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Insolvency Statistics in Canada—Fourth 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).
North American Industry Classification System (NAICS): System that classifies economic units that have similar production processes in the same industry. This is a supply-based or production-oriented economic concept.
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 | |||||
---|---|---|---|---|---|---|---|---|
Q4 2018 | Q3 2018 | Q4 2017 | Q3 2018 to Q4 2018 | Q4 2017 to Q4 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Newfoundland and Labrador | 707 | 679 | 658 | 4.1 | 7.4 | 2,826 | 2,515 | 12.4 |
Bankruptcies | 343 | 359 | 356 | -4.5 | -3.7 | 1,396 | 1,390 | 0.4 |
Proposals | 364 | 320 | 302 | 13.8 | 20.5 | 1,430 | 1,125 | 27.1 |
Prince Edward Island | 189 | 165 | 169 | 14.5 | 11.8 | 735 | 685 | 7.3 |
Bankruptcies | 103 | 93 | 90 | 10.8 | 14.4 | 429 | 397 | 8.1 |
Proposals | 86 | 72 | 79 | 19.4 | 8.9 | 306 | 288 | 6.3 |
Nova Scotia | 1,393 | 1,379 | 1,332 | 1.0 | 4.6 | 5,642 | 5,773 | -2.3 |
Bankruptcies | 852 | 886 | 853 | -3.8 | -0.1 | 3,516 | 3,850 | -8.7 |
Proposals | 541 | 493 | 479 | 9.7 | 12.9 | 2,126 | 1,923 | 10.6 |
New Brunswick | 1,185 | 1,199 | 1,104 | -1.2 | 7.3 | 4,517 | 4,418 | 2.2 |
Bankruptcies | 599 | 616 | 582 | -2.8 | 2.9 | 2,294 | 2,500 | -8.2 |
Proposals | 586 | 583 | 522 | 0.5 | 12.3 | 2,223 | 1,918 | 15.9 |
Quebec | 10,948 | 10,473 | 10,861 | 4.5 | 0.8 | 43,831 | 43,731 | 0.2 |
Bankruptcies | 5,650 | 5,523 | 5,874 | 2.3 | -3.8 | 22,767 | 24,210 | -6.0 |
Proposals | 5,298 | 4,950 | 4,987 | 7.0 | 6.2 | 21,064 | 19,521 | 7.9 |
Ontario | 10,229 | 9,622 | 9,480 | 6.3 | 7.9 | 39,793 | 39,045 | 1.9 |
Bankruptcies | 3,764 | 3,744 | 3,881 | 0.5 | -3.0 | 15,348 | 15,968 | -3.9 |
Proposals | 6,465 | 5,878 | 5,599 | 10.0 | 15.5 | 24,445 | 23,077 | 5.9 |
Manitoba | 794 | 685 | 713 | 15.9 | 11.4 | 2,852 | 2,643 | 7.9 |
Bankruptcies | 382 | 333 | 403 | 14.7 | -5.2 | 1,390 | 1,408 | -1.3 |
Proposals | 412 | 352 | 310 | 17.0 | 32.9 | 1,462 | 1,235 | 18.4 |
Saskatchewan | 901 | 927 | 818 | -2.8 | 10.1 | 3,498 | 3,258 | 7.4 |
Bankruptcies | 346 | 364 | 383 | -4.9 | -9.7 | 1,339 | 1,472 | -9.0 |
Proposals | 555 | 563 | 435 | -1.4 | 27.6 | 2,159 | 1,786 | 20.9 |
Alberta | 3,848 | 3,566 | 3,334 | 7.9 | 15.4 | 14,761 | 13,481 | 9.5 |
Bankruptcies | 1,279 | 1,238 | 1,238 | 3.3 | 3.3 | 5,087 | 5,139 | -1.0 |
Proposals | 2,569 | 2,328 | 2,096 | 10.4 | 22.6 | 9,674 | 8,342 | 16.0 |
British Columbia | 2,629 | 2,421 | 2,446 | 8.6 | 7.5 | 10,275 | 10,136 | 1.4 |
Bankruptcies | 966 | 992 | 958 | -2.6 | 0.8 | 4,147 | 4,263 | -2.7 |
Proposals | 1,663 | 1,429 | 1,488 | 16.4 | 11.8 | 6,128 | 5,873 | 4.3 |
Northwest Territories | 11 | 18 | 30 | -38.9 | -63.3 | 78 | 81 | -3.7 |
Bankruptcies | 8 | 10 | 21 | -20.0 | -61.9 | 42 | 52 | -19.2 |
Proposals | 3 | 8 | 9 | -62.5 | -66.7 | 36 | 29 | 24.1 |
Yukon | 12 | 4 | 13 | 200.0 | -7.7 | 35 | 37 | -5.4 |
Bankruptcies | 5 | 0 | 5 | n/a | 0.0 | 13 | 18 | -27.8 |
Proposals | 7 | 4 | 8 | 75.0 | -12.5 | 22 | 19 | 15.8 |
Nunavut | 0 | 1 | 4 | -100.0 | -100.0 | 3 | 4 | -25.0 |
Bankruptcies | 0 | 0 | 2 | n/a | -100.0 | 0 | 2 | -100.0 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 3 | 2 | 50.0 |
Canada | 32,846 | 31,139 | 30,962 | 5.5 | 6.1 | 128,846 | 125,807 | 2.4 |
Bankruptcies | 14,297 | 14,158 | 14,646 | 1.0 | -2.4 | 57,768 | 60,669 | -4.8 |
Proposals | 18,549 | 16,981 | 16,316 | 9.2 | 13.7 | 71,078 | 65,138 | 9.1 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2018 | Q3 2018 | Q4 2017 | Q3 2018 to Q4 2018 | Q4 2017 to Q4 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Newfoundland and Labrador | 697 | 672 | 648 | 3.7 | 7.6 | 2,802 | 2,479 | 13.0 |
Bankruptcies | 336 | 353 | 351 | -4.8 | -4.3 | 1,376 | 1,367 | 0.7 |
Proposals | 361 | 319 | 297 | 13.2 | 21.5 | 1,426 | 1,112 | 28.2 |
Prince Edward Island | 189 | 163 | 169 | 16.0 | 11.8 | 731 | 673 | 8.6 |
Bankruptcies | 103 | 92 | 90 | 12.0 | 14.4 | 426 | 387 | 10.1 |
Proposals | 86 | 71 | 79 | 21.1 | 8.9 | 305 | 286 | 6.6 |
Nova Scotia | 1,385 | 1,363 | 1,322 | 1.6 | 4.8 | 5,595 | 5,724 | -2.3 |
Bankruptcies | 845 | 877 | 845 | -3.6 | 0.0 | 3,483 | 3,807 | -8.5 |
Proposals | 540 | 486 | 477 | 11.1 | 13.2 | 2,112 | 1,917 | 10.2 |
New Brunswick | 1,176 | 1,191 | 1,084 | -1.3 | 8.5 | 4,480 | 4,361 | 2.7 |
Bankruptcies | 592 | 611 | 571 | -3.1 | 3.7 | 2,262 | 2,457 | -7.9 |
Proposals | 584 | 580 | 513 | 0.7 | 13.8 | 2,218 | 1,904 | 16.5 |
Quebec | 10,399 | 9,998 | 10,330 | 4.0 | 0.7 | 41,736 | 41,670 | 0.2 |
Bankruptcies | 5,226 | 5,163 | 5,473 | 1.2 | -4.5 | 21,188 | 22,647 | -6.4 |
Proposals | 5,173 | 4,835 | 4,857 | 7.0 | 6.5 | 20,548 | 19,023 | 8.0 |
Ontario | 9,976 | 9,407 | 9,251 | 6.0 | 7.8 | 38,856 | 38,167 | 1.8 |
Bankruptcies | 3,587 | 3,590 | 3,721 | -0.1 | -3.6 | 14,660 | 15,336 | -4.4 |
Proposals | 6,389 | 5,817 | 5,530 | 9.8 | 15.5 | 24,196 | 22,831 | 6.0 |
Manitoba | 789 | 676 | 703 | 16.7 | 12.2 | 2,824 | 2,604 | 8.4 |
Bankruptcies | 377 | 325 | 395 | 16.0 | -4.6 | 1,364 | 1,375 | -0.8 |
Proposals | 412 | 351 | 308 | 17.4 | 33.8 | 1,460 | 1,229 | 18.8 |
Saskatchewan | 873 | 906 | 775 | -3.6 | 12.6 | 3,399 | 3,122 | 8.9 |
Bankruptcies | 328 | 354 | 347 | -7.3 | -5.5 | 1,280 | 1,368 | -6.4 |
Proposals | 545 | 552 | 428 | -1.3 | 27.3 | 2,119 | 1,754 | 20.8 |
Alberta | 3,792 | 3,514 | 3,282 | 7.9 | 15.5 | 14,555 | 13,286 | 9.6 |
Bankruptcies | 1,229 | 1,198 | 1,203 | 2.6 | 2.2 | 4,925 | 5,008 | -1.7 |
Proposals | 2,563 | 2,316 | 2,079 | 10.7 | 23.3 | 9,630 | 8,278 | 16.3 |
British Columbia | 2,601 | 2,400 | 2,414 | 8.4 | 7.7 | 10,172 | 9,991 | 1.8 |
Bankruptcies | 949 | 976 | 938 | -2.8 | 1.2 | 4,072 | 4,146 | -1.8 |
Proposals | 1,652 | 1,424 | 1,476 | 16.0 | 11.9 | 6,100 | 5,845 | 4.4 |
Northwest Territories | 11 | 18 | 30 | -38.9 | -63.3 | 78 | 80 | -2.5 |
Bankruptcies | 8 | 10 | 21 | -20.0 | -61.9 | 42 | 51 | -17.6 |
Proposals | 3 | 8 | 9 | -62.5 | -66.7 | 36 | 29 | 24.1 |
Yukon | 12 | 4 | 13 | 200.0 | -7.7 | 35 | 37 | -5.4 |
Bankruptcies | 5 | 0 | 5 | n/a | 0.0 | 13 | 18 | -27.8 |
Proposals | 7 | 4 | 8 | 75.0 | -12.5 | 22 | 19 | 15.8 |
Nunavut | 0 | 1 | 4 | -100.0 | -100.0 | 3 | 4 | -25.0 |
Bankruptcies | 0 | 0 | 2 | n/a | -100.0 | 0 | 2 | -100.0 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 3 | 2 | 50.0 |
Canada | 31,900 | 30,313 | 30,025 | 5.2 | 6.2 | 125,266 | 122,198 | 2.5 |
Bankruptcies | 13,585 | 13,549 | 13,962 | 0.3 | -2.7 | 55,091 | 57,969 | -5.0 |
Proposals | 18,315 | 16,764 | 16,063 | 9.3 | 14.0 | 70,175 | 64,229 | 9.3 |
Province | Volume | % Change | 12-Month Period Ending | |||||
---|---|---|---|---|---|---|---|---|
Q4 2018 | Q3 2018 | Q4 2017 | Q3 2018 to Q4 2018 | Q4 2017 to Q4 2018 | 12-31-2018 | 12-31-2017 | % Change | |
Newfoundland and Labrador | 10 | 7 | 10 | 42.9 | 0.0 | 24 | 36 | -33.3 |
Bankruptcies | 7 | 6 | 5 | 16.7 | 40.0 | 20 | 23 | -13.0 |
Proposals | 3 | 1 | 5 | 200.0 | -40.0 | 4 | 13 | -69.2 |
Prince Edward Island | 0 | 2 | 0 | -100.0 | n/a | 4 | 12 | -66.7 |
Bankruptcies | 0 | 1 | 0 | -100.0 | n/a | 3 | 10 | -70.0 |
Proposals | 0 | 1 | 0 | -100.0 | n/a | 1 | 2 | -50.0 |
Nova Scotia | 8 | 16 | 10 | -50.0 | -20.0 | 47 | 49 | -4.1 |
Bankruptcies | 7 | 9 | 8 | -22.2 | -12.5 | 33 | 43 | -23.3 |
Proposals | 1 | 7 | 2 | -85.7 | -50.0 | 14 | 6 | 133.3 |
New Brunswick | 9 | 8 | 20 | 12.5 | -55.0 | 37 | 57 | -35.1 |
Bankruptcies | 7 | 5 | 11 | 40.0 | -36.4 | 32 | 43 | -25.6 |
Proposals | 2 | 3 | 9 | -33.3 | -77.8 | 5 | 14 | -64.3 |
Quebec | 549 | 475 | 531 | 15.6 | 3.4 | 2,095 | 2,061 | 1.6 |
Bankruptcies | 424 | 360 | 401 | 17.8 | 5.7 | 1,579 | 1,563 | 1.0 |
Proposals | 125 | 115 | 130 | 8.7 | -3.8 | 516 | 498 | 3.6 |
Ontario | 253 | 215 | 229 | 17.7 | 10.5 | 937 | 878 | 6.7 |
Bankruptcies | 177 | 154 | 160 | 14.9 | 10.6 | 688 | 632 | 8.9 |
Proposals | 76 | 61 | 69 | 24.6 | 10.1 | 249 | 246 | 1.2 |
Manitoba | 5 | 9 | 10 | -44.4 | -50.0 | 28 | 39 | -28.2 |
Bankruptcies | 5 | 8 | 8 | -37.5 | -37.5 | 26 | 33 | -21.2 |
Proposals | 0 | 1 | 2 | -100.0 | -100.0 | 2 | 6 | -66.7 |
Saskatchewan | 28 | 21 | 43 | 33.3 | -34.9 | 99 | 136 | -27.2 |
Bankruptcies | 18 | 10 | 36 | 80.0 | -50.0 | 59 | 104 | -43.3 |
Proposals | 10 | 11 | 7 | -9.1 | 42.9 | 40 | 32 | 25.0 |
Alberta | 56 | 52 | 52 | 7.7 | 7.7 | 206 | 195 | 5.6 |
Bankruptcies | 50 | 40 | 35 | 25.0 | 42.9 | 162 | 131 | 23.7 |
Proposals | 6 | 12 | 17 | -50.0 | -64.7 | 44 | 64 | -31.3 |
British Columbia | 28 | 21 | 32 | 33.3 | -12.5 | 103 | 145 | -29.0 |
Bankruptcies | 17 | 16 | 20 | 6.3 | -15.0 | 75 | 117 | -35.9 |
Proposals | 11 | 5 | 12 | 120.0 | -8.3 | 28 | 28 | 0.0 |
Northwest Territories | 0 | 0 | 0 | n/a | n/a | 0 | 1 | -100.0 |
Bankruptcies | 0 | 0 | 0 | n/a | n/a | 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 | 946 | 826 | 937 | 14.5 | 1.0 | 3,580 | 3,609 | -0.8 |
Bankruptcies | 712 | 609 | 684 | 16.9 | 4.1 | 2,677 | 2,700 | -0.9 |
Proposals | 234 | 217 | 253 | 7.8 | -7.5 | 903 | 909 | -0.7 |