Insolvency Statistics in Canada—2016 (Table 3)

Table 3: Insolvencies Filed by Businesses
Province Volume 2016
2016 2015 % Change Assets Declared at the Time of Filing ($) Liabilities Declared at the Time of Filing ($)
Newfoundland and Labrador 28 27 3.7 3,616,835 16,215,281
Bankruptcies 22 21 4.8 3,592,087 10,346,028
Proposals 6 6 0.0 24,748 5,869,253
Prince Edward Island 13 16 -18.8 935,572 26,920,945
Bankruptcies 7 12 -41.7 311,037 18,698,926
Proposals 6 4 50.0 624,535 8,222,019
Nova Scotia 75 93 -19.4 10,082,359 64,338,580
Bankruptcies 63 69 -8.7 9,942,664 52,920,166
Proposals 12 24 -50.0 139,695 11,418,414
New Brunswick 59 80 -26.3 14,126,085 47,153,890
Bankruptcies 45 59 -23.7 12,567,908 35,482,781
Proposals 14 21 -33.3 1,558,177 11,671,109
Quebec 2,197 2,237 -1.8 165,038,161 1,744,176,036
Bankruptcies 1,660 1,684 -1.4 114,948,459 989,165,386
Proposals 537 553 -2.9 50,089,702 755,010,650
Ontario 940 1,141 -17.6 104,877,819 883,492,003
Bankruptcies 691 884 -21.8 88,899,718 548,892,144
Proposals 249 257 -3.1 15,978,101 334,599,859
Manitoba 52 38 36.8 6,263,340 21,534,579
Bankruptcies 34 26 30.8 4,159,199 13,283,727
Proposals 18 12 50.0 2,104,141 8,250,852
Saskatchewan 117 119 -1.7 14,049,255 257,406,663
Bankruptcies 91 85 7.1 9,680,199 135,849,344
Proposals 26 34 -23.5 4,369,056 121,557,319
Alberta 168 134 25.4 249,117,627 1,348,116,796
Bankruptcies 121 95 27.4 234,626,933 1,266,196,453
Proposals 47 39 20.5 14,490,694 81,920,343
British Columbia 199 222 -10.4 214,376,663 12,691,495,749
Bankruptcies 149 154 -3.2 200,955,263 12,641,349,448
Proposals 50 68 -26.5 13,421,400 50,146,301
Northwest Territories 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Yukon 0 0 -- 0 0
Bankruptcies 0 0 -- 0 0
Proposals 0 0 -- 0 0
Nunavut 1 0 -- 957,517 1,305,632
Bankruptcies 1 0 -- 957,517 1,305,632
Proposals 0 0 -- 0 0
Canada 3,849 4,107 -6.3 783,441,233 17,102,156,154
Bankruptcies 2,884 3,089 -6.6 680,640,984 15,713,490,035
Proposals 965 1,018 -5.2 102,800,249 1,388,666,119
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