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Insolvency Statistics in Canada
Fourth Quarter of 2016
1,218 KB, 28 pages
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
- Table 5: Insolvencies Filed by Consumers by Economic Region (ER)
- Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
- Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
- Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)
Glossary
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- 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.
- Proposition:
- 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.
- NAICS:
- North American Industry Classification System.
- 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.
- 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).
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2016 | Q3 2016 | Q4 2015 | Q3 2016 to Q4 2016 | Q4 2015 to Q4 2016 | 12-31-2016 | 12-31-2015 | % Change | |
Newfoundland and Labrador | 577 | 601 | 472 | -4.0 | 22.2 | 2,427 | 1,849 | 31.3 |
Bankruptcies | 362 | 386 | 356 | -6.2 | 1.7 | 1,574 | 1,519 | 3.6 |
Proposals | 215 | 215 | 116 | 0.0 | 85.3 | 853 | 330 | 158.5 |
Prince Edward Island | 196 | 209 | 219 | -6.2 | -10.5 | 815 | 822 | -0.9 |
Bankruptcies | 125 | 134 | 145 | -6.7 | -13.8 | 507 | 531 | -4.5 |
Proposals | 71 | 75 | 74 | -5.3 | -4.1 | 308 | 291 | 5.8 |
Nova Scotia | 1,465 | 1,593 | 1,364 | -8.0 | 7.4 | 6,023 | 5,325 | 13.1 |
Bankruptcies | 1,035 | 1,090 | 953 | -5.0 | 8.6 | 4,254 | 3,717 | 14.4 |
Proposals | 430 | 503 | 411 | -14.5 | 4.6 | 1,769 | 1,608 | 10.0 |
New Brunswick | 1,165 | 1,111 | 1,034 | 4.9 | 12.7 | 4,501 | 4,411 | 2.0 |
Bankruptcies | 741 | 715 | 672 | 3.6 | 10.3 | 2,949 | 2,873 | 2.6 |
Proposals | 424 | 396 | 362 | 7.1 | 17.1 | 1,552 | 1,538 | 0.9 |
Quebec | 10,811 | 10,726 | 11,191 | 0.8 | -3.4 | 45,206 | 45,942 | -1.6 |
Bankruptcies | 6,271 | 6,157 | 6,430 | 1.9 | -2.5 | 25,901 | 26,223 | -1.2 |
Proposals | 4,540 | 4,569 | 4,761 | -0.6 | -4.6 | 19,305 | 19,719 | -2.1 |
Ontario | 9,660 | 9,694 | 10,180 | -0.4 | -5.1 | 40,551 | 41,076 | -1.3 |
Bankruptcies | 4,186 | 4,178 | 4,673 | 0.2 | -10.4 | 17,595 | 18,842 | -6.6 |
Proposals | 5,474 | 5,516 | 5,507 | -0.8 | -0.6 | 22,956 | 22,234 | 3.2 |
Manitoba | 674 | 635 | 561 | 6.1 | 20.1 | 2,659 | 2,136 | 24.5 |
Bankruptcies | 371 | 361 | 312 | 2.8 | 18.9 | 1,482 | 1,290 | 14.9 |
Proposals | 303 | 274 | 249 | 10.6 | 21.7 | 1,177 | 846 | 39.1 |
Saskatchewan | 780 | 789 | 615 | -1.1 | 26.8 | 3,077 | 2,317 | 32.8 |
Bankruptcies | 376 | 371 | 353 | 1.3 | 6.5 | 1,512 | 1,240 | 21.9 |
Proposals | 404 | 418 | 262 | -3.3 | 54.2 | 1,565 | 1,077 | 45.3 |
Alberta | 3,267 | 3,278 | 2,672 | -0.3 | 22.3 | 13,338 | 9,944 | 34.1 |
Bankruptcies | 1,350 | 1,305 | 1,140 | 3.4 | 18.4 | 5,548 | 4,375 | 26.8 |
Proposals | 1,917 | 1,973 | 1,532 | -2.8 | 25.1 | 7,790 | 5,569 | 39.9 |
British Columbia | 2,444 | 2,595 | 2,844 | -5.8 | -14.1 | 11,005 | 11,802 | -6.8 |
Bankruptcies | 1,056 | 1,125 | 1,340 | -6.1 | -21.2 | 4,868 | 5,837 | -16.6 |
Proposals | 1,388 | 1,470 | 1,504 | -5.6 | -7.7 | 6,137 | 5,965 | 2.9 |
Northwest Territories | 17 | 19 | 23 | -10.5 | -26.1 | 60 | 52 | 15.4 |
Bankruptcies | 12 | 9 | 13 | 33.3 | -7.7 | 35 | 28 | 25.0 |
Proposals | 5 | 10 | 10 | -50.0 | -50.0 | 25 | 24 | 4.2 |
Yukon | 9 | 13 | 5 | -30.8 | 80.0 | 55 | 35 | 57.1 |
Bankruptcies | 3 | 7 | 2 | -57.1 | 50.0 | 27 | 18 | 50.0 |
Proposals | 6 | 6 | 3 | 0.0 | 100.0 | 28 | 17 | 64.7 |
Nunavut | 2 | 1 | 3 | 100.0 | -33.3 | 10 | 5 | 100.0 |
Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 4 | 2 | 100.0 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 6 | 3 | 100.0 |
Canada | 31,067 | 31,264 | 31,183 | -0.6 | -0.4 | 129,727 | 125,716 | 3.2 |
Bankruptcies | 15,888 | 15,839 | 16,390 | 0.3 | -3.1 | 66,256 | 66,495 | -0.4 |
Proposals | 15,179 | 15,425 | 14,793 | -1.6 | 2.6 | 63,471 | 59,221 | 7.2 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2016 | Q3 2016 | Q4 2015 | Q3 2016 to Q4 2016 | Q4 2015 to Q4 2016 | 12-31-2016 | 12-31-2015 | % Change | |
Newfoundland and Labrador | 567 | 595 | 465 | -4.7 | 21.9 | 2,399 | 1,822 | 31.7 |
Bankruptcies | 353 | 381 | 351 | -7.3 | 0.6 | 1,552 | 1,498 | 3.6 |
Proposals | 214 | 214 | 114 | 0.0 | 87.7 | 847 | 324 | 161.4 |
Prince Edward Island | 195 | 206 | 216 | -5.3 | -9.7 | 802 | 806 | -0.5 |
Bankruptcies | 125 | 131 | 142 | -4.6 | -12.0 | 500 | 519 | -3.7 |
Proposals | 70 | 75 | 74 | -6.7 | -5.4 | 302 | 287 | 5.2 |
Nova Scotia | 1,447 | 1,574 | 1,347 | -8.1 | 7.4 | 5,948 | 5,232 | 13.7 |
Bankruptcies | 1,022 | 1,073 | 937 | -4.8 | 9.1 | 4,191 | 3,648 | 14.9 |
Proposals | 425 | 501 | 410 | -15.2 | 3.7 | 1,757 | 1,584 | 10.9 |
New Brunswick | 1,152 | 1,097 | 1,013 | 5.0 | 13.7 | 4,442 | 4,331 | 2.6 |
Bankruptcies | 730 | 704 | 652 | 3.7 | 12.0 | 2,904 | 2,814 | 3.2 |
Proposals | 422 | 393 | 361 | 7.4 | 16.9 | 1,538 | 1,517 | 1.4 |
Quebec | 10,285 | 10,249 | 10,610 | 0.4 | -3.1 | 43,009 | 43,705 | -1.6 |
Bankruptcies | 5,871 | 5,805 | 5,983 | 1.1 | -1.9 | 24,241 | 24,539 | -1.2 |
Proposals | 4,414 | 4,444 | 4,627 | -0.7 | -4.6 | 18,768 | 19,166 | -2.1 |
Ontario | 9,435 | 9,477 | 9,925 | -0.4 | -4.9 | 39,611 | 39,935 | -0.8 |
Bankruptcies | 4,023 | 4,011 | 4,471 | 0.3 | -10.0 | 16,904 | 17,958 | -5.9 |
Proposals | 5,412 | 5,466 | 5,454 | -1.0 | -0.8 | 22,707 | 21,977 | 3.3 |
Manitoba | 660 | 625 | 550 | 5.6 | 20.0 | 2,607 | 2,098 | 24.3 |
Bankruptcies | 364 | 352 | 303 | 3.4 | 20.1 | 1,448 | 1,264 | 14.6 |
Proposals | 296 | 273 | 247 | 8.4 | 19.8 | 1,159 | 834 | 39.0 |
Saskatchewan | 752 | 764 | 584 | -1.6 | 28.8 | 2,960 | 2,198 | 34.7 |
Bankruptcies | 354 | 350 | 330 | 1.1 | 7.3 | 1,421 | 1,155 | 23.0 |
Proposals | 398 | 414 | 254 | -3.9 | 56.7 | 1,539 | 1,043 | 47.6 |
Alberta | 3,204 | 3,243 | 2,643 | -1.2 | 21.2 | 13,170 | 9,810 | 34.3 |
Bankruptcies | 1,306 | 1,278 | 1,117 | 2.2 | 16.9 | 5,427 | 4,280 | 26.8 |
Proposals | 1,898 | 1,965 | 1,526 | -3.4 | 24.4 | 7,743 | 5,530 | 40.0 |
British Columbia | 2,398 | 2,553 | 2,768 | -6.1 | -13.4 | 10,806 | 11,580 | -6.7 |
Bankruptcies | 1,022 | 1,095 | 1,293 | -6.7 | -21.0 | 4,719 | 5,683 | -17.0 |
Proposals | 1,376 | 1,458 | 1,475 | -5.6 | -6.7 | 6,087 | 5,897 | 3.2 |
Northwest Territories | 17 | 19 | 23 | -10.5 | -26.1 | 60 | 52 | 15.4 |
Bankruptcies | 12 | 9 | 13 | 33.3 | -7.7 | 35 | 28 | 25.0 |
Proposals | 5 | 10 | 10 | -50.0 | -50.0 | 25 | 24 | 4.2 |
Yukon | 9 | 13 | 5 | -30.8 | 80.0 | 55 | 35 | 57.1 |
Bankruptcies | 3 | 7 | 2 | -57.1 | 50.0 | 27 | 18 | 50.0 |
Proposals | 6 | 6 | 3 | 0.0 | 100.0 | 28 | 17 | 64.7 |
Nunavut | 2 | 1 | 3 | 100.0 | -33.3 | 9 | 5 | 80.0 |
Bankruptcies | 0 | 1 | 1 | -100.0 | -100.0 | 3 | 2 | 50.0 |
Proposals | 2 | 0 | 2 | -- | 0.0 | 6 | 3 | 100.0 |
Canada | 30,123 | 30,416 | 30,152 | -1.0 | -0.1 | 125,878 | 121,609 | 3.5 |
Bankruptcies | 15,185 | 15,197 | 15,595 | -0.1 | -2.6 | 63,372 | 63,406 | -0.1 |
Proposals | 14,938 | 15,219 | 14,557 | -1.8 | 2.6 | 62,506 | 58,203 | 7.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2016 | Q3 2016 | Q4 2015 | Q3 2016 to Q4 2016 | Q4 2015 to Q4 2016 | 12-31-2016 | 12-31-2015 | % Change | |
Newfoundland and Labrador | 10 | 6 | 7 | 66.7 | 42.9 | 28 | 27 | 3.7 |
Bankruptcies | 9 | 5 | 5 | 80.0 | 80.0 | 22 | 21 | 4.8 |
Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 6 | 6 | 0.0 |
Prince Edward Island | 1 | 3 | 3 | -66.7 | -66.7 | 13 | 16 | -18.8 |
Bankruptcies | 0 | 3 | 3 | -100.0 | -100.0 | 7 | 12 | -41.7 |
Proposals | 1 | 0 | 0 | -- | -- | 6 | 4 | 50.0 |
Nova Scotia | 18 | 19 | 17 | -5.3 | 5.9 | 75 | 93 | -19.4 |
Bankruptcies | 13 | 17 | 16 | -23.5 | -18.8 | 63 | 69 | -8.7 |
Proposals | 5 | 2 | 1 | 150.0 | 400.0 | 12 | 24 | -50.0 |
New Brunswick | 13 | 14 | 21 | -7.1 | -38.1 | 59 | 80 | -26.3 |
Bankruptcies | 11 | 11 | 20 | 0.0 | -45.0 | 45 | 59 | -23.7 |
Proposals | 2 | 3 | 1 | -33.3 | 100.0 | 14 | 21 | -33.3 |
Quebec | 526 | 477 | 581 | 10.3 | -9.5 | 2,197 | 2,237 | -1.8 |
Bankruptcies | 400 | 352 | 447 | 13.6 | -10.5 | 1,660 | 1,684 | -1.4 |
Proposals | 126 | 125 | 134 | 0.8 | -6.0 | 537 | 553 | -2.9 |
Ontario | 225 | 217 | 255 | 3.7 | -11.8 | 940 | 1,141 | -17.6 |
Bankruptcies | 163 | 167 | 202 | -2.4 | -19.3 | 691 | 884 | -21.8 |
Proposals | 62 | 50 | 53 | 24.0 | 17.0 | 249 | 257 | -3.1 |
Manitoba | 14 | 10 | 11 | 40.0 | 27.3 | 52 | 38 | 36.8 |
Bankruptcies | 7 | 9 | 9 | -22.2 | -22.2 | 34 | 26 | 30.8 |
Proposals | 7 | 1 | 2 | 600.0 | 250.0 | 18 | 12 | 50.0 |
Saskatchewan | 28 | 25 | 31 | 12.0 | -9.7 | 117 | 119 | -1.7 |
Bankruptcies | 22 | 21 | 23 | 4.8 | -4.3 | 91 | 85 | 7.1 |
Proposals | 6 | 4 | 8 | 50.0 | -25.0 | 26 | 34 | -23.5 |
Alberta | 63 | 35 | 29 | 80.0 | 117.2 | 168 | 134 | 25.4 |
Bankruptcies | 44 | 27 | 23 | 63.0 | 91.3 | 121 | 95 | 27.4 |
Proposals | 19 | 8 | 6 | 137.5 | 216.7 | 47 | 39 | 20.5 |
British Columbia | 46 | 42 | 76 | 9.5 | -39.5 | 199 | 222 | -10.4 |
Bankruptcies | 34 | 30 | 47 | 13.3 | -27.7 | 149 | 154 | -3.2 |
Proposals | 12 | 12 | 29 | 0.0 | -58.6 | 50 | 68 | -26.5 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 944 | 848 | 1,031 | 11.3 | -8.4 | 3,849 | 4,107 | -6.3 |
Bankruptcies | 703 | 642 | 795 | 9.5 | -11.6 | 2,884 | 3,089 | -6.6 |
Proposals | 241 | 206 | 236 | 17.0 | 2.1 | 965 | 1,018 | -5.2 |