The tax credit is applied for along with corporate taxes. For any prior year tax credits that were not applied for, an amendment can be requested within 3 years of the initial assessment. This program applies to students that are hired in a co-op program from an Ontario university/college.
Up to 25%, to a max of $3,000
Ontario
- Ontario businesses that hire students enrolled in a post-secondary co-operative education program are eligible for the tax credit.
Most work placements are for a minimum employment period of 10 weeks up to a maximum of four months.
Hiring a student who is enrolled in a Co-op program at a post-secondary school
Ongoing