Insolvency Statistics in Canada—2016 (Table 3)

Table 3: Insolvencies Filed by Businesses
ProvinceVolume2016
20162015% ChangeAssets Declared at the Time of Filing ($)Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador28273.73,616,83516,215,281
Bankruptcies22214.83,592,08710,346,028
Proposals660.024,7485,869,253
Prince Edward Island1316-18.8935,57226,920,945
Bankruptcies712-41.7311,03718,698,926
Proposals6450.0624,5358,222,019
Nova Scotia7593-19.410,082,35964,338,580
Bankruptcies6369-8.79,942,66452,920,166
Proposals1224-50.0139,69511,418,414
New Brunswick5980-26.314,126,08547,153,890
Bankruptcies4559-23.712,567,90835,482,781
Proposals1421-33.31,558,17711,671,109
Quebec2,1972,237-1.8165,038,1611,744,176,036
Bankruptcies1,6601,684-1.4114,948,459989,165,386
Proposals537553-2.950,089,702755,010,650
Ontario9401,141-17.6104,877,819883,492,003
Bankruptcies691884-21.888,899,718548,892,144
Proposals249257-3.115,978,101334,599,859
Manitoba523836.86,263,34021,534,579
Bankruptcies342630.84,159,19913,283,727
Proposals181250.02,104,1418,250,852
Saskatchewan117119-1.714,049,255257,406,663
Bankruptcies91857.19,680,199135,849,344
Proposals2634-23.54,369,056121,557,319
Alberta16813425.4249,117,6271,348,116,796
Bankruptcies1219527.4234,626,9331,266,196,453
Proposals473920.514,490,69481,920,343
British Columbia199222-10.4214,376,66312,691,495,749
Bankruptcies149154-3.2200,955,26312,641,349,448
Proposals5068-26.513,421,40050,146,301
Northwest Territories00-- 00
Bankruptcies00-- 00
Proposals00-- 00
Yukon00-- 00
Bankruptcies00-- 00
Proposals00-- 00
Nunavut10-- 957,5171,305,632
Bankruptcies10-- 957,5171,305,632
Proposals00-- 00
Canada3,8494,107-6.3783,441,23317,102,156,154
Bankruptcies2,8843,089-6.6680,640,98415,713,490,035
Proposals9651,018-5.2102,800,2491,388,666,119