Insolvency Stats in Canada
Below is the Office of the Superintendent of Bankruptcy Canada’s latest data on insolvency statistics in Canada, which is also sorted by provinces. Some provinces were hit harder than others with an increase in insolvency rates.
In Canada, overall insolvency rates are up. With a 3% increase from 2014 to 2015. Total number of Bankruptcies in Canada for 2014 was 64,839, while in 2015 was 63,406 for an actual decrease in overall bankruptcies by 2.2%. For Proposals, in 2014 there were 53,211 and in 2015 was 58,203 for an overall increase by 9.4% in consumer proposals. From 2014 to 2015, there was an increase in proposals for Ontarians.
| Province | Volume | 2015 | |||
| 2015 | 2014 | % Change | Assets Declared at the Time of Filing ($) | Liabilities Declared at the Time of Filing ($) | |
| Newfoundland and Labrador | 1,822 | 1,545 | 17.9 | 156,098,820 | 220,801,462 |
| Bankruptcies | 1,498 | 1,348 | 11.1 | 102,114,221 | 163,025,907 |
| Proposals | 324 | 197 | 64.5 | 53,984,599 | 57,775,555 |
| Prince Edward Island | 806 | 721 | 11.8 | 53,314,386 | 87,661,924 |
| Bankruptcies | 519 | 502 | 3.4 | 29,262,408 | 56,637,083 |
| Proposals | 287 | 219 | 31.1 | 24,051,978 | 31,024,841 |
| Nova Scotia | 5,232 | 5,227 | 0.1 | 443,250,633 | 578,361,245 |
| Bankruptcies | 3,648 | 3,726 | -2.1 | 244,020,410 | 378,551,282 |
| Proposals | 1,584 | 1,501 | 5.5 | 199,230,223 | 199,809,963 |
| New Brunswick | 4,331 | 4,308 | 0.5 | 364,559,367 | 533,871,031 |
| Bankruptcies | 2,814 | 3,021 | -6.9 | 175,843,216 | 316,441,228 |
| Proposals | 1,517 | 1,287 | 17.9 | 188,716,151 | 217,429,803 |
| Quebec | 43,705 | 41,554 | 5.2 | 3,340,368,146 | 4,317,805,874 |
| Bankruptcies | 24,539 | 24,447 | 0.4 | 1,131,601,417 | 2,170,055,264 |
| Proposals | 19,166 | 17,107 | 12 | 2,208,766,729 | 2,147,750,610 |
| Ontario | 39,935 | 41,108 | -2.9 | 3,110,946,128 | 4,406,774,939 |
| Bankruptcies | 17,958 | 19,234 | -6.6 | 801,153,818 | 1,965,130,795 |
| Proposals | 21,977 | 21,874 | 0.5 | 2,309,792,310 | 2,441,644,144 |
| Manitoba | 2,098 | 1,891 | 10.9 | 214,847,634 | 294,297,181 |
| Bankruptcies | 1,264 | 1,200 | 5.3 | 95,582,091 | 178,927,066 |
| Proposals | 834 | 691 | 20.7 | 119,265,543 | 115,370,115 |
| Saskatchewan | 2,198 | 1,938 | 13.4 | 329,983,601 | 357,094,975 |
| Bankruptcies | 1,155 | 1,105 | 4.5 | 121,924,854 | 173,908,444 |
| Proposals | 1,043 | 833 | 25.2 | 208,058,747 | 183,186,531 |
| Alberta | 9,810 | 8,281 | 18.5 | 1,324,889,692 | 1,707,944,001 |
| Bankruptcies | 4,280 | 3,859 | 10.9 | 433,861,199 | 802,185,572 |
| Proposals | 5,530 | 4,422 | 25.1 | 891,028,493 | 905,758,429 |
| British Columbia | 11,580 | 11,383 | 1.7 | 1,123,751,469 | 1,601,413,643 |
| Bankruptcies | 5,683 | 6,345 | -10.4 | 388,511,780 | 814,669,138 |
| Proposals | 5,897 | 5,038 | 17.1 | 735,239,689 | 786,744,505 |
| Northwest Territories | 52 | 49 | 6.1 | 5,523,615 | 7,994,766 |
| Bankruptcies | 28 | 26 | 7.7 | 2,377,970 | 4,562,289 |
| Proposals | 24 | 23 | 4.3 | 3,145,645 | 3,432,477 |
| Yukon | 35 | 39 | -10.3 | 6,917,885 | 11,566,723 |
| Bankruptcies | 18 | 22 | -18.2 | 2,126,896 | 6,890,453 |
| Proposals | 17 | 17 | 0 | 4,790,989 | 4,676,270 |
| Nunavut | 5 | 6 | -16.7 | 37,703 | 292,193 |
| Bankruptcies | 2 | 4 | -50 | 16,300 | 174,789 |
| Proposals | 3 | 2 | 50 | 21,403 | 117,404 |
| Canada | 121,609 | 118,050 | 3 | 10,474,489,079 | 14,125,879,957 |
| Bankruptcies | 63,406 | 64,839 | -2.2 | 3,528,396,580 | 7,031,159,310 |
| Proposals | 58,203 | 53,211 | 9.4 | 6,946,092,499 | 7,094,720,647 |
