Government Grant
Payroll Rebate
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.
- 4.5/5.0
- Nova Scotia. Nova Scotia Business Inc. (NSBI)
- All levels
- Last updated 3 years ago
- English
Description
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.