Insolvency Statistics in Canada—First Quarter of 2017

Tables

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).
Table 1: Total Insolvencies
provinceVolume% Change12-Month Period Ending
Q1 2017Q4 2016Q1 2016Q4 2016 to Q1 2017Q1 2016 to Q1 201703-31-201703-31-2016% Change
Newfoundland and Labrador6035775484.510.02,4821,99924.2
Bankruptcies339362367-6.4-7.61,5461,552-0.4
Proposals26421518122.845.9936447109.4
Prince Edward Island180196202-8.2-10.9793841-5.7
Bankruptcies94125124-24.8-24.2477534-10.7
Proposals86717821.110.33163072.9
Nova Scotia1,3791,4651,294-5.96.66,1085,39213.3
Bankruptcies8991,035928-13.1-3.14,2253,83310.2
Proposals48043036611.631.11,8831,55920.8
New Brunswick9911,165973-14.91.84,5194,4282.1
Bankruptcies562741645-24.2-12.92,8662,887-0.7
Proposals4294243281.230.81,6531,5417.3
Quebec11,13710,81111,4263.0-2.544,91745,617-1.5
Bankruptcies6,0166,2716,345-4.1-5.225,57226,198-2.4
Proposals5,1214,5405,08112.80.819,34519,419-0.4
Ontario9,8689,66010,1452.2-2.740,27441,045-1.9
Bankruptcies3,9284,1864,276-6.2-8.117,24718,564-7.1
Proposals5,9405,4745,8698.51.223,02722,4812.4
Manitoba649674617-3.75.22,6912,25119.5
Bankruptcies314371326-15.4-3.71,4701,32311.1
Proposals33530329110.615.11,22192831.6
Saskatchewan764780685-2.111.53,1562,47627.5
Bankruptcies338376346-10.1-2.31,5041,32213.8
Proposals4264043395.425.71,6521,15443.2
Alberta3,3903,2673,2343.84.813,49410,92423.5
Bankruptcies1,3481,3501,409-0.1-4.35,4874,76715.1
Proposals2,0421,9171,8256.511.98,0076,15730.0
British Columbia2,6332,4442,9527.7-10.810,68611,801-9.4
Bankruptcies1,1541,0561,3589.3-15.04,6645,660-17.6
Proposals1,4791,3881,5946.6-7.26,0226,141-1.9
Northwest Territories111710-35.310.0615413.0
Bankruptcies3125-75.0-40.0332913.8
Proposals85560.060.0282512.0
Yukon8915-11.1-46.7483923.1
Bankruptcies3370.0-57.1231827.8
Proposals568-16.7-37.5252119.0
Nunavut025-100.0-100.059-44.4
Bankruptcies002---100.024-50.0
Proposals023-100.0-100.035-40.0
Canada31,61331,06732,1061.8-1.5129,234126,8761.9
Bankruptcies14,99815,88816,138-5.6-7.165,11666,691-2.4
Proposals16,61515,17915,9689.54.164,11860,1856.5
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q1 2017Q4 2016Q1 2016Q4 2016 to Q1 2017Q1 2016 to Q1 201703-31-201703-31-2016% Change
Newfoundland and Labrador5935675434.69.22,4491,97324.1
Bankruptcies335353364-5.1-8.01,5231,532-0.6
Proposals25821417920.644.1926441110.0
Prince Edward Island174195201-10.8-13.4775828-6.4
Bankruptcies88125123-29.6-28.5465523-11.1
Proposals86707822.910.33103051.6
Nova Scotia1,3701,4471,281-5.36.96,0375,30513.8
Bankruptcies8901,022915-12.9-2.74,1663,76010.8
Proposals48042536612.931.11,8711,54521.1
New Brunswick9831,152956-14.72.84,4694,3542.6
Bankruptcies554730633-24.1-12.52,8252,828-0.1
Proposals4294223231.732.81,6441,5267.7
Quebec10,59210,28510,7973.0-1.942,80443,373-1.3
Bankruptcies5,6195,8715,853-4.3-4.024,00724,488-2.0
Proposals4,9734,4144,94412.70.618,79718,885-0.5
Ontario9,6449,4359,9202.2-2.839,33539,990-1.6
Bankruptcies3,7714,0234,108-6.3-8.216,56717,751-6.7
Proposals5,8735,4125,8128.51.022,76822,2392.4
Manitoba637660608-3.54.82,6362,21019.3
Bankruptcies302364321-17.0-5.91,4291,29510.3
Proposals33529628713.216.71,20791531.9
Saskatchewan734752649-2.413.13,0452,34230.0
Bankruptcies320354318-9.60.61,4231,22216.4
Proposals4143983314.025.11,6221,12044.8
Alberta3,3553,2043,1974.74.913,32810,78323.6
Bankruptcies1,3211,3061,3881.1-4.85,3604,67114.8
Proposals2,0341,8981,8097.212.47,9686,11230.4
British Columbia2,5832,3982,8947.7-10.710,49511,567-9.3
Bankruptcies1,1101,0221,3188.6-15.84,5115,493-17.9
Proposals1,4731,3761,5767.0-6.55,9846,074-1.5
Northwest Territories111710-35.310.0615413.0
Bankruptcies3125-75.0-40.0332913.8
Proposals85560.060.0282512.0
Yukon8915-11.1-46.7483923.1
Bankruptcies3370.0-57.1231827.8
Proposals568-16.7-37.5252119.0
Nunavut025-100.0-100.049-55.6
Bankruptcies002---100.014-75.0
Proposals023-100.0-100.035-40.0
Canada30,68430,12331,0761.9-1.3125,486122,8272.2
Bankruptcies14,31615,18515,355-5.7-6.862,33363,614-2.0
Proposals16,36814,93815,7219.64.163,15359,2136.7
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q1 2017Q4 2016Q1 2016Q4 2016 to Q1 2017Q1 2016 to Q1 201703-31-201703-31-2016% Change
Newfoundland and Labrador101050.0100.0332626.9
Bankruptcies493-55.633.3232015.0
Proposals612500.0200.010666.7
Prince Edward Island611500.0500.0181338.5
Bankruptcies601--500.012119.1
Proposals010-100.0--62200.0
Nova Scotia91813-50.0-30.87187-18.4
Bankruptcies91313-30.8-30.85973-19.2
Proposals050-100.0--1214-14.3
New Brunswick81317-38.5-52.95074-32.4
Bankruptcies81112-27.3-33.34159-30.5
Proposals025-100.0-100.0915-40.0
Quebec5455266293.6-13.42,1132,244-5.8
Bankruptcies397400492-0.7-19.31,5651,710-8.5
Proposals14812613717.58.05485342.6
Ontario224225225-0.4-0.49391,055-11.0
Bankruptcies157163168-3.7-6.5680813-16.4
Proposals6762578.117.52592427.0
Manitoba12149-14.333.3554134.1
Bankruptcies127571.4140.0412846.4
Proposals074-100.0-100.014137.7
Saskatchewan3028367.1-16.7111134-17.2
Bankruptcies182228-18.2-35.781100-19.0
Proposals1268100.050.03034-11.8
Alberta356337-44.4-5.416614117.7
Bankruptcies274421-38.628.61279632.3
Proposals81916-57.9-50.03945-13.3
British Columbia5046588.7-13.8191234-18.4
Bankruptcies44344029.410.0153167-8.4
Proposals61218-50.0-66.73867-43.3
Northwest Territories000----00--
Bankruptcies000----00--
Proposals000----00--
Yukon000----00--
Bankruptcies000----00--
Proposals000----00--
Nunavut000----10--
Bankruptcies000----10--
Proposals000----00--
Canada9299441,030-1.6-9.83,7484,049-7.4
Bankruptcies682703783-3.0-12.92,7833,077-9.6
Proposals2472412472.50.0965972-0.7