Payroll rebate approved for cyber security company in Halifax

A global cyber security company has been approved for a payroll rebate to add up to 150 jobs in Halifax.

Nova Scotia Business Inc. (NSBI) says BeyondTrust could earn a rebate up to $3,120,563 over five years.

The company would receive a smaller rebate if fewer than 150 jobs are created.

NSBI says the maximum growth forecast over five years estimates new employees would contribute $4,842,000 through their provincial income and consumption taxes.

The company had been approved for a payroll rebate in April 2014 to create up to 100 jobs, which was amended to a maximum of 160 in February 2017.