Table 3: Insolvencies Filed by BusinessesProvince | Volume | 2017 |
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2017 | 2016 | % Change | Assets Declared at the Time of Filing ($) | Liabilities Declared at the Time of Filing ($) |
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Newfoundland and Labrador | 36 | 28 | 28.6 | 25,809,404 | 123,696,350 |
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Bankruptcies | 23 | 22 | 4.5 | 24,760,911 | 92,670,898 |
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Proposals | 13 | 6 | 116.7 | 1,048,493 | 31,025,452 |
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Prince Edward Island | 12 | 13 | -7.7 | 8,530,531 | 45,487,936 |
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Bankruptcies | 10 | 7 | 42.9 | 6,330,531 | 23,576,349 |
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Proposals | 2 | 6 | -66.7 | 2,200,000 | 21,911,587 |
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Nova Scotia | 49 | 75 | -34.7 | 17,255,969 | 46,613,891 |
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Bankruptcies | 43 | 63 | -31.7 | 17,255,969 | 38,045,397 |
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Proposals | 6 | 12 | -50.0 | 0 | 8,568,494 |
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New Brunswick | 57 | 59 | -3.4 | 56,281,400 | 245,478,756 |
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Bankruptcies | 43 | 45 | -4.4 | 55,953,313 | 214,317,146 |
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Proposals | 14 | 14 | 0.0 | 328,087 | 31,161,610 |
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Quebec | 2,061 | 2,197 | -6.2 | 176,103,313 | 2,143,559,507 |
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Bankruptcies | 1,563 | 1,660 | -5.8 | 135,793,311 | 1,374,100,084 |
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Proposals | 498 | 537 | -7.3 | 40,310,002 | 769,459,423 |
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Ontario | 878 | 940 | -6.6 | 149,076,893 | 2,224,005,674 |
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Bankruptcies | 632 | 691 | -8.5 | 98,003,236 | 1,790,020,582 |
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Proposals | 246 | 249 | -1.2 | 51,073,657 | 433,985,092 |
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Manitoba | 39 | 52 | -25.0 | 23,111,984 | 52,276,546 |
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Bankruptcies | 33 | 34 | -2.9 | 10,623,590 | 36,165,632 |
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Proposals | 6 | 18 | -66.7 | 12,488,394 | 16,110,914 |
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Saskatchewan | 136 | 117 | 16.2 | 27,846,988 | 71,385,316 |
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Bankruptcies | 104 | 91 | 14.3 | 21,833,795 | 58,205,069 |
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Proposals | 32 | 26 | 23.1 | 6,013,193 | 13,180,247 |
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Alberta | 195 | 168 | 16.1 | 267,622,186 | 1,236,364,981 |
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Bankruptcies | 131 | 121 | 8.3 | 208,215,534 | 1,026,400,698 |
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Proposals | 64 | 47 | 36.2 | 59,406,652 | 209,964,283 |
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British Columbia | 145 | 199 | -27.1 | 46,032,510 | 280,367,332 |
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Bankruptcies | 117 | 149 | -21.5 | 40,735,877 | 250,730,141 |
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Proposals | 28 | 50 | -44.0 | 5,296,633 | 29,637,191 |
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Northwest Territories | 1 | 0 | n/a | 6,626 | 49,896 |
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Bankruptcies | 1 | 0 | n/a | 6,626 | 49,896 |
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Proposals | 0 | 0 | n/a | 0 | 0 |
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Yukon | 0 | 0 | n/a | 0 | 0 |
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Bankruptcies | 0 | 0 | n/a | 0 | 0 |
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Proposals | 0 | 0 | n/a | 0 | 0 |
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Nunavut | 0 | 1 | -100.0 | 0 | 0 |
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Bankruptcies | 0 | 1 | -100.0 | 0 | 0 |
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Proposals | 0 | 0 | n/a | 0 | 0 |
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Canada | 3,609 | 3,849 | -6.2 | 797,677,804 | 6,469,286,185 |
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Bankruptcies | 2,700 | 2,884 | -6.4 | 619,512,693 | 4,904,281,892 |
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Proposals | 909 | 965 | -5.8 | 178,165,111 | 1,565,004,293 |
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