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Insolvency Statistics in Canada—Second Quarter of 2018
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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
- 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.
province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2018 | Q1 2018 | Q2 2017 | Q1 2018 to Q2 2018 | Q2 2017 to Q2 2018 | 06-30-2018 | 06-30-2017 | % Change | |
Newfoundland and Labrador | 745 | 695 | 655 | 7.2 | 13.7 | 2,697 | 2,436 | 10.7 |
Bankruptcies | 379 | 315 | 381 | 20.3 | -0.5 | 1,364 | 1,468 | -7.1 |
Proposals | 366 | 380 | 274 | -3.7 | 33.6 | 1,333 | 968 | 37.7 |
Prince Edward Island | 189 | 192 | 167 | -1.6 | 13.2 | 719 | 752 | -4.4 |
Bankruptcies | 120 | 113 | 113 | 6.2 | 6.2 | 423 | 466 | -9.2 |
Proposals | 69 | 79 | 54 | -12.7 | 27.8 | 296 | 286 | 3.5 |
Nova Scotia | 1,555 | 1,315 | 1,566 | 18.3 | -0.7 | 5,698 | 6,003 | -5.1 |
Bankruptcies | 979 | 799 | 1,104 | 22.5 | -11.3 | 3,625 | 4,128 | -12.2 |
Proposals | 576 | 516 | 462 | 11.6 | 24.7 | 2,073 | 1,875 | 10.6 |
New Brunswick | 1,186 | 947 | 1,197 | 25.2 | -0.9 | 4,363 | 4,464 | -2.3 |
Bankruptcies | 621 | 458 | 724 | 35.6 | -14.2 | 2,293 | 2,742 | -16.4 |
Proposals | 565 | 489 | 473 | 15.5 | 19.5 | 2,070 | 1,722 | 20.2 |
Quebec | 11,109 | 11,301 | 11,422 | -1.7 | -2.7 | 43,582 | 44,096 | -1.2 |
Bankruptcies | 5,930 | 5,664 | 6,497 | 4.7 | -8.7 | 23,291 | 24,941 | -6.6 |
Proposals | 5,179 | 5,637 | 4,925 | -8.1 | 5.2 | 20,291 | 19,155 | 5.9 |
Ontario | 10,435 | 9,507 | 10,300 | 9.8 | 1.3 | 38,819 | 39,522 | -1.8 |
Bankruptcies | 4,202 | 3,638 | 4,376 | 15.5 | -4.0 | 15,504 | 16,668 | -7.0 |
Proposals | 6,233 | 5,869 | 5,924 | 6.2 | 5.2 | 23,315 | 22,854 | 2.0 |
Manitoba | 793 | 580 | 637 | 36.7 | 24.5 | 2,730 | 2,595 | 5.2 |
Bankruptcies | 406 | 269 | 346 | 50.9 | 17.3 | 1,423 | 1,392 | 2.2 |
Proposals | 387 | 311 | 291 | 24.4 | 33.0 | 1,307 | 1,203 | 8.6 |
Saskatchewan | 871 | 799 | 853 | 9.0 | 2.1 | 3,311 | 3,186 | 3.9 |
Bankruptcies | 326 | 303 | 419 | 7.6 | -22.2 | 1,344 | 1,504 | -10.6 |
Proposals | 545 | 496 | 434 | 9.9 | 25.6 | 1,967 | 1,682 | 16.9 |
Alberta | 3,884 | 3,463 | 3,426 | 12.2 | 13.4 | 14,012 | 13,361 | 4.9 |
Bankruptcies | 1,343 | 1,227 | 1,343 | 9.5 | 0.0 | 5,018 | 5,346 | -6.1 |
Proposals | 2,541 | 2,236 | 2,083 | 13.6 | 22.0 | 8,994 | 8,015 | 12.2 |
British Columbia | 2,731 | 2,494 | 2,660 | 9.5 | 2.7 | 10,068 | 10,332 | -2.6 |
Bankruptcies | 1,125 | 1,064 | 1,190 | 5.7 | -5.5 | 4,108 | 4,525 | -9.2 |
Proposals | 1,606 | 1,430 | 1,470 | 12.3 | 9.3 | 5,960 | 5,807 | 2.6 |
Northwest Territories | 25 | 24 | 16 | 4.2 | 56.3 | 103 | 63 | 63.5 |
Bankruptcies | 15 | 9 | 10 | 66.7 | 50.0 | 63 | 34 | 85.3 |
Proposals | 10 | 15 | 6 | -33.3 | 66.7 | 40 | 29 | 37.9 |
Yukon | 9 | 10 | 8 | -10.0 | 12.5 | 40 | 38 | 5.3 |
Bankruptcies | 4 | 4 | 7 | 0.0 | -42.9 | 16 | 20 | -20.0 |
Proposals | 5 | 6 | 1 | -16.7 | 400.0 | 24 | 18 | 33.3 |
Nunavut | 2 | 0 | 0 | n/a | n/a | 6 | 3 | 100.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 2 | 1 | 100.0 |
Proposals | 2 | 0 | 0 | n/a | n/a | 4 | 2 | 100.0 |
Canada | 33,534 | 31,327 | 32,907 | 7.0 | 1.9 | 126,148 | 126,851 | -0.6 |
Bankruptcies | 15,450 | 13,863 | 16,510 | 11.4 | -6.4 | 58,474 | 63,235 | -7.5 |
Proposals | 18,084 | 17,464 | 16,397 | 3.6 | 10.3 | 67,674 | 63,616 | 6.4 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2018 | Q1 2018 | Q2 2017 | Q1 2018 to Q2 2018 | Q2 2017 to Q2 2018 | 06-30-2018 | 06-30-2017 | % Change | |
Newfoundland and Labrador | 742 | 691 | 646 | 7.4 | 14.9 | 2,673 | 2,401 | 11.3 |
Bankruptcies | 376 | 311 | 373 | 20.9 | 0.8 | 1,346 | 1,442 | -6.7 |
Proposals | 366 | 380 | 273 | -3.7 | 34.1 | 1,327 | 959 | 38.4 |
Prince Edward Island | 188 | 191 | 163 | -1.6 | 15.3 | 715 | 738 | -3.1 |
Bankruptcies | 119 | 112 | 111 | 6.3 | 7.2 | 419 | 455 | -7.9 |
Proposals | 69 | 79 | 52 | -12.7 | 32.7 | 296 | 283 | 4.6 |
Nova Scotia | 1,548 | 1,299 | 1,553 | 19.2 | -0.3 | 5,648 | 5,944 | -5.0 |
Bankruptcies | 974 | 787 | 1,092 | 23.8 | -10.8 | 3,586 | 4,077 | -12.0 |
Proposals | 574 | 512 | 461 | 12.1 | 24.5 | 2,062 | 1,867 | 10.4 |
New Brunswick | 1,171 | 942 | 1,174 | 24.3 | -0.3 | 4,317 | 4,406 | -2.0 |
Bankruptcies | 606 | 453 | 706 | 33.8 | -14.2 | 2,256 | 2,694 | -16.3 |
Proposals | 565 | 489 | 468 | 15.5 | 20.7 | 2,061 | 1,712 | 20.4 |
Quebec | 10,596 | 10,743 | 10,877 | -1.4 | -2.6 | 41,540 | 42,003 | -1.1 |
Bankruptcies | 5,557 | 5,242 | 6,060 | 6.0 | -8.3 | 21,767 | 23,355 | -6.8 |
Proposals | 5,039 | 5,501 | 4,817 | -8.4 | 4.6 | 19,773 | 18,648 | 6.0 |
Ontario | 10,201 | 9,272 | 10,090 | 10.0 | 1.1 | 37,906 | 38,646 | -1.9 |
Bankruptcies | 4,025 | 3,458 | 4,218 | 16.4 | -4.6 | 14,830 | 16,023 | -7.4 |
Proposals | 6,176 | 5,814 | 5,872 | 6.2 | 5.2 | 23,076 | 22,623 | 2.0 |
Manitoba | 787 | 572 | 627 | 37.6 | 25.5 | 2,699 | 2,549 | 5.9 |
Bankruptcies | 401 | 261 | 337 | 53.6 | 19.0 | 1,398 | 1,355 | 3.2 |
Proposals | 386 | 311 | 290 | 24.1 | 33.1 | 1,301 | 1,194 | 9.0 |
Saskatchewan | 848 | 772 | 812 | 9.8 | 4.4 | 3,196 | 3,062 | 4.4 |
Bankruptcies | 310 | 288 | 387 | 7.6 | -19.9 | 1,259 | 1,411 | -10.8 |
Proposals | 538 | 484 | 425 | 11.2 | 26.6 | 1,937 | 1,651 | 17.3 |
Alberta | 3,833 | 3,416 | 3,366 | 12.2 | 13.9 | 13,814 | 13,168 | 4.9 |
Bankruptcies | 1,302 | 1,196 | 1,302 | 8.9 | 0.0 | 4,883 | 5,207 | -6.2 |
Proposals | 2,531 | 2,220 | 2,064 | 14.0 | 22.6 | 8,931 | 7,961 | 12.2 |
British Columbia | 2,706 | 2,465 | 2,623 | 9.8 | 3.2 | 9,956 | 10,157 | -2.0 |
Bankruptcies | 1,105 | 1,042 | 1,159 | 6.0 | -4.7 | 4,024 | 4,386 | -8.3 |
Proposals | 1,601 | 1,423 | 1,464 | 12.5 | 9.4 | 5,932 | 5,771 | 2.8 |
Northwest Territories | 25 | 24 | 15 | 4.2 | 66.7 | 103 | 62 | 66.1 |
Bankruptcies | 15 | 9 | 9 | 66.7 | 66.7 | 63 | 33 | 90.9 |
Proposals | 10 | 15 | 6 | -33.3 | 66.7 | 40 | 29 | 37.9 |
Yukon | 9 | 10 | 8 | -10.0 | 12.5 | 40 | 38 | 5.3 |
Bankruptcies | 4 | 4 | 7 | 0.0 | -42.9 | 16 | 20 | -20.0 |
Proposals | 5 | 6 | 1 | -16.7 | 400.0 | 24 | 18 | 33.3 |
Nunavut | 2 | 0 | 0 | n/a | n/a | 6 | 3 | 100.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 2 | 1 | 100.0 |
Proposals | 2 | 0 | 0 | n/a | n/a | 4 | 2 | 100.0 |
Canada | 32,656 | 30,397 | 31,954 | 7.4 | 2.2 | 122,613 | 123,177 | -0.5 |
Bankruptcies | 14,794 | 13,163 | 15,761 | 12.4 | -6.1 | 55,849 | 60,459 | -7.6 |
Proposals | 17,862 | 17,234 | 16,193 | 3.6 | 10.3 | 66,764 | 62,718 | 6.5 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q2 2018 | Q1 2018 | Q2 2017 | Q1 2018 to Q2 2018 | Q2 2017 to Q2 2018 | 06-30-2018 | 06-30-2017 | % Change | |
Newfoundland and Labrador | 3 | 4 | 9 | -25.0 | -66.7 | 24 | 35 | -31.4 |
Bankruptcies | 3 | 4 | 8 | -25.0 | -62.5 | 18 | 26 | -30.8 |
Proposals | 0 | 0 | 1 | n/a | -100.0 | 6 | 9 | -33.3 |
Prince Edward Island | 1 | 1 | 4 | 0.0 | -75.0 | 4 | 14 | -71.4 |
Bankruptcies | 1 | 1 | 2 | 0.0 | -50.0 | 4 | 11 | -63.6 |
Proposals | 0 | 0 | 2 | n/a | -100.0 | 0 | 3 | -100.0 |
Nova Scotia | 7 | 16 | 13 | -56.3 | -46.2 | 50 | 59 | -15.3 |
Bankruptcies | 5 | 12 | 12 | -58.3 | -58.3 | 39 | 51 | -23.5 |
Proposals | 2 | 4 | 1 | -50.0 | 100.0 | 11 | 8 | 37.5 |
New Brunswick | 15 | 5 | 23 | 200.0 | -34.8 | 46 | 58 | -20.7 |
Bankruptcies | 15 | 5 | 18 | 200.0 | -16.7 | 37 | 48 | -22.9 |
Proposals | 0 | 0 | 5 | n/a | -100.0 | 9 | 10 | -10.0 |
Quebec | 513 | 558 | 545 | -8.1 | -5.9 | 2,042 | 2,093 | -2.4 |
Bankruptcies | 373 | 422 | 437 | -11.6 | -14.6 | 1,524 | 1,586 | -3.9 |
Proposals | 140 | 136 | 108 | 2.9 | 29.6 | 518 | 507 | 2.2 |
Ontario | 234 | 235 | 210 | -0.4 | 11.4 | 913 | 876 | 4.2 |
Bankruptcies | 177 | 180 | 158 | -1.7 | 12.0 | 674 | 645 | 4.5 |
Proposals | 57 | 55 | 52 | 3.6 | 9.6 | 239 | 231 | 3.5 |
Manitoba | 6 | 8 | 10 | -25.0 | -40.0 | 31 | 46 | -32.6 |
Bankruptcies | 5 | 8 | 9 | -37.5 | -44.4 | 25 | 37 | -32.4 |
Proposals | 1 | 0 | 1 | n/a | 0.0 | 6 | 9 | -33.3 |
Saskatchewan | 23 | 27 | 41 | -14.8 | -43.9 | 115 | 124 | -7.3 |
Bankruptcies | 16 | 15 | 32 | 6.7 | -50.0 | 85 | 93 | -8.6 |
Proposals | 7 | 12 | 9 | -41.7 | -22.2 | 30 | 31 | -3.2 |
Alberta | 51 | 47 | 60 | 8.5 | -15.0 | 198 | 193 | 2.6 |
Bankruptcies | 41 | 31 | 41 | 32.3 | 0.0 | 135 | 139 | -2.9 |
Proposals | 10 | 16 | 19 | -37.5 | -47.4 | 63 | 54 | 16.7 |
British Columbia | 25 | 29 | 37 | -13.8 | -32.4 | 112 | 175 | -36.0 |
Bankruptcies | 20 | 22 | 31 | -9.1 | -35.5 | 84 | 139 | -39.6 |
Proposals | 5 | 7 | 6 | -28.6 | -16.7 | 28 | 36 | -22.2 |
Northwest Territories | 0 | 0 | 1 | n/a | -100.0 | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 1 | n/a | -100.0 | 0 | 1 | -100.0 |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Yukon | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Nunavut | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Proposals | 0 | 0 | 0 | n/a | n/a | 0 | 0 | n/a |
Canada | 878 | 930 | 953 | -5.6 | -7.9 | 3,535 | 3,674 | -3.8 |
Bankruptcies | 656 | 700 | 749 | -6.3 | -12.4 | 2,625 | 2,776 | -5.4 |
Proposals | 222 | 230 | 204 | -3.5 | 8.8 | 910 | 898 | 1.3 |