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Insolvency Statistics in Canada—Fourth Quarter of 2017
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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
- 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.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.
- 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.
- Consumer:
- An individual with more than 50% of total liabilities related to consumer goods and services.
- Economic Region (ER):
- Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
- NAICS:
- North American Industry Classification System.
- 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.
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2017 | Q3 2017 | Q4 2016 | Q3 2017 to Q4 2017 | Q4 2016 to Q4 2017 | 12-31-2017 | 12-31-2016 | % Change | |
Newfoundland and Labrador | 658 | 599 | 577 | 9.8 | 14.0 | 2,515 | 2,427 | 3.6 |
Bankruptcies | 356 | 314 | 362 | 13.4 | -1.7 | 1,390 | 1,574 | -11.7 |
Proposals | 302 | 285 | 215 | 6.0 | 40.5 | 1,125 | 853 | 31.9 |
Prince Edward Island | 169 | 169 | 196 | 0.0 | -13.8 | 685 | 815 | -16.0 |
Bankruptcies | 90 | 100 | 125 | -10.0 | -28.0 | 397 | 507 | -21.7 |
Proposals | 79 | 69 | 71 | 14.5 | 11.3 | 288 | 308 | -6.5 |
Nova Scotia | 1,332 | 1,496 | 1,465 | -11.0 | -9.1 | 5,773 | 6,023 | -4.2 |
Bankruptcies | 853 | 994 | 1,035 | -14.2 | -17.6 | 3,850 | 4,254 | -9.5 |
Proposals | 479 | 502 | 430 | -4.6 | 11.4 | 1,923 | 1,769 | 8.7 |
New Brunswick | 1,104 | 1,126 | 1,165 | -2.0 | -5.2 | 4,418 | 4,501 | -1.8 |
Bankruptcies | 582 | 632 | 741 | -7.9 | -21.5 | 2,500 | 2,949 | -15.2 |
Proposals | 522 | 494 | 424 | 5.7 | 23.1 | 1,918 | 1,552 | 23.6 |
Quebec | 10,861 | 10,311 | 10,811 | 5.3 | 0.5 | 43,731 | 45,206 | -3.3 |
Bankruptcies | 5,874 | 5,823 | 6,271 | 0.9 | -6.3 | 24,210 | 25,901 | -6.5 |
Proposals | 4,987 | 4,488 | 4,540 | 11.1 | 9.8 | 19,521 | 19,305 | 1.1 |
Ontario | 9,480 | 9,397 | 9,660 | 0.9 | -1.9 | 39,045 | 40,551 | -3.7 |
Bankruptcies | 3,881 | 3,783 | 4,186 | 2.6 | -7.3 | 15,968 | 17,595 | -9.2 |
Proposals | 5,599 | 5,614 | 5,474 | -0.3 | 2.3 | 23,077 | 22,956 | 0.5 |
Manitoba | 713 | 644 | 674 | 10.7 | 5.8 | 2,643 | 2,659 | -0.6 |
Bankruptcies | 403 | 345 | 371 | 16.8 | 8.6 | 1,408 | 1,482 | -5.0 |
Proposals | 310 | 299 | 303 | 3.7 | 2.3 | 1,235 | 1,177 | 4.9 |
Saskatchewan | 818 | 823 | 780 | -0.6 | 4.9 | 3,258 | 3,077 | 5.9 |
Bankruptcies | 383 | 332 | 376 | 15.4 | 1.9 | 1,472 | 1,512 | -2.6 |
Proposals | 435 | 491 | 404 | -11.4 | 7.7 | 1,786 | 1,565 | 14.1 |
Alberta | 3,334 | 3,331 | 3,267 | 0.1 | 2.1 | 13,481 | 13,338 | 1.1 |
Bankruptcies | 1,238 | 1,210 | 1,350 | 2.3 | -8.3 | 5,139 | 5,548 | -7.4 |
Proposals | 2,096 | 2,121 | 1,917 | -1.2 | 9.3 | 8,342 | 7,790 | 7.1 |
British Columbia | 2,446 | 2,397 | 2,444 | 2.0 | 0.1 | 10,136 | 11,005 | -7.9 |
Bankruptcies | 958 | 961 | 1,056 | -0.3 | -9.3 | 4,263 | 4,868 | -12.4 |
Proposals | 1,488 | 1,436 | 1,388 | 3.6 | 7.2 | 5,873 | 6,137 | -4.3 |
Northwest Territories | 30 | 24 | 17 | 25.0 | 76.5 | 81 | 60 | 35.0 |
Bankruptcies | 21 | 18 | 12 | 16.7 | 75.0 | 52 | 35 | 48.6 |
Proposals | 9 | 6 | 5 | 50.0 | 80.0 | 29 | 25 | 16.0 |
Yukon | 13 | 8 | 9 | 62.5 | 44.4 | 37 | 55 | -32.7 |
Bankruptcies | 5 | 3 | 3 | 66.7 | 66.7 | 18 | 27 | -33.3 |
Proposals | 8 | 5 | 6 | 60.0 | 33.3 | 19 | 28 | -32.1 |
Nunavut | 4 | 0 | 2 | n/a | 100.0 | 4 | 10 | -60.0 |
Bankruptcies | 2 | 0 | 0 | n/a | n/a | 2 | 4 | -50.0 |
Proposals | 2 | 0 | 2 | n/a | 0.0 | 2 | 6 | -66.7 |
Canada | 30,962 | 30,325 | 31,067 | 2.1 | -0.3 | 125,807 | 129,727 | -3.0 |
Bankruptcies | 14,646 | 14,515 | 15,888 | 0.9 | -7.8 | 60,669 | 66,256 | -8.4 |
Proposals | 16,316 | 15,810 | 15,179 | 3.2 | 7.5 | 65,138 | 63,471 | 2.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2017 | Q3 2017 | Q4 2016 | Q3 2017 to Q4 2017 | Q4 2016 to Q4 2017 | 12-31-2017 | 12-31-2016 | % Change | |
Newfoundland and Labrador | 648 | 592 | 567 | 9.5 | 14.3 | 2,479 | 2,399 | 3.3 |
Bankruptcies | 351 | 308 | 353 | 14.0 | -0.6 | 1,367 | 1,552 | -11.9 |
Proposals | 297 | 284 | 214 | 4.6 | 38.8 | 1,112 | 847 | 31.3 |
Prince Edward Island | 169 | 167 | 195 | 1.2 | -13.3 | 673 | 802 | -16.1 |
Bankruptcies | 90 | 98 | 125 | -8.2 | -28.0 | 387 | 500 | -22.6 |
Proposals | 79 | 69 | 70 | 14.5 | 12.9 | 286 | 302 | -5.3 |
Nova Scotia | 1,322 | 1,479 | 1,447 | -10.6 | -8.6 | 5,724 | 5,948 | -3.8 |
Bankruptcies | 845 | 980 | 1,022 | -13.8 | -17.3 | 3,807 | 4,191 | -9.2 |
Proposals | 477 | 499 | 425 | -4.4 | 12.2 | 1,917 | 1,757 | 9.1 |
New Brunswick | 1,084 | 1,120 | 1,152 | -3.2 | -5.9 | 4,361 | 4,442 | -1.8 |
Bankruptcies | 571 | 626 | 730 | -8.8 | -21.8 | 2,457 | 2,904 | -15.4 |
Proposals | 513 | 494 | 422 | 3.8 | 21.6 | 1,904 | 1,538 | 23.8 |
Quebec | 10,330 | 9,871 | 10,285 | 4.6 | 0.4 | 41,670 | 43,009 | -3.1 |
Bankruptcies | 5,473 | 5,495 | 5,871 | -0.4 | -6.8 | 22,647 | 24,241 | -6.6 |
Proposals | 4,857 | 4,376 | 4,414 | 11.0 | 10.0 | 19,023 | 18,768 | 1.4 |
Ontario | 9,251 | 9,182 | 9,435 | 0.8 | -2.0 | 38,167 | 39,611 | -3.6 |
Bankruptcies | 3,721 | 3,626 | 4,023 | 2.6 | -7.5 | 15,336 | 16,904 | -9.3 |
Proposals | 5,530 | 5,556 | 5,412 | -0.5 | 2.2 | 22,831 | 22,707 | 0.5 |
Manitoba | 703 | 637 | 660 | 10.4 | 6.5 | 2,604 | 2,607 | -0.1 |
Bankruptcies | 395 | 341 | 364 | 15.8 | 8.5 | 1,375 | 1,448 | -5.0 |
Proposals | 308 | 296 | 296 | 4.1 | 4.1 | 1,229 | 1,159 | 6.0 |
Saskatchewan | 775 | 801 | 752 | -3.2 | 3.1 | 3,122 | 2,960 | 5.5 |
Bankruptcies | 347 | 314 | 354 | 10.5 | -2.0 | 1,368 | 1,421 | -3.7 |
Proposals | 428 | 487 | 398 | -12.1 | 7.5 | 1,754 | 1,539 | 14.0 |
Alberta | 3,282 | 3,283 | 3,204 | 0.0 | 2.4 | 13,286 | 13,170 | 0.9 |
Bankruptcies | 1,203 | 1,182 | 1,306 | 1.8 | -7.9 | 5,008 | 5,427 | -7.7 |
Proposals | 2,079 | 2,101 | 1,898 | -1.0 | 9.5 | 8,278 | 7,743 | 6.9 |
British Columbia | 2,414 | 2,371 | 2,398 | 1.8 | 0.7 | 9,991 | 10,806 | -7.5 |
Bankruptcies | 938 | 939 | 1,022 | -0.1 | -8.2 | 4,146 | 4,719 | -12.1 |
Proposals | 1,476 | 1,432 | 1,376 | 3.1 | 7.3 | 5,845 | 6,087 | -4.0 |
Northwest Territories | 30 | 24 | 17 | 25.0 | 76.5 | 80 | 60 | 33.3 |
Bankruptcies | 21 | 18 | 12 | 16.7 | 75.0 | 51 | 35 | 45.7 |
Proposals | 9 | 6 | 5 | 50.0 | 80.0 | 29 | 25 | 16.0 |
Yukon | 13 | 8 | 9 | 62.5 | 44.4 | 37 | 55 | -32.7 |
Bankruptcies | 5 | 3 | 3 | 66.7 | 66.7 | 18 | 27 | -33.3 |
Proposals | 8 | 5 | 6 | 60.0 | 33.3 | 19 | 28 | -32.1 |
Nunavut | 4 | 0 | 2 | n/a | 100.0 | 4 | 9 | -55.6 |
Bankruptcies | 2 | 0 | 0 | n/a | n/a | 2 | 3 | -33.3 |
Proposals | 2 | 0 | 2 | n/a | 0.0 | 2 | 6 | -66.7 |
Canada | 30,025 | 29,535 | 30,123 | 1.7 | -0.3 | 122,198 | 125,878 | -2.9 |
Bankruptcies | 13,962 | 13,930 | 15,185 | 0.2 | -8.1 | 57,969 | 63,372 | -8.5 |
Proposals | 16,063 | 15,605 | 14,938 | 2.9 | 7.5 | 64,229 | 62,506 | 2.8 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2017 | Q3 2017 | Q4 2016 | Q3 2017 to Q4 2017 | Q4 2016 to Q4 2017 | 12-31-2017 | 12-31-2016 | % Change | |
Newfoundland and Labrador | 10 | 7 | 10 | 42.9 | 0.0 | 36 | 28 | 28.6 |
Bankruptcies | 5 | 6 | 9 | -16.7 | -44.4 | 23 | 22 | 4.5 |
Proposals | 5 | 1 | 1 | 400.0 | 400.0 | 13 | 6 | 116.7 |
Prince Edward Island | 0 | 2 | 1 | -100.0 | -100.0 | 12 | 13 | -7.7 |
Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 10 | 7 | 42.9 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 2 | 6 | -66.7 |
Nova Scotia | 10 | 17 | 18 | -41.2 | -44.4 | 49 | 75 | -34.7 |
Bankruptcies | 8 | 14 | 13 | -42.9 | -38.5 | 43 | 63 | -31.7 |
Proposals | 2 | 3 | 5 | -33.3 | -60.0 | 6 | 12 | -50.0 |
New Brunswick | 20 | 6 | 13 | 233.3 | 53.8 | 57 | 59 | -3.4 |
Bankruptcies | 11 | 6 | 11 | 83.3 | 0.0 | 43 | 45 | -4.4 |
Proposals | 9 | 0 | 2 | n/a | 350.0 | 14 | 14 | 0.0 |
Quebec | 531 | 440 | 526 | 20.7 | 1.0 | 2,061 | 2,197 | -6.2 |
Bankruptcies | 401 | 328 | 400 | 22.3 | 0.2 | 1,563 | 1,660 | -5.8 |
Proposals | 130 | 112 | 126 | 16.1 | 3.2 | 498 | 537 | -7.3 |
Ontario | 229 | 215 | 225 | 6.5 | 1.8 | 878 | 940 | -6.6 |
Bankruptcies | 160 | 157 | 163 | 1.9 | -1.8 | 632 | 691 | -8.5 |
Proposals | 69 | 58 | 62 | 19.0 | 11.3 | 246 | 249 | -1.2 |
Manitoba | 10 | 7 | 14 | 42.9 | -28.6 | 39 | 52 | -25.0 |
Bankruptcies | 8 | 4 | 7 | 100.0 | 14.3 | 33 | 34 | -2.9 |
Proposals | 2 | 3 | 7 | -33.3 | -71.4 | 6 | 18 | -66.7 |
Saskatchewan | 43 | 22 | 28 | 95.5 | 53.6 | 136 | 117 | 16.2 |
Bankruptcies | 36 | 18 | 22 | 100.0 | 63.6 | 104 | 91 | 14.3 |
Proposals | 7 | 4 | 6 | 75.0 | 16.7 | 32 | 26 | 23.1 |
Alberta | 52 | 48 | 63 | 8.3 | -17.5 | 195 | 168 | 16.1 |
Bankruptcies | 35 | 28 | 44 | 25.0 | -20.5 | 131 | 121 | 8.3 |
Proposals | 17 | 20 | 19 | -15.0 | -10.5 | 64 | 47 | 36.2 |
British Columbia | 32 | 26 | 46 | 23.1 | -30.4 | 145 | 199 | -27.1 |
Bankruptcies | 20 | 22 | 34 | -9.1 | -41.2 | 117 | 149 | -21.5 |
Proposals | 12 | 4 | 12 | 200.0 | 0.0 | 28 | 50 | -44.0 |
Northwest Territories | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Yukon | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Nunavut | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Canada | 937 | 790 | 944 | 18.6 | -0.7 | 3,609 | 3,849 | -6.2 |
Bankruptcies | 684 | 585 | 703 | 16.9 | -2.7 | 2,700 | 2,884 | -6.4 |
Proposals | 253 | 205 | 241 | 23.4 | 5.0 | 909 | 965 | -5.8 |