Insolvency Statistics in Canada—Second 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
Q2 2017Q1 2017Q2 2016Q1 2017 to Q2 2017Q2 2016 to Q2 201706-30-201706-30-2016% Change
Newfoundland and Labrador6556037018.6-6.62,4362,18811.3
Bankruptcies38133945912.4-17.01,4681,582-7.2
Proposals2742642423.813.296860659.7
Prince Edward Island167180208-7.2-19.7752827-9.1
Bankruptcies1139412420.2-8.9466519-10.2
Proposals548684-37.2-35.7286308-7.1
Nova Scotia1,5661,3791,67113.6-6.36,0035,6416.4
Bankruptcies1,1048991,20122.8-8.14,1283,9963.3
Proposals462480470-3.8-1.71,8751,64514.0
New Brunswick1,1979911,25220.8-4.44,4644,4570.2
Bankruptcies72456284828.8-14.62,7422,952-7.1
Proposals47342940410.317.11,7221,50514.4
Quebec11,42211,13712,2432.6-6.744,09645,961-4.1
Bankruptcies6,4976,0167,1288.0-8.924,94126,337-5.3
Proposals4,9255,1215,115-3.8-3.719,15519,624-2.4
Ontario10,3009,86811,0524.4-6.839,52241,229-4.1
Bankruptcies4,3763,9284,95511.4-11.716,66818,402-9.4
Proposals5,9245,9406,097-0.3-2.822,85422,8270.1
Manitoba637649733-1.8-13.12,5952,4505.9
Bankruptcies34631442410.2-18.41,3921,3800.9
Proposals291335309-13.1-5.81,2031,07012.4
Saskatchewan85376482311.63.63,1862,72217.0
Bankruptcies41933841924.00.01,5041,4255.5
Proposals4344264041.97.41,6821,29729.7
Alberta3,4263,3903,5591.1-3.713,36111,97311.6
Bankruptcies1,3431,3481,484-0.4-9.55,3465,1184.5
Proposals2,0832,0422,0752.00.48,0156,85516.9
British Columbia2,6602,6333,0141.0-11.710,33211,769-12.2
Bankruptcies1,1901,1541,3293.1-10.54,5255,444-16.9
Proposals1,4701,4791,685-0.6-12.85,8076,325-8.2
Northwest Territories16111445.514.363588.6
Bankruptcies1039233.311.134326.3
Proposals685-25.020.0292611.5
Yukon88180.0-55.63851-25.5
Bankruptcies7310133.3-30.02027-25.9
Proposals158-80.0-87.51824-25.0
Nunavut002n/a-100.0310-70.0
Bankruptcies001n/a-100.014-75.0
Proposals001n/a-100.026-66.7
Canada32,90731,61335,2904.1-6.8126,851129,336-1.9
Bankruptcies16,51014,99818,39110.1-10.263,23567,218-5.9
Proposals16,39716,61516,899-1.3-3.063,61662,1182.4
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q2 2017Q1 2017Q2 2016Q1 2017 to Q2 2017Q2 2016 to Q2 201706-30-201706-30-2016% Change
Newfoundland and Labrador6465936948.9-6.92,4012,16111.1
Bankruptcies37333545411.3-17.81,4421,563-7.7
Proposals2732582405.813.895959860.4
Prince Edward Island163174200-6.3-18.5738812-9.1
Bankruptcies1118812126.1-8.3455510-10.8
Proposals528679-39.5-34.2283302-6.3
Nova Scotia1,5531,3701,64613.4-5.75,9445,5656.8
Bankruptcies1,0928901,18122.7-7.54,0773,9293.8
Proposals461480465-4.0-0.91,8671,63614.1
New-Brunswick1,1749831,23719.4-5.14,4064,3820.5
Bankruptcies70655483727.4-15.72,6942,892-6.8
Proposals4684294009.117.01,7121,49014.9
Quebec10,87710,59211,6782.7-6.942,00343,715-3.9
Bankruptcies6,0605,6196,7127.8-9.723,35524,626-5.2
Proposals4,8174,9734,966-3.1-3.018,64819,089-2.3
Ontario10,0909,64410,7794.6-6.438,64640,201-3.9
Bankruptcies4,2183,7714,76211.9-11.416,02317,624-9.1
Proposals5,8725,8736,0170.0-2.422,62322,5770.2
Manitoba627637714-1.6-12.22,5492,3986.3
Bankruptcies33730241111.6-18.01,3551,3450.7
Proposals290335303-13.4-4.31,1941,05313.4
Saskatchewan81273479510.62.13,0622,58518.5
Bankruptcies38732039920.9-3.01,4111,3236.7
Proposals4254143962.77.31,6511,26230.8
Alberta3,3663,3553,5260.3-4.513,16811,84311.2
Bankruptcies1,3021,3211,455-1.4-10.55,2075,0273.6
Proposals2,0642,0342,0711.5-0.37,9616,81616.8
British Columbia2,6232,5832,9611.5-11.410,15711,532-11.9
Bankruptcies1,1591,1101,2844.4-9.74,3865,270-16.8
Proposals1,4641,4731,677-0.6-12.75,7716,262-7.8
Northwest Territories15111436.47.162586.9
Bankruptcies939200.00.033323.1
Proposals685-25.020.0292611.5
Yukon88180.0-55.63851-25.5
Bankruptcies7310133.3-30.02027-25.9
Proposals158-80.0-87.51824-25.0
Nunavut001n/a-100.039-66.7
Bankruptcies000n/an/a13-66.7
Proposals001n/a-100.026-66.7
Canada31,95430,68434,2634.1-6.7123,177125,312-1.7
Bankruptcies15,76114,31617,63510.1-10.660,45964,171-5.8
Proposals16,19316,36816,628-1.1-2.662,71861,1412.6
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q2 2017Q1 2017Q2 2016Q1 2017 to Q2 2017Q2 2016 to Q2 201706-30-201706-30-2016% Change
Newfoundland and Labrador9107-10.028.6352729.6
Bankruptcies845100.060.0261936.8
Proposals162-83.3-50.09812.5
Prince Edward Island468-33.3-50.01415-6.7
Bankruptcies263-66.7-33.311922.2
Proposals205n/a-60.036-50.0
Nova Scotia1392544.4-48.05976-22.4
Bankruptcies1292033.3-40.05167-23.9
Proposals105n/a-80.089-11.1
New Brunswick23815187.553.35875-22.7
Bankruptcies18811125.063.64860-20.0
Proposals504n/a25.01015-33.3
Quebec5455455650.0-3.52,0932,246-6.8
Bankruptcies43739741610.15.01,5861,711-7.3
Proposals108148149-27.0-27.5507535-5.2
Ontario210224273-6.3-23.18761,028-14.8
Bankruptcies1581571930.6-18.1645778-17.1
Proposals526780-22.4-35.0231250-7.6
Manitoba101219-16.7-47.44652-11.5
Bankruptcies91213-25.0-30.837355.7
Proposals106n/a-83.3917-47.1
Saskatchewan41302836.746.4124137-9.5
Bankruptcies32182077.860.093102-8.8
Proposals9128-25.012.53135-11.4
Alberta60353371.481.819313048.5
Bankruptcies41272951.941.41399152.7
Proposals1984137.5375.0543938.5
British Columbia375053-26.0-30.2175237-26.2
Bankruptcies314445-29.5-31.1139174-20.1
Proposals6680.0-25.03663-42.9
Northwest Territories100n/an/a10n/a
Bankruptcies100n/an/a10n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut001n/a-100.001-100.0
Bankruptcies001n/a-100.001-100.0
Proposals000n/an/a00n/a
Canada9539291,0272.6-7.23,6744,024-8.7
Bankruptcies7496827569.8-0.92,7763,047-8.9
Proposals204247271-17.4-24.7898977-8.1