Payroll rebate approved for MUFG Fund Services

Nova Scotia Business Inc. has approved a business development incentive in the form of a payroll rebate for MUFG Fund Services (Halifax) Limited, a contracting entity of MUFG Investor Services. MUFG Investor Services is a core business for Mitsubishi UFJ Financial Group.

MUFG Investor Services has the potential to create up to a maximum of 100 jobs in its expansion of business operations in Halifax. Based on the maximum growth forecast of the five-year payroll rebate agreement, NSBI estimates that MUFG could spend $22 million in salaries.