Table 3: Insolvencies Filed by BusinessesProvince | Volume | 2016 |
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2016 | 2015 | % Change | Assets Declared at the Time of Filing ($) | Liabilities Declared at the Time of Filing ($) |
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Newfoundland and Labrador | 28 | 27 | 3.7 | 3,616,835 | 16,215,281 |
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Bankruptcies | 22 | 21 | 4.8 | 3,592,087 | 10,346,028 |
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Proposals | 6 | 6 | 0.0 | 24,748 | 5,869,253 |
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Prince Edward Island | 13 | 16 | -18.8 | 935,572 | 26,920,945 |
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Bankruptcies | 7 | 12 | -41.7 | 311,037 | 18,698,926 |
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Proposals | 6 | 4 | 50.0 | 624,535 | 8,222,019 |
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Nova Scotia | 75 | 93 | -19.4 | 10,082,359 | 64,338,580 |
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Bankruptcies | 63 | 69 | -8.7 | 9,942,664 | 52,920,166 |
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Proposals | 12 | 24 | -50.0 | 139,695 | 11,418,414 |
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New Brunswick | 59 | 80 | -26.3 | 14,126,085 | 47,153,890 |
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Bankruptcies | 45 | 59 | -23.7 | 12,567,908 | 35,482,781 |
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Proposals | 14 | 21 | -33.3 | 1,558,177 | 11,671,109 |
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Quebec | 2,197 | 2,237 | -1.8 | 165,038,161 | 1,744,176,036 |
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Bankruptcies | 1,660 | 1,684 | -1.4 | 114,948,459 | 989,165,386 |
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Proposals | 537 | 553 | -2.9 | 50,089,702 | 755,010,650 |
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Ontario | 940 | 1,141 | -17.6 | 104,877,819 | 883,492,003 |
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Bankruptcies | 691 | 884 | -21.8 | 88,899,718 | 548,892,144 |
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Proposals | 249 | 257 | -3.1 | 15,978,101 | 334,599,859 |
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Manitoba | 52 | 38 | 36.8 | 6,263,340 | 21,534,579 |
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Bankruptcies | 34 | 26 | 30.8 | 4,159,199 | 13,283,727 |
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Proposals | 18 | 12 | 50.0 | 2,104,141 | 8,250,852 |
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Saskatchewan | 117 | 119 | -1.7 | 14,049,255 | 257,406,663 |
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Bankruptcies | 91 | 85 | 7.1 | 9,680,199 | 135,849,344 |
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Proposals | 26 | 34 | -23.5 | 4,369,056 | 121,557,319 |
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Alberta | 168 | 134 | 25.4 | 249,117,627 | 1,348,116,796 |
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Bankruptcies | 121 | 95 | 27.4 | 234,626,933 | 1,266,196,453 |
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Proposals | 47 | 39 | 20.5 | 14,490,694 | 81,920,343 |
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British Columbia | 199 | 222 | -10.4 | 214,376,663 | 12,691,495,749 |
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Bankruptcies | 149 | 154 | -3.2 | 200,955,263 | 12,641,349,448 |
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Proposals | 50 | 68 | -26.5 | 13,421,400 | 50,146,301 |
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Northwest Territories | 0 | 0 | -- | 0 | 0 |
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Bankruptcies | 0 | 0 | -- | 0 | 0 |
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Proposals | 0 | 0 | -- | 0 | 0 |
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Yukon | 0 | 0 | -- | 0 | 0 |
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Bankruptcies | 0 | 0 | -- | 0 | 0 |
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Proposals | 0 | 0 | -- | 0 | 0 |
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Nunavut | 1 | 0 | -- | 957,517 | 1,305,632 |
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Bankruptcies | 1 | 0 | -- | 957,517 | 1,305,632 |
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Proposals | 0 | 0 | -- | 0 | 0 |
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Canada | 3,849 | 4,107 | -6.3 | 783,441,233 | 17,102,156,154 |
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Bankruptcies | 2,884 | 3,089 | -6.6 | 680,640,984 | 15,713,490,035 |
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Proposals | 965 | 1,018 | -5.2 | 102,800,249 | 1,388,666,119 |
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