The Federal Government over sees exception legislation for bankruptcies in Canada through the Bankruptcy and Insolvencies Act (web page), with Provinces and Territories adding addition exemptions which are listed below. Please not that this information is subject to change based on inflation and will be updated accordingly. Is advisable that if you are considering bankruptcy to speak with a licensed Trustee. Never hire a Trustee that is not licensed. 

Federal Exemptions to Bankruptcy not regulated by the Provinces.

  • Property and funds held in legal Trust for another person. ie: elderly and disabled persons who are unable to handle their own finances.
  • Government credits essential to your family needs. ie: GST, disability payments.

Exemptions by Province / Territory

Alberta
  • Essential food for 12 months.
  • Clothing up to $4,000 in value.
  • Health and disability aids: no limit.
  • Tools essential for employment up to $10,000 in value
  • Agricultural land up to 160 acres for farmers.
  • Social, disability or pension payments*
  • Farming property and equipment required for 12 months.
  • Principal residence equity up to $40,000. If you are co-owner, this amount will be reduced.
  • Household furniture and appliances: up to $4,000 in value.
  • One motor vehicle up to $5,000 value

 

*Alberta Provincial Exemptions are regulated through the Civil Enforcement Act.

British Columbia - BC
  • No food or fuel.
  • No agricultural land.
  • No limit for clothing.
  • One motor vehicle up to $5,000 in value, up to $2000 in value if child support arrears.
  • Household goods up to $4,000 in value.
  • Health and disability aids: no limit.
  • Principal residence equity up to $9,000. $12,000 in Greater Vancouver and Victoria
  • Tools essential for employment up to $10,000 in value.

British Columbia Provincial Exemptions are regulated through the  Court Order Enforcement Act and Court Order Enforcement and Exception Regulation.

Manitoba
  • Six months fuel and food.
  • No limit of clothing.
  • Household furniture up to $4,500 in value.
  • One motor vehicle up to $3,000. No limit for farmers.
  • Health and disability aids: no limit.
  • Locked-in pension plans.
  • Some life insurance policies.
  • Municipal and school property.
  • Tools essential for employment up to $7,000 in value.
  • Farm property: buildings and requirements for 12 months operations.
  • Principal residence equity up to $2,500. $1,500 if you are a co-owner.
  • Agricultural land up to 160 acres.
  • Items needed for religious services.

Manitoba Provincial Exemptions are regulated through the  Executions Act and the Judgments Act.

New Brunswick
  • Three months food and fuel.
  • No limit on clothing.
  • One motor vehicle up to $6,500 in value.
  • Household furniture up $5,000 in value.
  • Health and disability aids: no limit.
  • Items needed for religious services.
  • Pension plans.
  • Tools essential for employment up to $6,500 in value.
  • No principal residence equity.

New Brunswick Provincial Exemptions are regulated through the  Memorials and Executions Act and the Personal Property Security Act.

Newfoundland / Labrador
  • One year of food and fuel.
  • Clothing  up to $4,000 in value.
  • Household furniture up to $4,000 in value.
  • Tools essential for employment up to $10,00 in value.
  • Principal residence  equity up to $10,000 in value.
  • Items of sentimental value  up to $500 in value.
  • Some pension plans.
  • One motor vehicle up to $2,000 in value.
  • Health and disability aids: No limit.
  • Farming, fishing or aquaculture equity up to $10,000 in value.

Newfoundland / Labrador Provincial Exemptions are regulated through the  Judgment Enforcement Act and Regulations and the Personal Property Security Act.

Nova Scotia
  • No limit of food or fuel.
  • No limit on clothing..
  • Household goods up to $6,500 in value.
  • One motor vehicle up to $3,000 in value. $6,500 if required for employment.
  • No limit on principle residence equity.
  • Tools required for employment up to $1,000.
  • No limit on seeds and livestock.
  • Health and disability aids: no limit.

Nova Scotia Provincial Exemptions are regulated through the Judicature Act and Regulations and the Personal Property Security Act

Northwest Territories
  • Up to one year food and fuel.*
  • No limit on clothing.*
  • Household furniture up to $200.*
  • No health aids.
  • Tools and animals of your trade, including one motor vehicle up to $600.*
  • Principal residence equity up to $3,000.*
  • RRSPs associated with insurance policy. *

*  Child and spouse arrears removes exemption.

The Northwest Territories are regulated through the  Court Order Enforcement Act and Court Order Enforcement and Exception RegulationNWT Exemptions Act.

Nunavut
  • Up to one year food and fuel.*
  • No limit on clothing.*
  • Household furniture up to $200.*
  • No health aids.
  • Tools and animals of your trade, including one motor vehicle up to $600.*
  • Principal residence equity up to $3,000.*
  • RRSPs associated with insurance policy. *

*  Child and spouse arrears removes exemption.

Nunavut exemptions are regulated through the  Court Order Enforcement Act and Court Order Enforcement and Exception RegulationNunavut amendments to Exemptions Act.

Ontario
  • Clothing up to $5,650 in value.
  • Food, fuel and household furniture up to $11,300 in value.
  • One motor vehicle required for employment up to $5,650 in value.
  • No limit on health or disability aids.
  • Most pension and life insurance plans.
  • Most RRSP’s.
  • Tools essential for employment up to $11,300 in value.
  • Various farming property up to $28,300.
  • No principal residence equity.

Ontario exemptions are regulated through the  Executions Act.

Prince Edward Island - PEI
  • Food, fuel, household furniture up to $2,000 in value.*
  • No clothing limit.*
  • No RRSPs limit with beneficiary that’s a family member.*
  • One motor vehicle required for employment up to $6,500.*
  • Health aids: no limit.*
  • Farm seed for up to 100 acres, property up to $5,000 in value.*
  • No principal residence equity.*
  • Tools essential for employment up to $2,000 in value

*  Child and spouse arrears remove exemption.

Nunavut exemptions are regulated through the Judgment and Execution Act and the Personal Property Security Act.

Quebec
  • No limit on food or fuel.
  • No limit on clothing.
  • Household furniture up to $6,000 in value.
  • No limit on motor vehicle.
  • No limit on agricultural/farm property.
  • Most property declared exempt by a donor or will.
  • Principal residence equity up to $10,000 in value.
  • Family papers and portraits, medals and other decorations, and documents.
  • Items used for religious services.
  • Health, disability aids and accident benefits: no limit.
  • No limit on tools essential for employment.
  • Income for services as a minister of religion.
  • Food, lodging, and transportation for employment travel.
  • Income support received through court order, inheritance or donation.
  • A portion of your income based on number of dependents.
  • Benefits payable and employer contributions under a employer pension plan.

Quebec Provincial exemptions are regulated through the Code of Civil Procedure.

Saskatchewan
  • Food and fuel required until the next harvest.
  • No clothing limit.
  • No health aids.
  • Household furniture and appliances: up to $4,500 (or $10,000 for a farm).
  • No limit of motor vehicle for employment.
  • Tools essential for employment up to $4,500 in value.
  • All retirement savings plans.
  • Some life insurance policies.
  • Farming livestock and equipment for up to 12 months, two bushels of seed per acre of land under cultivation, and enough cash or current crop for farming costs for next harvest.
  • Principal residence equity up to $32,000 and associated land up to 160 acres.

Nova Scotia Provincial Exemptions are regulated through the Exemptions Act and the Saskatchewan Farm Security Act.

Yukon
  • Up to one year food and fuel.*
  • No limit on clothing.*
  • Household furniture up to $200.*
  • No health aids.
  • Tools and animals of your trade, including one motor vehicle up to $600.*
  • Principal residence equity up to $3,000.*
  • RRSPs associated with insurance policy. *

*  Child and spouse arrears removes exemption.

The Yukon is regulated through the  Court Order Enforcement Act and Court Order Enforcement and Exception Regulation. Yukon Exemptions Act.