Payroll Rebate

Overview of the Payroll Rebate program:

A payroll rebate is an earned incentive, paid out yearly after a company achieves pre-determined targets. The rebate is a return on a company’s eligible gross payroll. It is issued over a set number of years – usually between three and five – and to a set amount. This means that for every dollar a company spends in salaries and benefits, Invest Nova Scotia rebates back a negotiated percentage.

Benefits of the Payroll Rebate program:

• For every dollar a company spends in salaries and benefits, Invest Nova Scotia rebates back a negotiated percentage.

Eligibility criteria of the Payroll Rebate program:

• Invest Nova Scotia supports companies in knowledge-based industries that have a high probability of sustainable growth. We focus our efforts in three targeted sectors: financial services and insurance, information technology, and defence, security, and aerospace.
• We invest in companies that are profitable, with a strong management team and a proven track record for success. In most cases, companies must also agree to create at least 20 full-time positions in Nova Scotia.