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N.S. gives payroll rebates to Ernst and Young for new ‘centre of excellence’

Nova Scotia Premier Stephen McNeil talks with reporters at the legislature in Halifax on Wednesday, May 31, 2017. Andrew Vaughan/The Canadian Press

The Nova Scotia government has awarded payroll rebates to Ernst and Young as the professional services firm establishes its first Canadian-based Global Centre of Excellence for Robotic Process Automation Service in Halifax.

Nova Scotia Business Inc.’s payroll rebate, valued at more than $2.4-million over five years, is contingent on the firm creating 150 jobs in Halifax.

READ MORE: Just 1 in 3 targeted jobs materialize through NS payroll subsidies

Ernst and Young Canada would be eligible for a smaller rebate if it creates fewer than 150 new jobs.

Nova Scotia Business Inc., a Crown-owned business development agency, didn’t specify what the new centre would do, and Ernst and Young did not immediately return a request for comment Tuesday.

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The agency says it always gets more in tax revenue than it gives in payroll rebates for new jobs, and rebates are only paid after a business has generated “actual payroll.”

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It says that under the maximum growth forecast, the company would spend $34,650,000 in salaries over five years.

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