workforce development

Co-operative Education Tax Credit

Description: The Co-operative Education Tax Credit (CETC) is a refundable tax credit that is available to employers who hire students enrolled in a co-operative education program at an Ontario university or college.

Funding Details: The CETC is a refundable credit of 25% (30% for small business) up to a maximum of $3,000. Most work placements are for a minimum employment period of 10 weeks up to a maximum of four months.

Eligible Expenditures: The CETC is based on salaries and wages paid to a student in a co-operative education work placement. Fees paid or payable to an employment agency for the work placement for services of a student carried out are also eligible.

Eligibility Requirements: 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. To qualify, a work placement must involve a student who is enrolled at an eligible educational institution and performs employment duties for an eligible employer under a qualifying co-operative education program that is offered by their school. The work placement must meet the following conditions:

  • The placement has been developed or approved by the eligible educational institution
  • The student must be engaged in productive work during the placement and not be just an observer
  • The work placement is:
    • not less than eight months or more than sixteen months, for a qualifying internship program or
    • at least 10 weeks for all other qualifying co-operative education programs
  • The student is paid for the work performed during the placement
  • The employer supervises and evaluates the student's job performance during the placement and
  • The educational institution monitors the student's progress in the work placement

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How NorthBridge Will Assist With the Co-operative Education Tax Credit program and Other Funding Programs

NorthBridge has over 20 years of experience assisting companies with government funding programs. We will:

  • Listen and discuss past, present and future project activities.
  • Research and identify the appropriate and optimal government grant, tax incentive, loans, as well as private financing opportunities.
  • Take a hands-on approach to the application process and address relevant program objectives and criteria.
  • Become an in-house project manager for all types of government funding.
  • Interview the key employees and ask specific questions in order to make the right funding decisions.
  • Assist in writing the application and preparing all supporting documentation.
  • Assist with government reporting requirements.

To arrange for a free, no obligation consultation with one of our government funding experts contact us at:

More information
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