Invest Nova Scotia — Payroll Rebate

Who is eligible?

Who is not eligible

Certain types of companies and industries may not be eligible for the payroll rebate offered by Invest Nova Scotia. Restrictions are primarily based on the company's industry and its growth potential.

• Industries outside the targeted sectors: financial services and insurance, information technology, and defence, security, and aerospace.
• Companies with a low probability of sustainable growth.
• Companies without profitable operations or a strong management team.
• Businesses unable or unwilling to create at least 20 full-time positions in Nova Scotia.

Eligible expenses

Companies eligible for the payroll rebate must undertake activities that contribute to the creation of new jobs and sustainable growth within Nova Scotia's targeted sectors. The focus is on high-impact, knowledge-based initiatives in financial services, information technology, and defence industries.

• Creation of new full-time employment positions in Nova Scotia.
• Engagement in sectors with a high growth potential such as financial services and insurance.
• Development of operations within the information technology sector.
• Investment in projects related to defence, security, and aerospace.

Eligible geographic areas

This grant is specifically designed for companies situated in a particular geographic area as the funding body, Invest Nova Scotia, supports businesses located in Nova Scotia.

• Businesses located within Nova Scotia, Canada.

Here are additional relevant details for this grant:

• The payroll rebate is a negotiated percentage based on the company's eligible gross payroll.
• The incentive is disbursed annually over a set period, typically between three to five years.
• Rebates are contingent on meeting specific performance targets outlined in the agreement.