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Insolvency Statistics in Canada
Fourth Quarter of 2015
1,172 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 regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2015 | Q3 2015 | Q4 2014 | Q3 2015 to Q4 2015 | Q4 2014 to Q4 2015 | 12-31-2015 | 12-31-2014 | % Change | |
Newfoundland and Labrador | 472 | 467 | 374 | 1.1 | 26.2 | 1,849 | 1,575 | 17.4 |
Bankruptcies | 356 | 400 | 312 | -11.0 | 14.1 | 1,519 | 1,375 | 10.5 |
Proposals | 116 | 67 | 62 | 73.1 | 87.1 | 330 | 200 | 65.0 |
Prince Edward Island | 219 | 198 | 167 | 10.6 | 31.1 | 822 | 739 | 11.2 |
Bankruptcies | 145 | 126 | 106 | 15.1 | 36.8 | 531 | 515 | 3.1 |
Proposals | 74 | 72 | 61 | 2.8 | 21.3 | 291 | 224 | 29.9 |
Nova Scotia | 1,364 | 1,312 | 1,302 | 4.0 | 4.8 | 5,325 | 5,304 | 0.4 |
Bankruptcies | 953 | 914 | 956 | 4.3 | -0.3 | 3,717 | 3,778 | -1.6 |
Proposals | 411 | 398 | 346 | 3.3 | 18.8 | 1,608 | 1,526 | 5.4 |
New Brunswick | 1,034 | 1,198 | 1,107 | -13.7 | -6.6 | 4,411 | 4,395 | 0.4 |
Bankruptcies | 672 | 787 | 786 | -14.6 | -14.5 | 2,873 | 3,089 | -7.0 |
Proposals | 362 | 411 | 321 | -11.9 | 12.8 | 1,538 | 1,306 | 17.8 |
Quebec | 11,191 | 11,101 | 11,210 | 0.8 | -0.2 | 45,942 | 43,891 | 4.7 |
Bankruptcies | 6,430 | 6,434 | 6,546 | -0.1 | -1.8 | 26,223 | 26,137 | 0.3 |
Proposals | 4,761 | 4,667 | 4,664 | 2.0 | 2.1 | 19,719 | 17,754 | 11.1 |
Ontario | 10,180 | 9,852 | 10,274 | 3.3 | -0.9 | 41,076 | 42,198 | -2.7 |
Bankruptcies | 4,673 | 4,498 | 4,999 | 3.9 | -6.5 | 18,842 | 20,069 | -6.1 |
Proposals | 5,507 | 5,354 | 5,275 | 2.9 | 4.4 | 22,234 | 22,129 | 0.5 |
Manitoba | 561 | 539 | 510 | 4.1 | 10.0 | 2,136 | 1,948 | 9.7 |
Bankruptcies | 312 | 318 | 336 | -1.9 | -7.1 | 1,290 | 1,248 | 3.4 |
Proposals | 249 | 221 | 174 | 12.7 | 43.1 | 846 | 700 | 20.9 |
Saskatchewan | 615 | 599 | 482 | 2.7 | 27.6 | 2,317 | 2,062 | 12.4 |
Bankruptcies | 353 | 307 | 269 | 15.0 | 31.2 | 1,240 | 1,182 | 4.9 |
Proposals | 262 | 292 | 213 | -10.3 | 23.0 | 1,077 | 880 | 22.4 |
Alberta | 2,672 | 2,508 | 2,047 | 6.5 | 30.5 | 9,944 | 8,422 | 18.1 |
Bankruptcies | 1,140 | 1,085 | 926 | 5.1 | 23.1 | 4,375 | 3,964 | 10.4 |
Proposals | 1,532 | 1,423 | 1,121 | 7.7 | 36.7 | 5,569 | 4,458 | 24.9 |
British Columbia | 2,844 | 2,959 | 2,805 | -3.9 | 1.4 | 11,802 | 11,639 | 1.4 |
Bankruptcies | 1,340 | 1,417 | 1,474 | -5.4 | -9.1 | 5,837 | 6,545 | -10.8 |
Proposals | 1,504 | 1,542 | 1,331 | -2.5 | 13.0 | 5,965 | 5,094 | 17.1 |
Northwest Territories | 23 | 11 | 16 | 109.1 | 43.8 | 52 | 49 | 6.1 |
Bankruptcies | 13 | 5 | 10 | 160.0 | 30.0 | 28 | 26 | 7.7 |
Proposals | 10 | 6 | 6 | 66.7 | 66.7 | 24 | 23 | 4.3 |
Yukon | 5 | 13 | 9 | -61.5 | -44.4 | 35 | 40 | -12.5 |
Bankruptcies | 2 | 8 | 2 | -75.0 | 0.0 | 18 | 22 | -18.2 |
Proposals | 3 | 5 | 7 | -40.0 | -57.1 | 17 | 18 | -5.6 |
Nunavut | 3 | 0 | 3 | -- | 0.0 | 5 | 7 | -28.6 |
Bankruptcies | 1 | 0 | 3 | -- | -66.7 | 2 | 5 | -60.0 |
Proposals | 2 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
Canada | 31,183 | 30,757 | 30,306 | 1.4 | 2.9 | 125,716 | 122,269 | 2.8 |
Bankruptcies | 16,390 | 16,299 | 16,725 | 0.6 | -2.0 | 66,495 | 67,955 | -2.1 |
Proposals | 14,793 | 14,458 | 13,581 | 2.3 | 8.9 | 59,221 | 54,314 | 9.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2015 | Q3 2015 | Q4 2014 | Q3 2015 to Q4 2015 | Q4 2014 to Q4 2015 | 12-31-2015 | 12-31-2014 | % Change | |
Newfoundland and Labrador | 465 | 459 | 362 | 1.3 | 28.5 | 1,822 | 1,545 | 17.9 |
Bankruptcies | 351 | 394 | 300 | -10.9 | 17.0 | 1,498 | 1,348 | 11.1 |
Proposals | 114 | 65 | 62 | 75.4 | 83.9 | 324 | 197 | 64.5 |
Prince Edward Island | 216 | 195 | 163 | 10.8 | 32.5 | 806 | 721 | 11.8 |
Bankruptcies | 142 | 124 | 102 | 14.5 | 39.2 | 519 | 502 | 3.4 |
Proposals | 74 | 71 | 61 | 4.2 | 21.3 | 287 | 219 | 31.1 |
Nova Scotia | 1,347 | 1,291 | 1,284 | 4.3 | 4.9 | 5,232 | 5,227 | 0.1 |
Bankruptcies | 937 | 896 | 942 | 4.6 | -0.5 | 3,648 | 3,726 | -2.1 |
Proposals | 410 | 395 | 342 | 3.8 | 19.9 | 1,584 | 1,501 | 5.5 |
New Brunswick | 1,013 | 1,176 | 1,081 | -13.9 | -6.3 | 4,331 | 4,308 | 0.5 |
Bankruptcies | 652 | 770 | 766 | -15.3 | -14.9 | 2,814 | 3,021 | -6.9 |
Proposals | 361 | 406 | 315 | -11.1 | 14.6 | 1,517 | 1,287 | 17.9 |
Quebec | 10,610 | 10,630 | 10,555 | -0.2 | 0.5 | 43,705 | 41,554 | 5.2 |
Bankruptcies | 5,983 | 6,078 | 6,107 | -1.6 | -2.0 | 24,539 | 24,447 | 0.4 |
Proposals | 4,627 | 4,552 | 4,448 | 1.6 | 4.0 | 19,166 | 17,107 | 12.0 |
Ontario | 9,925 | 9,577 | 9,981 | 3.6 | -0.6 | 39,935 | 41,108 | -2.9 |
Bankruptcies | 4,471 | 4,283 | 4,774 | 4.4 | -6.3 | 17,958 | 19,234 | -6.6 |
Proposals | 5,454 | 5,294 | 5,207 | 3.0 | 4.7 | 21,977 | 21,874 | 0.5 |
Manitoba | 550 | 526 | 497 | 4.6 | 10.7 | 2,098 | 1,891 | 10.9 |
Bankruptcies | 303 | 310 | 325 | -2.3 | -6.8 | 1,264 | 1,200 | 5.3 |
Proposals | 247 | 216 | 172 | 14.4 | 43.6 | 834 | 691 | 20.7 |
Saskatchewan | 584 | 557 | 462 | 4.8 | 26.4 | 2,198 | 1,938 | 13.4 |
Bankruptcies | 330 | 276 | 254 | 19.6 | 29.9 | 1,155 | 1,105 | 4.5 |
Proposals | 254 | 281 | 208 | -9.6 | 22.1 | 1,043 | 833 | 25.2 |
Alberta | 2,643 | 2,477 | 2,008 | 6.7 | 31.6 | 9,810 | 8,281 | 18.5 |
Bankruptcies | 1,117 | 1,067 | 893 | 4.7 | 25.1 | 4,280 | 3,859 | 10.9 |
Proposals | 1,526 | 1,410 | 1,115 | 8.2 | 36.9 | 5,530 | 4,422 | 25.1 |
British Columbia | 2,768 | 2,909 | 2,755 | -4.8 | 0.5 | 11,580 | 11,383 | 1.7 |
Bankruptcies | 1,293 | 1,375 | 1,434 | -6.0 | -9.8 | 5,683 | 6,345 | -10.4 |
Proposals | 1,475 | 1,534 | 1,321 | -3.8 | 11.7 | 5,897 | 5,038 | 17.1 |
Northwest Territories | 23 | 11 | 16 | 109.1 | 43.8 | 52 | 49 | 6.1 |
Bankruptcies | 13 | 5 | 10 | 160.0 | 30.0 | 28 | 26 | 7.7 |
Proposals | 10 | 6 | 6 | 66.7 | 66.7 | 24 | 23 | 4.3 |
Yukon | 5 | 13 | 8 | -61.5 | -37.5 | 35 | 39 | -10.3 |
Bankruptcies | 2 | 8 | 2 | -75.0 | 0.0 | 18 | 22 | -18.2 |
Proposals | 3 | 5 | 6 | -40.0 | -50.0 | 17 | 17 | 0.0 |
Nunavut | 3 | 0 | 2 | -- | 50.0 | 5 | 6 | -16.7 |
Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 2 | 4 | -50.0 |
Proposals | 2 | 0 | 0 | -- | -- | 3 | 2 | 50.0 |
Canada | 30,152 | 29,821 | 29,174 | 1.1 | 3.4 | 121,609 | 118,050 | 3.0 |
Bankruptcies | 15,595 | 15,586 | 15,911 | 0.1 | -2.0 | 63,406 | 64,839 | -2.2 |
Proposals | 14,557 | 14,235 | 13,263 | 2.3 | 9.8 | 58,203 | 53,211 | 9.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2015 | Q3 2015 | Q4 2014 | Q3 2015 to Q4 2015 | Q4 2014 to Q4 2015 | 12-31-2015 | 12-31-2014 | % Change | |
Newfoundland and Labrador | 7 | 8 | 12 | -12.5 | -41.7 | 27 | 30 | -10.0 |
Bankruptcies | 5 | 6 | 12 | -16.7 | -58.3 | 21 | 27 | -22.2 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 6 | 3 | 100.0 |
Prince Edward Island | 3 | 3 | 4 | 0.0 | -25.0 | 16 | 18 | -11.1 |
Bankruptcies | 3 | 2 | 4 | 50.0 | -25.0 | 12 | 13 | -7.7 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 4 | 5 | -20.0 |
Nova Scotia | 17 | 21 | 18 | -19.0 | -5.6 | 93 | 77 | 20.8 |
Bankruptcies | 16 | 18 | 14 | -11.1 | 14.3 | 69 | 52 | 32.7 |
Proposals | 1 | 3 | 4 | -66.7 | -75.0 | 24 | 25 | -4.0 |
New Brunswick | 21 | 22 | 26 | -4.5 | -19.2 | 80 | 87 | -8.0 |
Bankruptcies | 20 | 17 | 20 | 17.6 | 0.0 | 59 | 68 | -13.2 |
Proposals | 1 | 5 | 6 | -80.0 | -83.3 | 21 | 19 | 10.5 |
Quebec | 581 | 471 | 655 | 23.4 | -11.3 | 2,237 | 2,337 | -4.3 |
Bankruptcies | 447 | 356 | 439 | 25.6 | 1.8 | 1,684 | 1,690 | -0.4 |
Proposals | 134 | 115 | 216 | 16.5 | -38.0 | 553 | 647 | -14.5 |
Ontario | 255 | 275 | 293 | -7.3 | -13.0 | 1,141 | 1,090 | 4.7 |
Bankruptcies | 202 | 215 | 225 | -6.0 | -10.2 | 884 | 835 | 5.9 |
Proposals | 53 | 60 | 68 | -11.7 | -22.1 | 257 | 255 | 0.8 |
Manitoba | 11 | 13 | 13 | -15.4 | -15.4 | 38 | 57 | -33.3 |
Bankruptcies | 9 | 8 | 11 | 12.5 | -18.2 | 26 | 48 | -45.8 |
Proposals | 2 | 5 | 2 | -60.0 | 0.0 | 12 | 9 | 33.3 |
Saskatchewan | 31 | 42 | 20 | -26.2 | 55.0 | 119 | 124 | -4.0 |
Bankruptcies | 23 | 31 | 15 | -25.8 | 53.3 | 85 | 77 | 10.4 |
Proposals | 8 | 11 | 5 | -27.3 | 60.0 | 34 | 47 | -27.7 |
Alberta | 29 | 31 | 39 | -6.5 | -25.6 | 134 | 141 | -5.0 |
Bankruptcies | 23 | 18 | 33 | 27.8 | -30.3 | 95 | 105 | -9.5 |
Proposals | 6 | 13 | 6 | -53.8 | 0.0 | 39 | 36 | 8.3 |
British Columbia | 76 | 50 | 50 | 52.0 | 52.0 | 222 | 256 | -13.3 |
Bankruptcies | 47 | 42 | 40 | 11.9 | 17.5 | 154 | 200 | -23.0 |
Proposals | 29 | 8 | 10 | 262.5 | 190.0 | 68 | 56 | 21.4 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
Nunavut | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 1 | -- | -100.0 | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 1,031 | 936 | 1,132 | 10.1 | -8.9 | 4,107 | 4,219 | -2.7 |
Bankruptcies | 795 | 713 | 814 | 11.5 | -2.3 | 3,089 | 3,116 | -0.9 |
Proposals | 236 | 223 | 318 | 5.8 | -25.8 | 1,018 | 1,103 | -7.7 |