Insolvency Statistics in Canada—2017 (Table 3)

Table 3: Insolvencies Filed by Businesses
Province Volume 2017
2017 2016 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 36 28 28.6 25,809,404 123,696,350
Bankruptcies 23 22 4.5 24,760,911 92,670,898
Proposals 13 6 116.7 1,048,493 31,025,452
Prince Edward Island 12 13 -7.7 8,530,531 45,487,936
Bankruptcies 10 7 42.9 6,330,531 23,576,349
Proposals 2 6 -66.7 2,200,000 21,911,587
Nova Scotia 49 75 -34.7 17,255,969 46,613,891
Bankruptcies 43 63 -31.7 17,255,969 38,045,397
Proposals 6 12 -50.0 0 8,568,494
New Brunswick 57 59 -3.4 56,281,400 245,478,756
Bankruptcies 43 45 -4.4 55,953,313 214,317,146
Proposals 14 14 0.0 328,087 31,161,610
Quebec 2,061 2,197 -6.2 176,103,313 2,143,559,507
Bankruptcies 1,563 1,660 -5.8 135,793,311 1,374,100,084
Proposals 498 537 -7.3 40,310,002 769,459,423
Ontario 878 940 -6.6 149,076,893 2,224,005,674
Bankruptcies 632 691 -8.5 98,003,236 1,790,020,582
Proposals 246 249 -1.2 51,073,657 433,985,092
Manitoba 39 52 -25.0 23,111,984 52,276,546
Bankruptcies 33 34 -2.9 10,623,590 36,165,632
Proposals 6 18 -66.7 12,488,394 16,110,914
Saskatchewan 136 117 16.2 27,846,988 71,385,316
Bankruptcies 104 91 14.3 21,833,795 58,205,069
Proposals 32 26 23.1 6,013,193 13,180,247
Alberta 195 168 16.1 267,622,186 1,236,364,981
Bankruptcies 131 121 8.3 208,215,534 1,026,400,698
Proposals 64 47 36.2 59,406,652 209,964,283
British Columbia 145 199 -27.1 46,032,510 280,367,332
Bankruptcies 117 149 -21.5 40,735,877 250,730,141
Proposals 28 50 -44.0 5,296,633 29,637,191
Northwest Territories 1 0 n/a 6,626 49,896
Bankruptcies 1 0 n/a 6,626 49,896
Proposals 0 0 n/a 0 0
Yukon 0 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Nunavut 0 1 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
Proposals 0 0 n/a 0 0
Canada 3,609 3,849 -6.2 797,677,804 6,469,286,185
Bankruptcies 2,700 2,884 -6.4 619,512,693 4,904,281,892
Proposals 909 965 -5.8 178,165,111 1,565,004,293
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