N.B. IT company approved for payroll rebate in N.S.

A New Brunswick-based information technology and cybersecurity firm has been approved for a payroll rebate.

Nova Scotia Business Inc. (NSBI) says Bulletproof Solutions ULC has the potential to create up to 60 jobs with the launch of its Secure Cloud Practice in Halifax.

The company can earn a maximum payroll rebate of $871,500 over five years, with NSBI noting the rebate would be smaller if fewer than 60 jobs are created.

The amount is based on NSBI estimates that Bulletproof could spend $12 million in salaries, and new employees could contribute provincial tax revenues of $1,446,000.