Insolvency Statistics in Canada—Fourth Quarter of 2017

Tables

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.
Table 1: Total Insolvencies
provinceVolume% Change12-Month Period Ending
Q4 2017Q3 2017Q4 2016Q3 2017
to
Q4 2017
Q4 2016
to
Q4 2017
12-31-201712-31-2016% Change
Newfoundland and Labrador6585995779.814.02,5152,4273.6
Bankruptcies35631436213.4-1.71,3901,574-11.7
Proposals3022852156.040.51,12585331.9
Prince Edward Island1691691960.0-13.8685815-16.0
Bankruptcies90100125-10.0-28.0397507-21.7
Proposals79697114.511.3288308-6.5
Nova Scotia1,3321,4961,465-11.0-9.15,7736,023-4.2
Bankruptcies8539941,035-14.2-17.63,8504,254-9.5
Proposals479502430-4.611.41,9231,7698.7
New Brunswick1,1041,1261,165-2.0-5.24,4184,501-1.8
Bankruptcies582632741-7.9-21.52,5002,949-15.2
Proposals5224944245.723.11,9181,55223.6
Quebec10,86110,31110,8115.30.543,73145,206-3.3
Bankruptcies5,8745,8236,2710.9-6.324,21025,901-6.5
Proposals4,9874,4884,54011.19.819,52119,3051.1
Ontario9,4809,3979,6600.9-1.939,04540,551-3.7
Bankruptcies3,8813,7834,1862.6-7.315,96817,595-9.2
Proposals5,5995,6145,474-0.32.323,07722,9560.5
Manitoba71364467410.75.82,6432,659-0.6
Bankruptcies40334537116.88.61,4081,482-5.0
Proposals3102993033.72.31,2351,1774.9
Saskatchewan818823780-0.64.93,2583,0775.9
Bankruptcies38333237615.41.91,4721,512-2.6
Proposals435491404-11.47.71,7861,56514.1
Alberta3,3343,3313,2670.12.113,48113,3381.1
Bankruptcies1,2381,2101,3502.3-8.35,1395,548-7.4
Proposals2,0962,1211,917-1.29.38,3427,7907.1
British Columbia2,4462,3972,4442.00.110,13611,005-7.9
Bankruptcies9589611,056-0.3-9.34,2634,868-12.4
Proposals1,4881,4361,3883.67.25,8736,137-4.3
Northwest Territories30241725.076.5816035.0
Bankruptcies21181216.775.0523548.6
Proposals96550.080.0292516.0
Yukon138962.544.43755-32.7
Bankruptcies53366.766.71827-33.3
Proposals85660.033.31928-32.1
Nunavut402n/a100.0410-60.0
Bankruptcies200n/an/a24-50.0
Proposals202n/a0.026-66.7
Canada30,96230,32531,0672.1-0.3125,807129,727-3.0
Bankruptcies14,64614,51515,8880.9-7.860,66966,256-8.4
Proposals16,31615,81015,1793.27.565,13863,4712.6
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q4 2017Q3 2017Q4 2016Q3 2017
to
Q4 2017
Q4 2016
to
Q4 2017
12-31-201712-31-2016% Change
Newfoundland and Labrador6485925679.514.32,4792,3993.3
Bankruptcies35130835314.0-0.61,3671,552-11.9
Proposals2972842144.638.81,11284731.3
Prince Edward Island1691671951.2-13.3673802-16.1
Bankruptcies9098125-8.2-28.0387500-22.6
Proposals79697014.512.9286302-5.3
Nova Scotia1,3221,4791,447-10.6-8.65,7245,948-3.8
Bankruptcies8459801,022-13.8-17.33,8074,191-9.2
Proposals477499425-4.412.21,9171,7579.1
New Brunswick1,0841,1201,152-3.2-5.94,3614,442-1.8
Bankruptcies571626730-8.8-21.82,4572,904-15.4
Proposals5134944223.821.61,9041,53823.8
Quebec10,3309,87110,2854.60.441,67043,009-3.1
Bankruptcies5,4735,4955,871-0.4-6.822,64724,241-6.6
Proposals4,8574,3764,41411.010.019,02318,7681.4
Ontario9,2519,1829,4350.8-2.038,16739,611-3.6
Bankruptcies3,7213,6264,0232.6-7.515,33616,904-9.3
Proposals5,5305,5565,412-0.52.222,83122,7070.5
Manitoba70363766010.46.52,6042,607-0.1
Bankruptcies39534136415.88.51,3751,448-5.0
Proposals3082962964.14.11,2291,1596.0
Saskatchewan775801752-3.23.13,1222,9605.5
Bankruptcies34731435410.5-2.01,3681,421-3.7
Proposals428487398-12.17.51,7541,53914.0
Alberta3,2823,2833,2040.02.413,28613,1700.9
Bankruptcies1,2031,1821,3061.8-7.95,0085,427-7.7
Proposals2,0792,1011,898-1.09.58,2787,7436.9
British Columbia2,4142,3712,3981.80.79,99110,806-7.5
Bankruptcies9389391,022-0.1-8.24,1464,719-12.1
Proposals1,4761,4321,3763.17.35,8456,087-4.0
Northwest Territories30241725.076.5806033.3
Bankruptcies21181216.775.0513545.7
Proposals96550.080.0292516.0
Yukon138962.544.43755-32.7
Bankruptcies53366.766.71827-33.3
Proposals85660.033.31928-32.1
Nunavut402n/a100.049-55.6
Bankruptcies200n/an/a23-33.3
Proposals202n/a0.026-66.7
Canada30,02529,53530,1231.7-0.3122,198125,878-2.9
Bankruptcies13,96213,93015,1850.2-8.157,96963,372-8.5
Proposals16,06315,60514,9382.97.564,22962,5062.8
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q4 2017Q3 2017Q4 2016Q3 2017
to
Q4 2017
Q4 2016
to
Q4 2017
12-31-201712-31-2016% Change
Newfoundland and Labrador1071042.90.0362828.6
Bankruptcies569-16.7-44.423224.5
Proposals511400.0400.0136116.7
Prince Edward Island021-100.0-100.01213-7.7
Bankruptcies020-100.0n/a10742.9
Proposals001n/a-100.026-66.7
Nova Scotia101718-41.2-44.44975-34.7
Bankruptcies81413-42.9-38.54363-31.7
Proposals235-33.3-60.0612-50.0
New Brunswick20613233.353.85759-3.4
Bankruptcies1161183.30.04345-4.4
Proposals902n/a350.014140.0
Quebec53144052620.71.02,0612,197-6.2
Bankruptcies40132840022.30.21,5631,660-5.8
Proposals13011212616.13.2498537-7.3
Ontario2292152256.51.8878940-6.6
Bankruptcies1601571631.9-1.8632691-8.5
Proposals69586219.011.3246249-1.2
Manitoba1071442.9-28.63952-25.0
Bankruptcies847100.014.33334-2.9
Proposals237-33.3-71.4618-66.7
Saskatchewan43222895.553.613611716.2
Bankruptcies361822100.063.61049114.3
Proposals74675.016.7322623.1
Alberta5248638.3-17.519516816.1
Bankruptcies35284425.0-20.51311218.3
Proposals172019-15.0-10.5644736.2
British Columbia32264623.1-30.4145199-27.1
Bankruptcies202234-9.1-41.2117149-21.5
Proposals12412200.00.02850-44.0
Northwest Territories000n/an/a10n/a
Bankruptcies000n/an/a10n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a01-100.0
Bankruptcies000n/an/a01-100.0
Proposals000n/an/a00n/a
Canada93779094418.6-0.73,6093,849-6.2
Bankruptcies68458570316.9-2.72,7002,884-6.4
Proposals25320524123.45.0909965-5.8