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Insolvency Statistics in Canada—First Quarter of 2018
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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 | |||||
---|---|---|---|---|---|---|---|---|
Q1 2018 | Q4 2017 | Q1 2017 | Q4 2017 to Q1 2018 | Q1 2017 to Q1 2018 | 03-31-2018 | 03-31-2017 | % Change | |
Newfoundland and Labrador | 695 | 658 | 603 | 5.6 | 15.3 | 2,607 | 2,482 | 5.0 |
Bankruptcies | 315 | 356 | 339 | -11.5 | -7.1 | 1,366 | 1,546 | -11.6 |
Proposals | 380 | 302 | 264 | 25.8 | 43.9 | 1,241 | 936 | 32.6 |
Prince Edward Island | 192 | 169 | 180 | 13.6 | 6.7 | 697 | 793 | -12.1 |
Bankruptcies | 113 | 90 | 94 | 25.6 | 20.2 | 416 | 477 | -12.8 |
Proposals | 79 | 79 | 86 | 0.0 | -8.1 | 281 | 316 | -11.1 |
Nova Scotia | 1,315 | 1,332 | 1,379 | -1.3 | -4.6 | 5,709 | 6,108 | -6.5 |
Bankruptcies | 799 | 853 | 899 | -6.3 | -11.1 | 3,750 | 4,225 | -11.2 |
Proposals | 516 | 479 | 480 | 7.7 | 7.5 | 1,959 | 1,883 | 4.0 |
New Brunswick | 947 | 1,104 | 991 | -14.2 | -4.4 | 4,374 | 4,519 | -3.2 |
Bankruptcies | 458 | 582 | 562 | -21.3 | -18.5 | 2,396 | 2,866 | -16.4 |
Proposals | 489 | 522 | 429 | -6.3 | 14.0 | 1,978 | 1,653 | 19.7 |
Quebec | 11,301 | 10,861 | 11,137 | 4.1 | 1.5 | 43,895 | 44,917 | -2.3 |
Bankruptcies | 5,664 | 5,874 | 6,016 | -3.6 | -5.9 | 23,858 | 25,572 | -6.7 |
Proposals | 5,637 | 4,987 | 5,121 | 13.0 | 10.1 | 20,037 | 19,345 | 3.6 |
Ontario | 9,507 | 9,480 | 9,868 | 0.3 | -3.7 | 38,684 | 40,274 | -3.9 |
Bankruptcies | 3,638 | 3,881 | 3,928 | -6.3 | -7.4 | 15,678 | 17,247 | -9.1 |
Proposals | 5,869 | 5,599 | 5,940 | 4.8 | -1.2 | 23,006 | 23,027 | -0.1 |
Manitoba | 580 | 713 | 649 | -18.7 | -10.6 | 2,574 | 2,691 | -4.3 |
Bankruptcies | 269 | 403 | 314 | -33.3 | -14.3 | 1,363 | 1,470 | -7.3 |
Proposals | 311 | 310 | 335 | 0.3 | -7.2 | 1,211 | 1,221 | -0.8 |
Saskatchewan | 799 | 818 | 764 | -2.3 | 4.6 | 3,293 | 3,156 | 4.3 |
Bankruptcies | 303 | 383 | 338 | -20.9 | -10.4 | 1,437 | 1,504 | -4.5 |
Proposals | 496 | 435 | 426 | 14.0 | 16.4 | 1,856 | 1,652 | 12.3 |
Alberta | 3,463 | 3,334 | 3,390 | 3.9 | 2.2 | 13,554 | 13,494 | 0.4 |
Bankruptcies | 1,227 | 1,238 | 1,348 | -0.9 | -9.0 | 5,018 | 5,487 | -8.5 |
Proposals | 2,236 | 2,096 | 2,042 | 6.7 | 9.5 | 8,536 | 8,007 | 6.6 |
British Columbia | 2,494 | 2,446 | 2,633 | 2.0 | -5.3 | 9,997 | 10,686 | -6.4 |
Bankruptcies | 1,064 | 958 | 1,154 | 11.1 | -7.8 | 4,173 | 4,664 | -10.5 |
Proposals | 1,430 | 1,488 | 1,479 | -3.9 | -3.3 | 5,824 | 6,022 | -3.3 |
Northwest Territories | 24 | 30 | 11 | -20.0 | 118.2 | 94 | 61 | 54.1 |
Bankruptcies | 9 | 21 | 3 | -57.1 | 200.0 | 58 | 33 | 75.8 |
Proposals | 15 | 9 | 8 | 66.7 | 87.5 | 36 | 28 | 28.6 |
Yukon | 10 | 13 | 8 | -23.1 | 25.0 | 39 | 48 | -18.8 |
Bankruptcies | 4 | 5 | 3 | -20.0 | 33.3 | 19 | 23 | -17.4 |
Proposals | 6 | 8 | 5 | -25.0 | 20.0 | 20 | 25 | -20.0 |
Nunavut | 0 | 4 | 0 | -100.0 | n/a | 4 | 5 | -20.0 |
Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 2 | 2 | 0.0 |
Proposals | 0 | 2 | 0 | -100.0 | n/a | 2 | 3 | -33.3 |
Canada | 31,327 | 30,962 | 31,613 | 1.2 | -0.9 | 125,521 | 129,234 | -2.9 |
Bankruptcies | 13,863 | 14,646 | 14,998 | -5.3 | -7.6 | 59,534 | 65,116 | -8.6 |
Proposals | 17,464 | 16,316 | 16,615 | 7.0 | 5.1 | 65,987 | 64,118 | 2.9 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2018 | Q4 2017 | Q1 2017 | Q4 2017 to Q1 2018 | Q1 2017 to Q1 2018 | 03-31-2018 | 03-31-2017 | % Change | |
Newfoundland and Labrador | 691 | 648 | 593 | 6.6 | 16.5 | 2,577 | 2,449 | 5.2 |
Bankruptcies | 311 | 351 | 335 | -11.4 | -7.2 | 1,343 | 1,523 | -11.8 |
Proposals | 380 | 297 | 258 | 27.9 | 47.3 | 1,234 | 926 | 33.3 |
Prince Edward Island | 191 | 169 | 174 | 13.0 | 9.8 | 690 | 775 | -11.0 |
Bankruptcies | 112 | 90 | 88 | 24.4 | 27.3 | 411 | 465 | -11.6 |
Proposals | 79 | 79 | 86 | 0.0 | -8.1 | 279 | 310 | -10.0 |
Nova Scotia | 1,299 | 1,322 | 1,370 | -1.7 | -5.2 | 5,653 | 6,037 | -6.4 |
Bankruptcies | 787 | 845 | 890 | -6.9 | -11.6 | 3,704 | 4,166 | -11.1 |
Proposals | 512 | 477 | 480 | 7.3 | 6.7 | 1,949 | 1,871 | 4.2 |
New Brunswick | 942 | 1,084 | 983 | -13.1 | -4.2 | 4,320 | 4,469 | -3.3 |
Bankruptcies | 453 | 571 | 554 | -20.7 | -18.2 | 2,356 | 2,825 | -16.6 |
Proposals | 489 | 513 | 429 | -4.7 | 14.0 | 1,964 | 1,644 | 19.5 |
Quebec | 10,743 | 10,330 | 10,592 | 4.0 | 1.4 | 41,821 | 42,804 | -2.3 |
Bankruptcies | 5,242 | 5,473 | 5,619 | -4.2 | -6.7 | 22,270 | 24,007 | -7.2 |
Proposals | 5,501 | 4,857 | 4,973 | 13.3 | 10.6 | 19,551 | 18,797 | 4.0 |
Ontario | 9,272 | 9,251 | 9,644 | 0.2 | -3.9 | 37,795 | 39,335 | -3.9 |
Bankruptcies | 3,458 | 3,721 | 3,771 | -7.1 | -8.3 | 15,023 | 16,567 | -9.3 |
Proposals | 5,814 | 5,530 | 5,873 | 5.1 | -1.0 | 22,772 | 22,768 | 0.0 |
Manitoba | 572 | 703 | 637 | -18.6 | -10.2 | 2,539 | 2,636 | -3.7 |
Bankruptcies | 261 | 395 | 302 | -33.9 | -13.6 | 1,334 | 1,429 | -6.6 |
Proposals | 311 | 308 | 335 | 1.0 | -7.2 | 1,205 | 1,207 | -0.2 |
Saskatchewan | 772 | 775 | 734 | -0.4 | 5.2 | 3,160 | 3,045 | 3.8 |
Bankruptcies | 288 | 347 | 320 | -17.0 | -10.0 | 1,336 | 1,423 | -6.1 |
Proposals | 484 | 428 | 414 | 13.1 | 16.9 | 1,824 | 1,622 | 12.5 |
Alberta | 3,416 | 3,282 | 3,355 | 4.1 | 1.8 | 13,347 | 13,328 | 0.1 |
Bankruptcies | 1,196 | 1,203 | 1,321 | -0.6 | -9.5 | 4,883 | 5,360 | -8.9 |
Proposals | 2,220 | 2,079 | 2,034 | 6.8 | 9.1 | 8,464 | 7,968 | 6.2 |
British Columbia | 2,465 | 2,414 | 2,583 | 2.1 | -4.6 | 9,873 | 10,495 | -5.9 |
Bankruptcies | 1,042 | 938 | 1,110 | 11.1 | -6.1 | 4,078 | 4,511 | -9.6 |
Proposals | 1,423 | 1,476 | 1,473 | -3.6 | -3.4 | 5,795 | 5,984 | -3.2 |
Northwest Territories | 24 | 30 | 11 | -20.0 | 118.2 | 93 | 61 | 52.5 |
Bankruptcies | 9 | 21 | 3 | -57.1 | 200.0 | 57 | 33 | 72.7 |
Proposals | 15 | 9 | 8 | 66.7 | 87.5 | 36 | 28 | 28.6 |
Yukon | 10 | 13 | 8 | -23.1 | 25.0 | 39 | 48 | -18.8 |
Bankruptcies | 4 | 5 | 3 | -20.0 | 33.3 | 19 | 23 | -17.4 |
Proposals | 6 | 8 | 5 | -25.0 | 20.0 | 20 | 25 | -20.0 |
Nunavut | 0 | 4 | 0 | -100.0 | n/a | 4 | 4 | 0.0 |
Bankruptcies | 0 | 2 | 0 | -100.0 | n/a | 2 | 1 | 100.0 |
Proposals | 0 | 2 | 0 | -100.0 | n/a | 2 | 3 | -33.3 |
Canada | 30,397 | 30,025 | 30,684 | 1.2 | -0.9 | 121,911 | 125,486 | -2.8 |
Bankruptcies | 13,163 | 13,962 | 14,316 | -5.7 | -8.1 | 56,816 | 62,333 | -8.9 |
Proposals | 17,234 | 16,063 | 16,368 | 7.3 | 5.3 | 65,095 | 63,153 | 3.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2018 | Q4 2017 | Q1 2017 | Q4 2017 to Q1 2018 | Q1 2017 to Q1 2018 | 03-31-2018 | 03-31-2017 | % Change | |
Newfoundland and Labrador | 4 | 10 | 10 | -60.0 | -60.0 | 30 | 33 | -9.1 |
Bankruptcies | 4 | 5 | 4 | -20.0 | 0.0 | 23 | 23 | 0.0 |
Proposals | 0 | 5 | 6 | -100.0 | -100.0 | 7 | 10 | -30.0 |
Prince Edward Island | 1 | 0 | 6 | n/a | -83.3 | 7 | 18 | -61.1 |
Bankruptcies | 1 | 0 | 6 | n/a | -83.3 | 5 | 12 | -58.3 |
Proposals | 0 | 0 | 0 | n/a | n/a | 2 | 6 | -66.7 |
Nova Scotia | 16 | 10 | 9 | 60.0 | 77.8 | 56 | 71 | -21.1 |
Bankruptcies | 12 | 8 | 9 | 50.0 | 33.3 | 46 | 59 | -22.0 |
Proposals | 4 | 2 | 0 | 100.0 | n/a | 10 | 12 | -16.7 |
New Brunswick | 5 | 20 | 8 | -75.0 | -37.5 | 54 | 50 | 8.0 |
Bankruptcies | 5 | 11 | 8 | -54.5 | -37.5 | 40 | 41 | -2.4 |
Proposals | 0 | 9 | 0 | -100.0 | n/a | 14 | 9 | 55.6 |
Quebec | 558 | 531 | 545 | 5.1 | 2.4 | 2,074 | 2,113 | -1.8 |
Bankruptcies | 422 | 401 | 397 | 5.2 | 6.3 | 1,588 | 1,565 | 1.5 |
Proposals | 136 | 130 | 148 | 4.6 | -8.1 | 486 | 548 | -11.3 |
Ontario | 235 | 229 | 224 | 2.6 | 4.9 | 889 | 939 | -5.3 |
Bankruptcies | 180 | 160 | 157 | 12.5 | 14.6 | 655 | 680 | -3.7 |
Proposals | 55 | 69 | 67 | -20.3 | -17.9 | 234 | 259 | -9.7 |
Manitoba | 8 | 10 | 12 | -20.0 | -33.3 | 35 | 55 | -36.4 |
Bankruptcies | 8 | 8 | 12 | 0.0 | -33.3 | 29 | 41 | -29.3 |
Proposals | 0 | 2 | 0 | -100.0 | n/a | 6 | 14 | -57.1 |
Saskatchewan | 27 | 43 | 30 | -37.2 | -10.0 | 133 | 111 | 19.8 |
Bankruptcies | 15 | 36 | 18 | -58.3 | -16.7 | 101 | 81 | 24.7 |
Proposals | 12 | 7 | 12 | 71.4 | 0.0 | 32 | 30 | 6.7 |
Alberta | 47 | 52 | 35 | -9.6 | 34.3 | 207 | 166 | 24.7 |
Bankruptcies | 31 | 35 | 27 | -11.4 | 14.8 | 135 | 127 | 6.3 |
Proposals | 16 | 17 | 8 | -5.9 | 100.0 | 72 | 39 | 84.6 |
British Columbia | 29 | 32 | 50 | -9.4 | -42.0 | 124 | 191 | -35.1 |
Bankruptcies | 22 | 20 | 44 | 10.0 | -50.0 | 95 | 153 | -37.9 |
Proposals | 7 | 12 | 6 | -41.7 | 16.7 | 29 | 38 | -23.7 |
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 | 930 | 937 | 929 | -0.7 | 0.1 | 3,610 | 3,748 | -3.7 |
Bankruptcies | 700 | 684 | 682 | 2.3 | 2.6 | 2,718 | 2,783 | -2.3 |
Proposals | 230 | 253 | 247 | -9.1 | -6.9 | 892 | 965 | -7.6 |