Benefits and Grants for Hiring Student Interns
Your business can receive government grants for hiring post-secondary students for internship placements.
Hiring Co-ops? Ontario’s Co-operative Education Tax Credit is a Must
Ontario businesses can leverage the Co-operative Education Tax Credit (CETC) to reduce the cost of hiring co-op students.
Ontario Co-operative Education Tax Credit: Wage Subsidies for Business
During the spring and summer months each year, businesses across Ontario aggressively pursue government funding programs to hire students and post-secondary graduates. Among their many options, which include wage subsidies such as government grants and tax credits, businesses can strategically reduce their labour costs while also developing youth talent. The Ontario Co-operative Education Tax Credit…
How to receive $3K in Tax Credits for Hiring a Co-op Student
Co-operative education options at Canadian colleges and universities are on the rise; this is good news for both students and employers. Many Canadian post-secondary institutions have a wide range of co-op programs that support a variety of industries. In fact, the University of Waterloo offers the world’s largest co-op program, growing over 58% in the…
Access Ontario Co-operative Education Tax Credit
The Ontario Ministry of Revenue offers a tax credit to businesses that hire post-secondary graduates to internships of 10 weeks or more. The exact amount of the tax credit varies depending on the salaries and wages paid to each co-operative education student work placement, with corporations able to claim 25 percent of eligible expenditures (30%…
Guelph Food Technology Centre (GFTC) Legacy Fund for Co-op Students
The University of Guelph has supported thousands of co-op students through relevant work employment around the world. While employers have historically had access to the Ontario Co-operative Education Tax Credit as their primary source of funding support for hiring these co-op students on work terms, companies in the agricultural sector, such as food processors, now…
Canadian Tax Credits for Hiring New Employees
The new Federal Government budget has incorporated a number of shifts in funding for small business, with a particular focus on research and development, industry-academic collaboration, and hiring incentives. These hiring incentives include small business tax incentives for Canadian SMEs to hire new employees without experiencing an increase to their EI costs. The program is…