Insurance technology company approved for payroll rebate by NSBI

An insurance technology company has been approved for a payroll rebate through Nova Scotia Business Inc. (NSBI).

REIN Technologies Inc., which is establishing a new office in Halifax, can receive a rebate up to $1,017,016 over five years as NSBI says the company has the potential to create up to a maximum of 65 jobs.

The province says the new employees would contribute provincial tax revenues of $1,568,000 through their income and consumption taxes.

REIN would be eligible for a smaller rebate if it creates fewer than 65 new jobs.