Tax Credit and Funding for Employers
Co-operative Education Tax Credit
These are intended as guidelines only and are not intended to replace the current tax legislation.
- The Co-operative Education Tax Credit (CETC) is a refundable tax credit available to eligible businesses that employ post-secondary students enrolled in qualifying co-operative education programs at eligible educational institutions.
- In Ontario, the Co-operative Education Tax Credit allows you to deduct 25% - 30% of salaries, wages, and benefits to a maximum of $3,000 for each qualifying work term (4 months).
An eligible employer includes all corporations or unincorporated businesses with permanent establishments in Ontario subject to Ontario corporate income tax or Ontario personal income tax. Members of a partnership may share the CETC for each qualifying work placement. Limited partners are not entitled to this credit; however, the general partners of a limited partnership are entitled to share the credit.
Federal Student Work Placement Program (SWPP)
Through the federal Student Work Placement Program (SWPP), organizations within Canada that offer full-time employment opportunities between 12-16 weeks for full-time Canadian post-secondary students can receive up to 70% in wage subsidies!
Please see our SWPP information page for more details and how to apply.TAx Credits
