Insolvency Statistics in Canada—2016
(Tables 9 to 11)

Table 9: Receiverships
province Volume Declared Assets ($)
2016
2016 2015 % Change
Newfoundland and Labrador 7 2 250.0 17,947,833
Court appointed 4 0 -- 15,102,108
Privately appointed 3 2 50.0 2,845,725
Prince Edward Island 12 4 200.0 7,938,233
Court appointed 12 0 -- 7,938,233
Privately appointed 0 4 -100.0 0
Nova Scotia 19 26 -26.9 52,657,519
Court appointed 3 4 -25.0 37,455,384
Privately appointed 16 22 -27.3 15,202,135
New Brunswick 17 20 -15.0 69,611,057
Court appointed 2 4 -50.0 57,943,624
Privately appointed 15 16 -6.3 11,667,433
Quebec 24 24 0.0 94,699,484
Court appointed 22 21 4.8 94,477,006
Privately appointed 2 3 -33.3 222,478
Ontario 188 211 -10.9 948,071,212
Court appointed 105 91 15.4 909,678,001
Privately appointed 83 120 -30.8 38,393,211
Manitoba 5 13 -61.5 9,700,681
Court appointed 1 2 -50.0 79,260
Privately appointed 4 11 -63.6 9,621,421
Saskatchewan 6 7 -14.3 16,373,752
Court appointed 4 7 -42.9 16,171,689
Privately appointed 2 0 -- 202,063
Alberta 131 108 21.3 1,771,465,597
Court appointed 111 93 19.4 1,699,908,428
Privately appointed 20 15 33.3 71,557,169
British Columbia 36 50 -28.0 87,914,383
Court appointed 16 23 -30.4 74,093,770
Privately appointed 20 27 -25.9 13,820,613
Northwest Territories 0 0 -- 0
Court appointed 0 0 -- 0
Privately appointed 0 0 -- 0
Yukon 0 0 -- 0
Court appointed 0 0 -- 0
Privately appointed 0 0 -- 0
Nunavut 0 0 -- 0
Court appointed 0 0 -- 0
Privately appointed 0 0 -- 0
Canada 445 465 -4.3 3,076,379,751
Court appointed 280 245 14.3 2,912,847,503
Privately appointed 165 220 -25.0 163,532,248

top of page

Table 10: Consolidation of All Files Closed in 2016
Province Number of Files Assets
($)
Liabilities
($)
Deficit
($)
Total Receipts
($)
Administrative Expenses
($)
Dividends
($)
Newfoundland and Labrador 1,518 121,289,872 198,524,127 77,234,255 11,506,733 6,263,241 5,243,492
Bankruptcies 1,323 93,446,253 165,298,498 71,852,245 9,570,051 5,631,068 3,938,983
Proposals 195 27,843,619 33,225,629 5,382,010 1,936,682 632,173 1,304,509
Prince Edward Island 660 46,839,665 85,130,504 38,290,839 4,289,862 2,454,814 1,835,048
Bankruptcies 536 31,658,132 58,021,046 26,362,914 2,258,727 1,535,399 723,328
Proposals 124 15,181,533 27,109,458 11,927,925 2,031,135 919,415 1,111,721
Nova Scotia 4,591 364,018,961 595,098,457 231,079,495 39,099,973 16,889,954 22,210,019
Bankruptcies 3,608 241,427,918 450,978,780 209,550,862 25,120,396 12,322,584 12,797,812
Proposals 983 122,591,044 144,119,677 21,528,633 13,979,577 4,567,370 9,412,207
New Brunswick 3,799 353,935,364 598,790,542 244,855,178 30,562,521 16,513,115 14,049,406
Bankruptcies 3,048 254,091,901 477,283,724 223,191,823 20,588,484 13,278,154 7,310,330
Proposals 751 99,843,463 121,506,818 21,663,355 9,974,037 3,234,961 6,739,076
Quebec 42,128 3,313,043,753 6,333,789,276 3,020,745,523 396,356,235 216,447,396 179,908,839
Bankruptcies 28,455 1,457,283,749 3,678,935,278 2,221,651,528 183,161,090 129,007,912 54,153,178
Proposals 13,673 1,855,760,003 2,654,853,998 799,093,995 213,195,145 87,439,485 125,755,661
Ontario 48,497 5,691,537,473 12,509,911,394 6,818,373,921 615,327,800 246,113,581 369,214,219
Bankruptcies 23,048 2,104,124,724 8,107,368,783 6,003,244,058 181,449,911 105,775,413 75,674,498
Proposals 25,449 3,587,412,749 4,402,542,611 815,129,862 433,877,889 140,338,168 293,539,721
Manitoba 1,911 158,265,134 232,234,253 73,969,119 22,177,246 9,279,076 12,898,170
Bankruptcies 1,233 76,925,782 147,346,474 70,420,692 11,231,086 6,085,871 5,145,215
Proposals 678 81,339,352 84,887,780 3,548,428 10,946,160 3,193,205 7,752,955
Saskatchewan 1,751 218,609,329 373,963,647 155,354,318 19,661,584 8,156,909 11,504,675
Bankruptcies 1,029 97,993,316 253,991,344 155,998,028 6,478,901 3,713,705 2,765,196
Proposals 722 120,616,013 119,972,303 -643,710 13,182,683 4,443,205 8,739,479
Alberta 8,636 1,496,338,024 2,383,834,091 887,496,067 128,772,541 49,844,944 78,927,597
Bankruptcies 4,929 805,246,560 1,519,363,248 714,116,688 59,265,882 29,822,038 29,443,844
Proposals 3,707 691,091,464 864,470,844 173,379,380 69,506,659 20,022,906 49,483,753
British Columbia 11,152 1,531,590,675 2,695,241,735 1,163,651,061 142,734,005 58,835,726 83,898,280
Bankruptcies 6,646 740,767,574 1,642,949,408 902,181,834 60,787,002 33,355,237 27,431,765
Proposals 4,506 790,823,101 1,052,292,328 261,469,227 81,947,003 25,480,489 56,466,515
Northwest Territories 42 6,813,190 10,502,481 3,689,291 1,606,636 914,953 691,683
Bankruptcies 30 2,310,077 5,640,209 3,330,132 319,120 145,999 173,121
Proposals 12 4,503,113 4,862,272 359,159 1,287,516 768,954 518,562
Yukon 30 2,682,058 6,067,727 3,385,669 384,684 146,723 237,961
Bankruptcies 20 1,712,594 4,781,921 3,069,327 157,861 90,278 67,583
Proposals 10 969,463 1,285,806 316,343 226,824 56,445 170,378
Nunavut 2 17,404 350,091 332,687 32,261 31,231 1,030
Bankruptcies 2 17,404 350,091 332,687 32,261 31,231 1,030
Proposals 0 0 0 0 0 0 0
Canada 124,717 13,304,980,902 26,023,438,326 12,718,457,424 1,412,512,082 631,891,663 780,620,420
Bankruptcies 73,907 5,907,005,985 16,512,308,803 10,605,302,818 560,420,771 340,794,888 219,625,883
Proposals 50,810 7,397,974,917 9,511,129,523 2,113,154,606 852,091,312 291,096,775 560,994,537

top of page

Table 11: Consumer Debtors Profile
Province Distribution of Insolvency Files (%)
Age Group (Years) Sex
18 to 24 25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64 65 and older Women Men
Newfoundland and Labrador 3.5 9.1 12.7 14.7 13.8 12.9 9.5 7.3 5.7 10.8 48.8 51.2
Prince Edward Island 4.0 8.2 13.0 12.5 11.7 11.2 9.1 11.3 7.7 11.2 48.1 51.9
Nova Scotia 3.0 6.6 11.2 11.7 13.8 12.5 12.0 9.1 8.0 12.1 49.9 50.1
New Brunswick 3.3 7.8 11.0 13.4 13.5 11.2 10.9 9.5 7.2 12.1 47.6 52.4
Quebec 4.4 8.2 10.5 12.7 12.5 11.8 11.9 9.9 6.8 11.6 45.4 54.6
Ontario 2.9 7.1 11.7 12.4 12.9 12.2 12.4 10.3 7.2 10.9 47.8 52.2
Manitoba 3.6 8.2 11.9 12.8 12.8 11.3 11.7 8.8 7.0 12.0 46.4 53.6
Saskatchewan 2.3 7.0 14.2 17.0 14.5 11.6 10.9 7.7 6.5 8.3 45.2 54.8
Alberta 2.5 7.2 13.2 15.9 14.9 12.5 11.3 9.1 5.6 7.9 44.3 55.7
British Columbia 1.9 6.2 11.8 13.4 13.8 13.0 11.4 9.7 7.5 11.4 49.1 50.9
Northwest Territories 0.0 1.7 6.7 10.0 18.3 16.7 10.0 20.0 6.7 10.0 38.3 61.7
Yukon 0.0 10.9 1.8 9.1 18.2 9.1 14.5 7.3 9.1 20.0 49.1 50.9
Nunavut 11.1 22.2 0.0 11.1 22.2 11.1 0.0 11.1 11.1 0.0 55.6 44.4
Canada 3.3 7.4 11.5 13.1 13.1 12.1 11.8 9.7 6.9 10.9 46.8 53.2
Date modified: