Payroll Rebate
“Nova Scotia. Nova Scotia Business Inc. (NSBI)”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
Payroll rebates are incentives used to attract new international businesses to Nova Scotia and to help Nova Scotia companies looking to expand. A payroll rebate is an earned incentive, paid out yearly after a company achieves pre-determined hiring targets.
- A payroll rebate is an earned incentive, paid out yearly after a company achieves pre-determined hiring 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, NSBI rebates back a percentage.
- The payroll rebate agreement includes performance targets that a company must achieve in order to receive the rebate, including: Number of new positions created and Average annual salary.
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