Insolvency Statistics in Canada—2018 (Table 3)

Table 3: Insolvencies Filed by Businesses
ProvinceVolume2017
20172016% ChangeAssets Declared at the Time of Filing ($)Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador362828.625,809,404123,696,350
Bankruptcies23224.524,760,91192,670,898
Proposals136116.71,048,49331,025,452
Prince Edward Island1213-7.78,530,53145,487,936
Bankruptcies10742.96,330,53123,576,349
Proposals26-66.72,200,00021,911,587
Nova Scotia4975-34.717,255,96946,613,891
Bankruptcies4363-31.717,255,96938,045,397
Proposals612-50.008,568,494
New Brunswick5759-3.456,281,400245,478,756
Bankruptcies4345-4.455,953,313214,317,146
Proposals14140.0328,08731,161,610
Quebec2,0612,197-6.2176,103,3132,143,559,507
Bankruptcies1,5631,660-5.8135,793,3111,374,100,084
Proposals498537-7.340,310,002769,459,423
Ontario878940-6.6149,076,8932,224,005,674
Bankruptcies632691-8.598,003,2361,790,020,582
Proposals246249-1.251,073,657433,985,092
Manitoba3952-25.023,111,98452,276,546
Bankruptcies3334-2.910,623,59036,165,632
Proposals618-66.712,488,39416,110,914
Saskatchewan13611716.227,846,98871,385,316
Bankruptcies1049114.321,833,79558,205,069
Proposals322623.16,013,19313,180,247
Alberta19516816.1267,622,1861,236,364,981
Bankruptcies1311218.3208,215,5341,026,400,698
Proposals644736.259,406,652209,964,283
British Columbia145199-27.146,032,510280,367,332
Bankruptcies117149-21.540,735,877250,730,141
Proposals2850-44.05,296,63329,637,191
Northwest Territories10n/a6,62649,896
Bankruptcies10n/a6,62649,896
Proposals00n/a00
Yukon00n/a00
Bankruptcies00n/a00
Proposals00n/a00
Nunavut01-100.000
Bankruptcies01-100.000
Proposals00n/a00
Canada3,6093,849-6.2797,677,8046,469,286,185
Bankruptcies2,7002,884-6.4619,512,6934,904,281,892
Proposals909965-5.8178,165,1111,565,004,293