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

more information email us


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: info@northbridgeconsultants.com

More information
Please fill in the following information and a NorthBridge representative will contact you regarding your request.





Captcha image

Can't read the image? Click here to refresh.

Thanks!

Thanks for contacting us. We will get in touch with you soon!

Close this window