Insolvency Statistics in Canada—First 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
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
Table 2: Insolvencies Filed by Consumers
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
Table 3: Insolvencies Filed by Businesses
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
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