RSA teams up with Nova Scotia government for expansion

The Nova Scotia government has inked a deal with RSA Canada that will provide the insurer with up to a $2.7-million payroll rebate.
The company and the province, through Nova Scotia Business Inc. (NSBI), have signed a six-year payroll rebate of up to $2.7 million. The rebate is paid annually based on performance targets, a NSBI release says.
A payroll rebate is a return, usually between 5% and 10%, on a company’s gross payroll taxes.
NSBI is Nova Scotia’s private-sector-led business development agency.
The investment will allow the company to create up to 160 new jobs over the term of the agreement, adding positions as necessary to meet business needs.
A study commissioned by NSBI and Greater Halifax Partnership, based on research done by the Conference Board of Canada and Jupia Consultants, found the insurance sector has a direct economic impact of $460 million each year in Nova Scotia.
“RSA’s growth is great news for the company and for Nova Scotia’s economy,” said Percy Paris, minister of economic and rural development.
“World-class employers like RSA are creating exciting new career opportunities for educated and skilled people in our province.”