Insolvency Statistics in Canada—2017 (Table 1)

Table 1: Total Insolvencies
Province Volume 2017
2017 2016 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 2,515 2,427 3.6 317,759,526 483,491,376
Bankruptcies 1,390 1,574 -11.7 134,747,306 260,894,044
Proposals 1,125 853 31.9 183,012,220 222,597,332
Prince Edward Island 685 815 -16.0 54,083,330 111,603,470
Bankruptcies 397 507 -21.7 23,578,865 59,034,281
Proposals 288 308 -6.5 30,504,465 52,569,189
Nova Scotia 5,773 6,023 -4.2 466,445,059 683,635,709
Bankruptcies 3,850 4,254 -9.5 240,920,032 434,332,853
Proposals 1,923 1,769 8.7 225,525,027 249,302,856
New Brunswick 4,418 4,501 -1.8 416,073,332 757,341,580
Bankruptcies 2,500 2,949 -15.2 196,733,318 483,594,596
Proposals 1,918 1,552 23.6 219,340,014 273,746,984
Quebec 43,731 45,206 -3.3 3,165,675,187 6,149,867,961
Bankruptcies 24,210 25,901 -6.5 1,088,854,717 3,242,932,544
Proposals 19,521 19,305 1.1 2,076,820,470 2,906,935,417
Ontario 39,045 40,551 -3.7 2,380,994,797 6,082,714,105
Bankruptcies 15,968 17,595 -9.2 606,321,812 3,555,841,478
Proposals 23,077 22,956 0.5 1,774,672,985 2,526,872,627
Manitoba 2,643 2,659 -0.6 257,297,110 377,842,408
Bankruptcies 1,408 1,482 -5.0 101,426,796 213,550,147
Proposals 1,235 1,177 4.9 155,870,314 164,292,261
Saskatchewan 3,258 3,077 5.9 521,619,425 575,908,375
Bankruptcies 1,472 1,512 -2.6 181,991,723 273,070,010
Proposals 1,786 1,565 14.1 339,627,702 302,838,365
Alberta 13,481 13,338 1.1 2,336,815,967 3,746,351,360
Bankruptcies 5,139 5,548 -7.4 817,151,919 2,031,431,371
Proposals 8,342 7,790 7.1 1,519,664,048 1,714,919,989
British Columbia 10,136 11,005 -7.9 609,999,691 1,302,128,093
Bankruptcies 4,263 4,868 -12.4 200,096,335 760,963,599
Proposals 5,873 6,137 -4.3 409,903,356 541,164,494
Northwest Territories 81 60 35.0 9,413,531 10,811,665
Bankruptcies 52 35 48.6 4,630,207 6,011,304
Proposals 29 25 16.0 4,783,324 4,800,361
Yukon 37 55 -32.7 1,342,016 3,106,919
Bankruptcies 18 27 -33.3 362,536 1,346,333
Proposals 19 28 -32.1 979,480 1,760,586
Nunavut 4 10 -60.0 1,603,661 2,802,514
Bankruptcies 2 4 -50.0 1,365,611 2,530,096
Proposals 2 6 -66.7 238,050 272,418
Canada 125,807 129,727 -3.0 10,539,122,632 20,287,605,535
Bankruptcies 60,669 66,256 -8.4 3,598,181,177 11,325,532,656
Proposals 65,138 63,471 2.6 6,940,941,455 8,962,072,879
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