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Insolvency Statistics in Canada
Fourth Quarter of 2014
675 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 regionaleconomic activity. For Statistics Canada's geographical definitions of ERs, go to Economic region (ER).
| province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Q4 2014 | Q3 2014 | Q4 2013 | Q3 2014 to Q4 2014 | Q4 2013 to Q4 2014 | 12-31-2014 | 12-31-2013 | % Change | |
| Newfoundland and Labrador | 374 | 381 | 378 | -1.8 | -1.1 | 1,575 | 1,710 | -7.9 |
| Bankruptcies | 312 | 325 | 332 | -4.0 | -6.0 | 1,375 | 1,545 | -11.0 |
| Proposals | 62 | 56 | 46 | 10.7 | 34.8 | 200 | 165 | 21.2 |
| Prince Edward Island | 167 | 217 | 170 | -23.0 | -1.8 | 739 | 640 | 15.5 |
| Bankruptcies | 106 | 157 | 114 | -32.5 | -7.0 | 515 | 458 | 12.4 |
| Proposals | 61 | 60 | 56 | 1.7 | 8.9 | 224 | 182 | 23.1 |
| Nova Scotia | 1,302 | 1,395 | 1,144 | -6.7 | 13.8 | 5,304 | 4,771 | 11.2 |
| Bankruptcies | 956 | 999 | 837 | -4.3 | 14.2 | 3,778 | 3,379 | 11.8 |
| Proposals | 346 | 396 | 307 | -12.6 | 12.7 | 1,526 | 1,392 | 9.6 |
| New Brunswick | 1,107 | 1,149 | 1,015 | -3.7 | 9.1 | 4,395 | 4,037 | 8.9 |
| Bankruptcies | 786 | 805 | 713 | -2.4 | 10.2 | 3,089 | 2,910 | 6.2 |
| Proposals | 321 | 344 | 302 | -6.7 | 6.3 | 1,306 | 1,127 | 15.9 |
| Quebec | 11,210 | 10,650 | 10,430 | 5.3 | 7.5 | 43,891 | 42,127 | 4.2 |
| Bankruptcies | 6,546 | 6,317 | 6,428 | 3.6 | 1.8 | 26,137 | 26,812 | -2.5 |
| Proposals | 4,664 | 4,333 | 4,002 | 7.6 | 16.5 | 17,754 | 15,315 | 15.9 |
| Ontario | 10,274 | 10,303 | 10,960 | -0.3 | -6.3 | 42,198 | 45,354 | -7.0 |
| Bankruptcies | 4,999 | 4,907 | 5,609 | 1.9 | -10.9 | 20,069 | 22,731 | -11.7 |
| Proposals | 5,275 | 5,396 | 5,351 | -2.2 | -1.4 | 22,129 | 22,623 | -2.2 |
| Manitoba | 510 | 508 | 500 | 0.4 | 2.0 | 1,948 | 1,919 | 1.5 |
| Bankruptcies | 336 | 334 | 340 | 0.6 | -1.2 | 1,248 | 1,269 | -1.7 |
| Proposals | 174 | 174 | 160 | 0.0 | 8.8 | 700 | 650 | 7.7 |
| Saskatchewan | 482 | 526 | 438 | -8.4 | 10.0 | 2,062 | 1,805 | 14.2 |
| Bankruptcies | 269 | 288 | 262 | -6.6 | 2.7 | 1,182 | 1,106 | 6.9 |
| Proposals | 213 | 238 | 176 | -10.5 | 21.0 | 880 | 699 | 25.9 |
| Alberta | 2,047 | 2,006 | 1,916 | 2.0 | 6.8 | 8,422 | 8,452 | -0.4 |
| Bankruptcies | 926 | 921 | 1,027 | 0.5 | -9.8 | 3,964 | 4,826 | -17.9 |
| Proposals | 1,121 | 1,085 | 889 | 3.3 | 26.1 | 4,458 | 3,626 | 22.9 |
| British Columbia | 2,805 | 2,876 | 2,935 | -2.5 | -4.4 | 11,639 | 12,057 | -3.5 |
| Bankruptcies | 1,474 | 1,554 | 1,795 | -5.1 | -17.9 | 6,545 | 7,319 | -10.6 |
| Proposals | 1,331 | 1,322 | 1,140 | 0.7 | 16.8 | 5,094 | 4,738 | 7.5 |
| Northwest Territories | 16 | 8 | 18 | 100.0 | -11.1 | 49 | 51 | -3.9 |
| Bankruptcies | 10 | 3 | 11 | 233.3 | -9.1 | 26 | 31 | -16.1 |
| Proposals | 6 | 5 | 7 | 20.0 | -14.3 | 23 | 20 | 15.0 |
| Yukon | 9 | 11 | 11 | -18.2 | -18.2 | 40 | 31 | 29.0 |
| Bankruptcies | 2 | 7 | 8 | -71.4 | -75.0 | 22 | 22 | 0.0 |
| Proposals | 7 | 4 | 3 | 75.0 | 133.3 | 18 | 9 | 100.0 |
| Nunavut | 3 | 1 | 2 | 200.0 | 50.0 | 7 | 5 | 40.0 |
| Bankruptcies | 3 | 0 | 1 | -- | 200.0 | 5 | 3 | 66.7 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 2 | 0.0 |
| Canada | 30,306 | 30,031 | 29,917 | 0.9 | 1.3 | 122,269 | 122,959 | -0.6 |
| Bankruptcies | 16,725 | 16,617 | 17,477 | 0.6 | -4.3 | 67,955 | 72,411 | -6.2 |
| Proposals | 13,581 | 13,414 | 12,440 | 1.2 | 9.2 | 54,314 | 50,548 | 7.5 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Q4 2014 | Q3 2014 | Q4 2013 | Q3 2014 to Q4 2014 | Q4 2013 to Q4 2014 | 12-31-2014 | 12-31-2013 | % Change | |
| Newfoundland and Labrador | 362 | 378 | 372 | -4.2 | -2.7 | 1,545 | 1,678 | -7.9 |
| Bankruptcies | 300 | 322 | 326 | -6.8 | -8.0 | 1,348 | 1,524 | -11.5 |
| Proposals | 62 | 56 | 46 | 10.7 | 34.8 | 197 | 154 | 27.9 |
| Prince Edward Island | 163 | 212 | 164 | -23.1 | -0.6 | 721 | 617 | 16.9 |
| Bankruptcies | 102 | 154 | 109 | -33.8 | -6.4 | 502 | 440 | 14.1 |
| Proposals | 61 | 58 | 55 | 5.2 | 10.9 | 219 | 177 | 23.7 |
| Nova Scotia | 1,284 | 1,376 | 1,117 | -6.7 | 15.0 | 5,227 | 4,660 | 12.2 |
| Bankruptcies | 942 | 986 | 819 | -4.5 | 15.0 | 3,726 | 3,295 | 13.1 |
| Proposals | 342 | 390 | 298 | -12.3 | 14.8 | 1,501 | 1,365 | 10.0 |
| New Brunswick | 1,081 | 1,135 | 988 | -4.8 | 9.4 | 4,308 | 3,955 | 8.9 |
| Bankruptcies | 766 | 793 | 690 | -3.4 | 11.0 | 3,021 | 2,846 | 6.1 |
| Proposals | 315 | 342 | 298 | -7.9 | 5.7 | 1,287 | 1,109 | 16.1 |
| Quebec | 10,555 | 10,134 | 9,866 | 4.2 | 7.0 | 41,554 | 39,947 | 4.0 |
| Bankruptcies | 6,107 | 5,932 | 6,014 | 3.0 | 1.5 | 24,447 | 25,221 | -3.1 |
| Proposals | 4,448 | 4,202 | 3,852 | 5.9 | 15.5 | 17,107 | 14,726 | 16.2 |
| Ontario | 9,981 | 10,051 | 10,658 | -0.7 | -6.4 | 41,108 | 44,134 | -6.9 |
| Bankruptcies | 4,774 | 4,693 | 5,372 | 1.7 | -11.1 | 19,234 | 21,773 | -11.7 |
| Proposals | 5,207 | 5,358 | 5,286 | -2.8 | -1.5 | 21,874 | 22,361 | -2.2 |
| Manitoba | 497 | 499 | 482 | -0.4 | 3.1 | 1,891 | 1,852 | 2.1 |
| Bankruptcies | 325 | 329 | 327 | -1.2 | -0.6 | 1,200 | 1,214 | -1.2 |
| Proposals | 172 | 170 | 155 | 1.2 | 11.0 | 691 | 638 | 8.3 |
| Saskatchewan | 462 | 503 | 415 | -8.2 | 11.3 | 1,938 | 1,690 | 14.7 |
| Bankruptcies | 254 | 276 | 251 | -8.0 | 1.2 | 1,105 | 1,038 | 6.5 |
| Proposals | 208 | 227 | 164 | -8.4 | 26.8 | 833 | 652 | 27.8 |
| Alberta | 2,008 | 1,969 | 1,861 | 2.0 | 7.9 | 8,281 | 8,258 | 0.3 |
| Bankruptcies | 893 | 898 | 990 | -0.6 | -9.8 | 3,859 | 4,689 | -17.7 |
| Proposals | 1,115 | 1,071 | 871 | 4.1 | 28.0 | 4,422 | 3,569 | 23.9 |
| British Columbia | 2,755 | 2,811 | 2,876 | -2.0 | -4.2 | 11,383 | 11,802 | -3.6 |
| Bankruptcies | 1,434 | 1,502 | 1,752 | -4.5 | -18.2 | 6,345 | 7,130 | -11.0 |
| Proposals | 1,321 | 1,309 | 1,124 | 0.9 | 17.5 | 5,038 | 4,672 | 7.8 |
| Northwest Territories | 16 | 8 | 18 | 100.0 | -11.1 | 49 | 51 | -3.9 |
| Bankruptcies | 10 | 3 | 11 | 233.3 | -9.1 | 26 | 31 | -16.1 |
| Proposals | 6 | 5 | 7 | 20.0 | -14.3 | 23 | 20 | 15.0 |
| Yukon | 8 | 11 | 11 | -27.3 | -27.3 | 39 | 29 | 34.5 |
| Bankruptcies | 2 | 7 | 8 | -71.4 | -75.0 | 22 | 20 | 10.0 |
| Proposals | 6 | 4 | 3 | 50.0 | 100.0 | 17 | 9 | 88.9 |
| Nunavut | 2 | 1 | 2 | 100.0 | 0.0 | 6 | 5 | 20.0 |
| Bankruptcies | 2 | 0 | 1 | -- | 100.0 | 4 | 3 | 33.3 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 2 | 0.0 |
| Canada | 29,174 | 29,088 | 28,830 | 0.3 | 1.2 | 118,050 | 118,678 | -0.5 |
| Bankruptcies | 15,911 | 15,895 | 16,670 | 0.1 | -4.6 | 64,839 | 69,224 | -6.3 |
| Proposals | 13,263 | 13,193 | 12,160 | 0.5 | 9.1 | 53,211 | 49,454 | 7.6 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Q4 2014 | Q3 2014 | Q4 2013 | Q3 2014 to Q4 2014 | Q4 2013 to Q4 2014 | 12-31-2014 | 12-31-2013 | % Change | |
| Newfoundland and Labrador | 12 | 3 | 6 | 300.0 | 100.0 | 30 | 32 | -6.3 |
| Bankruptcies | 12 | 3 | 6 | 300.0 | 100.0 | 27 | 21 | 28.6 |
| Proposals | 0 | 0 | 0 | -- | -- | 3 | 11 | -72.7 |
| Prince Edward Island | 4 | 5 | 6 | -20.0 | -33.3 | 18 | 23 | -21.7 |
| Bankruptcies | 4 | 3 | 5 | 33.3 | -20.0 | 13 | 18 | -27.8 |
| Proposals | 0 | 2 | 1 | -100.0 | -100.0 | 5 | 5 | 0.0 |
| Nova Scotia | 18 | 19 | 27 | -5.3 | -33.3 | 77 | 111 | -30.6 |
| Bankruptcies | 14 | 13 | 18 | 7.7 | -22.2 | 52 | 84 | -38.1 |
| Proposals | 4 | 6 | 9 | -33.3 | -55.6 | 25 | 27 | -7.4 |
| New Brunswick | 26 | 14 | 27 | 85.7 | -3.7 | 87 | 82 | 6.1 |
| Bankruptcies | 20 | 12 | 23 | 66.7 | -13.0 | 68 | 64 | 6.3 |
| Proposals | 6 | 2 | 4 | 200.0 | 50.0 | 19 | 18 | 5.6 |
| Quebec | 655 | 516 | 564 | 26.9 | 16.1 | 2,337 | 2,180 | 7.2 |
| Bankruptcies | 439 | 385 | 414 | 14.0 | 6.0 | 1,690 | 1,591 | 6.2 |
| Proposals | 216 | 131 | 150 | 64.9 | 44.0 | 647 | 589 | 9.8 |
| Ontario | 293 | 252 | 302 | 16.3 | -3.0 | 1,090 | 1,220 | -10.7 |
| Bankruptcies | 225 | 214 | 237 | 5.1 | -5.1 | 835 | 958 | -12.8 |
| Proposals | 68 | 38 | 65 | 78.9 | 4.6 | 255 | 262 | -2.7 |
| Manitoba | 13 | 9 | 18 | 44.4 | -27.8 | 57 | 67 | -14.9 |
| Bankruptcies | 11 | 5 | 13 | 120.0 | -15.4 | 48 | 55 | -12.7 |
| Proposals | 2 | 4 | 5 | -50.0 | -60.0 | 9 | 12 | -25.0 |
| Saskatchewan | 20 | 23 | 23 | -13.0 | -13.0 | 124 | 115 | 7.8 |
| Bankruptcies | 15 | 12 | 11 | 25.0 | 36.4 | 77 | 68 | 13.2 |
| Proposals | 5 | 11 | 12 | -54.5 | -58.3 | 47 | 47 | 0.0 |
| Alberta | 39 | 37 | 55 | 5.4 | -29.1 | 141 | 194 | -27.3 |
| Bankruptcies | 33 | 23 | 37 | 43.5 | -10.8 | 105 | 137 | -23.4 |
| Proposals | 6 | 14 | 18 | -57.1 | -66.7 | 36 | 57 | -36.8 |
| British Columbia | 50 | 65 | 59 | -23.1 | -15.3 | 256 | 255 | 0.4 |
| Bankruptcies | 40 | 52 | 43 | -23.1 | -7.0 | 200 | 189 | 5.8 |
| Proposals | 10 | 13 | 16 | -23.1 | -37.5 | 56 | 66 | -15.2 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 1 | 0 | 0 | -- | -- | 1 | 2 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 2 | -100.0 |
| Proposals | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Nunavut | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 1,132 | 943 | 1,087 | 20.0 | 4.1 | 4,219 | 4,281 | -1.4 |
| Bankruptcies | 814 | 722 | 807 | 12.7 | 0.9 | 3,116 | 3,187 | -2.2 |
| Proposals | 318 | 221 | 280 | 43.9 | 13.6 | 1,103 | 1,094 | 0.8 |