Insolvency Statistics in Canada—Third Quarter of 2016

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
province Volume % Change 12-Month Period Ending
Q3 2016 Q2 2016 Q3 2015 Q2 2016 to Q3 2016 Q3 2015 to Q3 2016 09-30-2016 09-30-2015 % Change
Newfoundland and Labrador 601 701 467 -14.3 28.7 2,322 1,751 32.6
Bankruptcies 386 459 400 -15.9 -3.5 1,568 1,475 6.3
Proposals 215 242 67 -11.2 220.9 754 276 173.2
Prince Edward Island 209 208 198 0.5 5.6 838 770 8.8
Bankruptcies 134 124 126 8.1 6.3 527 492 7.1
Proposals 75 84 72 -10.7 4.2 311 278 11.9
Nova Scotia 1,593 1,671 1,312 -4.7 21.4 5,922 5,263 12.5
Bankruptcies 1,090 1,201 914 -9.2 19.3 4,172 3,720 12.2
Proposals 503 470 398 7.0 26.4 1,750 1,543 13.4
New Brunswick 1,111 1,252 1,198 -11.3 -7.3 4,370 4,484 -2.5
Bankruptcies 715 848 787 -15.7 -9.1 2,880 2,987 -3.6
Proposals 396 404 411 -2.0 -3.6 1,490 1,497 -0.5
Quebec 10,726 12,243 11,101 -12.4 -3.4 45,586 45,961 -0.8
Bankruptcies 6,157 7,128 6,434 -13.6 -4.3 26,060 26,339 -1.1
Proposals 4,569 5,115 4,667 -10.7 -2.1 19,526 19,622 -0.5
Ontario 9,694 11,052 9,852 -12.3 -1.6 41,071 41,170 -0.2
Bankruptcies 4,178 4,955 4,498 -15.7 -7.1 18,082 19,168 -5.7
Proposals 5,516 6,097 5,354 -9.5 3.0 22,989 22,002 4.5
Manitoba 635 733 539 -13.4 17.8 2,546 2,085 22.1
Bankruptcies 361 424 318 -14.9 13.5 1,423 1,314 8.3
Proposals 274 309 221 -11.3 24.0 1,123 771 45.7
Saskatchewan 789 823 599 -4.1 31.7 2,912 2,184 33.3
Bankruptcies 371 419 307 -11.5 20.8 1,489 1,156 28.8
Proposals 418 404 292 3.5 43.2 1,423 1,028 38.4
Alberta 3,278 3,559 2,508 -7.9 30.7 12,743 9,319 36.7
Bankruptcies 1,305 1,484 1,085 -12.1 20.3 5,338 4,161 28.3
Proposals 1,973 2,075 1,423 -4.9 38.7 7,405 5,158 43.6
British Columbia 2,595 3,014 2,959 -13.9 -12.3 11,405 11,763 -3.0
Bankruptcies 1,125 1,329 1,417 -15.3 -20.6 5,152 5,971 -13.7
Proposals 1,470 1,685 1,542 -12.8 -4.7 6,253 5,792 8.0
Northwest Territories 19 14 11 35.7 72.7 66 45 46.7
Bankruptcies 9 9 5 0.0 80.0 36 25 44.0
Proposals 10 5 6 100.0 66.7 30 20 50.0
Yukon 13 18 13 -27.8 0.0 51 39 30.8
Bankruptcies 7 10 8 -30.0 -12.5 26 18 44.4
Proposals 6 8 5 -25.0 20.0 25 21 19.0
Nunavut 1 2 0 -50.0 -- 11 5 120.0
Bankruptcies 1 1 0 0.0 -- 5 4 25.0
Proposals 0 1 0 -100.0 -- 6 1 500.0
Canada 31,264 35,290 30,757 -11.4 1.6 129,843 124,839 4.0
Bankruptcies 15,839 18,391 16,299 -13.9 -2.8 66,758 66,830 -0.1
Proposals 15,425 16,899 14,458 -8.7 6.7 63,085 58,009 8.8
Table 2: Insolvencies Filed by Consumers
Province Volume % Change 12-Month Period Ending
Q3 2016 Q2 2016 Q3 2015 Q2 2016 to Q3 2016 Q3 2015 to Q3 2016 09-30-2016 09-30-2015 % Change
Newfoundland and Labrador 595 694 459 -14.3 29.6 2,297 1,719 33.6
Bankruptcies 381 454 394 -16.1 -3.3 1,550 1,447 7.1
Proposals 214 240 65 -10.8 229.2 747 272 174.6
Prince Edward Island 206 200 195 3.0 5.6 823 753 9.3
Bankruptcies 131 121 124 8.3 5.6 517 479 7.9
Proposals 75 79 71 -5.1 5.6 306 274 11.7
Nova Scotia 1,574 1,646 1,291 -4.4 21.9 5,848 5,169 13.1
Bankruptcies 1,073 1,181 896 -9.1 19.8 4,106 3,653 12.4
Proposals 501 465 395 7.7 26.8 1,742 1,516 14.9
New Brunswick 1,097 1,237 1,176 -11.3 -6.7 4,303 4,399 -2.2
Bankruptcies 704 837 770 -15.9 -8.6 2,826 2,928 -3.5
Proposals 393 400 406 -1.8 -3.2 1,477 1,471 0.4
Quebec 10,249 11,678 10,630 -12.2 -3.6 43,334 43,650 -0.7
Bankruptcies 5,805 6,712 6,078 -13.5 -4.5 24,353 24,663 -1.3
Proposals 4,444 4,966 4,552 -10.5 -2.4 18,981 18,987 0.0
Ontario 9,477 10,779 9,577 -12.1 -1.0 40,101 39,991 0.3
Bankruptcies 4,011 4,762 4,283 -15.8 -6.4 17,352 18,261 -5.0
Proposals 5,466 6,017 5,294 -9.2 3.2 22,749 21,730 4.7
Manitoba 625 714 526 -12.5 18.8 2,497 2,045 22.1
Bankruptcies 352 411 310 -14.4 13.5 1,387 1,286 7.9
Proposals 273 303 216 -9.9 26.4 1,110 759 46.2
Saskatchewan 764 795 557 -3.9 37.2 2,792 2,076 34.5
Bankruptcies 350 399 276 -12.3 26.8 1,397 1,079 29.5
Proposals 414 396 281 4.5 47.3 1,395 997 39.9
Alberta 3,243 3,526 2,477 -8.0 30.9 12,609 9,175 37.4
Bankruptcies 1,278 1,455 1,067 -12.2 19.8 5,238 4,056 29.1
Proposals 1,965 2,071 1,410 -5.1 39.4 7,371 5,119 44.0
British Columbia 2,553 2,961 2,909 -13.8 -12.2 11,176 11,567 -3.4
Bankruptcies 1,095 1,284 1,375 -14.7 -20.4 4,990 5,824 -14.3
Proposals 1,458 1,677 1,534 -13.1 -5.0 6,186 5,743 7.7
Northwest Territories 19 14 11 35.7 72.7 66 45 46.7
Bankruptcies 9 9 5 0.0 80.0 36 25 44.0
Proposals 10 5 6 100.0 66.7 30 20 50.0
Yukon 13 18 13 -27.8 0.0 51 38 34.2
Bankruptcies 7 10 8 -30.0 -12.5 26 18 44.4
Proposals 6 8 5 -25.0 20.0 25 20 25.0
Nunavut 1 1 0 0.0 -- 10 4 150.0
Bankruptcies 1 0 0 -- -- 4 3 33.3
Proposals 0 1 0 -100.0 -- 6 1 500.0
Canada 30,416 34,263 29,821 -11.2 2.0 125,907 120,631 4.4
Bankruptcies 15,197 17,635 15,586 -13.8 -2.5 63,782 63,722 0.1
Proposals 15,219 16,628 14,235 -8.5 6.9 62,125 56,909 9.2
Table 3: Insolvencies Filed by Businesses
Province Volume % Change 12-Month Period Ending
Q3 2016 Q2 2016 Q3 2015 Q2 2016 to Q3 2016 Q3 2015 to Q3 2016 09-30-2016 09-30-2015 % Change
Newfoundland and Labrador 6 7 8 -14.3 -25.0 25 32 -21.9
Bankruptcies 5 5 6 0.0 -16.7 18 28 -35.7
Proposals 1 2 2 -50.0 -50.0 7 4 75.0
Prince Edward Island 3 8 3 -62.5 0.0 15 17 -11.8
Bankruptcies 3 3 2 0.0 50.0 10 13 -23.1
Proposals 0 5 1 -100.0 -100.0 5 4 25.0
Nova Scotia 19 25 21 -24.0 -9.5 74 94 -21.3
Bankruptcies 17 20 18 -15.0 -5.6 66 67 -1.5
Proposals 2 5 3 -60.0 -33.3 8 27 -70.4
New Brunswick 14 15 22 -6.7 -36.4 67 85 -21.2
Bankruptcies 11 11 17 0.0 -35.3 54 59 -8.5
Proposals 3 4 5 -25.0 -40.0 1 3 26 -50.0
Quebec 477 565 471 -15.6 1.3 2,252 2,311 -2.6
Bankruptcies 352 416 356 -15.4 -1.1 1,707 1,676 1.8
Proposals 125 149 115 -16.1 8.7 545 635 -14.2
Ontario 217 273 275 -20.5 -21.1 970 1,179 -17.7
Bankruptcies 167 193 215 -13.5 -22.3 730 907 -19.5
Proposals 50 80 60 -37.5 -16.7 240 272 -11.8
Manitoba 10 19 13 -47.4 -23.1 49 40 22.5
Bankruptcies 9 13 8 -30.8 12.5 36 28 28.6
Proposals 1 6 5 -83.3 -80.0 13 12 8.3
Saskatchewan 25 28 42 -10.7 -40.5 120 108 11.1
Bankruptcies 21 20 31 5.0 -32.3 92 77 19.5
Proposals 4 8 11 -50.0 -63.6 28 31 -9.7
Alberta 35 33 31 6.1 12.9 134 144 -6.9
Bankruptcies 27 29 18 -6.9 50.0 100 105 -4.8
Proposals 8 4 13 100.0 -38.5 34 39 -12.8
British Columbia 42 53 50 -20.8 -16.0 229 196 16.8
Bankruptcies 30 45 42 -33.3 -28.6 162 147 10.2
Proposals 12 8 8 50.0 50.0 67 49 36.7
Northwest Territories 0 0 0 -- -- 0 0 --
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 0 --
Yukon 0 0 0 -- -- 0 1 -100.0
Bankruptcies 0 0 0 -- -- 0 0 --
Proposals 0 0 0 -- -- 0 1 -100.0
Nunavut 0 1 0 -100.0 -- 1 1 0.0
Bankruptcies 0 1 0 -100.0 -- 1 1 0.0
Proposals 0 0 0 -- -- 0 0 --
Canada 848 1,027 936 -17.4 -9.4 3,936 4,208 -6.5
Bankruptcies 642 756 713 -15.1 -10.0 2,976 3,108 -4.2
Proposals 206 271 223 -24.0 -7.6 960 1,100 -12.7
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