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Insolvency Statistics in Canada
First Quarter of 2017
277 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 | |||||
---|---|---|---|---|---|---|---|---|
Q1 2017 | Q4 2016 | Q1 2016 | Q4 2016 to Q1 2017 | Q1 2016 to Q1 2017 | 03-31-2017 | 03-31-2016 | % Change | |
Newfoundland and Labrador | 603 | 577 | 548 | 4.5 | 10.0 | 2,482 | 1,999 | 24.2 |
Bankruptcies | 339 | 362 | 367 | -6.4 | -7.6 | 1,546 | 1,552 | -0.4 |
Proposals | 264 | 215 | 181 | 22.8 | 45.9 | 936 | 447 | 109.4 |
Prince Edward Island | 180 | 196 | 202 | -8.2 | -10.9 | 793 | 841 | -5.7 |
Bankruptcies | 94 | 125 | 124 | -24.8 | -24.2 | 477 | 534 | -10.7 |
Proposals | 86 | 71 | 78 | 21.1 | 10.3 | 316 | 307 | 2.9 |
Nova Scotia | 1,379 | 1,465 | 1,294 | -5.9 | 6.6 | 6,108 | 5,392 | 13.3 |
Bankruptcies | 899 | 1,035 | 928 | -13.1 | -3.1 | 4,225 | 3,833 | 10.2 |
Proposals | 480 | 430 | 366 | 11.6 | 31.1 | 1,883 | 1,559 | 20.8 |
New Brunswick | 991 | 1,165 | 973 | -14.9 | 1.8 | 4,519 | 4,428 | 2.1 |
Bankruptcies | 562 | 741 | 645 | -24.2 | -12.9 | 2,866 | 2,887 | -0.7 |
Proposals | 429 | 424 | 328 | 1.2 | 30.8 | 1,653 | 1,541 | 7.3 |
Quebec | 11,137 | 10,811 | 11,426 | 3.0 | -2.5 | 44,917 | 45,617 | -1.5 |
Bankruptcies | 6,016 | 6,271 | 6,345 | -4.1 | -5.2 | 25,572 | 26,198 | -2.4 |
Proposals | 5,121 | 4,540 | 5,081 | 12.8 | 0.8 | 19,345 | 19,419 | -0.4 |
Ontario | 9,868 | 9,660 | 10,145 | 2.2 | -2.7 | 40,274 | 41,045 | -1.9 |
Bankruptcies | 3,928 | 4,186 | 4,276 | -6.2 | -8.1 | 17,247 | 18,564 | -7.1 |
Proposals | 5,940 | 5,474 | 5,869 | 8.5 | 1.2 | 23,027 | 22,481 | 2.4 |
Manitoba | 649 | 674 | 617 | -3.7 | 5.2 | 2,691 | 2,251 | 19.5 |
Bankruptcies | 314 | 371 | 326 | -15.4 | -3.7 | 1,470 | 1,323 | 11.1 |
Proposals | 335 | 303 | 291 | 10.6 | 15.1 | 1,221 | 928 | 31.6 |
Saskatchewan | 764 | 780 | 685 | -2.1 | 11.5 | 3,156 | 2,476 | 27.5 |
Bankruptcies | 338 | 376 | 346 | -10.1 | -2.3 | 1,504 | 1,322 | 13.8 |
Proposals | 426 | 404 | 339 | 5.4 | 25.7 | 1,652 | 1,154 | 43.2 |
Alberta | 3,390 | 3,267 | 3,234 | 3.8 | 4.8 | 13,494 | 10,924 | 23.5 |
Bankruptcies | 1,348 | 1,350 | 1,409 | -0.1 | -4.3 | 5,487 | 4,767 | 15.1 |
Proposals | 2,042 | 1,917 | 1,825 | 6.5 | 11.9 | 8,007 | 6,157 | 30.0 |
British Columbia | 2,633 | 2,444 | 2,952 | 7.7 | -10.8 | 10,686 | 11,801 | -9.4 |
Bankruptcies | 1,154 | 1,056 | 1,358 | 9.3 | -15.0 | 4,664 | 5,660 | -17.6 |
Proposals | 1,479 | 1,388 | 1,594 | 6.6 | -7.2 | 6,022 | 6,141 | -1.9 |
Northwest Territories | 11 | 17 | 10 | -35.3 | 10.0 | 61 | 54 | 13.0 |
Bankruptcies | 3 | 12 | 5 | -75.0 | -40.0 | 33 | 29 | 13.8 |
Proposals | 8 | 5 | 5 | 60.0 | 60.0 | 28 | 25 | 12.0 |
Yukon | 8 | 9 | 15 | -11.1 | -46.7 | 48 | 39 | 23.1 |
Bankruptcies | 3 | 3 | 7 | 0.0 | -57.1 | 23 | 18 | 27.8 |
Proposals | 5 | 6 | 8 | -16.7 | -37.5 | 25 | 21 | 19.0 |
Nunavut | 0 | 2 | 5 | -100.0 | -100.0 | 5 | 9 | -44.4 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 2 | 4 | -50.0 |
Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 3 | 5 | -40.0 |
Canada | 31,613 | 31,067 | 32,106 | 1.8 | -1.5 | 129,234 | 126,876 | 1.9 |
Bankruptcies | 14,998 | 15,888 | 16,138 | -5.6 | -7.1 | 65,116 | 66,691 | -2.4 |
Proposals | 16,615 | 15,179 | 15,968 | 9.5 | 4.1 | 64,118 | 60,185 | 6.5 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2017 | Q4 2016 | Q1 2016 | Q4 2016 to Q1 2017 | Q1 2016 to Q1 2017 | 03-31-2017 | 03-31-2016 | % Change | |
Newfoundland and Labrador | 593 | 567 | 543 | 4.6 | 9.2 | 2,449 | 1,973 | 24.1 |
Bankruptcies | 335 | 353 | 364 | -5.1 | -8.0 | 1,523 | 1,532 | -0.6 |
Proposals | 258 | 214 | 179 | 20.6 | 44.1 | 926 | 441 | 110.0 |
Prince Edward Island | 174 | 195 | 201 | -10.8 | -13.4 | 775 | 828 | -6.4 |
Bankruptcies | 88 | 125 | 123 | -29.6 | -28.5 | 465 | 523 | -11.1 |
Proposals | 86 | 70 | 78 | 22.9 | 10.3 | 310 | 305 | 1.6 |
Nova Scotia | 1,370 | 1,447 | 1,281 | -5.3 | 6.9 | 6,037 | 5,305 | 13.8 |
Bankruptcies | 890 | 1,022 | 915 | -12.9 | -2.7 | 4,166 | 3,760 | 10.8 |
Proposals | 480 | 425 | 366 | 12.9 | 31.1 | 1,871 | 1,545 | 21.1 |
New Brunswick | 983 | 1,152 | 956 | -14.7 | 2.8 | 4,469 | 4,354 | 2.6 |
Bankruptcies | 554 | 730 | 633 | -24.1 | -12.5 | 2,825 | 2,828 | -0.1 |
Proposals | 429 | 422 | 323 | 1.7 | 32.8 | 1,644 | 1,526 | 7.7 |
Quebec | 10,592 | 10,285 | 10,797 | 3.0 | -1.9 | 42,804 | 43,373 | -1.3 |
Bankruptcies | 5,619 | 5,871 | 5,853 | -4.3 | -4.0 | 24,007 | 24,488 | -2.0 |
Proposals | 4,973 | 4,414 | 4,944 | 12.7 | 0.6 | 18,797 | 18,885 | -0.5 |
Ontario | 9,644 | 9,435 | 9,920 | 2.2 | -2.8 | 39,335 | 39,990 | -1.6 |
Bankruptcies | 3,771 | 4,023 | 4,108 | -6.3 | -8.2 | 16,567 | 17,751 | -6.7 |
Proposals | 5,873 | 5,412 | 5,812 | 8.5 | 1.0 | 22,768 | 22,239 | 2.4 |
Manitoba | 637 | 660 | 608 | -3.5 | 4.8 | 2,636 | 2,210 | 19.3 |
Bankruptcies | 302 | 364 | 321 | -17.0 | -5.9 | 1,429 | 1,295 | 10.3 |
Proposals | 335 | 296 | 287 | 13.2 | 16.7 | 1,207 | 915 | 31.9 |
Saskatchewan | 734 | 752 | 649 | -2.4 | 13.1 | 3,045 | 2,342 | 30.0 |
Bankruptcies | 320 | 354 | 318 | -9.6 | 0.6 | 1,423 | 1,222 | 16.4 |
Proposals | 414 | 398 | 331 | 4.0 | 25.1 | 1,622 | 1,120 | 44.8 |
Alberta | 3,355 | 3,204 | 3,197 | 4.7 | 4.9 | 13,328 | 10,783 | 23.6 |
Bankruptcies | 1,321 | 1,306 | 1,388 | 1.1 | -4.8 | 5,360 | 4,671 | 14.8 |
Proposals | 2,034 | 1,898 | 1,809 | 7.2 | 12.4 | 7,968 | 6,112 | 30.4 |
British Columbia | 2,583 | 2,398 | 2,894 | 7.7 | -10.7 | 10,495 | 11,567 | -9.3 |
Bankruptcies | 1,110 | 1,022 | 1,318 | 8.6 | -15.8 | 4,511 | 5,493 | -17.9 |
Proposals | 1,473 | 1,376 | 1,576 | 7.0 | -6.5 | 5,984 | 6,074 | -1.5 |
Northwest Territories | 11 | 17 | 10 | -35.3 | 10.0 | 61 | 54 | 13.0 |
Bankruptcies | 3 | 12 | 5 | -75.0 | -40.0 | 33 | 29 | 13.8 |
Proposals | 8 | 5 | 5 | 60.0 | 60.0 | 28 | 25 | 12.0 |
Yukon | 8 | 9 | 15 | -11.1 | -46.7 | 48 | 39 | 23.1 |
Bankruptcies | 3 | 3 | 7 | 0.0 | -57.1 | 23 | 18 | 27.8 |
Proposals | 5 | 6 | 8 | -16.7 | -37.5 | 25 | 21 | 19.0 |
Nunavut | 0 | 2 | 5 | -100.0 | -100.0 | 4 | 9 | -55.6 |
Bankruptcies | 0 | 0 | 2 | -- | -100.0 | 1 | 4 | -75.0 |
Proposals | 0 | 2 | 3 | -100.0 | -100.0 | 3 | 5 | -40.0 |
Canada | 30,684 | 30,123 | 31,076 | 1.9 | -1.3 | 125,486 | 122,827 | 2.2 |
Bankruptcies | 14,316 | 15,185 | 15,355 | -5.7 | -6.8 | 62,333 | 63,614 | -2.0 |
Proposals | 16,368 | 14,938 | 15,721 | 9.6 | 4.1 | 63,153 | 59,213 | 6.7 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q1 2017 | Q4 2016 | Q1 2016 | Q4 2016 to Q1 2017 | Q1 2016 to Q1 2017 | 03-31-2017 | 03-31-2016 | % Change | |
Newfoundland and Labrador | 10 | 10 | 5 | 0.0 | 100.0 | 33 | 26 | 26.9 |
Bankruptcies | 4 | 9 | 3 | -55.6 | 33.3 | 23 | 20 | 15.0 |
Proposals | 6 | 1 | 2 | 500.0 | 200.0 | 10 | 6 | 66.7 |
Prince Edward Island | 6 | 1 | 1 | 500.0 | 500.0 | 18 | 13 | 38.5 |
Bankruptcies | 6 | 0 | 1 | -- | 500.0 | 12 | 11 | 9.1 |
Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 2 | 200.0 |
Nova Scotia | 9 | 18 | 13 | -50.0 | -30.8 | 71 | 87 | -18.4 |
Bankruptcies | 9 | 13 | 13 | -30.8 | -30.8 | 59 | 73 | -19.2 |
Proposals | 0 | 5 | 0 | -100.0 | -- | 12 | 14 | -14.3 |
New Brunswick | 8 | 13 | 17 | -38.5 | -52.9 | 50 | 74 | -32.4 |
Bankruptcies | 8 | 11 | 12 | -27.3 | -33.3 | 41 | 59 | -30.5 |
Proposals | 0 | 2 | 5 | -100.0 | -100.0 | 9 | 15 | -40.0 |
Quebec | 545 | 526 | 629 | 3.6 | -13.4 | 2,113 | 2,244 | -5.8 |
Bankruptcies | 397 | 400 | 492 | -0.7 | -19.3 | 1,565 | 1,710 | -8.5 |
Proposals | 148 | 126 | 137 | 17.5 | 8.0 | 548 | 534 | 2.6 |
Ontario | 224 | 225 | 225 | -0.4 | -0.4 | 939 | 1,055 | -11.0 |
Bankruptcies | 157 | 163 | 168 | -3.7 | -6.5 | 680 | 813 | -16.4 |
Proposals | 67 | 62 | 57 | 8.1 | 17.5 | 259 | 242 | 7.0 |
Manitoba | 12 | 14 | 9 | -14.3 | 33.3 | 55 | 41 | 34.1 |
Bankruptcies | 12 | 7 | 5 | 71.4 | 140.0 | 41 | 28 | 46.4 |
Proposals | 0 | 7 | 4 | -100.0 | -100.0 | 14 | 13 | 7.7 |
Saskatchewan | 30 | 28 | 36 | 7.1 | -16.7 | 111 | 134 | -17.2 |
Bankruptcies | 18 | 22 | 28 | -18.2 | -35.7 | 81 | 100 | -19.0 |
Proposals | 12 | 6 | 8 | 100.0 | 50.0 | 30 | 34 | -11.8 |
Alberta | 35 | 63 | 37 | -44.4 | -5.4 | 166 | 141 | 17.7 |
Bankruptcies | 27 | 44 | 21 | -38.6 | 28.6 | 127 | 96 | 32.3 |
Proposals | 8 | 19 | 16 | -57.9 | -50.0 | 39 | 45 | -13.3 |
British Columbia | 50 | 46 | 58 | 8.7 | -13.8 | 191 | 234 | -18.4 |
Bankruptcies | 44 | 34 | 40 | 29.4 | 10.0 | 153 | 167 | -8.4 |
Proposals | 6 | 12 | 18 | -50.0 | -66.7 | 38 | 67 | -43.3 |
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 | 929 | 944 | 1,030 | -1.6 | -9.8 | 3,748 | 4,049 | -7.4 |
Bankruptcies | 682 | 703 | 783 | -3.0 | -12.9 | 2,783 | 3,077 | -9.6 |
Proposals | 247 | 241 | 247 | 2.5 | 0.0 | 965 | 972 | -0.7 |