Funding, Grants, and Resources for Employers

Employers reviewing their budgets for the year ahead

What financial incentives are available to maintain and/or increase my student recruitment?

There are many funding opportunities available to Canadian employers of all sizes:
  • The Student Work Placement Program (SWPP) — Provides employers with wage subsidies of up to $7,000 per Canadian student they hire. Learn more.
  • The Co-operative Education Tax Credit — Corporations can claim 25% of eligible expenditures while small businesses can claim 30%, up to a maximum credit of $3,000 per work placement. Learn more.
  • The Canada Summer Jobs Program — The Government of Canada introduced temporary flexibilities to the Canada Summer Jobs Program allowing eligible employers (both private and public sector) to receive a wage subsidy reimbursement of up to 75% of the provincial or territorial minimum hourly wage, as well as the option to extend the end date for employment (including part time) to February 26, 2022. The call for applications is now closed. Learn more.
  • Mitacs Accelerate — Solve your research challenges with academic expertise, leveraged funding, and one-to-one support from Mitacs (a national not-for-profit organization that has designed and delivered research and training programs in Canada for 20 years). Internships start at four months and can scale up as much as you need. Your financial contribution starts at $7,500. Learn more.
  • National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) — The Youth Employment Program offers financial assistance to offset the cost of hiring young talent to work on projects with R&D, engineering, multimedia, or market analysis components or to help develop a new product or process. Learn more.

 

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