Insolvency Statistics in Canada—2018 (Table 3)

Table 3: Insolvencies Filed by Businesses
Province Volume 2018
2018 2017 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 24 36 -33.3 37,829,949 116,106,202
Bankruptcies 20 23 -13.0 35,883,883 90,894,604
Proposals 4 13 -69.2 1,946,066 25,211,598
Prince Edward Island 4 12 -66.7 3,678,639 1,384,258
Bankruptcies 3 10 -70.0 3,219,717 820,332
Proposals 1 2 -50.0 458,922 563,926
Nova Scotia 47 49 -4.1 17,793,226 68,114,290
Bankruptcies 33 43 -23.3 14,710,752 57,238,762
Proposals 14 6 133.3 3,082,474 10,875,528
New Brunswick 37 57 -35.1 16,067,482 37,729,417
Bankruptcies 32 43 -25.6 15,813,877 29,326,345
Proposals 5 14 -64.3 253,605 8,403,072
Quebec 2,095 2,061 1.6 150,784,893 1,635,167,760
Bankruptcies 1,579 1,563 1.0 105,326,116 854,742,045
Proposals 516 498 3.6 45,458,777 780,425,715
Ontario 937 878 6.7 153,847,628 4,518,935,028
Bankruptcies 688 632 8.9 111,514,029 4,172,812,316
Proposals 249 246 1.2 42,333,599 346,122,712
Manitoba 28 39 -28.2 6,783,589 18,623,166
Bankruptcies 26 33 -21.2 5,959,109 17,670,066
Proposals 2 6 -66.7 824,480 953,100
Saskatchewan 99 136 -27.2 14,786,184 49,637,861
Bankruptcies 59 104 -43.3 9,268,152 37,150,836
Proposals 40 32 25.0 5,518,032 12,487,025
Alberta 206 195 5.6 57,988,446 992,371,846
Bankruptcies 162 131 23.7 40,693,790 588,862,071
Proposals 44 64 -31.3 17,294,656 403,509,775
British Columbia 103 145 -29.0 20,866,559 160,799,571
Bankruptcies 75 117 -35.9 10,288,917 70,467,844
Proposals 28 28 0.0 10,577,642 90,331,727
Northwest Territories 0 1 -100.0 0 0
Bankruptcies 0 1 -100.0 0 0
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 0 n/a 0 0
Bankruptcies 0 0 n/a 0 0
Proposals 0 0 n/a 0 0
Canada 3,580 3,609 -0.8 480,426,595 7,598,869,399
Bankruptcies 2,677 2,700 -0.9 352,678,342 5,919,985,221
Proposals 903 909 -0.7 127,748,253 1,678,884,178
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