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Payroll Rebate

by Maurice | February 6, 2023

Amount:

No Fixed Amount

Type of Program:

Rebate


Description:

The Payroll rebate is a performance-based, financial incentive offered to qualified companies expanding or locating in Nova Scotia. The Payroll Rebate offers a return on a company’s eligible gross payroll, helping to save on eligible payroll expenses. This means that for every dollar a company spends in salaries and benefits, NSBI rebates back a negotiated percentage. 

Comments on Funding:

Funding is a negotiated percentage of the amount the applicant spends in salaries and benefits.


When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be a company in knowledge-based industries that have a high probability of sustainable growth,
  • be working in one of the three targeted sectors: financial services and insurance, information technology, and defense, security, and aerospace,
  • be profitable,
  • have a strong management team and a proven track record for success,
  • also agree to create at least 20 full-time positions in Nova Scotia, in most cases.

Application Steps:

No specific steps have been identified.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Payroll Rebate | Nova Scotia Business Inc

Related posts:

Nova Scotia Small Business: Complete Guide for Entrepreneurs
How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs
Incorporating a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs
How to Register a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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