Insolvency Statistics in Canada—2018 (Table 1)

Table 1: Total Insolvencies
Province Volume 2018
2018 2017 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 2,826 2,515 12.4 388,078,195 538,701,268
Bankruptcies 1,396 1,390 0.4 150,220,069 273,990,125
Proposals 1,430 1,125 27.1 237,858,126 264,711,143
Prince Edward Island 735 685 7.3 52,380,476 81,337,156
Bankruptcies 429 397 8.1 19,435,437 47,169,586
Proposals 306 288 6.3 32,945,039 34,167,570
Nova Scotia 5,642 5,773 -2.3 451,737,687 674,148,635
Bankruptcies 3,516 3,850 -8.7 218,135,236 411,315,318
Proposals 2,126 1,923 10.6 233,602,451 262,833,317
New Brunswick 4,517 4,418 2.2 374,161,254 527,393,597
Bankruptcies 2,294 2,500 -8.2 134,676,530 264,512,277
Proposals 2,223 1,918 15.9 239,484,724 262,881,320
Quebec 43,831 43,731 0.2 3,151,338,129 5,763,906,011
Bankruptcies 22,767 24,210 -6.0 971,972,324 2,655,072,509
Proposals 21,064 19,521 7.9 2,179,365,805 3,108,833,502
Ontario 39,793 39,045 1.9 2,427,841,555 8,133,754,585
Bankruptcies 15,348 15,968 -3.9 562,663,373 5,617,952,960
Proposals 24,445 23,077 5.9 1,865,178,182 2,515,801,625
Manitoba 2,852 2,643 7.9 273,355,487 366,468,658
Bankruptcies 1,390 1,408 -1.3 97,098,652 182,320,071
Proposals 1,462 1,235 18.4 176,256,835 184,148,587
Saskatchewan 3,498 3,258 7.4 587,030,748 602,656,471
Bankruptcies 1,339 1,472 -9.0 178,141,140 252,551,047
Proposals 2,159 1,786 20.9 408,889,608 350,105,424
Alberta 14,761 13,481 9.5 2,318,436,035 3,794,204,379
Bankruptcies 5,087 5,139 -1.0 661,610,263 1,666,714,459
Proposals 9,674 8,342 16.0 1,656,825,772 2,127,489,920
British Columbia 10,275 10,136 1.4 506,460,963 1,122,042,255
Bankruptcies 4,147 4,263 -2.7 142,625,621 543,305,942
Proposals 6,128 5,873 4.3 363,835,342 578,736,313
Northwest Territories 78 81 -3.7 9,017,123 10,194,102
Bankruptcies 42 52 -19.2 4,069,563 5,415,590
Proposals 36 29 24.1 4,947,560 4,778,512
Yukon 35 37 -5.4 2,632,348 4,915,959
Bankruptcies 13 18 -27.8 1,257,655 2,989,536
Proposals 22 19 15.8 1,374,693 1,926,423
Nunavut 3 4 -25.0 431,212 672,534
Bankruptcies 0 2 -100.0 0 0
Proposals 3 2 50.0 431,212 672,534
Canada 128,846 125,807 2.4 10,542,901,212 21,620,395,610
Bankruptcies 57,768 60,669 -4.8 3,141,905,863 11,923,309,420
Proposals 71,078 65,138 9.1 7,400,995,349 9,697,086,190
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