Insolvency Statistics in Canada—2016 (Table 1)

Table 1: Total Insolvencies
Province Volume 2016
2016 2015 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 2,427 1,849 31.3 262,717,241 340,781,978
Bankruptcies 1,574 1,519 3.6 118,978,387 183,446,268
Proposals 853 330 158.5 143,738,854 157,335,710
Prince Edward Island 815 822 -0.9 59,667,575 115,299,260
Bankruptcies 507 531 -4.5 27,513,136 74,073,822
Proposals 308 291 5.8 32,154,439 41,225,438
Nova Scotia 6,023 5,325 13.1 481,302,009 714,944,675
Bankruptcies 4,254 3,717 14.4 278,551,491 486,677,594
Proposals 1,769 1,608 10.0 202,750,518 228,267,081
New Brunswick 4,501 4,411 2.0 378,294,712 573,737,839
Bankruptcies 2,949 2,873 2.6 191,810,718 360,955,184
Proposals 1,552 1,538 0.9 186,483,994 212,782,655
Quebec 45,206 45,942 -1.6 3,477,643,769 5,996,675,671
Bankruptcies 25,901 26,223 -1.2 1,226,021,733 3,081,903,144
Proposals 19,305 19,719 -2.1 2,251,622,036 2,914,772,527
Ontario 40,551 41,076 -1.3 2,851,775,361 5,000,097,166
Bankruptcies 17,595 18,842 -6.6 766,286,038 2,324,981,841
Proposals 22,956 22,234 3.2 2,085,489,323 2,675,115,325
Manitoba 2,659 2,136 24.5 257,389,704 789,901,296
Bankruptcies 1,482 1,290 14.9 100,755,539 627,157,375
Proposals 1,177 846 39.1 156,634,165 162,743,921
Saskatchewan 3,077 2,317 32.8 490,143,995 753,489,508
Bankruptcies 1,512 1,240 21.9 174,077,931 355,706,806
Proposals 1,565 1,077 45.3 316,066,064 397,782,702
Alberta 13,338 9,944 34.1 2,295,193,221 3,912,795,909
Bankruptcies 5,548 4,375 26.8 920,600,857 2,481,630,201
Proposals 7,790 5,569 39.9 1,374,592,364 1,431,165,708
British Columbia 11,005 11,802 -6.8 1,029,588,770 13,951,566,745
Bankruptcies 4,868 5,837 -16.6 452,465,164 13,264,217,563
Proposals 6,137 5,965 2.9 577,123,606 687,349,182
Northwest Territories 60 52 15.4 7,189,558 10,401,834
Bankruptcies 35 28 25.0 2,620,912 5,850,190
Proposals 25 24 4.2 4,568,646 4,551,644
Yukon 55 35 57.1 4,002,850 6,070,663
Bankruptcies 27 18 50.0 1,476,934 2,685,597
Proposals 28 17 64.7 2,525,916 3,385,066
Nunavut 10 5 100.0 1,355,810 1,800,031
Bankruptcies 4 2 100.0 1,162,968 1,700,532
Proposals 6 3 100.0 192,842 99,499
Canada 129,727 125,716 3.2 11,596,264,575 32,167,562,575
Bankruptcies 66,256 66,495 -0.4 4,262,321,808 23,250,986,117
Proposals 63,471 59,221 7.2 7,333,942,767 8,916,576,458
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