Funding Resources for Co-op Employers

NEW: Student Work-Integrated Learning Program (SWILP)

Employers from organizations in biotechnology, information and communications technology, aviation, aerospace and environmental sectors may be eligible for wage subsidies of $5,000 - $7,000 per student from September 2017 onwards.

More information on SWILP »

Co-operative Education Tax Credit (CETC)

The Co-operative Education Tax Credit (CETC) is a refundable tax credit for Ontario-based co-op employers. Corporations can claim 25% of eligible expenditures (30% for small businesses), for up to a maximum credit of $3,000 per co-op term.

Most co-op terms range from a minimum period of 10 weeks up to a maximum of four months. Eligible corporations can claim the tax credit on schedule T2SCH550 of their T2 Corporation Income Tax Return.

 
 

National Sciences and Engineering Research Council of Canada (NSERC) Experience Award

The NSERC Experience Award offers companies access to talented natural sciences and engineering undergraduate students for a work term. This cost-shared program allows students to address company-specific Research and Development challenges while gaining valuable industrial experience. Experience Awards also let companies identify potential future full-time employees.

Private sector employers engaged in Research and Development are required to supplement the award by at least 25% or $1125 to hire an undergraduate science or engineering student for a 16 week placement. Applications must be received by NSERC at least four weeks before the scheduled start of the work term.

More from the NSERC website  »

 
 

Canada Summer Jobs

Canada Summer Jobs provides not-for-profit employers a wage subsidy of up to 100% and public sector employers and small businesses with 50 or fewer employees with 50% of the provincial/territorial adult minimum wage to hire students for the summer.

The deadline to apply is typically in late February with funding results known in May.

 
 

Young Canada Works in Heritage Organizations

Young Canada Works in Heritage Organizations is a summer job program that allows eligible employers to benefit from wage subsidies and access to a pool of talented youth with innovative ideas and competitive skills.

Positions last up to 16 weeks and students must work 30 to 40 hours per week. Employers may be eligible for funding if they are:
  • non-profit organizations with a heritage mandate (museums, archives, library, etc.);
  • educational or cultural institution with distinct objectives related to heritage; 
  • Aboriginal governing bodies and organizations;
  • a professional heritage service organization; and
  • stable and financially healthy.

The program may contribute up to 75% of the student’s employment costs to a maximum of $8,000/job and $50,000/employer. The application deadline for summer work terms is typically due in early February.

More from the Government of Canada’s website »

 

Young Canada Works in Both Official Languages

Young Canada Works in Both Official Languages is a summer job program that allows eligible employers to benefit from wage subsidies and access to a pool of talented youth with innovative ideas and competitive skills.

Positions last up to 16 weeks and students must work 30 to 40 hours per week. Employers may be eligible for funding if they are:
  • an incorporated private, public, non-profit organization, or a municipality;
  • involved in national, provincial, territorial, municipal or community activities; 
  • willing to hire young people from other regions of Canada; 
  • conducting activities in both official languages; and 
  • stable and financially healthy.

The program may contribute up to 50% of the student's employment costs for private and public sector organizations and up to 70% of the student's employment costs for non-profit organizations. The application deadline for summer work terms is typically due in mid-February.

More from the Government of Canada’s website » 

 

Ontario Innovation Tax Credit (OITC)

Ontario Innovation Tax Credit (OITC) provides a refundable tax credit for Ontario corporations working in scientific research and experimental development areas. Qualifying corporations can claim 8% (for taxation years that begin after May 31, 2016), up to a maximum of $300,000 per year.

More from the Government of Ontario website »

 

Scientific Research and Experimental Development Program 

The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program designed to encourage Canadian businesses to conduct research and development in Canada.

Eligible companies may deduct SR&ED expenditures from their income for tax purposes and receive a SR&ED investment tax credit. A Canadian-controlled private corporation (CCPC) can earn a refundable ITC of 35% on qualified expenditures, up to a maximum of $3 million.

More from the Government of Canada's website »

 

Youth-Green (Youth Employment Program - Green)

Open to "green" companies with fewer than 500 employees. To be "green", companies must align with the green economy or be hiring for a youth internship role which will produce an environmental benefit. The internship must last from three to six months. The Program will cost-share a portion of the salary costs of a youth candidate.

The firm is responsible for other expenses such as benefits and overhead costs. Proposals are accepted at any time and are processed quickly. 

More from the Youth Employment Programs website »

 

Green Jobs Science and Technology Internship Program (STIP) 

Green Jobs STIP is funded by Natural Resource Canada (NRCan). Green Jobs STIP provides wage subsidies for hiring organizations in the natural resource sectors to host eligible interns for 6-12 month internships.

Eligible employers will be provided with salary support of up to 80% of an intern’s salary, to a maximum of $10,000. The application deadline to submit a proposal is typically in mid-April. .

More from the Government of Canada's website »

 

The SmartStart Seed Fund

The Ontario Centres of Excellence SmartStart Seed Fund is open to young entrepreneurs in Ontario aged 18-29 and entrepreneurs aged 30+ engaged with technology or innovation-based start-ups. The Fund provides seed funding of up to $60,000 for youth streams.

Applications must be initiated at least seven days prior to the submission deadline which is in early to mid-May. .

More from the OCE website »

 

Export Market Access: A Global Expansion Program

Export Market Access (EMA) is designed to help SMEs located in Ontario increase their access to global markets. Companies at least two years old with 5 to 500 employees and minimum annual sales totaling $500,000 may qualify for grant coverage of up to 50% of eligible expenditures.

Applications should be submitted at least 6 weeks prior to a project start date.

More from the Government of Ontario's website  »

 

Northern Ontario Heritage Fund Corporation (NOHFC)

The Northern Ontario Heritage Fund Corporation (NOHFC) provides program funding for existing and growing sectors in Northern Ontario. There are twelve different programs, each with unique funding and eligibility requirements.

The program application deadline is March 31, 2019.

More from the Government of Ontario's website  » 

 

SMART Program: Assessment Funding for Northern Ontario Manufacturers

The SMART Productivity Assessments program assists and supports small and mid-sized Northern Ontario manufacturers to improve their operations. The SMART Program will contribute 50% to a maximum of $15,000 of costs for eligible companies with no more than 500 employees.

Applications and project proposals submitted must be for future work and not for any assessments that have been previously completed.

More from the SMART Program website  »

 

SMART Program: Advanced Technologies for Global Growth

The SMART Advanced Technologies for Global Growth (ATGG) program assists small and mid- sized Southern Ontario manufacturers with between 15 to 1000 employees in adopting new technologies to improve productivity and increase global competitiveness.

Advanced Technology Adaptation / Adoption Projects focus on improving productivity through the adaptation or adoption of new or upgraded advanced technologies. Projects will be eligible for funding of 35% of eligible costs to a maximum of $100,000.

More from the SMART Program website »