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Insolvency Statistics in Canada—Second Quarter of 2017
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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 | |||||
---|---|---|---|---|---|---|---|---|
Q2 2017 | Q1 2017 | Q2 2016 | Q1 2017 to Q2 2017 | Q2 2016 to Q2 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Newfoundland and Labrador | 655 | 603 | 701 | 8.6 | -6.6 | 2,436 | 2,188 | 11.3 |
Bankruptcies | 381 | 339 | 459 | 12.4 | -17.0 | 1,468 | 1,582 | -7.2 |
Proposals | 274 | 264 | 242 | 3.8 | 13.2 | 968 | 606 | 59.7 |
Prince Edward Island | 167 | 180 | 208 | -7.2 | -19.7 | 752 | 827 | -9.1 |
Bankruptcies | 113 | 94 | 124 | 20.2 | -8.9 | 466 | 519 | -10.2 |
Proposals | 54 | 86 | 84 | -37.2 | -35.7 | 286 | 308 | -7.1 |
Nova Scotia | 1,566 | 1,379 | 1,671 | 13.6 | -6.3 | 6,003 | 5,641 | 6.4 |
Bankruptcies | 1,104 | 899 | 1,201 | 22.8 | -8.1 | 4,128 | 3,996 | 3.3 |
Proposals | 462 | 480 | 470 | -3.8 | -1.7 | 1,875 | 1,645 | 14.0 |
New Brunswick | 1,197 | 991 | 1,252 | 20.8 | -4.4 | 4,464 | 4,457 | 0.2 |
Bankruptcies | 724 | 562 | 848 | 28.8 | -14.6 | 2,742 | 2,952 | -7.1 |
Proposals | 473 | 429 | 404 | 10.3 | 17.1 | 1,722 | 1,505 | 14.4 |
Quebec | 11,422 | 11,137 | 12,243 | 2.6 | -6.7 | 44,096 | 45,961 | -4.1 |
Bankruptcies | 6,497 | 6,016 | 7,128 | 8.0 | -8.9 | 24,941 | 26,337 | -5.3 |
Proposals | 4,925 | 5,121 | 5,115 | -3.8 | -3.7 | 19,155 | 19,624 | -2.4 |
Ontario | 10,300 | 9,868 | 11,052 | 4.4 | -6.8 | 39,522 | 41,229 | -4.1 |
Bankruptcies | 4,376 | 3,928 | 4,955 | 11.4 | -11.7 | 16,668 | 18,402 | -9.4 |
Proposals | 5,924 | 5,940 | 6,097 | -0.3 | -2.8 | 22,854 | 22,827 | 0.1 |
Manitoba | 637 | 649 | 733 | -1.8 | -13.1 | 2,595 | 2,450 | 5.9 |
Bankruptcies | 346 | 314 | 424 | 10.2 | -18.4 | 1,392 | 1,380 | 0.9 |
Proposals | 291 | 335 | 309 | -13.1 | -5.8 | 1,203 | 1,070 | 12.4 |
Saskatchewan | 853 | 764 | 823 | 11.6 | 3.6 | 3,186 | 2,722 | 17.0 |
Bankruptcies | 419 | 338 | 419 | 24.0 | 0.0 | 1,504 | 1,425 | 5.5 |
Proposals | 434 | 426 | 404 | 1.9 | 7.4 | 1,682 | 1,297 | 29.7 |
Alberta | 3,426 | 3,390 | 3,559 | 1.1 | -3.7 | 13,361 | 11,973 | 11.6 |
Bankruptcies | 1,343 | 1,348 | 1,484 | -0.4 | -9.5 | 5,346 | 5,118 | 4.5 |
Proposals | 2,083 | 2,042 | 2,075 | 2.0 | 0.4 | 8,015 | 6,855 | 16.9 |
British Columbia | 2,660 | 2,633 | 3,014 | 1.0 | -11.7 | 10,332 | 11,769 | -12.2 |
Bankruptcies | 1,190 | 1,154 | 1,329 | 3.1 | -10.5 | 4,525 | 5,444 | -16.9 |
Proposals | 1,470 | 1,479 | 1,685 | -0.6 | -12.8 | 5,807 | 6,325 | -8.2 |
Northwest Territories | 16 | 11 | 14 | 45.5 | 14.3 | 63 | 58 | 8.6 |
Bankruptcies | 10 | 3 | 9 | 233.3 | 11.1 | 34 | 32 | 6.3 |
Proposals | 6 | 8 | 5 | -25.0 | 20.0 | 29 | 26 | 11.5 |
Yukon | 8 | 8 | 18 | 0.0 | -55.6 | 38 | 51 | -25.5 |
Bankruptcies | 7 | 3 | 10 | 133.3 | -30.0 | 20 | 27 | -25.9 |
Proposals | 1 | 5 | 8 | -80.0 | -87.5 | 18 | 24 | -25.0 |
Nunavut | 0 | 0 | 2 | n/a | -100.0 | 3 | 10 | -70.0 |
Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 1 | 4 | -75.0 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 2 | 6 | -66.7 |
Canada | 32,907 | 31,613 | 35,290 | 4.1 | -6.8 | 126,851 | 129,336 | -1.9 |
Bankruptcies | 16,510 | 14,998 | 18,391 | 10.1 | -10.2 | 63,235 | 67,218 | -5.9 |
Proposals | 16,397 | 16,615 | 16,899 | -1.3 | -3.0 | 63,616 | 62,118 | 2.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2017 | Q1 2017 | Q2 2016 | Q1 2017 to Q2 2017 | Q2 2016 to Q2 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Newfoundland and Labrador | 646 | 593 | 694 | 8.9 | -6.9 | 2,401 | 2,161 | 11.1 |
Bankruptcies | 373 | 335 | 454 | 11.3 | -17.8 | 1,442 | 1,563 | -7.7 |
Proposals | 273 | 258 | 240 | 5.8 | 13.8 | 959 | 598 | 60.4 |
Prince Edward Island | 163 | 174 | 200 | -6.3 | -18.5 | 738 | 812 | -9.1 |
Bankruptcies | 111 | 88 | 121 | 26.1 | -8.3 | 455 | 510 | -10.8 |
Proposals | 52 | 86 | 79 | -39.5 | -34.2 | 283 | 302 | -6.3 |
Nova Scotia | 1,553 | 1,370 | 1,646 | 13.4 | -5.7 | 5,944 | 5,565 | 6.8 |
Bankruptcies | 1,092 | 890 | 1,181 | 22.7 | -7.5 | 4,077 | 3,929 | 3.8 |
Proposals | 461 | 480 | 465 | -4.0 | -0.9 | 1,867 | 1,636 | 14.1 |
New-Brunswick | 1,174 | 983 | 1,237 | 19.4 | -5.1 | 4,406 | 4,382 | 0.5 |
Bankruptcies | 706 | 554 | 837 | 27.4 | -15.7 | 2,694 | 2,892 | -6.8 |
Proposals | 468 | 429 | 400 | 9.1 | 17.0 | 1,712 | 1,490 | 14.9 |
Quebec | 10,877 | 10,592 | 11,678 | 2.7 | -6.9 | 42,003 | 43,715 | -3.9 |
Bankruptcies | 6,060 | 5,619 | 6,712 | 7.8 | -9.7 | 23,355 | 24,626 | -5.2 |
Proposals | 4,817 | 4,973 | 4,966 | -3.1 | -3.0 | 18,648 | 19,089 | -2.3 |
Ontario | 10,090 | 9,644 | 10,779 | 4.6 | -6.4 | 38,646 | 40,201 | -3.9 |
Bankruptcies | 4,218 | 3,771 | 4,762 | 11.9 | -11.4 | 16,023 | 17,624 | -9.1 |
Proposals | 5,872 | 5,873 | 6,017 | 0.0 | -2.4 | 22,623 | 22,577 | 0.2 |
Manitoba | 627 | 637 | 714 | -1.6 | -12.2 | 2,549 | 2,398 | 6.3 |
Bankruptcies | 337 | 302 | 411 | 11.6 | -18.0 | 1,355 | 1,345 | 0.7 |
Proposals | 290 | 335 | 303 | -13.4 | -4.3 | 1,194 | 1,053 | 13.4 |
Saskatchewan | 812 | 734 | 795 | 10.6 | 2.1 | 3,062 | 2,585 | 18.5 |
Bankruptcies | 387 | 320 | 399 | 20.9 | -3.0 | 1,411 | 1,323 | 6.7 |
Proposals | 425 | 414 | 396 | 2.7 | 7.3 | 1,651 | 1,262 | 30.8 |
Alberta | 3,366 | 3,355 | 3,526 | 0.3 | -4.5 | 13,168 | 11,843 | 11.2 |
Bankruptcies | 1,302 | 1,321 | 1,455 | -1.4 | -10.5 | 5,207 | 5,027 | 3.6 |
Proposals | 2,064 | 2,034 | 2,071 | 1.5 | -0.3 | 7,961 | 6,816 | 16.8 |
British Columbia | 2,623 | 2,583 | 2,961 | 1.5 | -11.4 | 10,157 | 11,532 | -11.9 |
Bankruptcies | 1,159 | 1,110 | 1,284 | 4.4 | -9.7 | 4,386 | 5,270 | -16.8 |
Proposals | 1,464 | 1,473 | 1,677 | -0.6 | -12.7 | 5,771 | 6,262 | -7.8 |
Northwest Territories | 15 | 11 | 14 | 36.4 | 7.1 | 62 | 58 | 6.9 |
Bankruptcies | 9 | 3 | 9 | 200.0 | 0.0 | 33 | 32 | 3.1 |
Proposals | 6 | 8 | 5 | -25.0 | 20.0 | 29 | 26 | 11.5 |
Yukon | 8 | 8 | 18 | 0.0 | -55.6 | 38 | 51 | -25.5 |
Bankruptcies | 7 | 3 | 10 | 133.3 | -30.0 | 20 | 27 | -25.9 |
Proposals | 1 | 5 | 8 | -80.0 | -87.5 | 18 | 24 | -25.0 |
Nunavut | 0 | 0 | 1 | n/a | -100.0 | 3 | 9 | -66.7 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 1 | 3 | -66.7 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 2 | 6 | -66.7 |
Canada | 31,954 | 30,684 | 34,263 | 4.1 | -6.7 | 123,177 | 125,312 | -1.7 |
Bankruptcies | 15,761 | 14,316 | 17,635 | 10.1 | -10.6 | 60,459 | 64,171 | -5.8 |
Proposals | 16,193 | 16,368 | 16,628 | -1.1 | -2.6 | 62,718 | 61,141 | 2.6 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2017 | Q1 2017 | Q2 2016 | Q1 2017 to Q2 2017 | Q2 2016 to Q2 2017 | 06-30-2017 | 06-30-2016 | % Change | |
Newfoundland and Labrador | 9 | 10 | 7 | -10.0 | 28.6 | 35 | 27 | 29.6 |
Bankruptcies | 8 | 4 | 5 | 100.0 | 60.0 | 26 | 19 | 36.8 |
Proposals | 1 | 6 | 2 | -83.3 | -50.0 | 9 | 8 | 12.5 |
Prince Edward Island | 4 | 6 | 8 | -33.3 | -50.0 | 14 | 15 | -6.7 |
Bankruptcies | 2 | 6 | 3 | -66.7 | -33.3 | 11 | 9 | 22.2 |
Proposals | 2 | 0 | 5 | n/a | -60.0 | 3 | 6 | -50.0 |
Nova Scotia | 13 | 9 | 25 | 44.4 | -48.0 | 59 | 76 | -22.4 |
Bankruptcies | 12 | 9 | 20 | 33.3 | -40.0 | 51 | 67 | -23.9 |
Proposals | 1 | 0 | 5 | n/a | -80.0 | 8 | 9 | -11.1 |
New Brunswick | 23 | 8 | 15 | 187.5 | 53.3 | 58 | 75 | -22.7 |
Bankruptcies | 18 | 8 | 11 | 125.0 | 63.6 | 48 | 60 | -20.0 |
Proposals | 5 | 0 | 4 | n/a | 25.0 | 10 | 15 | -33.3 |
Quebec | 545 | 545 | 565 | 0.0 | -3.5 | 2,093 | 2,246 | -6.8 |
Bankruptcies | 437 | 397 | 416 | 10.1 | 5.0 | 1,586 | 1,711 | -7.3 |
Proposals | 108 | 148 | 149 | -27.0 | -27.5 | 507 | 535 | -5.2 |
Ontario | 210 | 224 | 273 | -6.3 | -23.1 | 876 | 1,028 | -14.8 |
Bankruptcies | 158 | 157 | 193 | 0.6 | -18.1 | 645 | 778 | -17.1 |
Proposals | 52 | 67 | 80 | -22.4 | -35.0 | 231 | 250 | -7.6 |
Manitoba | 10 | 12 | 19 | -16.7 | -47.4 | 46 | 52 | -11.5 |
Bankruptcies | 9 | 12 | 13 | -25.0 | -30.8 | 37 | 35 | 5.7 |
Proposals | 1 | 0 | 6 | n/a | -83.3 | 9 | 17 | -47.1 |
Saskatchewan | 41 | 30 | 28 | 36.7 | 46.4 | 124 | 137 | -9.5 |
Bankruptcies | 32 | 18 | 20 | 77.8 | 60.0 | 93 | 102 | -8.8 |
Proposals | 9 | 12 | 8 | -25.0 | 12.5 | 31 | 35 | -11.4 |
Alberta | 60 | 35 | 33 | 71.4 | 81.8 | 193 | 130 | 48.5 |
Bankruptcies | 41 | 27 | 29 | 51.9 | 41.4 | 139 | 91 | 52.7 |
Proposals | 19 | 8 | 4 | 137.5 | 375.0 | 54 | 39 | 38.5 |
British Columbia | 37 | 50 | 53 | -26.0 | -30.2 | 175 | 237 | -26.2 |
Bankruptcies | 31 | 44 | 45 | -29.5 | -31.1 | 139 | 174 | -20.1 |
Proposals | 6 | 6 | 8 | 0.0 | -25.0 | 36 | 63 | -42.9 |
Northwest Territories | 1 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
Bankruptcies | 1 | 0 | 0 | n/a | n/a | 1 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Yukon | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Nunavut | 0 | 0 | 1 | n/a | -100.0 | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Canada | 953 | 929 | 1,027 | 2.6 | -7.2 | 3,674 | 4,024 | -8.7 |
Bankruptcies | 749 | 682 | 756 | 9.8 | -0.9 | 2,776 | 3,047 | -8.9 |
Proposals | 204 | 247 | 271 | -17.4 | -24.7 | 898 | 977 | -8.1 |