Insolvency Statistics in Canada—First Quarter of 2018

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
Q1 2018Q4 2017Q1 2017Q4 2017
to
Q1 2018
Q1 2017
to
Q1 2018
03-31-201803-31-2017% Change
Newfoundland and Labrador6956586035.615.32,6072,4825.0
Bankruptcies315356339-11.5-7.11,3661,546-11.6
Proposals38030226425.843.91,24193632.6
Prince Edward Island19216918013.66.7697793-12.1
Bankruptcies113909425.620.2416477-12.8
Proposals7979860.0-8.1281316-11.1
Nova Scotia1,3151,3321,379-1.3-4.65,7096,108-6.5
Bankruptcies799853899-6.3-11.13,7504,225-11.2
Proposals5164794807.77.51,9591,8834.0
New Brunswick9471,104991-14.2-4.44,3744,519-3.2
Bankruptcies458582562-21.3-18.52,3962,866-16.4
Proposals489522429-6.314.01,9781,65319.7
Quebec11,30110,86111,1374.11.543,89544,917-2.3
Bankruptcies5,6645,8746,016-3.6-5.923,85825,572-6.7
Proposals5,6374,9875,12113.010.120,03719,3453.6
Ontario9,5079,4809,8680.3-3.738,68440,274-3.9
Bankruptcies3,6383,8813,928-6.3-7.415,67817,247-9.1
Proposals5,8695,5995,9404.8-1.223,00623,027-0.1
Manitoba580713649-18.7-10.62,5742,691-4.3
Bankruptcies269403314-33.3-14.31,3631,470-7.3
Proposals3113103350.3-7.21,2111,221-0.8
Saskatchewan799818764-2.34.63,2933,1564.3
Bankruptcies303383338-20.9-10.41,4371,504-4.5
Proposals49643542614.016.41,8561,65212.3
Alberta3,4633,3343,3903.92.213,55413,4940.4
Bankruptcies1,2271,2381,348-0.9-9.05,0185,487-8.5
Proposals2,2362,0962,0426.79.58,5368,0076.6
British Columbia2,4942,4462,6332.0-5.39,99710,686-6.4
Bankruptcies1,0649581,15411.1-7.84,1734,664-10.5
Proposals1,4301,4881,479-3.9-3.35,8246,022-3.3
Northwest Territories243011-20.0118.2946154.1
Bankruptcies9213-57.1200.0583375.8
Proposals159866.787.5362828.6
Yukon10138-23.125.03948-18.8
Bankruptcies453-20.033.31923-17.4
Proposals685-25.020.02025-20.0
Nunavut040-100.0n/a45-20.0
Bankruptcies020-100.0n/a220.0
Proposals020-100.0n/a23-33.3
Canada31,32730,96231,6131.2-0.9125,521129,234-2.9
Bankruptcies13,86314,64614,998-5.3-7.659,53465,116-8.6
Proposals17,46416,31616,6157.05.165,98764,1182.9
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q1 2018Q4 2017Q1 2017Q4 2017
to
Q1 2018
Q1 2017
to
Q1 2018
03-31-201803-31-2017% Change
Newfoundland and Labrador6916485936.616.52,5772,4495.2
Bankruptcies311351335-11.4-7.21,3431,523-11.8
Proposals38029725827.947.31,23492633.3
Prince Edward Island19116917413.09.8690775-11.0
Bankruptcies112908824.427.3411465-11.6
Proposals7979860.0-8.1279310-10.0
Nova Scotia1,2991,3221,370-1.7-5.25,6536,037-6.4
Bankruptcies787845890-6.9-11.63,7044,166-11.1
Proposals5124774807.36.71,9491,8714.2
New Brunswick9421,084983-13.1-4.24,3204,469-3.3
Bankruptcies453571554-20.7-18.22,3562,825-16.6
Proposals489513429-4.714.01,9641,64419.5
Quebec10,74310,33010,5924.01.441,82142,804-2.3
Bankruptcies5,2425,4735,619-4.2-6.722,27024,007-7.2
Proposals5,5014,8574,97313.310.619,55118,7974.0
Ontario9,2729,2519,6440.2-3.937,79539,335-3.9
Bankruptcies3,4583,7213,771-7.1-8.315,02316,567-9.3
Proposals5,8145,5305,8735.1-1.022,77222,7680.0
Manitoba572703637-18.6-10.22,5392,636-3.7
Bankruptcies261395302-33.9-13.61,3341,429-6.6
Proposals3113083351.0-7.21,2051,207-0.2
Saskatchewan772775734-0.45.23,1603,0453.8
Bankruptcies288347320-17.0-10.01,3361,423-6.1
Proposals48442841413.116.91,8241,62212.5
Alberta3,4163,2823,3554.11.813,34713,3280.1
Bankruptcies1,1961,2031,321-0.6-9.54,8835,360-8.9
Proposals2,2202,0792,0346.89.18,4647,9686.2
British Columbia2,4652,4142,5832.1-4.69,87310,495-5.9
Bankruptcies1,0429381,11011.1-6.14,0784,511-9.6
Proposals1,4231,4761,473-3.6-3.45,7955,984-3.2
Northwest Territories243011-20.0118.2936152.5
Bankruptcies9213-57.1200.0573372.7
Proposals159866.787.5362828.6
Yukon10138-23.125.03948-18.8
Bankruptcies453-20.033.31923-17.4
Proposals685-25.020.02025-20.0
Nunavut040-100.0n/a440.0
Bankruptcies020-100.0n/a21100.0
Proposals020-100.0n/a23-33.3
Canada30,39730,02530,6841.2-0.9121,911125,486-2.8
Bankruptcies13,16313,96214,316-5.7-8.156,81662,333-8.9
Proposals17,23416,06316,3687.35.365,09563,1533.1
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q1 2018Q4 2017Q1 2017Q4 2017
to
Q1 2018
Q1 2017
to
Q1 2018
03-31-201803-31-2017% Change
Newfoundland and Labrador41010-60.0-60.03033-9.1
Bankruptcies454-20.00.023230.0
Proposals056-100.0-100.0710-30.0
Prince Edward Island106n/a-83.3718-61.1
Bankruptcies106n/a-83.3512-58.3
Proposals000n/an/a26-66.7
Nova Scotia1610960.077.85671-21.1
Bankruptcies128950.033.34659-22.0
Proposals420100.0n/a1012-16.7
New Brunswick5208-75.0-37.554508.0
Bankruptcies5118-54.5-37.54041-2.4
Proposals090-100.0n/a14955.6
Quebec5585315455.12.42,0742,113-1.8
Bankruptcies4224013975.26.31,5881,5651.5
Proposals1361301484.6-8.1486548-11.3
Ontario2352292242.64.9889939-5.3
Bankruptcies18016015712.514.6655680-3.7
Proposals556967-20.3-17.9234259-9.7
Manitoba81012-20.0-33.33555-36.4
Bankruptcies88120.0-33.32941-29.3
Proposals020-100.0n/a614-57.1
Saskatchewan274330-37.2-10.013311119.8
Bankruptcies153618-58.3-16.71018124.7
Proposals1271271.40.032306.7
Alberta475235-9.634.320716624.7
Bankruptcies313527-11.414.81351276.3
Proposals16178-5.9100.0723984.6
British Columbia293250-9.4-42.0124191-35.1
Bankruptcies22204410.0-50.095153-37.9
Proposals7126-41.716.72938-23.7
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
Canada930937929-0.70.13,6103,748-3.7
Bankruptcies7006846822.32.62,7182,783-2.3
Proposals230253247-9.1-6.9892965-7.6