Insolvency Statistics in Canada—Fourth Quarter 2013

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Tables

Definitions

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 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.
Economic Region (ER):
Standard geographic units created for analysis of regional economic activity (Statistics Canada's geographical definitions of ERs).
Census Metropolitan Area (CMA):
Each census metropolitan 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 (Statistics Canada's geographical definitions of CMAs).
Table 1: Total Insolvencies
ProvinceVolume% Change12-Month Period Ending
Q4 2013Q3 2013Q4 2012Q3 2013 to Q4 2013Q4 2012 to Q4 201312-31-201312-31-2012% Change
Newfoundland and Labrador378414402-8.7-6.01,7101,769-3.3
Bankruptcies332368376-9.8-11.71,5451,626-5.0
Proposals4646260.076.916514315.4
Prince Edward Island170188171-9.6-0.66406350.8
Bankruptcies114127136-10.2-16.2458485-5.6
Proposals566135-8.260.018215021.3
Nova Scotia1,1441,2781,043-10.59.74,7714,3888.7
Bankruptcies837864751-3.111.53,3793,3072.2
Proposals307414292-25.85.11,3921,08128.8
New Brunswick1,0151,077883-5.814.94,0373,9133.2
Bankruptcies713753660-5.38.02,9102,959-1.7
Proposals302324223-6.835.41,12795418.1
Quebec10,43010,2759,5691.59.042,12737,94411.0
Bankruptcies6,4286,6876,363-3.91.026,81225,8873.6
Proposals4,0023,5883,20611.524.815,31512,05727.0
Ontario10,96011,03111,755-0.6-6.845,35448,742-7.0
Bankruptcies5,6095,5535,9511.0-5.722,73124,278-6.4
Proposals5,3515,4785,804-2.3-7.822,62324,464-7.5
Manitoba5004914691.86.61,9191,926-0.4
Bankruptcies3403163247.64.91,2691,312-3.3
Proposals160175145-8.610.36506145.9
Saskatchewan438468385-6.413.81,8051,860-3.0
Bankruptcies262300221-12.718.61,1061,0802.4
Proposals1761681644.87.3699780-10.4
Alberta1,9162,0172,221-5.0-13.78,4529,514-11.2
Bankruptcies1,0271,1681,304-12.1-21.24,8265,989-19.4
Proposals8898499174.7-3.13,6263,5252.9
British Columbia2,9352,9182,7720.65.912,05711,9640.8
Bankruptcies1,7951,7151,7864.70.57,3197,754-5.6
Proposals1,1401,203986-5.215.64,7384,21012.5
Northwest Territories18131838.50.05154-5.6
Bankruptcies1191122.20.031296.9
Proposals74775.00.02025-20.0
Yukon11415175.0-26.73138-18.4
Bankruptcies8310166.7-20.02224-8.3
Proposals315200.0-40.0914-35.7
Nunavut211100.0100.05425.0
Bankruptcies1100.0--31200.0
Proposals101--0.023-33.3
Canada29,91730,17529,704-0.90.7122,959122,7510.2
Bankruptcies17,47717,86417,893-2.2-2.372,41174,731-3.1
Proposals12,44012,31111,8111.05.350,54848,0205.3
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q4 2013Q3 2013Q4 2012Q3 2013 to Q4 2013Q4 2012 to Q4 201312-31-201312-31-2012% Change
Newfoundland and Labrador372402399-7.5-6.81,6781,750-4.1
Bankruptcies326364373-10.4-12.61,5241,611-5.4
Proposals46382621.176.915413910.8
Prince Edward Island164180170-8.9-3.5617618-0.2
Bankruptcies109121135-9.9-19.3440472-6.8
Proposals555935-6.857.117714621.2
Nova Scotia1,1171,2511,009-10.710.74,6604,2828.8
Bankruptcies819842724-2.713.13,2953,2212.3
Proposals298409285-27.14.61,3651,06128.7
New Brunswick9881,059866-6.714.13,9553,8432.9
Bankruptcies690740645-6.87.02,8462,906-2.1
Proposals298319221-6.634.81,10993718.4
Quebec9,8669,7689,0811.08.639,94735,92511.2
Bankruptcies6,0146,3056,002-4.60.225,22124,3993.4
Proposals3,8523,4633,07911.225.114,72611,52627.8
Ontario10,65810,75411,432-0.9-6.844,13447,381-6.9
Bankruptcies5,3725,3235,6960.9-5.721,77323,236-6.3
Proposals5,2865,4315,736-2.7-7.822,36124,145-7.4
Manitoba4824694542.86.21,8521,877-1.3
Bankruptcies3272983129.74.81,2141,276-4.9
Proposals155171142-9.49.26386016.2
Saskatchewan415442364-6.114.01,6901,731-2.4
Bankruptcies251284210-11.619.51,0381,0013.7
Proposals1641581543.86.5652730-10.7
Alberta1,8611,9792,145-6.0-13.28,2589,202-10.3
Bankruptcies9901,1391,255-13.1-21.14,6895,759-18.6
Proposals8718408903.7-2.13,5693,4433.7
British Columbia2,8762,8672,7060.36.311,80211,6960.9
Bankruptcies1,7521,6781,7444.40.57,1307,562-5.7
Proposals1,1241,189962-5.516.84,6724,13413.0
Northwest Territories18131838.50.05153-3.8
Bankruptcies1191122.20.031296.9
Proposals74775.00.02024-16.7
Yukon11415175.0-26.72937-21.6
Bankruptcies8310166.7-20.02023-13.0
Proposals315200.0-40.0914-35.7
Nunavut211100.0100.05366.7
Bankruptcies1100.0--30--
Proposals101--0.023-33.3
Canada28,83029,18928,660-1.20.6118,678118,3980.2
Bankruptcies16,67017,10717,117-2.6-2.669,22471,495-3.2
Proposals12,16012,08211,5430.65.349,45446,9035.4
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q4 2013Q3 2013Q4 2012Q3 2013 to Q4 2013Q4 2012 to Q4 201312-31-201312-31-2012% Change
Newfoundland and Labrador6123-50.0100.0321968.4
Bankruptcies64350.0100.0211540.0
Proposals080-100.0--114175.0
Prince Edward Island681-25.0500.0231735.3
Bankruptcies561-16.7400.0181338.5
Proposals120-50.0--5425.0
Nova Scotia2727340.0-20.61111064.7
Bankruptcies182227-18.2-33.38486-2.3
Proposals95780.028.6272035.0
New Brunswick27181750.058.8827017.1
Bankruptcies23131576.953.3645320.8
Proposals452-20.0100.018175.9
Quebec56450748811.215.62,1802,0198.0
Bankruptcies4143823618.414.71,5911,4886.9
Proposals15012512720.018.158953110.9
Ontario3022773239.0-6.51,2201,361-10.4
Bankruptcies2372302553.0-7.19581,042-8.1
Proposals65476838.3-4.4262319-17.9
Manitoba182215-18.220.0674936.7
Bankruptcies131812-27.88.3553652.8
Proposals54325.066.71213-7.7
Saskatchewan232621-11.59.5115129-10.9
Bankruptcies111611-31.30.06879-13.9
Proposals12101020.020.04750-6.0
Alberta55387644.7-27.6194312-37.8
Bankruptcies37294927.6-24.5137230-40.4
Proposals18927100.0-33.35782-30.5
British Columbia59516615.7-10.6255268-4.9
Bankruptcies43374216.22.4189192-1.6
Proposals16142414.3-33.36676-13.2
Northwest Territories000----01-100.0
Bankruptcies000----00--
Proposals000----01-100.0
Yukon000----21100.0
Bankruptcies000----21100.0
Proposals000----00--
Nunavut000----01-100.0
Bankruptcies000----01-100.0
Proposals000----00--
Canada1,0879861,04410.24.14,2814,353-1.7
Bankruptcies8077577766.64.03,1873,236-1.5
Proposals28022926822.34.51,0941,117-2.1