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Insolvency Statistics in Canada
Second Quarter of 2016
853 KB, 28 pages
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
- Table 5: Insolvencies Filed by Consumers by Economic Region (ER)
- Table 6: Insolvencies Filed by Businesses by Economic Region (ER)
- Table 7: Insolvencies Filed by Consumers by Census Metropolitan Area (CMA)
- Table 8: Insolvencies Filed by Businesses by Census Metropolitan Area (CMA)
Glossary
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
- NAICS:
- North American Industry Classification System.
- Census Metropolitan Area (CMA):
- Each area consists of one or more adjacent municipalities situated around a major urban core. To form a census metropolitan area, the urban core must have a population of at least 100,000. For Statistics Canada's geographical definitions of the CMAs, go to CMA and CA: Detailed definition.
- Economic Region (ER):
- Standard geographical units created for analysis of regional economic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2016 | Q1 2016 | Q2 2015 | Q1 2016 to Q2 2016 | Q2 2015 to Q2 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Newfoundland and Labrador | 701 | 548 | 512 | 27.9 | 36.9 | 2,188 | 1,665 | 31.4 |
Bankruptcies | 459 | 367 | 429 | 25.1 | 7.0 | 1,582 | 1,400 | 13.0 |
Proposals | 242 | 181 | 83 | 33.7 | 191.6 | 606 | 265 | 128.7 |
Prince Edward Island | 208 | 202 | 222 | 3.0 | -6.3 | 827 | 789 | 4.8 |
Bankruptcies | 124 | 124 | 139 | 0.0 | -10.8 | 519 | 523 | -0.8 |
Proposals | 84 | 78 | 83 | 7.7 | 1.2 | 308 | 266 | 15.8 |
Nova Scotia | 1,671 | 1,294 | 1,422 | 29.1 | 17.5 | 5,641 | 5,346 | 5.5 |
Bankruptcies | 1,201 | 928 | 1,038 | 29.4 | 15.7 | 3,996 | 3,805 | 5.0 |
Proposals | 470 | 366 | 384 | 28.4 | 22.4 | 1,645 | 1,541 | 6.7 |
New Brunswick | 1,252 | 973 | 1,223 | 28.7 | 2.4 | 4,457 | 4,435 | 0.5 |
Bankruptcies | 848 | 645 | 783 | 31.5 | 8.3 | 2,952 | 3,005 | -1.8 |
Proposals | 404 | 328 | 440 | 23.2 | -8.2 | 1,505 | 1,430 | 5.2 |
Quebec | 12,243 | 11,426 | 11,899 | 7.2 | 2.9 | 45,961 | 45,510 | 1.0 |
Bankruptcies | 7,128 | 6,345 | 6,989 | 12.3 | 2.0 | 26,337 | 26,222 | 0.4 |
Proposals | 5,115 | 5,081 | 4,910 | 0.7 | 4.2 | 19,624 | 19,288 | 1.7 |
Ontario | 11,052 | 10,145 | 10,868 | 8.9 | 1.7 | 41,229 | 41,621 | -0.9 |
Bankruptcies | 4,955 | 4,276 | 5,117 | 15.9 | -3.2 | 18,402 | 19,577 | -6.0 |
Proposals | 6,097 | 5,869 | 5,751 | 3.9 | 6.0 | 22,827 | 22,044 | 3.6 |
Manitoba | 733 | 617 | 534 | 18.8 | 37.3 | 2,450 | 2,054 | 19.3 |
Bankruptcies | 424 | 326 | 367 | 30.1 | 15.5 | 1,380 | 1,330 | 3.8 |
Proposals | 309 | 291 | 167 | 6.2 | 85.0 | 1,070 | 724 | 47.8 |
Saskatchewan | 823 | 685 | 577 | 20.1 | 42.6 | 2,722 | 2,111 | 28.9 |
Bankruptcies | 419 | 346 | 316 | 21.1 | 32.6 | 1,425 | 1,137 | 25.3 |
Proposals | 404 | 339 | 261 | 19.2 | 54.8 | 1,297 | 974 | 33.2 |
Alberta | 3,559 | 3,234 | 2,510 | 10.0 | 41.8 | 11,973 | 8,817 | 35.8 |
Bankruptcies | 1,484 | 1,409 | 1,133 | 5.3 | 31.0 | 5,118 | 3,997 | 28.0 |
Proposals | 2,075 | 1,825 | 1,377 | 13.7 | 50.7 | 6,855 | 4,820 | 42.2 |
British Columbia | 3,014 | 2,952 | 3,046 | 2.1 | -1.1 | 11,769 | 11,680 | 0.8 |
Bankruptcies | 1,329 | 1,358 | 1,545 | -2.1 | -14.0 | 5,444 | 6,108 | -10.9 |
Proposals | 1,685 | 1,594 | 1,501 | 5.7 | 12.3 | 6,325 | 5,572 | 13.5 |
Northwest Territories | 14 | 10 | 10 | 40.0 | 40.0 | 58 | 42 | 38.1 |
Bankruptcies | 9 | 5 | 6 | 80.0 | 50.0 | 32 | 23 | 39.1 |
Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 26 | 19 | 36.8 |
Yukon | 18 | 15 | 6 | 20.0 | 200.0 | 51 | 37 | 37.8 |
Bankruptcies | 10 | 7 | 1 | 42.9 | 900.0 | 27 | 17 | 58.8 |
Proposals | 8 | 8 | 5 | 0.0 | 60.0 | 24 | 20 | 20.0 |
Nunavut | 2 | 5 | 1 | -60.0 | 100.0 | 10 | 6 | 66.7 |
Bankruptcies | 1 | 2 | 1 | -50.0 | 0.0 | 4 | 4 | 0.0 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 6 | 2 | 200.0 |
Canada | 35,290 | 32,106 | 32,830 | 9.9 | 7.5 | 129,336 | 124,113 | 4.2 |
Bankruptcies | 18,391 | 16,138 | 17,864 | 14.0 | 3.0 | 67,218 | 67,148 | 0.1 |
Proposals | 16,899 | 15,968 | 14,966 | 5.8 | 12.9 | 62,118 | 56,965 | 9.0 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2016 | Q1 2016 | Q2 2015 | Q1 2016 to Q2 2016 | Q2 2015 to Q2 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Newfoundland and Labrador | 694 | 543 | 506 | 27.8 | 37.2 | 2,161 | 1,638 | 31.9 |
Bankruptcies | 454 | 364 | 423 | 24.7 | 7.3 | 1,563 | 1,375 | 13.7 |
Proposals | 240 | 179 | 83 | 34.1 | 189.2 | 598 | 263 | 127.4 |
Prince Edward Island | 200 | 201 | 216 | -0.5 | -7.4 | 812 | 770 | 5.5 |
Bankruptcies | 121 | 123 | 134 | -1.6 | -9.7 | 510 | 509 | 0.2 |
Proposals | 79 | 78 | 82 | 1.3 | -3.7 | 302 | 261 | 15.7 |
Nova Scotia | 1,646 | 1,281 | 1,386 | 28.5 | 18.8 | 5,565 | 5,254 | 5.9 |
Bankruptcies | 1,181 | 915 | 1,012 | 29.1 | 16.7 | 3,929 | 3,743 | 5.0 |
Proposals | 465 | 366 | 374 | 27.0 | 24.3 | 1,636 | 1,511 | 8.3 |
New Brunswick | 1,237 | 956 | 1,209 | 29.4 | 2.3 | 4,382 | 4,358 | 0.6 |
Bankruptcies | 837 | 633 | 773 | 32.2 | 8.3 | 2,892 | 2,951 | -2.0 |
Proposals | 400 | 323 | 436 | 23.8 | -8.3 | 1,490 | 1,407 | 5.9 |
Quebec | 11,678 | 10,797 | 11,336 | 8.2 | 3.0 | 43,715 | 43,154 | 1.3 |
Bankruptcies | 6,712 | 5,853 | 6,574 | 14.7 | 2.1 | 24,626 | 24,517 | 0.4 |
Proposals | 4,966 | 4,944 | 4,762 | 0.4 | 4.3 | 19,089 | 18,637 | 2.4 |
Ontario | 10,779 | 9,920 | 10,568 | 8.7 | 2.0 | 40,201 | 40,465 | -0.7 |
Bankruptcies | 4,762 | 4,108 | 4,889 | 15.9 | -2.6 | 17,624 | 18,671 | -5.6 |
Proposals | 6,017 | 5,812 | 5,679 | 3.5 | 6.0 | 22,577 | 21,794 | 3.6 |
Manitoba | 714 | 608 | 526 | 17.4 | 35.7 | 2,398 | 2,018 | 18.8 |
Bankruptcies | 411 | 321 | 361 | 28.0 | 13.9 | 1,345 | 1,305 | 3.1 |
Proposals | 303 | 287 | 165 | 5.6 | 83.6 | 1,053 | 713 | 47.7 |
Saskatchewan | 795 | 649 | 552 | 22.5 | 44.0 | 2,585 | 2,022 | 27.8 |
Bankruptcies | 399 | 318 | 298 | 25.5 | 33.9 | 1,323 | 1,079 | 22.6 |
Proposals | 396 | 331 | 254 | 19.6 | 55.9 | 1,262 | 943 | 33.8 |
Alberta | 3,526 | 3,197 | 2,466 | 10.3 | 43.0 | 11,843 | 8,667 | 36.6 |
Bankruptcies | 1,455 | 1,388 | 1,099 | 4.8 | 32.4 | 5,027 | 3,887 | 29.3 |
Proposals | 2,071 | 1,809 | 1,367 | 14.5 | 51.5 | 6,816 | 4,780 | 42.6 |
British Columbia | 2,961 | 2,894 | 2,996 | 2.3 | -1.2 | 11,532 | 11,469 | 0.5 |
Bankruptcies | 1,284 | 1,318 | 1,507 | -2.6 | -14.8 | 5,270 | 5,951 | -11.4 |
Proposals | 1,677 | 1,576 | 1,489 | 6.4 | 12.6 | 6,262 | 5,518 | 13.5 |
Northwest Territories | 14 | 10 | 10 | 40.0 | 40.0 | 58 | 42 | 38.1 |
Bankruptcies | 9 | 5 | 6 | 80.0 | 50.0 | 32 | 23 | 39.1 |
Proposals | 5 | 5 | 4 | 0.0 | 25.0 | 26 | 19 | 36.8 |
Yukon | 18 | 15 | 6 | 20.0 | 200.0 | 51 | 36 | 41.7 |
Bankruptcies | 10 | 7 | 1 | 42.9 | 900.0 | 27 | 17 | 58.8 |
Proposals | 8 | 8 | 5 | 0.0 | 60.0 | 24 | 19 | 26.3 |
Nunavut | 1 | 5 | 1 | -80.0 | 0.0 | 9 | 5 | 80.0 |
Bankruptcies | 0 | 2 | 1 | -100.0 | -100.0 | 3 | 3 | 0.0 |
Proposals | 1 | 3 | 0 | -66.7 | -- | 6 | 2 | 200.0 |
Canada | 34,263 | 31,076 | 31,778 | 10.3 | 7.8 | 125,312 | 119,898 | 4.5 |
Bankruptcies | 17,635 | 15,355 | 17,078 | 14.8 | 3.3 | 64,171 | 64,031 | 0.2 |
Proposals | 16,628 | 15,721 | 14,700 | 5.8 | 13.1 | 61,141 | 55,867 | 9.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2016 | Q1 2016 | Q2 2015 | Q1 2016 to Q2 2016 | Q2 2015 to Q2 2016 | 06-30-2016 | 06-30-2015 | % Change | |
Newfoundland and Labrador | 7 | 5 | 6 | 40.0 | 16.7 | 27 | 27 | 0.0 |
Bankruptcies | 5 | 3 | 6 | 66.7 | -16.7 | 19 | 25 | -24.0 |
Proposals | 2 | 2 | 0 | 0.0 | -- | 8 | 2 | 300.0 |
Prince Edward Island | 8 | 1 | 6 | 700.0 | 33.3 | 15 | 19 | -21.1 |
Bankruptcies | 3 | 1 | 5 | 200.0 | -40.0 | 9 | 14 | -35.7 |
Proposals | 5 | 0 | 1 | -- | 400.0 | 6 | 5 | 20.0 |
Nova Scotia | 25 | 13 | 36 | 92.3 | -30.6 | 76 | 92 | -17.4 |
Bankruptcies | 20 | 13 | 26 | 53.8 | -23.1 | 67 | 62 | 8.1 |
Proposals | 5 | 0 | 10 | -- | -50.0 | 9 | 30 | -70.0 |
New Brunswick | 15 | 17 | 14 | -11.8 | 7.1 | 75 | 77 | -2.6 |
Bankruptcies | 11 | 12 | 10 | -8.3 | 10.0 | 60 | 54 | 11.1 |
Proposals | 4 | 5 | 4 | -20.0 | 0.0 | 15 | 23 | -34.8 |
Quebec | 565 | 629 | 563 | -10.2 | 0.4 | 2,246 | 2,356 | -4.7 |
Bankruptcies | 416 | 492 | 415 | -15.4 | 0.2 | 1,711 | 1,705 | 0.4 |
Proposals | 149 | 137 | 148 | 8.8 | 0.7 | 535 | 651 | -17.8 |
Ontario | 273 | 225 | 300 | 21.3 | -9.0 | 1,028 | 1,156 | -11.1 |
Bankruptcies | 193 | 168 | 228 | 14.9 | -15.4 | 778 | 906 | -14.1 |
Proposals | 80 | 57 | 72 | 40.4 | 11.1 | 250 | 250 | 0.0 |
Manitoba | 19 | 9 | 8 | 111.1 | 137.5 | 52 | 36 | 44.4 |
Bankruptcies | 13 | 5 | 6 | 160.0 | 116.7 | 35 | 25 | 40.0 |
Proposals | 6 | 4 | 2 | 50.0 | 200.0 | 17 | 11 | 54.5 |
Saskatchewan | 28 | 36 | 25 | -22.2 | 12.0 | 137 | 89 | 53.9 |
Bankruptcies | 20 | 28 | 18 | -28.6 | 11.1 | 102 | 58 | 75.9 |
Proposals | 8 | 8 | 7 | 0.0 | 14.3 | 35 | 31 | 12.9 |
Alberta | 33 | 37 | 44 | -10.8 | -25.0 | 130 | 150 | -13.3 |
Bankruptcies | 29 | 21 | 34 | 38.1 | -14.7 | 91 | 110 | -17.3 |
Proposals | 4 | 16 | 10 | -75.0 | -60.0 | 39 | 40 | -2.5 |
British Columbia | 53 | 58 | 50 | -8.6 | 6.0 | 237 | 211 | 12.3 |
Bankruptcies | 45 | 40 | 38 | 12.5 | 18.4 | 174 | 157 | 10.8 |
Proposals | 8 | 18 | 12 | -55.6 | -33.3 | 63 | 54 | 16.7 |
Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Yukon | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 1 | -100.0 |
Nunavut | 1 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 1 | 0.0 |
Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
Canada | 1,027 | 1,030 | 1,052 | -0.3 | -2.4 | 4,024 | 4,215 | -4.5 |
Bankruptcies | 756 | 783 | 786 | -3.4 | -3.8 | 3,047 | 3,117 | -2.2 |
Proposals | 271 | 247 | 266 | 9.7 | 1.9 | 977 | 1,098 | -11.0 |