Co-Operative Education Tax Credit
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.
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How Much Funding?
Up to 25%, to a max of $3,000
Who Qualifies?
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.
Eligible Activities & Expenditures
Hiring a student who is enrolled in a Co-op program at a post-secondary school
- Salaries/ wages of hired co-op students (including taxable benefits)
- Fees paid to an employment agency for the co-op position
Program Deadline
Ongoing
