Financial Incentives and Benefits

Co-operative Education Tax Credit (CETC)

If you are an employer in Ontario, and would like to provide valuable work experience, you may qualify for a significant tax break – from 25 to 30 per cent of eligible expenses up to a maximum of $3,000 for each four-month work term a student completes.

For additional details, please see Co-operative Education Tax Credit.

Student Work Placement Program (SWPP) Government Funding

Funded by Employment and Social Development Canada (ESDC).

Goal

Up to 11,500 new work-integrated-learning opportunities will be created by this program until 2021. The program was expanded in fall 2019.

Amount Available

Seventy-five percent (75%) of all student placements to a maximum of $7,500 per placement.

Funding is available for 12 to 16 weeks. The program expanded in fall 2019 to include Arts programs supporting technology companies with roles in graphic design, UI/UX, etc.

Recent Updates

In response to the current challenges, the Department of Employment and Social Development Canada (ESDC) has introduced the following temporary changes to the Student Work Placement Program. These measures will be in place until March 31, 2021.

General Eligibility

Industry Partners

The program is being delivered through ten industry partners, and each partner is running the program a little differently. Key information on each partner is listed below. Visit the CEWIL Canada website for more information on the Student Work Placement Program.

SWPP Delivery Partner Eligibility/who can apply
Magnet Student Work Placement Program
**NEW**
For employers not represented by any of the other SWPP partners below. The program is expected to generate up to 20,000 paid student work placements yearly across Canada by 2021-22
Information and Communications Technology Council (ICTC) STEAM and Business programs
Emerging technology and digital sector e.g. focused on fintech, intelligent retail and advanced manufacturing, also, entertainment, gaming, e-health, connected transportation, big data, green technology
Technation (formerly ITAC) Business and technology or technology capacity
There has to be an element of technology in the role
Bio Talent Canada STEAM and business programs
Employers within the biotechnology industry or employers in any industry that are hiring for a job role with a biotechnology focus
Canadian Council for Aviation and Aerospace (CCAA) STEAM and Business programs
Organizations in Canada in the aerospace and aviation industry (can’t be a research position in a school lab). Employers- small and medium sized
Electricity Human Resources Canada (EHRC) The employer must be in an electricity related industry e.g. generation, transmission, distribution, support services including: R&D, business dev., energy efficiency, energy storage, electrical vehicle integration and smart cities
Environmental Careers Organization of Canada (ECO Canada) STEAM and Business programs
Organizations in Canada working in the environmental sector
Mining Industry Human Resources Canada (MIHRC) STEAM and Business programs
Companies must be involved in the mining or mineral exploration sector or a post-secondary institution or a not for profit organisation.
It is possible for students to work on a faculty led research project which is in partnership with aiming related business
Venture for Canada Wage subsidies to Atlantic, British Columbia and the Prairies Canadian organizations (business or non-profits) from any industry, who have fewer than 500 employees.
ASPIRE Financial sector partner
This program is funded under Activity Stream 2 (Develop new partnerships for sustainable Work-Integrated Learning (WIL) between industry partners and PSE institutions).

Apprentice & Journeyperson Incentives

A complete list of incentives for Apprentices and Journeypersons can be found on the School of Trades & Apprenticeship website.

Employment Ontario Employment Services Placements

Training incentives may be available for eligible employers committed to providing work-related training and development that prepares individuals to perform the full responsibilities of the job. Training incentives are designed to offset some of the employers' cost of training and encourage employers to retain the participant after the placement ends.

For more information, contact the Conestoga Career Centre.

Additional Government Programs

For provincial incentive programs in Ontario, see the Government of Ontario website.

Learn about the funding opportunities (grants and contributions) offered by Employment and Social Development Canada (ESDC), the Labour Program and Service Canada by browsing the Government of Canada ESDC website.

For a full list of Federal Government Employment Resources for employers hiring young workers visit the Government of Canada Services for Youth website.

Benefits of Hiring Co-op Students

Conestoga Co-op students