Insolvency Statistics in Canada—Second Quarter of 2018

Tables

Glossary

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.
Business:
Any commercial entity or organization other than an individual, or an individual who has incurred 50% or more of total liabilities as a result of operating a business.
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.
Consumer:
An individual with more than 50% of total liabilities related to consumer goods and services.
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).
NAICS:
North American Industry Classification System.
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.
Table 1: Total Insolvencies
provinceVolume% Change12-Month Period Ending
Q2 2018Q1 2018Q2 2017Q1 2018
to
Q2 2018
Q2 2017
to
Q2 2018
06-30-201806-30-2017% Change
Newfoundland and Labrador7456956557.213.72,6972,43610.7
Bankruptcies37931538120.3-0.51,3641,468-7.1
Proposals366380274-3.733.61,33396837.7
Prince Edward Island189192167-1.613.2719752-4.4
Bankruptcies1201131136.26.2423466-9.2
Proposals697954-12.727.82962863.5
Nova Scotia1,5551,3151,56618.3-0.75,6986,003-5.1
Bankruptcies9797991,10422.5-11.33,6254,128-12.2
Proposals57651646211.624.72,0731,87510.6
New Brunswick1,1869471,19725.2-0.94,3634,464-2.3
Bankruptcies62145872435.6-14.22,2932,742-16.4
Proposals56548947315.519.52,0701,72220.2
Quebec11,10911,30111,422-1.7-2.743,58244,096-1.2
Bankruptcies5,9305,6646,4974.7-8.723,29124,941-6.6
Proposals5,1795,6374,925-8.15.220,29119,1555.9
Ontario10,4359,50710,3009.81.338,81939,522-1.8
Bankruptcies4,2023,6384,37615.5-4.015,50416,668-7.0
Proposals6,2335,8695,9246.25.223,31522,8542.0
Manitoba79358063736.724.52,7302,5955.2
Bankruptcies40626934650.917.31,4231,3922.2
Proposals38731129124.433.01,3071,2038.6
Saskatchewan8717998539.02.13,3113,1863.9
Bankruptcies3263034197.6-22.21,3441,504-10.6
Proposals5454964349.925.61,9671,68216.9
Alberta3,8843,4633,42612.213.414,01213,3614.9
Bankruptcies1,3431,2271,3439.50.05,0185,346-6.1
Proposals2,5412,2362,08313.622.08,9948,01512.2
British Columbia2,7312,4942,6609.52.710,06810,332-2.6
Bankruptcies1,1251,0641,1905.7-5.54,1084,525-9.2
Proposals1,6061,4301,47012.39.35,9605,8072.6
Northwest Territories2524164.256.31036363.5
Bankruptcies1591066.750.0633485.3
Proposals10156-33.366.7402937.9
Yukon9108-10.012.540385.3
Bankruptcies4470.0-42.91620-20.0
Proposals561-16.7400.0241833.3
Nunavut200n/an/a63100.0
Bankruptcies000n/an/a21100.0
Proposals200n/an/a42100.0
Canada33,53431,32732,9077.01.9126,148126,851-0.6
Bankruptcies15,45013,86316,51011.4-6.458,47463,235-7.5
Proposals18,08417,46416,3973.610.367,67463,6166.4
Table 2: Insolvencies Filed by Consumers
ProvinceVolume% Change12-Month Period Ending
Q2 2018Q1 2018Q2 2017Q1 2018
to
Q2 2018
Q2 2017
to
Q2 2018
06-30-201806-30-2017% Change
Newfoundland and Labrador7426916467.414.92,6732,40111.3
Bankruptcies37631137320.90.81,3461,442-6.7
Proposals366380273-3.734.11,32795938.4
Prince Edward Island188191163-1.615.3715738-3.1
Bankruptcies1191121116.37.2419455-7.9
Proposals697952-12.732.72962834.6
Nova Scotia1,5481,2991,55319.2-0.35,6485,944-5.0
Bankruptcies9747871,09223.8-10.83,5864,077-12.0
Proposals57451246112.124.52,0621,86710.4
New Brunswick1,1719421,17424.3-0.34,3174,406-2.0
Bankruptcies60645370633.8-14.22,2562,694-16.3
Proposals56548946815.520.72,0611,71220.4
Quebec10,59610,74310,877-1.4-2.641,54042,003-1.1
Bankruptcies5,5575,2426,0606.0-8.321,76723,355-6.8
Proposals5,0395,5014,817-8.44.619,77318,6486.0
Ontario10,2019,27210,09010.01.137,90638,646-1.9
Bankruptcies4,0253,4584,21816.4-4.614,83016,023-7.4
Proposals6,1765,8145,8726.25.223,07622,6232.0
Manitoba78757262737.625.52,6992,5495.9
Bankruptcies40126133753.619.01,3981,3553.2
Proposals38631129024.133.11,3011,1949.0
Saskatchewan8487728129.84.43,1963,0624.4
Bankruptcies3102883877.6-19.91,2591,411-10.8
Proposals53848442511.226.61,9371,65117.3
Alberta3,8333,4163,36612.213.913,81413,1684.9
Bankruptcies1,3021,1961,3028.90.04,8835,207-6.2
Proposals2,5312,2202,06414.022.68,9317,96112.2
British Columbia2,7062,4652,6239.83.29,95610,157-2.0
Bankruptcies1,1051,0421,1596.0-4.74,0244,386-8.3
Proposals1,6011,4231,46412.59.45,9325,7712.8
Northwest Territories2524154.266.71036266.1
Bankruptcies159966.766.7633390.9
Proposals10156-33.366.7402937.9
Yukon9108-10.012.540385.3
Bankruptcies4470.0-42.91620-20.0
Proposals561-16.7400.0241833.3
Nunavut200n/an/a63100.0
Bankruptcies000n/an/a21100.0
Proposals200n/an/a42100.0
Canada32,65630,39731,9547.42.2122,613123,177-0.5
Bankruptcies14,79413,16315,76112.4-6.155,84960,459-7.6
Proposals17,86217,23416,1933.610.366,76462,7186.5
Table 3: Insolvencies Filed by Businesses
ProvinceVolume% Change12-Month Period Ending
Q2 2018Q1 2018Q2 2017Q1 2018
to
Q2 2018
Q2 2017
to
Q2 2018
06-30-201806-30-2017% Change
Newfoundland and Labrador349-25.0-66.72435-31.4
Bankruptcies348-25.0-62.51826-30.8
Proposals001n/a-100.069-33.3
Prince Edward Island1140.0-75.0414-71.4
Bankruptcies1120.0-50.0411-63.6
Proposals002n/a-100.003-100.0
Nova Scotia71613-56.3-46.25059-15.3
Bankruptcies51212-58.3-58.33951-23.5
Proposals241-50.0100.011837.5
New Brunswick15523200.0-34.84658-20.7
Bankruptcies15518200.0-16.73748-22.9
Proposals005n/a-100.0910-10.0
Quebec513558545-8.1-5.92,0422,093-2.4
Bankruptcies373422437-11.6-14.61,5241,586-3.9
Proposals1401361082.929.65185072.2
Ontario234235210-0.411.49138764.2
Bankruptcies177180158-1.712.06746454.5
Proposals5755523.69.62392313.5
Manitoba6810-25.0-40.03146-32.6
Bankruptcies589-37.5-44.42537-32.4
Proposals101n/a0.069-33.3
Saskatchewan232741-14.8-43.9115124-7.3
Bankruptcies1615326.7-50.08593-8.6
Proposals7129-41.7-22.23031-3.2
Alberta5147608.5-15.01981932.6
Bankruptcies41314132.30.0135139-2.9
Proposals101619-37.5-47.4635416.7
British Columbia252937-13.8-32.4112175-36.0
Bankruptcies202231-9.1-35.584139-39.6
Proposals576-28.6-16.72836-22.2
Northwest Territories001n/a-100.001-100.0
Bankruptcies001n/a-100.001-100.0
Proposals000n/an/a00n/a
Yukon000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Nunavut000n/an/a00n/a
Bankruptcies000n/an/a00n/a
Proposals000n/an/a00n/a
Canada878930953-5.6-7.93,5353,674-3.8
Bankruptcies656700749-6.3-12.42,6252,776-5.4
Proposals222230204-3.58.89108981.3