Atlantic Canada Business Grants

Payroll Rebate

Amount:

No Fixed Amount

Type of Program:

Tax Refund

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.

Program Contact:

Payroll Rebate | Nova Scotia Business Inc

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