Insolvency Statistics in Canada—2015 (Table 3)

Table 3: Insolvencies Filed by Businesses
province Volume 2015
2015 2014 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 27 30 -10.0 3,366,691 18,987,245
Bankruptcies 21 27 -22.2 3,286,999 7,205,911
Proposals 6 3 100.0 79,692 11,781,334
Prince Edward Island 16 18 -11.1 1,558,566 6,022,409
Bankruptcies 12 13 -7.7 1,474,820 5,317,689
Proposals 4 5 -20.0 83,746 704,720
Nova Scotia 93 77 20.8 34,140,149 109,612,111
Bankruptcies 69 52 32.7 32,870,443 88,132,139
Proposals 24 25 -4.0 1,269,706 21,479,972
New Brunswick 80 87 -8.0 22,605,984 77,511,373
Bankruptcies 59 68 -13.2 19,211,479 58,089,148
Proposals 21 19 10.5 3,394,505 19,422,225
Quebec 2,237 2,337 -4.3 261,316,988 1,721,742,295
Bankruptcies 1,684 1,690 -0.4 131,014,131 895,406,275
Proposals 553 647 -14.5 130,302,857 826,336,020
Ontario 1,141 1,090 4.7 223,939,288 3,167,610,154
Bankruptcies 884 835 5.9 178,534,654 2,826,654,641
Proposals 257 255 0.8 45,404,634 340,955,513
Manitoba 38 57 -33.3 8,318,211 26,348,323
Bankruptcies 26 48 -45.8 4,602,489 20,995,329
Proposals 12 9 33.3 3,715,722 5,352,994
Saskatchewan 119 124 -4.0 12,465,626 46,509,675
Bankruptcies 85 77 10.4 8,652,841 28,531,046
Proposals 34 47 -27.7 3,812,785 17,978,629
Alberta 134 141 -5.0 74,476,476 283,945,121
Bankruptcies 95 105 -9.5 71,383,315 251,021,969
Proposals 39 36 8.3 3,093,161 32,923,152
British Columbia 222 256 -13.3 38,476,145 486,635,393
Bankruptcies 154 200 -23.0 27,293,393 350,953,843
Proposals 68 56 21.4 11,182,752 135,681,550
Northwest Territories 0 0 --  0 0
Bankruptcies 0 0 --  0 0
Proposals 0 0 --  0 0
Yukon 0 1 -100.0 0 0
Bankruptcies 0 0 --  0 0
Proposals 0 1 -100.0 0 0
Nunavut 0 1 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
Proposals 0 0 --  0 0
Canada 4,107 4,219 -2.7 680,664,124 5,944,924,099
Bankruptcies 3,089 3,116 -0.9 478,324,564 4,532,307,990
Proposals 1,018 1,103 -7.7 202,339,560 1,412,616,109
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