Insolvency Statistics in Canada—Second Quarter of 2019

Tables

Glossary

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.

Business: Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.

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.

Consumer: An individual with more than 50% of total liabilities related to consumer goods and services.

Corporation: A commercial entity or organization.

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).

Individual Business: An individual who has incurred 50% or more of total liabilities as a result of operating a business.

North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.

Proposal: 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.

Table 1: Total Insolvencies
provinceVolume% Change12-Month Period Ending
Q2 2019Q1 2019Q2 2018Q1 2019
to
Q2 2019
Q2 2018
to
Q2 2019
06-30-201906-30-2018% Change
Newfoundland and Labrador91977274519.023.43,0772,69714.1
Bankruptcies43832637934.415.61,4661,3647.5
Proposals4814463667.831.41,6111,33320.9
Prince Edward Island20717118921.19.57327191.8
Bankruptcies1059212014.1-12.5393423-7.1
Proposals102796929.147.833929614.5
Nova Scotia1,6251,3951,55516.54.55,7925,6981.6
Bankruptcies90678797915.1-7.53,4313,625-5.4
Proposals71960857618.324.82,3612,07313.9
New Brunswick1,3211,0991,18620.211.44,8044,36310.1
Bankruptcies65252962123.35.02,3962,2934.5
Proposals66957056517.418.42,4082,07016.3
Quebec11,29011,17111,1091.11.643,88243,5820.7
Bankruptcies5,5555,2795,9305.2-6.322,00723,291-5.5
Proposals5,7355,8925,179-2.710.721,87520,2917.8
Ontario11,82510,41010,43513.613.342,08638,8198.4
Bankruptcies4,1473,4404,20220.6-1.315,09515,504-2.6
Proposals7,6786,9706,23310.223.226,99123,31515.8
Manitoba83371679316.35.03,0282,73010.9
Bankruptcies41030240635.81.01,4271,4230.3
Proposals4234143872.29.31,6011,30722.5
Saskatchewan840860871-2.3-3.63,5283,3116.6
Bankruptcies321334326-3.9-1.51,3651,3441.6
Proposals519526545-1.3-4.82,1631,96710.0
Alberta4,2843,9963,8847.210.315,69414,01212.0
Bankruptcies1,4691,4291,3432.89.45,4155,0187.9
Proposals2,8152,5672,5419.710.810,2798,99414.3
British Columbia2,8812,5942,73111.15.510,52510,0684.5
Bankruptcies1,0681,0061,1256.2-5.14,0324,108-1.9
Proposals1,8131,5881,60614.212.96,4935,9608.9
Northwest Territories151725-11.8-40.061103-40.8
Bankruptcies0315-100.0-100.02163-66.7
Proposals1514107.150.040400.0
Yukon106966.711.13240-20.0
Bankruptcies32450.0-25.01016-37.5
Proposals74575.040.02224-8.3
Nunavut042-100.0-100.056-16.7
Bankruptcies000n/an/a02-100.0
Proposals042-100.0-100.05425.0
Canada36,05033,21133,5348.57.5133,246126,1485.6
Bankruptcies15,07413,52915,45011.4-2.457,05858,474-2.4
Proposals20,97619,68218,0846.616.076,18867,67412.6
Table 2: Insolvencies Filed by Consumers
provinceVolume% Change12-Month Period Ending
Q2 2019Q1 2019Q2 2018Q1 2019
to
Q2 2019
Q2 2018
to
Q2 2019
06-30-201906-30-2018% Change
Newfoundland and Labrador90876274219.222.43,0392,67313.7
Bankruptcies42731637635.113.61,4321,3466.4
Proposals4814463667.831.41,6071,32721.1
Prince Edward Island20217118818.17.47257151.4
Bankruptcies100921198.7-16.0387419-7.6
Proposals102796929.147.833829614.2
Nova Scotia1,6041,3831,54816.03.65,7355,6481.5
Bankruptcies88877697414.4-8.83,3863,586-5.6
Proposals71660757418.024.72,3492,06213.9
New Brunswick1,3081,0861,17120.411.74,7614,31710.3
Bankruptcies64052060623.15.62,3632,2564.7
Proposals66856656518.018.22,3982,06116.4
Quebec10,72710,59710,5961.21.241,72141,5400.4
Bankruptcies5,1354,8165,5576.6-7.620,34021,767-6.6
Proposals5,5925,7815,039-3.311.021,38119,7738.1
Ontario11,57910,17110,20113.813.541,13337,9068.5
Bankruptcies3,9633,2644,02521.4-1.514,40414,830-2.9
Proposals7,6166,9076,17610.323.326,72923,07615.8
Manitoba81970978715.54.12,9932,69910.9
Bankruptcies39929540135.3-0.51,3961,398-0.1
Proposals4204143861.48.81,5971,30122.8
Saskatchewan818837848-2.3-3.53,4343,1967.4
Bankruptcies311322310-3.40.31,3151,2594.4
Proposals507515538-1.6-5.82,1191,9379.4
Alberta4,2403,9343,8337.810.615,48013,81412.1
Bankruptcies1,4391,3851,3023.910.55,2514,8837.5
Proposals2,8012,5492,5319.910.710,2298,93114.5
British Columbia2,8462,5622,70611.15.210,4099,9564.6
Bankruptcies1,0439851,1055.9-5.63,9534,024-1.8
Proposals1,8031,5771,60114.312.66,4565,9328.8
Northwest Territories151725-11.8-40.061103-40.8
Bankruptcies0315-100.0-100.02163-66.7
Proposals1514107.150.040400.0
Yukon106966.711.13240-20.0
Bankruptcies32450.0-25.01016-37.5
Proposals74575.040.02224-8.3
Nunavut042-100.0-100.056-16.7
Bankruptcies000n/an/a02-100.0
Proposals042-100.0-100.05425.0
Canada35,07632,23932,6568.87.4129,528122,6135.6
Bankruptcies14,34812,77614,79412.3-3.054,25855,849-2.8
Proposals20,72819,46317,8626.516.075,27066,76412.7
Table 3: Insolvencies Filed by Businesses
provinceVolume% Change12-Month Period Ending
Q2 2019Q1 2019Q2 2018Q1 2019
to
Q2 2019
Q2 2018
to
Q2 2019
06-30-201906-30-2018% Change
Newfoundland and Labrador1110310.0266.7382458.3
Bankruptcies1110310.0266.7341888.9
Proposals000n/an/a46-33.3
Prince Edward Island501n/a400.07475.0
Bankruptcies501n/a400.06450.0
Proposals000n/an/a10n/a
Nova Scotia2112775.0200.0575014.0
Bankruptcies1811563.6260.0453915.4
Proposals312200.050.012119.1
New Brunswick1313150.0-13.34346-6.5
Bankruptcies1291533.3-20.03337-10.8
Proposals140-75.0n/a10911.1
Quebec563574513-1.99.72,1612,0425.8
Bankruptcies420463373-9.312.61,6671,5249.4
Proposals14311114028.82.1494518-4.6
Ontario2462392342.95.19539134.4
Bankruptcies1841761774.54.06916742.5
Proposals626357-1.68.82622399.6
Manitoba1476100.0133.3353112.9
Bankruptcies117557.1120.0312524.0
Proposals301n/a200.046-33.3
Saskatchewan222323-4.3-4.394115-18.3
Bankruptcies101216-16.7-37.55085-41.2
Proposals121179.171.4443046.7
Alberta446251-29.0-13.72141988.1
Bankruptcies304441-31.8-26.816413521.5
Proposals141810-22.240.05063-20.6
British Columbia3532259.440.01161123.6
Bankruptcies25212019.025.07984-6.0
Proposals10115-9.1100.0372832.1
Northwest Territories000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada9749728780.210.93,7183,5355.2
Bankruptcies726753656-3.610.72,8002,6256.7
Proposals24821922213.211.79189100.9
Table 3a: Insolvencies Filed by Corporations
provinceVolume% Change12-Month Period Ending
Q2 2019Q1 2019Q2 2018Q1 2019
to
Q2 2019
Q2 2018
to
Q2 2019
06-30-201906-30-2018% Change
Newfoundland and Labrador130-66.7n/a14137.7
Bankruptcies130-66.7n/a10825.0
Proposals000n/an/a45-20.0
Prince Edward Island201n/a-100.021100.0
Bankruptcies201n/a-100.021100.0
Proposals000n/an/a00n/a
Nova Scotia116383.3100.0301957.9
Bankruptcies95280.0150.0241384.6
Proposals211100.00.0660.0
New Brunswick96550.020.02627-3.7
Bankruptcies86533.320.0231921.1
Proposals100n/an/a38-62.5
Quebec5035024470.212.31,8901,8044.8
Bankruptcies387413328-6.325.91,4871,3589.5
Proposals1168911930.3-25.2403446-9.6
Ontario138140135-1.43.756048016.7
Bankruptcies1091041054.8-1.041736713.6
Proposals293630-19.420.014311326.5
Manitoba501n/a-100.08714.3
Bankruptcies400n/an/a7475.0
Proposals101n/a-100.013-66.7
Saskatchewan1130.0-66.7411-63.6
Bankruptcies012-100.0-50.027-71.4
Proposals101n/a-100.024-50.0
Alberta182724-33.312.593112-17.0
Bankruptcies121717-29.40.072677.5
Proposals6107-40.042.92145-53.3
British Columbia14179-17.688.950468.7
Bankruptcies9980.012.52829-3.4
Proposals581-37.5700.0221729.4
Northwest Territories000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada7027026280.011.82,6772,5206.2
Bankruptcies541558468-3.019.22,0721,87310.6
Proposals16114416011.8-10.0605647-6.5
Table 3b: Insolvencies Filed by Individual Businesses
provinceVolume% Change12-Month Period Ending
Q2 2019Q1 2019Q2 2018Q1 2019
to
Q2 2019
Q2 2018
to
Q2 2019
06-30-201906-30-2018% Change
Newfoundland and Labrador107342.9133.32411118.2
Bankruptcies107342.9133.32410140.0
Proposals000n/an/a01-100.0
Prince Edward Island300n/an/a5366.7
Bankruptcies300n/an/a4333.3
Proposals000n/an/a10n/a
Nova Scotia106466.750.02731-12.9
Bankruptcies96350.0100.02126-19.2
Proposals101n/a-100.06520.0
New Brunswick4710-42.9-30.01719-10.5
Bankruptcies431033.3-70.01018-44.4
Proposals040-100.0n/a71600.0
Quebec607266-16.79.127123813.9
Bankruptcies335045-34.011.11801668.4
Proposals27222122.74.8917226.4
Ontario10899999.10.0393433-9.2
Bankruptcies7572724.20.0274307-10.7
Proposals33272722.20.0119126-5.6
Manitoba97528.640.0272412.5
Bankruptcies7750.040.0242114.3
Proposals200n/an/a330.0
Saskatchewan212220-4.510.090104-13.5
Bankruptcies101114-9.1-21.44878-38.5
Proposals111160.083.3422661.5
Alberta263527-25.729.61218640.7
Bankruptcies182724-33.312.5926835.3
Proposals8830.0166.7291861.1
British Columbia21151640.0-6.366660.0
Bankruptcies16121233.30.05155-7.3
Proposals53466.7-25.0151136.4
Northwest Territories000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada2722702500.78.01,0411,0152.6
Bankruptcies185195188-5.13.7728752-3.2
Proposals87756216.021.031326319.0