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Insolvency Statistics in Canada
Third Quarter of 2016
1.1 MB, 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.
- Proposition:
- 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 regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2016 | Q2 2016 | Q3 2015 | Q2 2016 to Q3 2016 | Q3 2015 to Q3 2016 | 09-30-2016 | 09-30-2015 | % Change | |
Newfoundland and Labrador | 601 | 701 | 467 | -14.3 | 28.7 | 2,322 | 1,751 | 32.6 |
Bankruptcies | 386 | 459 | 400 | -15.9 | -3.5 | 1,568 | 1,475 | 6.3 |
Proposals | 215 | 242 | 67 | -11.2 | 220.9 | 754 | 276 | 173.2 |
Prince Edward Island | 209 | 208 | 198 | 0.5 | 5.6 | 838 | 770 | 8.8 |
Bankruptcies | 134 | 124 | 126 | 8.1 | 6.3 | 527 | 492 | 7.1 |
Proposals | 75 | 84 | 72 | -10.7 | 4.2 | 311 | 278 | 11.9 |
Nova Scotia | 1,593 | 1,671 | 1,312 | -4.7 | 21.4 | 5,922 | 5,263 | 12.5 |
Bankruptcies | 1,090 | 1,201 | 914 | -9.2 | 19.3 | 4,172 | 3,720 | 12.2 |
Proposals | 503 | 470 | 398 | 7.0 | 26.4 | 1,750 | 1,543 | 13.4 |
New Brunswick | 1,111 | 1,252 | 1,198 | -11.3 | -7.3 | 4,370 | 4,484 | -2.5 |
Bankruptcies | 715 | 848 | 787 | -15.7 | -9.1 | 2,880 | 2,987 | -3.6 |
Proposals | 396 | 404 | 411 | -2.0 | -3.6 | 1,490 | 1,497 | -0.5 |
Quebec | 10,726 | 12,243 | 11,101 | -12.4 | -3.4 | 45,586 | 45,961 | -0.8 |
Bankruptcies | 6,157 | 7,128 | 6,434 | -13.6 | -4.3 | 26,060 | 26,339 | -1.1 |
Proposals | 4,569 | 5,115 | 4,667 | -10.7 | -2.1 | 19,526 | 19,622 | -0.5 |
Ontario | 9,694 | 11,052 | 9,852 | -12.3 | -1.6 | 41,071 | 41,170 | -0.2 |
Bankruptcies | 4,178 | 4,955 | 4,498 | -15.7 | -7.1 | 18,082 | 19,168 | -5.7 |
Proposals | 5,516 | 6,097 | 5,354 | -9.5 | 3.0 | 22,989 | 22,002 | 4.5 |
Manitoba | 635 | 733 | 539 | -13.4 | 17.8 | 2,546 | 2,085 | 22.1 |
Bankruptcies | 361 | 424 | 318 | -14.9 | 13.5 | 1,423 | 1,314 | 8.3 |
Proposals | 274 | 309 | 221 | -11.3 | 24.0 | 1,123 | 771 | 45.7 |
Saskatchewan | 789 | 823 | 599 | -4.1 | 31.7 | 2,912 | 2,184 | 33.3 |
Bankruptcies | 371 | 419 | 307 | -11.5 | 20.8 | 1,489 | 1,156 | 28.8 |
Proposals | 418 | 404 | 292 | 3.5 | 43.2 | 1,423 | 1,028 | 38.4 |
Alberta | 3,278 | 3,559 | 2,508 | -7.9 | 30.7 | 12,743 | 9,319 | 36.7 |
Bankruptcies | 1,305 | 1,484 | 1,085 | -12.1 | 20.3 | 5,338 | 4,161 | 28.3 |
Proposals | 1,973 | 2,075 | 1,423 | -4.9 | 38.7 | 7,405 | 5,158 | 43.6 |
British Columbia | 2,595 | 3,014 | 2,959 | -13.9 | -12.3 | 11,405 | 11,763 | -3.0 |
Bankruptcies | 1,125 | 1,329 | 1,417 | -15.3 | -20.6 | 5,152 | 5,971 | -13.7 |
Proposals | 1,470 | 1,685 | 1,542 | -12.8 | -4.7 | 6,253 | 5,792 | 8.0 |
Northwest Territories | 19 | 14 | 11 | 35.7 | 72.7 | 66 | 45 | 46.7 |
Bankruptcies | 9 | 9 | 5 | 0.0 | 80.0 | 36 | 25 | 44.0 |
Proposals | 10 | 5 | 6 | 100.0 | 66.7 | 30 | 20 | 50.0 |
Yukon | 13 | 18 | 13 | -27.8 | 0.0 | 51 | 39 | 30.8 |
Bankruptcies | 7 | 10 | 8 | -30.0 | -12.5 | 26 | 18 | 44.4 |
Proposals | 6 | 8 | 5 | -25.0 | 20.0 | 25 | 21 | 19.0 |
Nunavut | 1 | 2 | 0 | -50.0 | -- | 11 | 5 | 120.0 |
Bankruptcies | 1 | 1 | 0 | 0.0 | -- | 5 | 4 | 25.0 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 1 | 500.0 |
Canada | 31,264 | 35,290 | 30,757 | -11.4 | 1.6 | 129,843 | 124,839 | 4.0 |
Bankruptcies | 15,839 | 18,391 | 16,299 | -13.9 | -2.8 | 66,758 | 66,830 | -0.1 |
Proposals | 15,425 | 16,899 | 14,458 | -8.7 | 6.7 | 63,085 | 58,009 | 8.8 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2016 | Q2 2016 | Q3 2015 | Q2 2016 to Q3 2016 | Q3 2015 to Q3 2016 | 09-30-2016 | 09-30-2015 | % Change | |
Newfoundland and Labrador | 595 | 694 | 459 | -14.3 | 29.6 | 2,297 | 1,719 | 33.6 |
Bankruptcies | 381 | 454 | 394 | -16.1 | -3.3 | 1,550 | 1,447 | 7.1 |
Proposals | 214 | 240 | 65 | -10.8 | 229.2 | 747 | 272 | 174.6 |
Prince Edward Island | 206 | 200 | 195 | 3.0 | 5.6 | 823 | 753 | 9.3 |
Bankruptcies | 131 | 121 | 124 | 8.3 | 5.6 | 517 | 479 | 7.9 |
Proposals | 75 | 79 | 71 | -5.1 | 5.6 | 306 | 274 | 11.7 |
Nova Scotia | 1,574 | 1,646 | 1,291 | -4.4 | 21.9 | 5,848 | 5,169 | 13.1 |
Bankruptcies | 1,073 | 1,181 | 896 | -9.1 | 19.8 | 4,106 | 3,653 | 12.4 |
Proposals | 501 | 465 | 395 | 7.7 | 26.8 | 1,742 | 1,516 | 14.9 |
New Brunswick | 1,097 | 1,237 | 1,176 | -11.3 | -6.7 | 4,303 | 4,399 | -2.2 |
Bankruptcies | 704 | 837 | 770 | -15.9 | -8.6 | 2,826 | 2,928 | -3.5 |
Proposals | 393 | 400 | 406 | -1.8 | -3.2 | 1,477 | 1,471 | 0.4 |
Quebec | 10,249 | 11,678 | 10,630 | -12.2 | -3.6 | 43,334 | 43,650 | -0.7 |
Bankruptcies | 5,805 | 6,712 | 6,078 | -13.5 | -4.5 | 24,353 | 24,663 | -1.3 |
Proposals | 4,444 | 4,966 | 4,552 | -10.5 | -2.4 | 18,981 | 18,987 | 0.0 |
Ontario | 9,477 | 10,779 | 9,577 | -12.1 | -1.0 | 40,101 | 39,991 | 0.3 |
Bankruptcies | 4,011 | 4,762 | 4,283 | -15.8 | -6.4 | 17,352 | 18,261 | -5.0 |
Proposals | 5,466 | 6,017 | 5,294 | -9.2 | 3.2 | 22,749 | 21,730 | 4.7 |
Manitoba | 625 | 714 | 526 | -12.5 | 18.8 | 2,497 | 2,045 | 22.1 |
Bankruptcies | 352 | 411 | 310 | -14.4 | 13.5 | 1,387 | 1,286 | 7.9 |
Proposals | 273 | 303 | 216 | -9.9 | 26.4 | 1,110 | 759 | 46.2 |
Saskatchewan | 764 | 795 | 557 | -3.9 | 37.2 | 2,792 | 2,076 | 34.5 |
Bankruptcies | 350 | 399 | 276 | -12.3 | 26.8 | 1,397 | 1,079 | 29.5 |
Proposals | 414 | 396 | 281 | 4.5 | 47.3 | 1,395 | 997 | 39.9 |
Alberta | 3,243 | 3,526 | 2,477 | -8.0 | 30.9 | 12,609 | 9,175 | 37.4 |
Bankruptcies | 1,278 | 1,455 | 1,067 | -12.2 | 19.8 | 5,238 | 4,056 | 29.1 |
Proposals | 1,965 | 2,071 | 1,410 | -5.1 | 39.4 | 7,371 | 5,119 | 44.0 |
British Columbia | 2,553 | 2,961 | 2,909 | -13.8 | -12.2 | 11,176 | 11,567 | -3.4 |
Bankruptcies | 1,095 | 1,284 | 1,375 | -14.7 | -20.4 | 4,990 | 5,824 | -14.3 |
Proposals | 1,458 | 1,677 | 1,534 | -13.1 | -5.0 | 6,186 | 5,743 | 7.7 |
Northwest Territories | 19 | 14 | 11 | 35.7 | 72.7 | 66 | 45 | 46.7 |
Bankruptcies | 9 | 9 | 5 | 0.0 | 80.0 | 36 | 25 | 44.0 |
Proposals | 10 | 5 | 6 | 100.0 | 66.7 | 30 | 20 | 50.0 |
Yukon | 13 | 18 | 13 | -27.8 | 0.0 | 51 | 38 | 34.2 |
Bankruptcies | 7 | 10 | 8 | -30.0 | -12.5 | 26 | 18 | 44.4 |
Proposals | 6 | 8 | 5 | -25.0 | 20.0 | 25 | 20 | 25.0 |
Nunavut | 1 | 1 | 0 | 0.0 | -- | 10 | 4 | 150.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 1 | 500.0 |
Canada | 30,416 | 34,263 | 29,821 | -11.2 | 2.0 | 125,907 | 120,631 | 4.4 |
Bankruptcies | 15,197 | 17,635 | 15,586 | -13.8 | -2.5 | 63,782 | 63,722 | 0.1 |
Proposals | 15,219 | 16,628 | 14,235 | -8.5 | 6.9 | 62,125 | 56,909 | 9.2 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q3 2016 | Q2 2016 | Q3 2015 | Q2 2016 to Q3 2016 | Q3 2015 to Q3 2016 | 09-30-2016 | 09-30-2015 | % Change | |
Newfoundland and Labrador | 6 | 7 | 8 | -14.3 | -25.0 | 25 | 32 | -21.9 |
Bankruptcies | 5 | 5 | 6 | 0.0 | -16.7 | 18 | 28 | -35.7 |
Proposals | 1 | 2 | 2 | -50.0 | -50.0 | 7 | 4 | 75.0 |
Prince Edward Island | 3 | 8 | 3 | -62.5 | 0.0 | 15 | 17 | -11.8 |
Bankruptcies | 3 | 3 | 2 | 0.0 | 50.0 | 10 | 13 | -23.1 |
Proposals | 0 | 5 | 1 | -100.0 | -100.0 | 5 | 4 | 25.0 |
Nova Scotia | 19 | 25 | 21 | -24.0 | -9.5 | 74 | 94 | -21.3 |
Bankruptcies | 17 | 20 | 18 | -15.0 | -5.6 | 66 | 67 | -1.5 |
Proposals | 2 | 5 | 3 | -60.0 | -33.3 | 8 | 27 | -70.4 |
New Brunswick | 14 | 15 | 22 | -6.7 | -36.4 | 67 | 85 | -21.2 |
Bankruptcies | 11 | 11 | 17 | 0.0 | -35.3 | 54 | 59 | -8.5 |
Proposals | 3 | 4 | 5 | -25.0 | -40.0 | 13 | 26 | -50.0 |
Quebec | 477 | 565 | 471 | -15.6 | 1.3 | 2,252 | 2,311 | -2.6 |
Bankruptcies | 352 | 416 | 356 | -15.4 | -1.1 | 1,707 | 1,676 | 1.8 |
Proposals | 125 | 149 | 115 | -16.1 | 8.7 | 545 | 635 | -14.2 |
Ontario | 217 | 273 | 275 | -20.5 | -21.1 | 970 | 1,179 | -17.7 |
Bankruptcies | 167 | 193 | 215 | -13.5 | -22.3 | 730 | 907 | -19.5 |
Proposals | 50 | 80 | 60 | -37.5 | -16.7 | 240 | 272 | -11.8 |
Manitoba | 10 | 19 | 13 | -47.4 | -23.1 | 49 | 40 | 22.5 |
Bankruptcies | 9 | 13 | 8 | -30.8 | 12.5 | 36 | 28 | 28.6 |
Proposals | 1 | 6 | 5 | -83.3 | -80.0 | 13 | 12 | 8.3 |
Saskatchewan | 25 | 28 | 42 | -10.7 | -40.5 | 120 | 108 | 11.1 |
Bankruptcies | 21 | 20 | 31 | 5.0 | -32.3 | 92 | 77 | 19.5 |
Proposals | 4 | 8 | 11 | -50.0 | -63.6 | 28 | 31 | -9.7 |
Alberta | 35 | 33 | 31 | 6.1 | 12.9 | 134 | 144 | -6.9 |
Bankruptcies | 27 | 29 | 18 | -6.9 | 50.0 | 100 | 105 | -4.8 |
Proposals | 8 | 4 | 13 | 100.0 | -38.5 | 34 | 39 | -12.8 |
British Columbia | 42 | 53 | 50 | -20.8 | -16.0 | 229 | 196 | 16.8 |
Bankruptcies | 30 | 45 | 42 | -33.3 | -28.6 | 162 | 147 | 10.2 |
Proposals | 12 | 8 | 8 | 50.0 | 50.0 | 67 | 49 | 36.7 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Nunavut | 0 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Bankruptcies | 0 | 1 | 0 | -100.0 | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 848 | 1,027 | 936 | -17.4 | -9.4 | 3,936 | 4,208 | -6.5 |
Bankruptcies | 642 | 756 | 713 | -15.1 | -10.0 | 2,976 | 3,108 | -4.2 |
Proposals | 206 | 271 | 223 | -24.0 | -7.6 | 960 | 1,100 | -12.7 |