
| Manitoba | 502 | 510 | 411 | -1.6 | 22.1 | 2,039 | 1,916 | 6.4 |
| Bankruptcies | 293 | 336 | 258 | -12.8 | 13.6 | 1,283 | 1,254 | 2.3 |
| Proposals | 209 | 174 | 153 | 20.1 | 36.6 | 756 | 662 | 14.2 |
| Saskatchewan | 526 | 482 | 521 | 9.1 | 1.0 | 2,067 | 1,906 | 8.4 |
| Bankruptcies | 264 | 269 | 316 | -1.9 | -16.5 | 1,130 | 1,159 | -2.5 |
| Proposals | 262 | 213 | 205 | 23.0 | 27.8 | 937 | 747 | 25.4 |
| Alberta | 2,254 | 2,047 | 2,082 | 10.1 | 8.3 | 8,594 | 8,296 | 3.6 |
| Bankruptcies | 1,017 | 926 | 1,027 | 9.8 | -1.0 | 3,954 | 4,530 | -12.7 |
| Proposals | 1,237 | 1,121 | 1,055 | 10.3 | 17.3 | 4,640 | 3,766 | 23.2 |
| British Columbia | 2,953 | 2,805 | 2,801 | 5.3 | 5.4 | 11,791 | 11,949 | -1.3 |
| Bankruptcies | 1,535 | 1,474 | 1,644 | 4.1 | -6.6 | 6,436 | 7,138 | -9.8 |
| Proposals | 1,418 | 1,331 | 1,157 | 6.5 | 22.6 | 5,355 | 4,811 | 11.3 |
| Northwest Territories | 8 | 16 | 14 | -50.0 | -42.9 | 43 | 56 | -23.2 |
| Bankruptcies | 4 | 10 | 7 | -60.0 | -42.9 | 23 | 33 | -30.3 |
| Proposals | 4 | 6 | 7 | -33.3 | -42.9 | 20 | 23 | -13.0 |
| Yukon | 11 | 9 | 9 | 22.2 | 22.2 | 42 | 33 | 27.3 |
| Bankruptcies | 7 | 2 | 7 | 250.0 | 0.0 | 22 | 25 | -12.0 |
| Proposals | 4 | 7 | 2 | -42.9 | 100.0 | 20 | 8 | 150.0 |
| Nunavut | 1 | 3 | 3 | -66.7 | -66.7 | 5 | 7 | -28.6 |
| Bankruptcies | 0 | 3 | 2 | -100.0 | -100.0 | 3 | 4 | -25.0 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 3 | -33.3 |
| Canada | 30,946 | 30,306 | 29,830 | 2.1 | 3.7 | 123,385 | 122,917 | 0.4 |
| Bankruptcies | 15,942 | 16,725 | 16,412 | -4.7 | -2.9 | 67,485 | 71,382 | -5.5 |
| Proposals | 15,004 | 13,581 | 13,418 | 10.5 | 11.8 | 55,900 | 51,535 | 8.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Q1 2015 | Q4 2014 | Q1 2014 | Q4 2014 to Q1 2015 | Q1 2014 to Q1 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Newfoundland and Labrador | 392 | 362 | 378 | 8.3 | 3.7 | 1,559 | 1,625 | -4.1 |
| Bankruptcies | 330 | 300 | 340 | 10.0 | -2.9 | 1,338 | 1,462 | -8.5 |
| Proposals | 62 | 62 | 38 | 0.0 | 63.2 | 221 | 163 | 35.6 |
| Prince Edward Island | 179 | 163 | 172 | 9.8 | 4.1 | 728 | 661 | 10.1 |
| Bankruptcies | 119 | 102 | 116 | 16.7 | 2.6 | 505 | 456 | 10.7 |
| Proposals | 60 | 61 | 56 | -1.6 | 7.1 | 223 | 205 | 8.8 |
| Nova Scotia | 1,208 | 1,284 | 1,121 | -5.9 | 7.8 | 5,314 | 4,764 | 11.5 |
| Bankruptcies | 803 | 942 | 759 | -14.8 | 5.8 | 3,770 | 3,331 | 13.2 |
| Proposals | 405 | 342 | 362 | 18.4 | 11.9 | 1,544 | 1,433 | 7.7 |
| New Brunswick | 933 | 1,081 | 934 | -13.7 | -0.1 | 4,307 | 3,998 | 7.7 |
| Bankruptcies | 619 | 766 | 645 | -19.2 | -4.0 | 2,995 | 2,834 | 5.7 |
| Proposals | 314 | 315 | 289 | -0.3 | 8.7 | 1,312 | 1,164 | 12.7 |
| Quebec | 11,129 | 10,555 | 10,271 | 5.4 | 8.4 | 42,412 | 40,448 | 4.9 |
| Bankruptcies | 5,904 | 6,107 | 5,983 | -3.3 | -1.3 | 24,368 | 25,070 | -2.8 |
| Proposals | 5,225 | 4,448 | 4,288 | 17.5 | 21.9 | 18,044 | 15,378 | 17.3 |
| Ontario | 9,865 | 9,981 | 10,219 | -1.2 | -3.5 | 40,754 | 43,619 | -6.6 |
| Bankruptcies | 4,315 | 4,774 | 4,650 | -9.6 | -7.2 | 18,899 | 21,369 | -11.6 |
| Proposals | 5,550 | 5,207 | 5,569 | 6.6 | -0.3 | 21,855 | 22,250 | -1.8 |
| Manitoba | 496 | 497 | 395 | -0.2 | 25.6 | 1,992 | 1,848 | 7.8 |
| Bankruptcies | 290 | 325 | 243 | -10.8 | 19.3 | 1,247 | 1,198 | 4.1 |
| Proposals | 206 | 172 | 152 | 19.8 | 35.5 | 745 | 650 | 14.6 |
| Saskatchewan | 505 | 462 | 475 | 9.3 | 6.3 | 1,968 | 1,779 | 10.6 |
| Bankruptcies | 251 | 254 | 286 | -1.2 | -12.2 | 1,070 | 1,081 | -1.0 |
| Proposals | 254 | 208 | 189 | 22.1 | 34.4 | 898 | 698 | 28.7 |
| Alberta | 2,224 | 2,008 | 2,048 | 10.8 | 8.6 | 8,457 | 8,123 | 4.1 |
| Bankruptcies | 997 | 893 | 1,003 | 11.6 | -0.6 | 3,853 | 4,405 | -12.5 |
| Proposals | 1,227 | 1,115 | 1,045 | 10.0 | 17.4 | 4,604 | 3,718 | 23.8 |
| British Columbia | 2,907 | 2,755 | 2,731 | 5.5 | 6.4 | 11,559 | 11,700 | -1.2 |
| Bankruptcies | 1,508 | 1,434 | 1,596 | 5.2 | -5.5 | 6,257 | 6,958 | -10.1 |
| Proposals | 1,399 | 1,321 | 1,135 | 5.9 | 23.3 | 5,302 | 4,742 | 11.8 |
| Northwest Territories | 8 | 16 | 14 | -50.0 | -42.9 | 43 | 56 | -23.2 |
| Bankruptcies | 4 | 10 | 7 | -60.0 | -42.9 | 23 | 33 | -30.3 |
| Proposals | 4 | 6 | 7 | -33.3 | -42.9 | 20 | 23 | -13.0 |
| Yukon | 11 | 8 | 9 | 37.5 | 22.2 | 41 | 33 | 24.2 |
| Bankruptcies | 7 | 2 | 7 | 250.0 | 0.0 | 22 | 25 | -12.0 |
| Proposals | 4 | 6 | 2 | -33.3 | 100.0 | 19 | 8 | 137.5 |
| Nunavut | 1 | 2 | 3 | -50.0 | -66.7 | 4 | 7 | -42.9 |
| Bankruptcies | 0 | 2 | 2 | -100.0 | -100.0 | 2 | 4 | -50.0 |
| Proposals | 1 | 0 | 1 | -- | 0.0 | 2 | 3 | -33.3 |
| Canada | 29,858 | 29,174 | 28,770 | 2.3 | 3.8 | 119,138 | 118,661 | 0.4 |
| Bankruptcies | 15,147 | 15,911 | 15,637 | -4.8 | -3.1 | 64,349 | 68,226 | -5.7 |
| Proposals | 14,711 | 13,263 | 13,133 | 10.9 | 12.0 | 54,789 | 50,435 | 8.6 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Q1 2015 | Q4 2014 | Q1 2014 | Q4 2014 to Q1 2015 | Q1 2014 to Q1 2015 | 03-31-2015 | 03-31-2014 | % Change | |
| Newfoundland and Labrador | 6 | 12 | 9 | -50.0 | -33.3 | 27 | 35 | -22.9 |
| Bankruptcies | 4 | 12 | 7 | -66.7 | -42.9 | 24 | 24 | 0.0 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 3 | 11 | -72.7 |
| Prince Edward Island | 4 | 4 | 3 | 0.0 | 33.3 | 19 | 20 | -5.0 |
| Bankruptcies | 2 | 4 | 1 | -50.0 | 100.0 | 14 | 13 | 7.7 |
| Proposals | 2 | 0 | 2 | -- | 0.0 | 5 | 7 | -28.6 |
| Nova Scotia | 19 | 18 | 17 | 5.6 | 11.8 | 79 | 99 | -20.2 |
| Bankruptcies | 9 | 14 | 8 | -35.7 | 12.5 | 53 | 69 | -23.2 |
| Proposals | 10 | 4 | 9 | 150.0 | 11.1 | 26 | 30 | -13.3 |
| New Brunswick | 23 | 26 | 26 | -11.5 | -11.5 | 84 | 93 | -9.7 |
| Bankruptcies | 12 | 20 | 20 | -40.0 | -40.0 | 60 | 73 | -17.8 |
| Proposals | 11 | 6 | 6 | 83.3 | 83.3 | 24 | 20 | 20.0 |
| Quebec | 622 | 655 | 565 | -5.0 | 10.1 | 2,394 | 2,200 | 8.8 |
| Bankruptcies | 466 | 439 | 429 | 6.2 | 8.6 | 1,727 | 1,623 | 6.4 |
| Proposals | 156 | 216 | 136 | -27.8 | 14.7 | 667 | 577 | 15.6 |
| Ontario | 311 | 293 | 274 | 6.1 | 13.5 | 1,127 | 1,192 | -5.5 |
| Bankruptcies | 239 | 225 | 193 | 6.2 | 23.8 | 881 | 915 | -3.7 |
| Proposals | 72 | 68 | 81 | 5.9 | -11.1 | 246 | 277 | -11.2 |
| Manitoba | 6 | 13 | 16 | -53.8 | -62.5 | 47 | 68 | -30.9 |
| Bankruptcies | 3 | 11 | 15 | -72.7 | -80.0 | 36 | 56 | -35.7 |
| Proposals | 3 | 2 | 1 | 50.0 | 200.0 | 11 | 12 | -8.3 |
| Saskatchewan | 21 | 20 | 46 | 5.0 | -54.3 | 99 | 127 | -22.0 |
| Bankruptcies | 13 | 15 | 30 | -13.3 | -56.7 | 60 | 78 | -23.1 |
| Proposals | 8 | 5 | 16 | 60.0 | -50.0 | 39 | 49 | -20.4 |
| Alberta | 30 | 39 | 34 | -23.1 | -11.8 | 137 | 173 | -20.8 |
| Bankruptcies | 20 | 33 | 24 | -39.4 | -16.7 | 101 | 125 | -19.2 |
| Proposals | 10 | 6 | 10 | 66.7 | 0.0 | 36 | 48 | -25.0 |
| British Columbia | 46 | 50 | 70 | -8.0 | -34.3 | 232 | 249 | -6.8 |
| Bankruptcies | 27 | 40 | 48 | -32.5 | -43.8 | 179 | 180 | -0.6 |
| Proposals | 19 | 10 | 22 | 90.0 | -13.6 | 53 | 69 | -23.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Nunavut | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 1,088 | 1,132 | 1,060 | -3.9 | 2.6 | 4,247 | 4,256 | -0.2 |
| Bankruptcies | 795 | 814 | 775 | -2.3 | 2.6 | 3,136 | 3,156 | -0.6 |
| Proposals | 293 | 318 | 285 | -7.9 | 2.8 | 1,111 | 1,100 | 1.0 |